Note 16 - Supplemental Guarantor Information (Tables)

12 Months Ended

Dec. 31, 2014

Supplemental Guarantor Information [Abstract]

Supplemental Condensed Consolidating Statements of Operations [Table Text Block]

	Year Ended December 31, 2014
	Standard Pacific Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
Homebuilding:
Revenues	$	813,423		$	1,025,404		$	572,351		$	—		$	2,411,178
Cost of sales		(599,911	)		(779,578	)		(413,306	)		—			(1,792,795	)
Gross margin		213,512			245,826			159,045			—			618,383
Selling, general and administrative expenses		(101,020	)		(131,068	)		(43,773	)		—			(275,861	)
Income (loss) from unconsolidated joint ventures		(71	)		88			(685	)		—			(668	)
Equity income of subsidiaries		155,943			—			—			(155,943	)		—
Interest income (expense), net		13,718			(11,497	)		(2,221	)		—			—
Other income (expense)		(3,954	)		(469	)		2,690			—			(1,733	)
Homebuilding pretax income		278,128			102,880			115,056			(155,943	)		340,121
Financial Services:
Financial services pretax income		—			—			9,843			—			9,843
Income before taxes		278,128			102,880			124,899			(155,943	)		349,964
Provision for income taxes		(62,263	)		(40,469	)		(31,367	)		—			(134,099	)
Net income	$	215,865		$	62,411		$	93,532		$	(155,943	)	$	215,865

	Year Ended December 31, 2013
	Standard Pacific Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
Homebuilding:
Revenues	$	819,044		$	826,245		$	269,320		$	—		$	1,914,609
Cost of sales		(609,858	)		(632,733	)		(202,822	)		—			(1,445,413	)
Gross margin		209,186			193,512			66,498			—			469,196
Selling, general and administrative expenses		(94,819	)		(111,746	)		(24,126	)		—			(230,691	)
Income (loss) from unconsolidated joint ventures		1,369			(137	)		(283	)		—			949
Equity income of subsidiaries		81,140			—			—			(81,140	)		—
Interest income (expense), net		16,419			(11,651	)		(4,768	)		—			—
Other income (expense)		7,515			(321	)		(379	)		—			6,815
Homebuilding pretax income		220,810			69,657			36,942			(81,140	)		246,269
Financial Services:
Financial services pretax income		—			—			11,429			—			11,429
Income before income taxes		220,810			69,657			48,371			(81,140	)		257,698
Provision for income taxes		(32,095	)		(23,676	)		(13,212	)		—			(68,983	)
Net income	$	188,715		$	45,981		$	35,159		$	(81,140	)	$	188,715

	Year Ended December 31, 2012
	Standard Pacific Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
Homebuilding:
Revenues	$	518,040		$	580,419		$	138,499		$	—		$	1,236,958
Cost of sales		(408,569	)		(463,566	)		(121,149	)		—			(993,284	)
Gross margin		109,471			116,853			17,350			—			243,674
Selling, general and administrative expenses		(78,335	)		(81,490	)		(12,382	)		—			(172,207	)
Loss from unconsolidated joint ventures		(166	)		(659	)		(1,265	)		—			(2,090	)
Equity income of subsidiaries		13,314			—			—			(13,314	)		—
Interest income (expense), net		17,319			(17,052	)		(6,663	)		—			(6,396	)
Other income (expense)		4,695			194			(225	)		—			4,664
Homebuilding pretax income (loss)		66,298			17,846			(3,185	)		(13,314	)		67,645
Financial Services:
Financial services pretax income		—			—			10,542			—			10,542
Income before taxes		66,298			17,846			7,357			(13,314	)		78,187
Benefit (provision) for income taxes		465,123			(6,668	)		(5,221	)		—			453,234
Net income	$	531,421		$	11,178		$	2,136		$	(13,314	)	$	531,421

Supplemental Condensed Consolidating Balance Sheets [Table Text Block]

	December 31, 2014
	Standard Pacific Corp.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
ASSETS
Homebuilding:
Cash and equivalents	$	133,304		$	1,061	$	46,063	$	—		$	180,428
Restricted cash		—			—		38,222		—			38,222
Trade, intercompany and other receivables		1,645,356			4,379		191,268		(1,821,998	)		19,005
Inventories:
Owned		1,059,197			1,234,233		961,774		—			3,255,204
Not owned		17,360			28,520		39,273		—			85,153
Investments in unconsolidated joint ventures		(1,653	)		497		51,267		—			50,111
Investments in subsidiaries		957,933			—		—		(957,933	)		—
Deferred income taxes, net		283,890			—		—		(7,488	)		276,402
Other assets		34,094			6,855		1,643		—			42,592
Total Homebuilding Assets		4,129,481			1,275,545		1,329,510		(2,787,419	)		3,947,117
Financial Services:
Cash and equivalents		—			—		31,965		—			31,965
Restricted cash		—			—		1,295		—			1,295
Mortgage loans held for sale, net		—			—		174,420		—			174,420
Mortgage loans held for investment, net		—			—		14,380		—			14,380
Other assets		—			—		6,980		(1,737	)		5,243
Total Financial Services Assets		—			—		229,040		(1,737	)		227,303
Total Assets	$	4,129,481		$	1,275,545	$	1,558,550	$	(2,789,156	)	$	4,174,420
LIABILITIES AND EQUITY
Homebuilding:
Accounts payable	$	13,856		$	16,202	$	15,027	$	—		$	45,085
Accrued liabilities and intercompany payables		206,731			868,922		783,324		(1,635,194	)		223,783
Secured project debt and other notes payable		100,813			—		4,689		(100,813	)		4,689
Senior notes payable		2,131,393			—		—		—			2,131,393
Total Homebuilding Liabilities		2,452,793			885,124		803,040		(1,736,007	)		2,404,950
Financial Services:
Accounts payable and other liabilities		—			—		18,585		(15,216	)		3,369
Mortgage credit facilities		—			—		169,413		(80,000	)		89,413
Total Financial Services Liabilities		—			—		187,998		(95,216	)		92,782
Total Liabilities		2,452,793			885,124		991,038		(1,831,223	)		2,497,732
Equity:
Total Stockholders' Equity		1,676,688			390,421		567,512		(957,933	)		1,676,688
Total Liabilities and Equity	$	4,129,481		$	1,275,545	$	1,558,550	$	(2,789,156	)	$	4,174,420

	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]

	Year Ended December 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	$	(56,158	)	$	(118,941	)	$	(187,298	)	$	—		$	(362,397	)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures		—			—			(10,506	)		—			(10,506	)
Distributions of capital from unconsolidated homebuilding joint ventures		227			228			17,555			—			18,010
Net cash paid for acquisitions		—			(36,047	)		2,277			—			(33,770	)
Loan to parent and subsidiaries		—			—			(180,000	)		180,000			—
Other investing activities		(1,571	)		(1,351	)		(1,832	)		—			(4,754	)
Net cash provided by (used in) investing activities		(1,344	)		(37,170	)		(172,506	)		180,000			(31,020	)
Cash Flows From Financing Activities:
Change in restricted cash		—			—			(16,762	)		—			(16,762	)
Principal payments on secured project debt and other notes payable		—			—			(1,458	)		—			(1,458	)
Loan from subsidiary		100,000			—			—			(100,000	)		—
Principal payment on senior notes payable		(4,971	)		—			—			—			(4,971	)
Proceeds from the issuance of senior notes payable		300,000			—			—			—			300,000
Payment of debt issuance costs		(6,230	)		—			—			—			(6,230	)
Net proceeds from (payments on) mortgage credit facilities		—			—			68,546			(80,000	)		(11,454	)
(Contributions to) distributions from Corporate and subsidiaries		8,350			—			(8,350	)		—			—
Repurchases of common stock		(36,781	)		—			—			—			(36,781	)
Proceeds from the exercise of stock options		6,771			—			—			—			6,771
Excess tax benefits from share-based payment arrangements		13,404			—			—			—			13,404
Intercompany advances, net		(365,026	)		156,678			208,348			—			—
Net cash provided by (used in) financing activities		15,517			156,678			250,324			(180,000	)		242,519
Net increase (decrease) in cash and equivalents		(41,985	)		567			(109,480	)		—			(150,898	)
Cash and equivalents at beginning of year		175,289			494			187,508			—			363,291
Cash and equivalents at end of year	$	133,304		$	1,061		$	78,028		$	—		$	212,393

	Year Ended December 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	$	163,640		$	(172,687	)	$	(145,169	)	$	—	$	(154,216	)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures		(534	)		(50	)		(23,744	)		—		(24,328	)
Distributions of capital from unconsolidated homebuilding joint ventures		—			244			4,519			—		4,763
Net cash paid for acquisitions		—			(27,113	)		(89,149	)		—		(116,262	)
Other investing activities		(1,946	)		(3,768	)		(2,316	)		—		(8,030	)
Net cash provided by (used in) investing activities		(2,480	)		(30,687	)		(110,690	)		—		(143,857	)
Cash Flows From Financing Activities:
Change in restricted cash		—			—			6,565			—		6,565
Principal payments on secured project debt and other notes payable		(6,804	)		—			(1,530	)		—		(8,334	)
Proceeds from the issuance of senior notes payable		300,000			—			—			—		300,000
Payment of debt issuance costs		(5,316	)		—			—			—		(5,316	)
Net proceeds from (payments on) mortgage credit facilities		—			—			8,708			—		8,708
(Contributions to) distributions from Corporate and subsidiaries		(11,691	)		—			11,691			—		—
Payment of issuance costs in connection with preferred shareholder equity transactions		(350	)		—			—			—		(350	)
Proceeds from the exercise of stock options		13,536			—			—			—		13,536
Intercompany advances, net		(429,968	)		203,754			226,214			—		—
Net cash provided by (used in) financing activities		(140,593	)		203,754			251,648			—		314,809
Net increase (decrease) in cash and equivalents		20,567			380			(4,211	)		—		16,736
Cash and equivalents at beginning of year		154,722			114			191,719			—		346,555
Cash and equivalents at end of year	$	175,289		$	494		$	187,508		$	—	$	363,291

	Year Ended December 31, 2012
	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	$	97,150		$	(132,732	)	$	(221,934	)	$	(25,600	)	$	(283,116	)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures		(2,630	)		(180	)		(80,248	)		25,600			(57,458	)
Distributions of capital from unconsolidated homebuilding joint ventures		1,392			1,500			11,638			—			14,530
Net cash paid for acquisitions		—			—			(60,752	)		—			(60,752	)
Other investing activities		(1,429	)		(588	)		492			—			(1,525	)
Net cash provided by (used in) investing activities		(2,667	)		732			(128,870	)		25,600			(105,205	)
Cash Flows From Financing Activities:
Change in restricted cash		—			—			3,347			—			3,347
Principal payments on secured project debt and other notes payable		—			—			(866	)		—			(866	)
Principal payments on senior subordinated notes payable		(49,603	)		—			—			—			(49,603	)
Proceeds from the issuance of senior notes payable		253,000			—			—			—			253,000
Payment of debt issuance costs		(11,761	)		—			—			—			(11,761	)
Net proceeds from (payments on) mortgage credit facilities		—			—			45,351			—			45,351
Net proceeds from the issuance of common stock		71,847			—			—			—			71,847
(Contributions to) distributions from Corporate and subsidiaries		62,605			—			(62,605	)		—			—
Proceeds from the exercise of stock options		13,039			—			—			—			13,039
Intercompany advances, net		(345,645	)		131,938			213,707			—			—
Net cash provided by (used in) financing activities		(6,518	)		131,938			198,934			—			324,354
Net increase (decrease) in cash and equivalents		87,965			(62	)		(151,870	)		—			(63,967	)
Cash and equivalents at beginning of year		66,757			176			343,589			—			410,522
Cash and equivalents at end of year	$	154,722		$	114		$	191,719		$	—		$	346,555