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Note 20 - Supplemental Guarantor Information (Tables)
 3 Months Ended
Mar. 31, 2018
Notes Tables  
Condensed Balance Sheet [Table Text Block]
   
March 31, 2018
  
     
 
      
 
    
Non-
      
 
      
 
  
     
 
    
Guarantor
    
Guarantor
    
Eliminating
    
Consolidated
  
   
MDC
    
Subsidiaries
    
Subsidiaries
    
Entries
    
MDC
  
 
  
(Dollars in thousands)
  
ASSETS
      
Homebuilding:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Cash and cash equivalents
   $
348,609
     $
4,259
     $
-
     $
-
     $
352,868
  
Marketable securities
    
49,817
      
-
      
-
      
-
      
49,817
  
Restricted cash
    
-
      
6,198
      
-
      
-
      
6,198
  
Trade and other receivables
    
2,904
      
52,327
      
-
      
(2,322
 )    
52,909
  
Inventories:
                                        
Housing completed or under construction
    
-
      
1,009,197
      
-
      
-
      
1,009,197
  
Land and land under development
    
-
      
964,660
      
-
      
-
      
964,660
  
Total inventories
    
-
      
1,973,857
      
-
      
-
      
1,973,857
  
                                         
Intercompany receivables
    
1,776,963
      
2,803
      
-
      
(1,779,766
 )    
-
  
Investment in subsidiaries
    
239,705
      
-
      
-
      
(239,705
 )    
-
  
Property and equipment, net
    
24,013
      
29,355
      
-
      
-
      
53,368
  
Deferred tax asset, net
    
41,463
      
-
      
-
      
(979
 )    
40,484
  
Prepaid and other assets
    
8,867
      
29,148
      
-
      
-
      
38,015
  
Total homebuilding assets
    
2,492,341
      
2,097,947
      
-
      
(2,022,772
 )    
2,567,516
  
                                         
Financial Services:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Cash and cash equivalents
    
-
      
-
      
48,514
      
-
      
48,514
  
Marketable securities
    
-
      
-
      
40,912
      
-
      
40,912
  
Intercompany receivables
    
-
      
-
      
22,726
      
(22,726
 )    
-
  
Mortgage loans held-for-sale, net
    
-
      
-
      
113,158
      
-
      
113,158
  
Other assets
    
-
      
-
      
16,083
      
979
      
17,062
  
Total financial services assets
    
-
      
-
      
241,393
      
(21,747
 )    
219,646
  
Total Assets
   $
2,492,341
     $
2,097,947
     $
241,393
     $
(2,044,519
 )   $
2,787,162
  
                                         
LIABILITIES AND EQUITY
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
                                         
Homebuilding:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Accounts payable
   $
-
     $
53,347
     $
-
     $
-
     $
53,347
  
Accrued liabilities
    
32,387
      
121,968
      
-
      
890
      
155,245
  
Advances and notes payable to parent and subsidiaries
    
25,529
      
1,745,126
      
27,791
      
(1,798,446
 )    
-
  
Revolving credit facility
    
15,000
      
-
      
-
      
-
      
15,000
  
Senior notes, net
    
986,932
      
-
      
-
      
-
      
986,932
  
Total homebuilding liabilities
    
1,059,848
      
1,920,441
      
27,791
      
(1,797,556
 )    
1,210,524
  
                                         
Financial Services:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Accounts payable and other liabilities
    
-
      
-
      
57,231
      
(3,212
 )    
54,019
  
Advances and notes payable to parent and subsidiaries
    
-
      
-
      
4,046
      
(4,046
 )    
-
  
Mortgage repurchase facility
    
-
      
-
      
90,126
      
-
      
90,126
  
Total financial services liabilities
    
-
      
-
      
151,403
      
(7,258
 )    
144,145
  
Total Liabilities
    
1,059,848
      
1,920,441
      
179,194
      
(1,804,814
 )    
1,354,669
  
                                         
Equity:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Total Stockholders' Equity
    
1,432,493
      
177,506
      
62,199
      
(239,705
 )    
1,432,493
  
Total Liabilities and Stockholders' Equity
   $
2,492,341
     $
2,097,947
     $
241,393
     $
(2,044,519
 )   $
2,787,162
  
   
December 31, 2017
  
     
 
      
 
    
Non-
      
 
      
 
  
     
 
    
Guarantor
    
Guarantor
    
Eliminating
    
Consolidated
  
   
MDC
    
Subsidiaries
    
Subsidiaries
    
Entries
    
MDC
  
 
  
(Dollars in thousands)
  
ASSETS
      
Homebuilding:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Cash and cash equivalents
   $
468,718
     $
4,239
     $
-
     $
-
     $
472,957
  
Marketable securities
    
49,634
      
-
      
-
      
-
      
49,634
  
Restricted cash
    
-
      
8,812
      
-
      
-
      
8,812
  
Trade and other receivables
    
8,200
      
47,422
      
-
      
(2,260
 )    
53,362
  
Inventories:
                                        
Housing completed or under construction
    
-
      
936,685
      
-
      
-
      
936,685
  
Land and land under development
    
-
      
893,051
      
-
      
-
      
893,051
  
Total inventories
    
-
      
1,829,736
      
-
      
-
      
1,829,736
  
                                         
Intercompany receivables
    
1,578,830
      
2,803
      
5,291
      
(1,586,924
 )    
-
  
Investment in subsidiaries
    
317,400
      
-
      
-
      
(317,400
 )    
-
  
Property and equipment, net
    
24,557
      
1,882
      
-
      
-
      
26,439
  
Deferred tax assets, net
    
42,862
      
-
      
-
      
(1,382
 )    
41,480
  
Other assets
    
7,260
      
68,406
      
-
      
-
      
75,666
  
Total Homebuilding Assets
    
2,497,461
      
1,963,300
      
5,291
      
(1,907,966
 )    
2,558,086
  
                                         
Financial Services:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Cash and cash equivalents
    
-
      
-
      
32,471
      
-
      
32,471
  
Marketable securities
    
-
      
-
      
42,004
      
-
      
42,004
  
Intercompany receivables
    
-
      
-
      
40,139
      
(40,139
 )    
-
  
Mortgage loans held-for-sale, net
    
-
      
-
      
138,114
      
-
      
138,114
  
Other assets
    
-
      
-
      
8,235
      
1,382
      
9,617
  
Total Financial Services Assets
    
-
      
-
      
260,963
      
(38,757
 )    
222,206
  
Total Assets
   $
2,497,461
     $
1,963,300
     $
266,254
     $
(1,946,723
 )   $
2,780,292
  
                                         
LIABILITIES AND EQUITY
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
                                         
Homebuilding:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Accounts payable
   $
-
     $
39,655
     $
-
     $
-
     $
39,655
  
Accrued liabilities
    
40,344
      
122,544
      
37
      
3,387
      
166,312
  
Advances and notes payable to parent and subsidiaries
    
48,233
      
1,547,593
      
27,015
      
(1,622,841
 )    
-
  
Revolving credit facility
    
15,000
      
-
      
-
      
-
      
15,000
  
Senior notes, net
    
986,597
      
-
      
-
      
-
      
986,597
  
Total Homebuilding Liabilities
    
1,090,174
      
1,709,792
      
27,052
      
(1,619,454
 )    
1,207,564
  
                                         
Financial Services:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Accounts payable and accrued liabilities
    
-
      
-
      
58,748
      
(5,647
 )    
53,101
  
Advances and notes payable to parent and subsidiaries
    
-
      
-
      
4,222
      
(4,222
 )    
-
  
Mortgage repurchase facility
    
-
      
-
      
112,340
      
-
      
112,340
  
Total Financial Services Liabilities
    
-
      
-
      
175,310
      
(9,869
 )    
165,441
  
Total Liabilities
    
1,090,174
      
1,709,792
      
202,362
      
(1,629,323
 )    
1,373,005
  
                                         
Equity:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Total Stockholders' Equity
    
1,407,287
      
253,508
      
63,892
      
(317,400
 )    
1,407,287
  
Total Liabilities and Stockholders' Equity
   $
2,497,461
     $
1,963,300
     $
266,254
     $
(1,946,723
 )   $
2,780,292
  
Condensed Income Statement [Table Text Block]
   
Three Months Ended March 31, 2018
  
     
 
      
 
    
Non-
      
 
      
 
  
     
 
    
Guarantor
    
Guarantor
    
Eliminating
    
Consolidated
  
   
MDC
    
Subsidiaries
    
Subsidiaries
    
Entries
    
MDC
  
 
  
(Dollars in thousands)
  
Homebuilding:
      
Revenues
   $
-
     $
607,688
     $
-
     $
-
     $
607,688
  
Cost of sales
    
-
      
(496,632
 )    
-
      
-
      
(496,632
 )
Inventory impairments
    
-
      
(550
 )    
-
      
-
      
(550
 )
Gross margin
    
-
      
110,506
      
-
      
-
      
110,506
  
Selling, general, and administrative expenses
    
(12,808
 )    
(58,329
 )    
-
      
(204
 )    
(71,341
 )
Equity income of subsidiaries
    
47,169
      
-
      
-
      
(47,169
 )    
-
  
Interest and other income
    
1,773
      
318
      
2
      
(234
 )    
1,859
  
Other expense
    
7
      
(570
 )    
-
      
-
      
(563
 )
Homebuilding pretax income (loss)
    
36,141
      
51,925
      
2
      
(47,607
 )    
40,461
  
Financial Services:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Financial services pretax income
    
-
      
-
      
9,633
      
438
      
10,071
  
Income before income taxes
    
36,141
      
51,925
      
9,635
      
(47,169
 )    
50,532
  
(Provision) benefit for income taxes
    
2,623
      
(12,092
 )    
(2,299
 )    
-
      
(11,768
 )
Net income
   $
38,764
     $
39,833
     $
7,336
     $
(47,169
 )   $
38,764
  
Other comprehensive income related to available-for-sale securities, net of tax
    
-
      
-
      
-
      
-
      
-
  
Comprehensive income
   $
38,764
     $
39,833
     $
7,336
     $
(47,169
 )   $
38,764
  
   
Three Months Ended March 31, 2017
  
     
 
      
 
    
Non-
      
 
      
 
  
     
 
    
Guarantor
    
Guarantor
    
Eliminating
    
Consolidated
  
   
MDC
    
Subsidiaries
    
Subsidiaries
    
Entries
    
MDC
  
 
  
(Dollars in thousands)
  
Homebuilding:
      
Revenues
   $
-
     $
563,726
     $
-
     $
-
     $
563,726
  
Cost of sales
    
-
      
(469,153
 )    
-
      
-
      
(469,153
 )
Inventory impairments
    
-
      
(4,850
 )    
-
      
-
      
(4,850
 )
Gross margin
    
-
      
89,723
      
-
      
-
      
89,723
  
Selling, general, and administrative expenses
    
(12,395
 )    
(53,721
 )    
-
      
(182
 )    
(66,298
 )
Equity income of subsidiaries
    
29,031
      
-
      
-
      
(29,031
 )    
-
  
Interest and other income
    
1,676
      
674
      
1
      
(24
 )    
2,327
  
Other expense
    
8
      
(359
 )    
-
      
-
      
(351
 )
Other-than-temporary impairment of marketable securities
    
(50
 )    
-
      
-
      
-
      
(50
 )
Homebuilding pretax income (loss)
    
18,270
      
36,317
      
1
      
(29,237
 )    
25,351
  
Financial Services:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Financial services pretax income
    
-
      
-
      
10,803
      
206
      
11,009
  
Income before income taxes
    
18,270
      
36,317
      
10,804
      
(29,031
 )    
36,360
  
(Provision) benefit for income taxes
    
3,979
      
(14,095
 )    
(3,995
 )    
-
      
(14,111
 )
Net income
   $
22,249
     $
22,222
     $
6,809
     $
(29,031
 )   $
22,249
  
Other comprehensive income related to available-for-sale securities, net of tax
    
1,986
      
-
      
834
      
(834
 )    
1,986
  
Comprehensive income
   $
24,235
     $
22,222
     $
7,643
     $
(29,865
 )   $
24,235
  
Condensed Cash Flow Statement [Table Text Block]
   
Three Months Ended March 31, 2018
  
     
 
      
 
    
Non-
      
 
      
 
  
     
 
    
Guarantor
    
Guarantor
    
Eliminating
    
Consolidated
  
   
MDC
    
Subsidiaries
    
Subsidiaries
    
Entries
    
MDC
  
   
(Dollars in thousands)
  
Net cash provided by (used in) operating activities
   $
(8,950
 )   $
(79,547
 )   $
27,011
     $
-
     $
(61,486
 )
Net cash provided by (used in) investing activities
    
(94,576
 )    
(6,250
 )    
(60
 )    
94,509
      
(6,377
 )
Financing activities:
                                        
Payments from (advances to) subsidiaries
    
-
      
83,203
      
11,306
      
(94,509
 )    
-
  
Mortgage repurchase facility
    
-
      
-
      
(22,214
 )    
-
      
(22,214
 )
Dividend payments
    
(16,865
 )    
-
      
-
      
-
      
(16,865
 )
Proceeds from exercise of stock options
    
282
      
-
      
-
      
-
      
282
  
Net cash provided by (used in) financing activities
    
(16,583
 )    
83,203
      
(10,908
 )    
(94,509
 )    
(38,797
 )
                                         
Net increase in cash and cash equivalents
    
(120,109
 )    
(2,594
 )    
16,043
      
-
      
(106,660
 )
Cash and cash equivalents:
                                        
Beginning of period
    
468,718
      
13,051
      
32,471
      
-
      
514,240
  
End of period
   $
348,609
     $
10,457
     $
48,514
     $
-
     $
407,580
  
   
Three Months Ended March 31, 2017
  
     
 
      
 
    
Non-
      
 
      
 
  
     
 
    
Guarantor
    
Guarantor
    
Eliminating
    
Consolidated
  
   
MDC
    
Subsidiaries
    
Subsidiaries
    
Entries
    
MDC
  
   
(Dollars in thousands)
  
Net cash provided by (used in) operating activities
   $
24,806
     $
22,396
     $
47,135
     $
-
     $
94,337
  
Net cash provided by (used in) investing activities
    
23,051
      
(57
 )    
139
      
(24,633
 )    
(1,500
 )
Financing activities:
                                        
Payments from (advances to) subsidiaries
    
-
      
(20,811
 )    
(3,822
 )    
24,633
      
-
  
Mortgage repurchase facility
    
-
      
-
      
(43,943
 )    
-
      
(43,943
 )
Dividend payments
    
(12,897
 )    
-
      
-
      
-
      
(12,897
 )
Proceeds from the exercise of stock options
    
1,607
      
-
      
-
      
-
      
1,607
  
Net cash provided by (used in) financing activities
    
(11,290
 )    
(20,811
 )    
(47,765
 )    
24,633
      
(55,233
 )
                                         
Net increase in cash and cash equivalents
    
36,567
      
1,528
      
(491
 )    
-
      
37,604
  
Cash and cash equivalents:
                                        
Beginning of period
    
255,679
      
7,186
      
23,822
      
-
      
286,687
  
End of period
   $
292,246
     $
8,714
     $
23,331
     $
-
     $
324,291