Note 14 - Senior Notes

3 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Long-term Debt [Text Block]

1 4 . Senior Notes

The carrying value of our senior notes as of

March 31, 2018

and

December 31, 2017,

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

	March 31,		December 31,
	2018		2017
	(Dollars in thousands)
5⅝% Senior Notes due February 2020, net	$	248,097	$	247,853
5½% Senior Notes due January 2024, net		248,634		248,585
6% Senior Notes due January 2043, net		490,201		490,159
Total	$	986,932	$	986,597

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.