Note 7 - Inventories (Tables)

9 Months Ended

Sep. 30, 2017

Notes Tables

Schedule of Inventory [Table Text Block]

	September 30,		December 31,
	2017		2016
	(Dollars in thousands)
Housing completed or under construction:
West	$	489,753	$	470,503
Mountain		343,394		277,922
East		136,272		125,774
Subtotal		969,419		874,199
Land and land under development:
West		489,758		499,186
Mountain		305,953		271,252
East		67,291		114,177
Subtotal		863,002		884,615
Total inventories	$	1,832,421	$	1,758,814

Schedule of Inventory Impairments [Table Text Block]

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2017		2016		2017		2016
	(Dollars in thousands)
West	$	1,885	$	-	$	5,985	$	1,400
Mountain		370		-		370		-
East		2,285		4,700		3,035		4,900
Total inventory impairments	$	4,540	$	4,700	$	9,390	$	6,300

Quantitative Data for Fair Value of the Impaired Inventory [Table Text Block]

	Impairment Data								Quantitative Data
Three Months Ended	Total Subdivisions Tested		Inventory Impairments		Fair Value of Inventory After Impairments		Number of Subdivisions Impaired		Discount Rate
	(Dollars in thousands)
March 31, 2017		33	$	4,850	$	19,952		2		12%	to	18%
June 30, 2017		35	$	-	$	-		-			N/A
September 30, 2017		33	$	4,540	$	52,190		9		10%	to	15%
March 31, 2016		14	$	-	$	-		-			N/A
June 30, 2016		17	$	1,600	$	6,415		2		12%	to	15%
September 30, 2016		25	$	4,700	$	12,295		2		15%	to	18%