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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and certain measures of financial performance of the Company. See “Executive Compensation—Compensation Discussion and Analysis” above for additional information about how the Company aligns executive compensation with its performance.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Initial Fixed $100

Investment Based on:

 

 

 

 

 

 

 

 

 

Year

 

Summary

Compensation

Table Total for CEO

($) (1)

 

 

Compensation

Actually

Paid to CEO

($) (2)

 

 

Average

Summary

Compensation

Table Total for

Non-CEO

Named Executive

Officers

($) (3)(4)

 

 

Average

Compensation

Actually Paid

to Non-CEO

Named

Executive

Officers

($) (2)(3)

 

 

Total

Shareholder

Return

($) (5)

 

 

Peer Group

Total

Shareholder

Return

($) (6)

 

 

Net

Income

($ thousands)

(7)

 

 

Adjusted

Pre-tax

Income

($ thousands)

(8)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2023

 

 

5,410,215

 

 

 

7,974,030

 

 

 

1,674,111

 

 

 

2,019,563

 

 

 

214

 

 

 

235

 

 

 

240,841

 

 

 

316,564

 

2022

 

 

4,717,716

 

 

 

4,520,893

 

 

 

1,130,149

 

 

 

1,076,439

 

 

 

164

 

 

 

198

 

 

 

197,742

 

 

 

209,610

 

2021

 

 

3,606,222

 

 

 

5,212,053

 

 

 

968,262

 

 

 

933,183

 

 

 

157

 

 

 

228

 

 

 

76,646

 

 

 

98,602

 

 

(1)

Represents the total compensation reported for our CEO, Mr. Boor, for each corresponding year in the “Total” column of the Summary Compensation Table. 

(2)

In accordance with Item 402(v) of Regulation S-K, the following adjustments were made to the total compensation for our CEO and the average total compensation for the NEOs as a group (excluding our CEO) in each year’s respective Proxy Statement to determine the “compensation actually paid”:

 

 

 

 

Year

 

Reported

Summary

Compensation

Table Total

($)

 

 

Reported

Value

of Stock Awards

($) (a)

 

Stock Award

Adjustments

($) (b)

 

 

Compensation

Actually Paid

($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2023

 

 

5,410,215

 

 

 

 

(2,300,175

)

 

 

 

4,863,990

 

 

 

7,974,030

 

 

CEO

 

2022

 

 

4,717,716

 

 

 

 

(1,915,335

)

 

 

 

1,718,512

 

 

 

4,520,893

 

 

 

 

2021

 

 

3,606,222

 

 

 

 

(1,406,136

)

 

 

 

3,011,967

 

 

 

5,212,053

 

 

Average of

 

2023

 

 

1,674,111

 

 

 

 

(437,678

)

 

 

 

783,130

 

 

 

2,019,563

 

 

non-CEO NEOs

 

2022

 

 

1,130,149

 

 

 

 

(212,686

)

 

 

 

158,976

 

 

 

1,076,439

 

 

 

 

2021

 

 

968,262

 

 

 

 

(157,137

)

 

 

 

122,058

 

 

 

933,183

 

 

 

(a)

Represents the grant date fair value of equity awards reported in the “Stock Awards” column and “Option Awards” column in the Summary Compensation Table for the applicable year.

 

(b)

Equity award adjustments for each applicable year are further detailed in the table below.

 

 

 

 

Year

 

Year End Fair

Value of

Outstanding and

Unvested Stock

Awards Granted

in the Year

 

 

Year over Year

Change in Fair

Value

of Outstanding and

Unvested Stock

Awards

 

 

Year over Year

Change in Fair

Value of Awards

Granted in Prior

Years that Vested

in the Year

 

Year over Year

Change in Fair

Value of Stock

Awards Granted

in Prior Years that

were Cancelled

in the Year

 

Total Stock

Award

Adjustments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2023

 

 

3,482,430

 

 

 

1,103,758

 

 

 

 

277,802

 

 

 

 

 

 

 

 

 

4,863,990

 

 

CEO

 

2022

 

 

2,194,560

 

 

 

14,285

 

 

 

 

(490,333

)

 

 

 

 

 

 

 

 

1,718,512

 

 

 

 

2021

 

 

2,035,062

 

 

 

1,271,832

 

 

 

 

(294,927

)

 

 

 

 

 

 

 

 

3,011,967

 

 

Average of

 

2023

 

 

665,665

 

 

 

86,371

 

 

 

 

25,442

 

 

 

 

 

5,652

 

 

 

 

783,130

 

 

non-CEO NEOs

 

2022

 

 

196,698

 

 

 

4,411

 

 

 

 

(28,377

)

 

 

 

 

(13,756

)

 

 

 

158,976

 

 

 

 

2021

 

 

176,780

 

 

 

132,626

 

 

 

 

(19,790

)

 

 

 

 

(167,558

)

 

 

 

122,058

 

 

(3)

For 2023, our non-CEO NEOs were Ms. Aden and Messrs. Cira, Niño and Dragash. For 2022, our non-CEO NEOs were Messrs. Niño, Cira, Dragash and Bigbee and Mses. Aden and Reynolds. For 2021, our non-CEO NEOs were Messrs. Urness, Niño, Zeller, Dragash and Bigbee.

 

 

 

(4)

Represents the average total compensation reported for our non-CEO NEOs, derived from the “Total” column of the Summary Compensation Table in each year’s respective Proxy Statement.

(5)

Represents the total shareholder return (“TSR”) on our common stock assuming an initial investment of $100 (with reinvestment of dividends) from the measurement period beginning on the last trading day before the Company’s earliest fiscal year in the table, through and including the end of the fiscal year for which cumulative TSR of the Company is being calculated.

(6)

Represents the TSR for the iShares U.S. Home Construction ETF. For purposes of the table, an initial investment of $100 (with reinvestment of all dividends is assumed to have been made in the iShares U.S. Home Construction ETF for the measurement period beginning on the last trading day before the Company’s earliest fiscal year in the table, through and including the end of the fiscal year for which cumulative TSR of iShares U.S. Home Construction ETF is being calculated.

(7)

Represents our net income, in thousands, as reported in our Annual Report on Form 10-K for each of the years presented.

(8)

Represents, in the Company’s assessment, the most important financial performance measure used to link compensation actually paid to our NEOs, for the most recently completed fiscal year, to Company performance. Company-selected measure is Adjusted Pre-tax Income, which is Pre-tax income after adjustments, including costs related to: (i) the SEC litigation; (ii) unrealized gains and losses on equity investments; (iii) integration costs related to recently acquired Solitaire Homes, Inc. (“Solitaire”); (iv) earnings from Craftsman Homes, LLC that are attributable to a noncontrolling interest; and (v) results from Solitaire that were not previously considered in the budget.

   
Company Selected Measure Name Adjusted Pre-tax Income    
Named Executive Officers, Footnote [Text Block] Represents the total compensation reported for our CEO, Mr. Boor, for each corresponding year in the “Total” column of the Summary Compensation Table.For 2023, our non-CEO NEOs were Ms. Aden and Messrs. Cira, Niño and Dragash. For 2022, our non-CEO NEOs were Messrs. Niño, Cira, Dragash and Bigbee and Mses. Aden and Reynolds. For 2021, our non-CEO NEOs were Messrs. Urness, Niño, Zeller, Dragash and Bigbee.    
Peer Group Issuers, Footnote [Text Block] Represents the TSR for the iShares U.S. Home Construction ETF. For purposes of the table, an initial investment of $100 (with reinvestment of all dividends is assumed to have been made in the iShares U.S. Home Construction ETF for the measurement period beginning on the last trading day before the Company’s earliest fiscal year in the table, through and including the end of the fiscal year for which cumulative TSR of iShares U.S. Home Construction ETF is being calculated.    
PEO Total Compensation Amount $ 5,410,215 $ 4,717,716 $ 3,606,222
PEO Actually Paid Compensation Amount $ 7,974,030 4,520,893 5,212,053
Adjustment To PEO Compensation, Footnote [Text Block] In accordance with Item 402(v) of Regulation S-K, the following adjustments were made to the total compensation for our CEO and the average total compensation for the NEOs as a group (excluding our CEO) in each year’s respective Proxy Statement to determine the “compensation actually paid”:

 

 

 

 

Year

 

Reported

Summary

Compensation

Table Total

($)

 

 

Reported

Value

of Stock Awards

($) (a)

 

Stock Award

Adjustments

($) (b)

 

 

Compensation

Actually Paid

($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2023

 

 

5,410,215

 

 

 

 

(2,300,175

)

 

 

 

4,863,990

 

 

 

7,974,030

 

 

CEO

 

2022

 

 

4,717,716

 

 

 

 

(1,915,335

)

 

 

 

1,718,512

 

 

 

4,520,893

 

 

 

 

2021

 

 

3,606,222

 

 

 

 

(1,406,136

)

 

 

 

3,011,967

 

 

 

5,212,053

 

 

Average of

 

2023

 

 

1,674,111

 

 

 

 

(437,678

)

 

 

 

783,130

 

 

 

2,019,563

 

 

non-CEO NEOs

 

2022

 

 

1,130,149

 

 

 

 

(212,686

)

 

 

 

158,976

 

 

 

1,076,439

 

 

 

 

2021

 

 

968,262

 

 

 

 

(157,137

)

 

 

 

122,058

 

 

 

933,183

 

 

 

(a)

Represents the grant date fair value of equity awards reported in the “Stock Awards” column and “Option Awards” column in the Summary Compensation Table for the applicable year.

 

(b)

Equity award adjustments for each applicable year are further detailed in the table below.

 

 

 

 

Year

 

Year End Fair

Value of

Outstanding and

Unvested Stock

Awards Granted

in the Year

 

 

Year over Year

Change in Fair

Value

of Outstanding and

Unvested Stock

Awards

 

 

Year over Year

Change in Fair

Value of Awards

Granted in Prior

Years that Vested

in the Year

 

Year over Year

Change in Fair

Value of Stock

Awards Granted

in Prior Years that

were Cancelled

in the Year

 

Total Stock

Award

Adjustments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2023

 

 

3,482,430

 

 

 

1,103,758

 

 

 

 

277,802

 

 

 

 

 

 

 

 

 

4,863,990

 

 

CEO

 

2022

 

 

2,194,560

 

 

 

14,285

 

 

 

 

(490,333

)

 

 

 

 

 

 

 

 

1,718,512

 

 

 

 

2021

 

 

2,035,062

 

 

 

1,271,832

 

 

 

 

(294,927

)

 

 

 

 

 

 

 

 

3,011,967

 

 

Average of

 

2023

 

 

665,665

 

 

 

86,371

 

 

 

 

25,442

 

 

 

 

 

5,652

 

 

 

 

783,130

 

 

non-CEO NEOs

 

2022

 

 

196,698

 

 

 

4,411

 

 

 

 

(28,377

)

 

 

 

 

(13,756

)

 

 

 

158,976

 

 

 

 

2021

 

 

176,780

 

 

 

132,626

 

 

 

 

(19,790

)

 

 

 

 

(167,558

)

 

 

 

122,058

 

 

   
Non-PEO NEO Average Total Compensation Amount $ 1,674,111 1,130,149 968,262
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,019,563 1,076,439 933,183
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] In accordance with Item 402(v) of Regulation S-K, the following adjustments were made to the total compensation for our CEO and the average total compensation for the NEOs as a group (excluding our CEO) in each year’s respective Proxy Statement to determine the “compensation actually paid”:

 

 

 

 

Year

 

Reported

Summary

Compensation

Table Total

($)

 

 

Reported

Value

of Stock Awards

($) (a)

 

Stock Award

Adjustments

($) (b)

 

 

Compensation

Actually Paid

($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2023

 

 

5,410,215

 

 

 

 

(2,300,175

)

 

 

 

4,863,990

 

 

 

7,974,030

 

 

CEO

 

2022

 

 

4,717,716

 

 

 

 

(1,915,335

)

 

 

 

1,718,512

 

 

 

4,520,893

 

 

 

 

2021

 

 

3,606,222

 

 

 

 

(1,406,136

)

 

 

 

3,011,967

 

 

 

5,212,053

 

 

Average of

 

2023

 

 

1,674,111

 

 

 

 

(437,678

)

 

 

 

783,130

 

 

 

2,019,563

 

 

non-CEO NEOs

 

2022

 

 

1,130,149

 

 

 

 

(212,686

)

 

 

 

158,976

 

 

 

1,076,439

 

 

 

 

2021

 

 

968,262

 

 

 

 

(157,137

)

 

 

 

122,058

 

 

 

933,183

 

 

 

(a)

Represents the grant date fair value of equity awards reported in the “Stock Awards” column and “Option Awards” column in the Summary Compensation Table for the applicable year.

 

(b)

Equity award adjustments for each applicable year are further detailed in the table below.

 

 

 

 

Year

 

Year End Fair

Value of

Outstanding and

Unvested Stock

Awards Granted

in the Year

 

 

Year over Year

Change in Fair

Value

of Outstanding and

Unvested Stock

Awards

 

 

Year over Year

Change in Fair

Value of Awards

Granted in Prior

Years that Vested

in the Year

 

Year over Year

Change in Fair

Value of Stock

Awards Granted

in Prior Years that

were Cancelled

in the Year

 

Total Stock

Award

Adjustments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2023

 

 

3,482,430

 

 

 

1,103,758

 

 

 

 

277,802

 

 

 

 

 

 

 

 

 

4,863,990

 

 

CEO

 

2022

 

 

2,194,560

 

 

 

14,285

 

 

 

 

(490,333

)

 

 

 

 

 

 

 

 

1,718,512

 

 

 

 

2021

 

 

2,035,062

 

 

 

1,271,832

 

 

 

 

(294,927

)

 

 

 

 

 

 

 

 

3,011,967

 

 

Average of

 

2023

 

 

665,665

 

 

 

86,371

 

 

 

 

25,442

 

 

 

 

 

5,652

 

 

 

 

783,130

 

 

non-CEO NEOs

 

2022

 

 

196,698

 

 

 

4,411

 

 

 

 

(28,377

)

 

 

 

 

(13,756

)

 

 

 

158,976

 

 

 

 

2021

 

 

176,780

 

 

 

132,626

 

 

 

 

(19,790

)

 

 

 

 

(167,558

)

 

 

 

122,058

 

 

   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

The following chart sets forth the relationship between compensation actually paid to our CEO, the average of compensation actually paid to our non-CEO NEOs, and the cumulative TSR of the Company and of iShares U.S. Home Construction ETF over the three most recently completed fiscal years.

 

   
Compensation Actually Paid vs. Net Income [Text Block]

The following chart sets forth the relationship between compensation actually paid to our CEO, the average of compensation actually paid to our non-CEO NEOs, and our Net Income during the three most recently completed fiscal years.

 

   
Compensation Actually Paid vs. Company Selected Measure [Text Block]

The following chart sets forth the relationship between compensation actually paid to our CEO, the average of compensation actually paid to our non-CEO NEOs, and our Adjusted Pre-tax Income during the three most recently completed fiscal years.

 

   
Tabular List [Table Text Block]

Listed below are the financial and non-financial performance measures which in the Company’s assessment represent the most important performance measures used to link compensation actually paid to our NEOs, for 2023, to the Company’s performance:

 

 

Adjusted Pre-tax Income

 

Individual Objective Based Performance

 

Market Share

 

Floors per employee

 

Relative TSR

   
Total Shareholder Return Amount $ 214 164 157
Peer Group Total Shareholder Return Amount 235 198 228
Net Income (Loss) $ 240,841,000 $ 197,742,000 $ 76,646,000
Company Selected Measure Amount 316,564,000 209,610,000 98,602,000
PEO Name Mr. Boor Mr. Boor Mr. Boor
Non PEO NEOs Name Ms. Aden and Messrs. Cira, Niño and Dragash Messrs. Niño, Cira, Dragash and Bigbee and Mses. Aden and Reynolds Messrs. Urness, Niño, Zeller, Dragash and Bigbee
PEO [Member] | Reported Value of Stock Awards      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (2,300,175) $ (1,915,335) $ (1,406,136)
PEO [Member] | Stock Awards Adjustments      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 4,863,990 1,718,512 3,011,967
PEO [Member] | Year End Fair Value of Outstanding And Unvested Stock Awards Granted in the Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 3,482,430 2,194,560 2,035,062
PEO [Member] | Year Over Year Change In Fair Value of Outstanding And Unvested Stock Awards      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,103,758 14,285 1,271,832
PEO [Member] | Year over Year Change in Fair Value of Awards Granted in Prior Years that Vested in Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 277,802 (490,333) (294,927)
Non-PEO NEO [Member] | Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name   • Adjusted Pre-tax Income    
Non-PEO NEO [Member] | Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name   • Individual Objective Based Performance    
Non-PEO NEO [Member] | Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name   • Market Share    
Non-PEO NEO [Member] | Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name   • Floors per employee    
Non-PEO NEO [Member] | Measure [Axis]: 5      
Pay vs Performance Disclosure [Table]      
Measure Name   • Relative TSR    
Non-PEO NEO [Member] | Reported Value of Stock Awards      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (437,678) (212,686) (157,137)
Non-PEO NEO [Member] | Stock Awards Adjustments      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 783,130 158,976 122,058
Non-PEO NEO [Member] | Year End Fair Value of Outstanding And Unvested Stock Awards Granted in the Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 665,665 196,698 176,780
Non-PEO NEO [Member] | Year Over Year Change In Fair Value of Outstanding And Unvested Stock Awards      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 86,371 4,411 132,626
Non-PEO NEO [Member] | Year over Year Change in Fair Value of Awards Granted in Prior Years that Vested in Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 25,442 (28,377) (19,790)
Non-PEO NEO [Member] | Year Over year Change in Fair value of Stock Awards Granted in Prior Years that were Cancelled in the Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 5,652 $ (13,756) $ (167,558)