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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS:    
Cash, Cash Equivalents, and Restricted Cash $ 6,083 $ 21,529
Mortgage loans Held-for-sale 155,244 169,651
Inventory 1,769,507 1,674,460
Property and equipment - net 22,118 29,395
Investment in joint venture arrangements 37,885 35,870
Operating Lease, Right-of-Use Asset 18,415 0
Deferred income tax asset 9,631 13,482
Goodwill 16,400 16,400
Other assets 70,311 60,794
TOTAL ASSETS 2,105,594 2,021,581
LIABILITIES:    
Accounts payable 125,026 131,511
Customer deposits 34,462 32,055
Operating Lease, Liability 18,415 0
Other liabilities 147,937 150,051
Community Development District Obligation 13,531 12,392
Obligation for consolidated inventory not owned 7,934 19,308
Notes payable bank - homebuilding operations 66,000 117,400
Notes payable bank - financial services operations 136,904 153,168
Notes payable - other 5,828 5,938
Senior notes due 2021 - net 298,988 297,884
Senior notes due 2025 - net 247,092 246,571
TOTAL LIABILITIES 1,102,117 1,166,278
Commitments and contingencies (Note 8) 0 0
SHAREHOLDERS' EQUITY:    
Common shares - $.01 par value; authorized 58,000,000 shares at both December 31, 2019 and 2018; issued 30,137,141 shares at both December 31, 2019 and 2018 301 301
Additional paid-in capital 332,861 330,517
Retained earnings 708,579 580,992
Treasury shares - at cost - 1,750,685 and 2,620,923 shares at December 31, 2019 and 2018, respectively (38,264) (56,507)
TOTAL SHAREHOLDERS' EQUITY 1,003,477 855,303
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,105,594 $ 2,021,581