Note 14 - Senior Notes

3 Months Ended

Mar. 31, 2016

Notes to Financial Statements

Long-term Debt [Text Block]

1 4 . Senior Notes

The carrying value of our senior notes as of March 31, 2016 and December 31, 2015, net of any unamortized debt issuance costs or discount, were as follows:

	March 31,		December 31,
	2016		2015
	(Dollars in thousands)
5⅝% Senior Notes due February 2020, net	$	246,247	$	246,032
5½% Senior Notes due January 2024, net		248,254		248,209
6% Senior Notes due January 2043, net		346,297		346,283
Total	$	840,798	$	840,524

Our senior notes are not secured and, while the senior note indentures contain some restrictions on secured debt and other transactions, they do not contain financial covenants. Our senior notes are fully and unconditionally guaranteed on an unsecured basis, jointly and severally, by substantially all of our homebuilding segment subsidiaries.