Summary Of Significant Accounting Policies (Tables)
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9 Months Ended |
Sep. 30, 2015 |
Accounting Policies [Abstract] |
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Schedule of other expense (income), net |
Other expense, net consists of the following ($000’s omitted): | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | September 30, | | September 30, | 2015 | | 2014 | | 2015 | | 2014 | Write-off of deposits and pre-acquisition costs | $ | 522 |
| | $ | 1,391 |
| | $ | 3,633 |
| | $ | 4,543 |
| Loss on debt retirements (Note 5) | — |
| | — |
| | — |
| | 8,584 |
| Amortization of intangible assets | 3,225 |
| | 3,258 |
| | 9,675 |
| | 9,808 |
| Miscellaneous, net (a) | 20,079 |
| | (2,243 | ) | | 16,654 |
| | 2,626 |
| | $ | 23,826 |
| | $ | 2,406 |
| | $ | 29,962 |
| | $ | 25,561 |
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| | (a) | Miscellaneous, net includes a charge of $20.0 million resulting from the Applecross matter for the three and nine months ended September 30, 2015 (see Note 9). |
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Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Table Text Block] |
The following table presents the earnings per common share (000's omitted, except per share data): | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | September 30, | | September 30, | 2015 | | 2014 | | 2015 | | 2014 | Numerator: | | | | | | | | Net income | $ | 107,769 |
| | $ | 140,545 |
| | $ | 266,062 |
| | $ | 257,244 |
| Less: earnings distributed to participating securities | (181 | ) | | (124 | ) | | (554 | ) | | (386 | ) | Less: undistributed earnings allocated to participating securities | (516 | ) | | (820 | ) | | (1,169 | ) | | (1,362 | ) | Numerator for basic earnings per share | $ | 107,072 |
| | $ | 139,601 |
| | $ | 264,339 |
| | $ | 255,496 |
| Add back: undistributed earnings allocated to participating securities | 516 |
| | 820 |
| | 1,169 |
| | 1,362 |
| Less: undistributed earnings reallocated to participating securities | (512 | ) | | (812 | ) | | (1,158 | ) | | (1,349 | ) | Numerator for diluted earnings per share | $ | 107,076 |
| | $ | 139,609 |
| | $ | 264,350 |
| | $ | 255,509 |
| | | | | | | | | Denominator: | | | | | | | | Basic shares outstanding | 350,147 |
| | 373,531 |
| | 359,236 |
| | 376,097 |
| Effect of dilutive securities | 3,225 |
| | 3,761 |
| | 3,273 |
| | 3,723 |
| Diluted shares outstanding | 353,372 |
| | 377,292 |
| | 362,509 |
| | 379,820 |
| | | | | | | | | Earnings per share: | | | | | | | | Basic | $ | 0.31 |
| | $ | 0.37 |
| | $ | 0.74 |
| | $ | 0.68 |
| Diluted | $ | 0.30 |
| | $ | 0.37 |
| | $ | 0.73 |
| | $ | 0.67 |
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Schedule Of Company Interests In Land Option Agreements |
The following provides a summary of our interests in land option agreements as of September 30, 2015 and December 31, 2014 ($000’s omitted): | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2015 | | December 31, 2014 | | Deposits and Pre-acquisition Costs | | Remaining Purchase Price | | Land, Not Owned, Under Option Agreements | | Deposits and Pre-acquisition Costs | | Remaining Purchase Price | | Land, Not Owned, Under Option Agreements | Land options with VIEs | $ | 87,804 |
| | $ | 1,098,008 |
| | $ | 32,305 |
| | $ | 56,039 |
| | $ | 891,506 |
| | $ | 12,533 |
| Other land options | 88,475 |
| | 1,020,588 |
| | 70,243 |
| | 71,241 |
| | 999,079 |
| | 17,653 |
| | $ | 176,279 |
| | $ | 2,118,596 |
| | $ | 102,548 |
| | $ | 127,280 |
| | $ | 1,890,585 |
| | $ | 30,186 |
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Schedule of Derivative Instruments in Statement of Financial Position, Fair Value |
The fair values of derivative instruments and their locations in the Condensed Consolidated Balance Sheets are summarized below ($000’s omitted): | | | | | | | | | | | | | | | | | | September 30, 2015 | | December 31, 2014 | | Other Assets | | Other Liabilities | | Other Assets | | Other Liabilities | Interest rate lock commitments | $ | 11,131 |
| | $ | 109 |
| | $ | 4,313 |
| | $ | 65 |
| Forward contracts | 219 |
| | 4,931 |
| | 79 |
| | 3,653 |
| Whole loan commitments | 26 |
| | 433 |
| | 31 |
| | 619 |
| | $ | 11,376 |
| | $ | 5,473 |
| | $ | 4,423 |
| | $ | 4,337 |
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