Note 14 - Senior Notes

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Long-term Debt [Text Block]

1 4 . Senior Notes

The carrying value of our senior notes as of

September 30, 2017

and

December 31, 2016,

net of any unamortized debt issuance costs or discount, were as follows:

	September 30,		December 31,
	2017		2016
	(Dollars in thousands)
5⅝% Senior Notes due February 2020, net	$	247,613	$	246,915
5½% Senior Notes due January 2024, net		248,535		248,391
6% Senior Notes due January 2043, net		346,384		346,340
Total	$	842,532	$	841,646

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

most of our homebuilding segment subsidiaries.

Subsequent to

September 30, 2017,

we completed

a public offering of an additional

$150

million principal amount of our

6%

senior notes due

2043.

See Note

20

for additional information.