Note 21 - Supplemental Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2014

Supplemental Guarantor Information [Abstract]

Supplemental Condensed Consolidating Statements of Operations [Table Text Block]

	Three Months Ended March 31, 2014
	Standard Pacific Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
Homebuilding:
Revenues	$	168,340		$	205,084		$	86,775		$	-		$	460,199
Cost of sales		(121,510	)		(154,822	)		(64,917	)		-			(341,249	)
Gross margin		46,830			50,262			21,858			-			118,950
Selling, general and administrative expenses		(23,805	)		(27,848	)		(6,937	)		-			(58,590	)
Income (loss) from unconsolidated joint ventures		(117	)		33			(353	)		-			(437	)
Equity income of subsidiaries		24,496			-			-			(24,496	)		-
Interest income (expense), net		3,689			(2,806	)		(883	)		-			-
Other income (expense)		(142	)		(30	)		159			-			(13	)
Homebuilding pretax income		50,951			19,611			13,844			(24,496	)		59,910
Financial Services:
Financial services pretax income		-			-			1,705			-			1,705
Income before taxes		50,951			19,611			15,549			(24,496	)		61,615
Provision for income taxes		(12,792	)		(7,255	)		(3,409	)		-			(23,456	)
Net income	$	38,159		$	12,356		$	12,140		$	(24,496	)	$	38,159

	Three Months Ended March 31, 2013
	Standard Pacific Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
Homebuilding:
Revenues	$	175,235		$	151,389		$	31,097		$	-		$	357,721
Cost of sales		(137,086	)		(120,400	)		(25,709	)		-			(283,195	)
Gross margin		38,149			30,989			5,388			-			74,526
Selling, general and administrative expenses		(21,030	)		(22,046	)		(3,218	)		-			(46,294	)
Income (loss) from unconsolidated joint ventures		1,135			(72	)		71			-			1,134
Equity income of subsidiaries		5,280			-			-			(5,280	)		-
Interest income (expense), net		5,003			(3,602	)		(1,401	)		-			-
Other income (expense)		3,507			(16	)		79			-			3,570
Homebuilding pretax income		32,044			5,253			919			(5,280	)		32,936
Financial Services:
Financial services pretax income		-			-			2,457			-			2,457
Income before taxes		32,044			5,253			3,376			(5,280	)		35,393
Provision for income taxes		(10,220	)		(2,405	)		(944	)		-			(13,569	)
Net income	$	21,824		$	2,848		$	2,432		$	(5,280	)	$	21,824

Supplemental Condensed Consolidating Balance Sheets [Table Text Block]

	March 31, 2014
	Standard Pacific Corp.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
ASSETS
Homebuilding:
Cash and equivalents	$	34,049	$	686	$	159,967	$	-		$	194,702
Restricted cash		-		-		26,698		-			26,698
Trade, intercompany and other receivables		1,420,893		11,288		48,636		(1,448,921	)		31,896
Inventories:
Owned		855,812		1,107,558		777,899		-			2,741,269
Not owned		14,507		31,397		37,697		-			83,601
Investments in unconsolidated joint ventures		403		224		49,093		-			49,720
Investments in subsidiaries		839,236		-		-		(839,236	)		-
Deferred income taxes, net		358,988		-		-		(4,510	)		354,478
Other assets		35,642		7,435		2,365		-			45,442
Total Homebuilding Assets		3,559,530		1,158,588		1,102,355		(2,292,667	)		3,527,806
Financial Services:
Cash and equivalents		-		-		10,410		-			10,410
Restricted cash		-		-		1,295		-			1,295
Mortgage loans held for sale, net		-		-		70,093		-			70,093
Mortgage loans held for investment, net		-		-		13,165		-			13,165
Other assets		-		-		8,265		(1,782	)		6,483
Total Financial Services Assets		-		-		103,228		(1,782	)		101,446
Total Assets	$	3,559,530	$	1,158,588	$	1,205,583	$	(2,294,449	)	$	3,629,252
LIABILITIES AND EQUITY
Homebuilding:
Accounts payable	$	12,044	$	17,457	$	7,646	$	-		$	37,147
Accrued liabilities and intercompany payables		165,301		800,765		626,130		(1,407,810	)		184,386
Secured project debt and other notes payable		35,119		-		6,015		(35,119	)		6,015
Senior notes payable		1,833,979		-		-		-			1,833,979
Total Homebuilding Liabilities		2,046,443		818,222		639,791		(1,442,929	)		2,061,527
Financial Services:
Accounts payable and other liabilities		-		-		14,425		(12,284	)		2,141
Mortgage credit facilities		-		-		52,497		-			52,497
Total Financial Services Liabilities		-		-		66,922		(12,284	)		54,638
Total Liabilities		2,046,443		818,222		706,713		(1,455,213	)		2,116,165
Equity:
Total Stockholders' Equity		1,513,087		340,366		498,870		(839,236	)		1,513,087
Total Liabilities and Equity	$	3,559,530	$	1,158,588	$	1,205,583	$	(2,294,449	)	$	3,629,252

	December 31, 2013
	Standard Pacific Corp.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
ASSETS
Homebuilding:
Cash and equivalents	$	175,289	$	494	$	179,706	$	-		$	355,489
Restricted cash		-		-		21,460		-			21,460
Trade, intercompany and other receivables		1,278,567		3,565		8,167		(1,275,868	)		14,431
Inventories:
Owned		804,099		1,012,841		719,162		-			2,536,102
Not owned		9,737		41,734		46,870		-			98,341
Investments in unconsolidated joint ventures		586		422		65,046		-			66,054
Investments in subsidiaries		810,340		-		-		(810,340	)		-
Deferred income taxes, net		379,313		-		-		(3,913	)		375,400
Other assets		38,024		5,478		2,475		-			45,977
Total Homebuilding Assets		3,495,955		1,064,534		1,042,886		(2,090,121	)		3,513,254
Financial Services:
Cash and equivalents		-		-		7,802		-			7,802
Restricted cash		-		-		1,295		-			1,295
Mortgage loans held for sale, net		-		-		122,031		-			122,031
Mortgage loans held for investment, net		-		-		12,220		-			12,220
Other assets		-		-		7,490		(1,987	)		5,503
Total Financial Services Assets		-		-		150,838		(1,987	)		148,851
Total Assets	$	3,495,955	$	1,064,534	$	1,193,724	$	(2,092,108	)	$	3,662,105
LIABILITIES AND EQUITY
Homebuilding:
Accounts payable	$	11,685	$	13,442	$	10,644	$	-		$	35,771
Accrued liabilities and intercompany payables		182,066		723,082		578,995		(1,269,877	)		214,266
Secured project debt and other notes payable		-		-		6,351		-			6,351
Senior notes payable		1,833,244		-		-		-			1,833,244
Total Homebuilding Liabilities		2,026,995		736,524		595,990		(1,269,877	)		2,089,632
Financial Services:
Accounts payable and other liabilities		-		-		14,537		(11,891	)		2,646
Mortgage credit facilities		-		-		100,867		-			100,867
Total Financial Services Liabilities		-		-		115,404		(11,891	)		103,513
Total Liabilities		2,026,995		736,524		711,394		(1,281,768	)		2,193,145
Equity:
Total Stockholders' Equity		1,468,960		328,010		482,330		(810,340	)		1,468,960
Total Liabilities and Equity	$	3,495,955	$	1,064,534	$	1,193,724	$	(2,092,108	)	$	3,662,105

Supplemental Condensed Consolidating Statements of Cash Flows [Table Text Block]

	Three Months Ended March 31, 2014
	Standard Pacific Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	$	(36,848	)	$	(88,166	)	$	7,451		$	-		$	(117,563	)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures		146			-			(2,933	)		-			(2,787	)
Distributions of capital from unconsolidated homebuilding joint ventures		-			229			14,579			-			14,808
Loan to parent		-			-			(35,000	)		35,000			-
Other investing activities		(284	)		(387	)		(1,064	)		-			(1,735	)
Net cash provided by (used in) investing activities		(138	)		(158	)		(24,418	)		35,000			10,286
Cash Flows From Financing Activities:
Change in restricted cash		-			-			(5,238	)		-			(5,238	)
Principal payments on secured project debt and other notes payable		-			-			(890	)		-			(890	)
Loan from subsidiary		35,000			-			-			(35,000	)		-
Net proceeds from (payments on) mortgage credit facilities		-			-			(48,370	)		-			(48,370	)
(Contributions to) distributions from Corporate and subsidiaries		(4,400	)		-			4,400			-			-
Proceeds from the exercise of stock options		3,596			-			-			-			3,596
Intercompany advances, net		(138,450	)		88,516			49,934			-			-
Net cash provided by (used in) financing activities		(104,254	)		88,516			(164	)		(35,000	)		(50,902	)
Net increase (decrease) in cash and equivalents		(141,240	)		192			(17,131	)		-			(158,179	)
Cash and equivalents at beginning of period		175,289			494			187,508			-			363,291
Cash and equivalents at end of period	$	34,049		$	686		$	170,377		$	-		$	205,112

	Three Months Ended March 31, 2013
	Standard Pacific Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments		Consolidated Standard Pacific Corp.
	(Dollars in thousands)
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	$	24,751		$	(44,388	)	$	(38,824	)	$	-	$	(58,461	)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures		(232	)		(26	)		(2,294	)		-		(2,552	)
Distributions of capital from unconsolidated homebuilding joint ventures		-			-			1,320			-		1,320
Other investing activities		(343	)		(192	)		166			-		(369	)
Net cash provided by (used in) investing activities		(575	)		(218	)		(808	)		-		(1,601	)
Cash Flows From Financing Activities:
Change in restricted cash		-			-			(662	)		-		(662	)
Principal payments on secured project debt and other notes payable		(6,804	)		-			(289	)		-		(7,093	)
Net proceeds from (payments on) mortgage credit facilities		-			-			1,117			-		1,117
Proceeds from the exercise of stock options		6,458			-			-			-		6,458
Intercompany advances, net		(60,509	)		44,641			15,868			-		-
Net cash provided by (used in) financing activities		(60,855	)		44,641			16,034			-		(180	)
Net increase (decrease) in cash and equivalents		(36,679	)		35			(23,598	)		-		(60,242	)
Cash and equivalents at beginning of period		154,722			114			191,719			-		346,555
Cash and equivalents at end of period	$	118,043		$	149		$	168,121		$	-	$	286,313