Note 14 - Senior Notes

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Long-term Debt [Text Block]

1

4

.           Senior Notes

 The carrying value of our senior notes as of June 30, 2016 and December 31, 2015, net of any unamortized debt issuance costs or discount, were as follows:

	June 30,		December 31,
	2016		2015
	(Dollars in thousands)
5⅝% Senior Notes due February 2020, net	$	246,466	$	246,032
5½% Senior Notes due January 2024		248,299		248,209
6% Senior Notes due January 2043		346,311		346,283
Total	$	841,076	$	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.