Note 11 - Investments in Unconsolidated Land Development and Homebuilding Joint Ventures (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

Combined Statements of Operations for Unconsolidated Land Development and Homebuilding Joint Ventures [Table Text Block]

	Nine Months Ended September 30,
	2016			2015
	(Dollars in thousands)
	(Unaudited)
Revenues	$	27,426		$	22,350
Cost of sales and expenses		(17,791	)		(25,444	)
Income (loss) of unconsolidated joint ventures	$	9,635		$	(3,094	)
Income (loss) from unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations	$	2,643		$	(381	)

Combined Balance Sheets for Unconsolidated Land Development and Homebuilding Joint Ventures [Table Text Block]

	September 30,		December 31,
	2016		2015
	(Dollars in thousands)
	(Unaudited)
Assets:
Cash	$	33,799	$	34,893
Inventories		600,056		510,502
Other assets		11,872		14,540
Total assets	$	645,727	$	559,935
Liabilities and Equity:
Accounts payable and accrued liabilities	$	37,176	$	26,571
Non-recourse debt		30,683		33,704
CalAtlantic equity		159,214		130,750
Other members' equity		418,654		368,910
Total liabilities and equity	$	645,727	$	559,935
Investments in unconsolidated joint ventures reflected in the accompanying condensed consolidated balance sheets (1)	$	139,373	$	132,763