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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
ASSETS:    
Cash and cash equivalents $ 17,168 $ 128,725
Restricted cash 8,898 13,902
Mortgage loans held for sale 76,983 81,810
Inventory 893,964 690,934
Property and equipment - net 11,430 10,536
Investments in unconsolidated joint ventures 40,769 35,266
Deferred income taxes, net of valuation allowance of $9.3 million at December 31, 2013 102,882 110,911
Other assets 41,060 38,092
Total assets 1,193,154 1,110,176
LIABILITIES:    
Accounts payable 97,873 70,226
Customer deposits 14,202 11,262
Other liabilities 74,203 71,341
Community development district (“CDD”) obligations 3,056 3,130
Obligation for consolidated inventory not owned 1,700 1,775
Long-term Line of Credit 14,400 0
Notes Payable - Financial Services 73,778 80,029
Notes payable - other 8,530 7,790
Convertible senior subordinated notes due 2017 57,500 57,500
Convertible senior subordinated notes due 2018 86,250 86,250
Senior notes 228,369 228,070
TOTAL LIABILITIES 659,861 617,373
Commitments and contingencies 0 0
SHAREHOLDERS' EQUITY:    
Preferred shares - $.01 par value; authorized 2,000,000 shares; 2,000 shares issued and outstanding at both September 30, 2014 and December 31, 2013 48,163 48,163
Common shares - $.01 par value; authorized 58,000,000 and 38,000,000 shares at September 30, 2014 and December 31, 2013, respectively; issued 27,092,723 shares at both September 30, 2014 and December 31, 2013 271 271
Additional paid-in capital 238,095 236,060
Retained earnings 298,772 262,625
Treasury shares - at cost - 2,618,584 and 2,734,780 shares at September 30, 2014 and December 31, 2013, respectively (52,008) (54,316)
TOTAL SHAREHOLDERS' EQUITY 533,293 492,803
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,193,154 $ 1,110,176