CalAtlantic (CAA) 10-Q 1 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	STANDARD PACIFIC CORP /DE/
Document Type	10-Q
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		275,371,821
Amendment Flag	FALSE
Entity Central Index Key	878560
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Homebuilding:
Home sale revenues	$468,379	$446,918
Land sale revenues	1,899	13,281
Total revenues	470,278	460,199
Cost of home sales	-354,817	-328,245
Cost of land sales	-1,356	-13,004
Total cost of sales	-356,173	-341,249
Gross margin	114,105	118,950
Selling, general and administrative expenses	-66,070	-58,590
Income (loss) from unconsolidated joint ventures	-451	-437
Other income (expense)	-296	-13
Homebuilding pretax income	47,288	59,910
Financial Services:
Revenues	4,919	4,984
Expenses	-4,101	-3,440
Other income	390	161
Financial services pretax income	1,208	1,705
Income before taxes	48,496	61,615
Provision for income taxes	-16,891	-23,456
Net income	31,605	38,159
Less: Net income allocated to preferred shareholder	-7,662	-9,147
Less: Net income allocated to unvested restricted stock	-67	-59
Net income available to common stockholders	$23,876	$28,953
Income Per Common Share:
Basic (in Dollars per share)	$0.09	$0.10
Diluted (in Dollars per share)	$0.08	$0.09
Weighted Average Common Shares Outstanding:
Basic (in Shares)	273,635,605	277,948,342
Diluted (in Shares)	310,391,822	315,894,969
Weighted average additional common shares outstanding if preferred shares converted to common shares (in Shares)	87,812,786	87,812,786
Total weighted average diluted common shares outstanding if preferred shares converted to common shares (in Shares)	398,204,608	403,707,755

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Homebuilding:
Cash and equivalents	$103,598	$212,393
Restricted cash	40,500
Investments in unconsolidated joint ventures	51,362	50,111
Total Assets	4,192,149	4,174,420
Owned	3,480,777	3,255,204
Not owned	50,856	85,153
Homebuilding:
Senior notes payable	2,132,229	2,131,393
Total Liabilities	2,503,794	2,497,732
Stockholders' Equity:
Preferred stock, $0.01 par value; 10,000,000 shares authorized; 267,829 shares issued and outstanding at March 31, 2015 and December 31, 2014	3	3
Common stock, $0.01 par value; 600,000,000 shares authorized; 274,390,765 and 275,141,189 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively	2,744	2,751
Additional paid-in capital	1,326,771	1,346,702
Accumulated earnings	358,837	327,232
Total Equity	1,688,355	1,676,688
Total Liabilities and Equity	4,192,149	4,174,420
Homebuilding [Member]
Homebuilding:
Cash and equivalents	80,926	180,428
Restricted cash	39,241	38,222
Trade and other receivables	25,970	19,005
Investments in unconsolidated joint ventures	51,362	50,111
Deferred income taxes, net of valuation allowance of $1,375 and $2,561 at March 31, 2015 and December 31, 2014, respectively	273,678	276,402
Other assets	39,872	42,592
Total Assets	4,042,682	3,947,117
Owned	3,480,777	3,255,204
Not owned	50,856	85,153
Homebuilding:
Accounts payable	58,564	45,085
Accrued liabilities	199,846	223,783
Revolving credit facility	15,000
Secured project debt and other notes payable	4,378	4,689
Senior notes payable	2,132,229	2,131,393
Total Liabilities	2,410,017	2,404,950
Financial Services [Member]
Homebuilding:
Cash and equivalents	22,672	31,965
Restricted cash	1,295	1,295
Mortgage loans held for sale, net	98,692	174,420
Mortgage loans held for investment, net	18,518	14,380
Other assets	8,290	5,243
Total Assets	149,467	227,303
Homebuilding:
Accounts payable and other liabilities	2,240	3,369
Mortgage credit facilities	91,537	89,413
Total Liabilities	$93,777	$92,782

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
Deferred income taxes, valuation allowance (in Dollars)	$1,400
Preferred stock, Par value (in Dollars per share)	$0.01	$0.01
Preferred stock, Shares authorized	10,000,000	10,000,000
Preferred stock, Shares issued	267,829	267,829
Preferred stock, Shares outstanding	267,829	267,829
Common stock, Par value (in Dollars per share)	$0.01	$0.01
Common stock, Shares authorized	600,000,000	600,000,000
Common stock, Shares issued	274,390,765	275,141,189
Common stock, Shares outstanding	274,390,765	275,141,189
Homebuilding [Member]
Deferred income taxes, valuation allowance (in Dollars)	$1,375	$2,561

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash Flows From Operating Activities:
Net income	$31,605	$38,159
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
(Income) loss from unconsolidated joint ventures	451	437
Depreciation and amortization	1,422	1,178
Loss on disposal of property and equipment	19	1
Amortization of stock-based compensation	2,695	2,372
Excess tax benefits from share-based payment arrangements	-3,369
Deferred income tax provision	16,874	23,622
Changes in cash and equivalents due to:
Trade and other receivables	-7,008	-17,549
Mortgage loans held for sale	75,724	51,938
Inventories - owned	-199,972	-188,759
Inventories - not owned	-5,878	-8,165
Other assets	76	-833
Accounts payable	13,479	1,376
Accrued liabilities	-20,189	-21,340
Net cash provided by (used in) operating activities	-94,071	-117,563
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures	-7,639	-2,787
Distributions of capital from unconsolidated joint ventures	5,732	14,808
Other investing activities	-5,977	-1,735
Net cash provided by (used in) investing activities	-7,884	10,286
Cash Flows From Financing Activities:
Change in restricted cash	-1,019	-5,238
Borrowings from revolving credit facility	27,700
Principal payments on revolving credit facility	-12,700
Principal payments on secured project debt and other notes payable	-311	-890
Net proceeds from (payments on) mortgage credit facilities	2,124	-48,370
Repurchases of common stock	-22,073
Issuance of common stock under employee stock plans	-3,930	3,596
Excess tax benefits from share-based payment arrangements	3,369
Net cash provided by (used in) financing activities	-6,840	-50,902
Net increase (decrease) in cash and equivalents	-108,795	-158,179
Cash and equivalents at beginning of period	212,393	363,291
Cash and equivalents at end of year	103,598	205,112
Homebuilding restricted cash at end of period	39,241	26,698
Financial services restricted cash at end of period	1,295	1,295
Cash and equivalents and restricted cash at end of period	$144,134	$233,105

Note_1_Basis_of_Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Basis of Accounting [Text Block]	1	Basis of Presentation
	The accompanying condensed consolidated financial statements include the accounts of Standard Pacific Corp. and its wholly owned subsidiaries and have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") for Form 10-Q. Certain information normally included in the annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") has been omitted pursuant to applicable rules and regulations. In the opinion of management, the unaudited condensed consolidated financial statements included herein reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly our financial position as of March 31, 2015 and the results of operations and cash flows for the periods presented.
	The unaudited condensed consolidated financial statements included herein should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2014. Unless the context otherwise requires, the terms "we," "us," "our" and "the Company" refer to Standard Pacific Corp. and its subsidiaries. The results of operations for interim periods are not necessarily indicative of results to be expected for the full year.

Note_2_Recent_Accounting_Prono

Note 2 - Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2015
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements [Text Block]	2	Recent Accounting Pronouncements
	In January 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-04, Receivables - Troubled Debt Restructurings by Creditors ("ASU 2014-04"), which clarifies when an in-substance repossession or foreclosure of residential real estate property collateralizing a consumer mortgage loan has occurred. By doing so, this guidance helps determine when the creditor should derecognize the loan receivable and recognize the real estate property. For public companies, ASU 2014-04 is effective prospectively for interim and annual periods beginning after December 15, 2014. Our adoption of ASU 2014-04 on January 1, 2015 did not have an effect on our condensed consolidated financial statements.
	In April 2014, the FASB issued ASU No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity ("ASU 2014-08"). The amendments in ASU 2014-08 change the criteria for reporting discontinued operations while enhancing disclosures in this area. The new guidance requires expanded disclosures about discontinued operations, including more information about the assets, liabilities, income, and expenses of discontinued operations. The new guidance also requires disclosure of the pre-tax income attributable to a disposal of a significant part of an organization that does not qualify for discontinued operations reporting. For public companies, the amendments in ASU 2014-08 are effective prospectively for interim and annual periods beginning after December 15, 2014. Our adoption of ASU 2014-08 on January 1, 2015 did not have an effect on our condensed consolidated financial statements.
	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers ("ASU 2014-09"), which supersedes existing accounting literature relating to how and when a company recognizes revenue.  Under ASU 2014-09, a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods and services.  For public companies, the amendments in ASU 2014-09 are effective for interim and annual reporting periods beginning after December 15, 2016, and are to be applied either with a full retrospective or modified retrospective approach, with early application not permitted.  We are currently evaluating the impact the adoption will have on our condensed consolidated financial statements and related disclosures.
	In June 2014, the FASB issued ASU No. 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period ("ASU 2014-12"), which requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. A reporting entity should apply existing guidance in ASC Topic 718, Compensation — Stock Compensation ("ASC 718"), as it relates to awards with performance conditions that affect vesting to account for such awards. The amendments in ASU 2014-12 are effective for interim and annual periods beginning after December 15, 2015. Early adoption is permitted. Our adoption of ASU 2014-12 is not expected to have a material effect on our condensed consolidated financial statements and related disclosures.
	In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties About an Entity's Ability to Continue as a Going Concern, ("ASU 2014-15"), which requires management to perform interim and annual assessments on whether there are conditions or events that raise substantial doubt about the entity's ability to continue as a going concern within one year of the date the financial statements are issued and to provide related disclosures, if required. The amendments in ASU 2014-15 are effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter. Early adoption is permitted. Our adoption of ASU 2014-15 is not expected to have a material effect on our condensed consolidated financial statements and related disclosures.
	In February 2015, the FASB issued ASU No. 2015-02, Amendments to the Consolidation Analysis, ("ASU 2015-02"), which changes the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. The amendments in ASU 2015-02 are effective for interim and annual periods beginning after December 15, 2015. Early adoption is permitted. Our adoption of ASU 2015-02 is not expected to have a material effect on our condensed consolidated financial statements and related disclosures.
	In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, ("ASU 2015-03"), which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The amendments in ASU 2015-03 are effective for interim and annual periods beginning after December 15, 2015. Early adoption is permitted. Our adoption of ASU 2015-03 is not expected to have a material effect on our condensed consolidated financial statements.

Note_3_Segment_Reporting

Note 3 - Segment Reporting	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	3	Segment Reporting
	We operate two principal businesses: homebuilding and financial services.
	Our homebuilding operations acquire and develop land and construct and sell single-family attached and detached homes. In accordance with the aggregation criteria defined in ASC Topic 280, Segment Reporting, our homebuilding operating segments have been grouped into three reportable segments: California; Southwest, consisting of our operating divisions in Arizona, Texas, Colorado and Nevada; and Southeast, consisting of our operating divisions in Florida and the Carolinas.
	Our mortgage financing operation provides mortgage financing to many of our homebuyers in substantially all of the markets in which we operate, and sells substantially all of the loans it originates in the secondary mortgage market. Our title services operation provides title examinations for our homebuyers in Texas and Florida. Our mortgage financing and title services operations are included in our financial services reportable segment, which is separately reported in our condensed consolidated financial statements under "Financial Services."
	Corporate is a non-operating segment that develops and implements strategic initiatives and supports our operating segments by centralizing key administrative functions such as accounting, finance and treasury, information technology, insurance and risk management, litigation, marketing and human resources. Corporate also provides the necessary administrative functions to support us as a publicly traded company. All of the expenses incurred by Corporate are allocated to each of our operating segments based on their respective percentage of revenues.
	Segment financial information relating to the Company’s homebuilding operations was as follows:
			Three Months Ended March 31,
			2015		2014
			(Dollars in thousands)
	Homebuilding revenues:
	California		$	185,621	$	219,479
	Southwest			138,208		107,207
	Southeast			146,449		133,513
	Total homebuilding revenues		$	470,278	$	460,199
	Homebuilding pretax income:
	California		$	25,098	$	38,553
	Southwest			11,797		10,058
	Southeast			10,393		11,299
	Total homebuilding pretax income		$	47,288	$	59,910
	Segment financial information relating to the Company’s homebuilding assets was as follows:
			March 31,		December 31,
			2015		2014
			(Dollars in thousands)
	Homebuilding assets:
	California		$	1,607,808	$	1,542,584
	Southwest			877,207		826,489
	Southeast			1,138,482		1,060,343
	Corporate			419,185		517,701
	Total homebuilding assets		$	4,042,682	$	3,947,117

Note_4_Earnings_Per_Common_Sha

Note 4 - Earnings Per Common Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	4	Earnings Per Common Share
	We compute earnings per share in accordance with ASC Topic 260, Earnings per Share ("ASC 260"), which requires earnings per share for each class of stock (common stock and participating preferred stock) to be calculated using the two-class method. The two-class method is an allocation of earnings between the holders of common stock and a company's participating security holders. Under the two-class method, earnings for the reporting period are allocated between common shareholders and other security holders based on their respective participation rights in undistributed earnings. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and, therefore, are included in computing earnings per share pursuant to the two-class method.
	Basic earnings per common share is computed by dividing income or loss available to common stockholders by the weighted average number of shares of basic common stock outstanding. Our Series B junior participating convertible preferred stock ("Series B Preferred Stock"), which is convertible into shares of our common stock at the holder’s option (subject to a limitation based upon voting interest), and our unvested restricted stock, are classified as participating securities in accordance with ASC 260. Net income allocated to the holders of our Series B Preferred Stock and unvested restricted stock is calculated based on the shareholders’ proportionate share of weighted average shares of common stock outstanding on an if-converted basis.
	For purposes of determining diluted earnings per common share, basic earnings per common share is further adjusted to include the effect of potential dilutive common shares outstanding, including stock options, stock appreciation rights, performance share awards and unvested restricted stock using the more dilutive of either the two-class method or the treasury stock method, and Series B Preferred Stock and convertible debt using the if-converted method. Under the two-class method of calculating diluted earnings per share, net income is reallocated to common stock, the Series B Preferred stock and all dilutive securities based on the contractual participating rights of the security to share in the current earnings as if all of the earnings for the period had been distributed. In the computation of diluted earnings per share, the two-class method and if-converted method for the Series B Preferred Stock resulted in the same earnings per share amounts as the holder of the Series B Preferred Stock has the same economic rights as the holders of the common stock.
	The following table sets forth the components used in the computation of basic and diluted earnings per common share.
			Three Months Ended March 31,
			2015			2014
			(Dollars in thousands, except per share amounts)
	Numerator:
	Net income		$	31,605		$	38,159
	Less: Net income allocated to preferred shareholder			(7,662	)		(9,147	)
	Less: Net income allocated to unvested restricted stock			(67	)		(59	)
	Net income available to common stockholders for basic earnings per common share			23,876			28,953
	Effect of dilutive securities:
	Net income allocated to preferred shareholder			7,662			9,147
	Interest on 1¼% convertible senior notes due 2032, included in cost of sales			41			41
	Net income available to common and preferred stock for diluted earnings per share		$	31,579		$	38,141
	Denominator:
	Weighted average basic common shares outstanding			273,635,605			277,948,342
	Weighted average additional common shares outstanding if preferred shares converted to common shares (if dilutive)			87,812,786			87,812,786
	Total weighted average common shares outstanding if preferred shares converted to common shares			361,448,391			365,761,128
	Effect of dilutive securities:
	Share-based awards			5,443,367			6,633,777
	1¼% convertible senior notes due 2032			31,312,850			31,312,850
	Weighted average diluted shares outstanding			398,204,608			403,707,755
	Income per common share:
	Basic		$	0.09		$	0.1
	Diluted		$	0.08		$	0.09

Note_5_Stockbased_Compensation

Note 5 - Stock-based Compensation	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	5	Stock-Based Compensation
	We account for share-based awards in accordance with ASC 718 which requires that the cost resulting from all share-based payment transactions be recognized in the financial statements. ASC 718 requires all entities to apply a fair value-based measurement method in accounting for share-based payment transactions with employees except for equity instruments held by employee share ownership plans.
	Total compensation expense recognized related to stock-based compensation was $2.7 million and $2.4 million for the three months ended March 31, 2015 and 2014, respectively. As of March 31, 2015, total unrecognized stock-based compensation expense was $11.6 million, with a weighted average period over which the remaining unrecognized compensation expense is expected to be recorded of approximately 1.9 years.

Note_6_Restricted_Cash

Note 6 - Restricted Cash	3 Months Ended
	Mar. 31, 2015
Restricted Cash And Cash Equivalents [Abstract]
Restricted Cash And Cash Equivalents [Text Block]	6	Restricted Cash
	At March 31, 2015, restricted cash included $40.5 million of cash held in cash collateral accounts primarily related to certain letters of credit that have been issued and a portion related to our financial services subsidiary mortgage credit facilities ($39.2 million of homebuilding restricted cash and $1.3 million of financial services restricted cash).

Note_7_Inventories

Note 7 - Inventories	3 Months Ended
	Mar. 31, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	7	Inventories
		a.	Inventories Owned
	Inventories owned consisted of the following at:
			31-Mar-15
			California		Southwest		Southeast		Total
			(Dollars in thousands)
	Land and land under development		$	1,032,490	$	515,054	$	739,460	$	2,287,004
	Homes completed and under construction			405,140		294,396		308,317		1,007,853
	Model homes			83,047		43,090		59,783		185,920
	Total inventories owned		$	1,520,677	$	852,540	$	1,107,560	$	3,480,777
			31-Dec-14
			California		Southwest		Southeast		Total
			(Dollars in thousands)
	Land and land under development		$	1,021,585	$	504,538	$	722,166	$	2,248,289
	Homes completed and under construction			318,982		250,498		258,132		827,612
	Model homes			81,763		44,437		53,103		179,303
	Total inventories owned		$	1,422,330	$	799,473	$	1,033,401	$	3,255,204
	In accordance with ASC Topic 360, Property, Plant, and Equipment ("ASC 360"), we record impairment losses on inventories when events and circumstances indicate that they may be impaired, and the future undiscounted cash flows estimated to be generated by those assets are less than their carrying amounts. Inventories that are determined to be impaired are written down to their estimated fair value. We calculate the fair value of a project under a land residual value analysis and in certain cases in conjunction with a discounted cash flow analysis. As of March 31, 2015 and 2014, the total active and future projects that we owned were 367 and 361, respectively.  During the three months ended March 31, 2015 and 2014, we reviewed all projects for indicators of impairment and based on our review we did not record any inventory impairments during these periods.
	b. Inventories Not Owned
	Inventories not owned consisted of the following at:
			March 31,		December 31,
			2015		2014
			(Dollars in thousands)
	Land purchase and lot option deposits		$	46,323	$	47,472
	Other lot option contracts, net of deposits			4,533		37,681
	Total inventories not owned		$	50,856	$	85,153
	Under ASC Topic 810, Consolidation ("ASC 810"), a non-refundable deposit paid to an entity is deemed to be a variable interest that will absorb some or all of the entity’s expected losses if they occur. Our land purchase and lot option deposits generally represent our maximum exposure to the land seller if we elect not to purchase the optioned property. In some instances, we may also expend funds for due diligence, development and construction activities with respect to optioned land prior to takedown. Such costs are classified as inventories owned, which we would have to absorb should we not exercise the option. Therefore, whenever we enter into a land option or purchase contract with an entity and make a non-refundable deposit, a variable interest entity ("VIE") may have been created. In accordance with ASC 810, we perform ongoing reassessments of whether we are the primary beneficiary of a VIE. As of March 31, 2015 and December 31, 2014, we had consolidated $1.4 million and $7.6 million, respectively, within inventories not owned (with a corresponding increase in accrued liabilities) related to land option and purchase contracts where we were deemed to be the primary beneficiary of a VIE.
	Other lot option contracts also included $3.1 million, as of March 31, 2015 and December 31, 2014, of purchase price allocated in connection with a business acquisition during the 2013 second quarter, and $27.0 million as of December 31, 2014 related to a land purchase contract where we made a significant deposit and as a result we were deemed to be economically compelled to purchase the land.

Note_8_Capitalization_of_Inter

Note 8 - Capitalization of Interest	3 Months Ended
	Mar. 31, 2015
Home Building Interest [Abstract]
Home Building Interest [Text Block]	8	Capitalization of Interest
	We follow the practice of capitalizing interest to inventories owned during the period of development and to investments in unconsolidated homebuilding and land development joint ventures in accordance with ASC Topic 835, Interest ("ASC 835"). Homebuilding interest capitalized as a cost of inventories owned is included in cost of sales as related units or lots are sold. Interest capitalized to investments in unconsolidated homebuilding and land development joint ventures is included as a reduction of income from unconsolidated joint ventures when the related homes or lots are sold to third parties. Interest capitalized to investments in unconsolidated land development joint ventures is transferred to inventories owned if the underlying lots are purchased by us. To the extent our debt exceeds our qualified assets as defined in ASC 835, we expense a portion of the interest incurred by us. Qualified assets represent projects that are actively selling or under development as well as investments in unconsolidated joint ventures. During the three months ended March 31, 2015 and 2014, our qualified assets exceeded our debt, and as a result, all of our homebuilding interest incurred during the three months ended March 31, 2015 and 2014 was capitalized in accordance with ASC 835.
	The following is a summary of homebuilding interest capitalized to inventories owned and investments in unconsolidated joint ventures, amortized to cost of sales and income (loss) from unconsolidated joint ventures and expensed as interest expense, for the three months ended March 31, 2015 and 2014:
			Three Months Ended March 31,
			2015			2014
			(Dollars in thousands)
	Total interest incurred		$	41,803		$	38,786
	Less: Interest capitalized to inventories owned			(41,401	)		(38,213	)
	Less: Interest capitalized to investments in unconsolidated joint ventures			(402	)		(573	)
	Interest expense		$	-		$	-
	Interest previously capitalized to inventories owned, included in cost of home sales		$	22,395		$	24,368
	Interest previously capitalized to inventories owned, included in cost of land sales		$	243		$	615
	Interest previously capitalized to investments in unconsolidated joint ventures, included in income (loss) from unconsolidated joint ventures		$	-		$	30
	Interest capitalized in ending inventories owned (1)		$	294,370		$	257,981
	Interest capitalized as a percentage of inventories owned			8.5	%		9.4	%
	Interest capitalized in ending investments in unconsolidated joint ventures (1)		$	1,067		$	1,511
	Interest capitalized as a percentage of investments in unconsolidated joint ventures			2.1	%		3	%
		-1	During the three months ended March 31, 2014, in connection with lot purchases from our joint ventures, $4.0 million of capitalized interest was transferred from investments in unconsolidated joint ventures to inventories owned.

Note_9_Investments_in_Unconsol

Note 9 - Investments in Unconsolidated Land Development and Homebuilding Joint Ventures	3 Months Ended
	Mar. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	9	Investments in Unconsolidated Land Development and Homebuilding Joint Ventures
	The table set forth below summarizes the condensed combined statements of operations for our unconsolidated land development and homebuilding joint ventures that we account for under the equity method:
			Three Months Ended March 31,
			2015			2014
			(Dollars in thousands)
	Revenues		$	-		$	31,224
	Cost of sales and expenses			(2,845	)		(33,321	)
	Income (loss) of unconsolidated joint ventures		$	(2,845	)	$	(2,097	)
	Income (loss) from unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations		$	(451	)	$	(437	)
	Income (loss) from unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations represents our share of the income (loss) of our unconsolidated land development and homebuilding joint ventures, which is allocated based on the provisions of the underlying joint venture operating agreements less any additional impairments recorded against our investments in joint ventures which we do not deem recoverable. In addition, we defer recognition of our share of income that relates to lots purchased by us from land development joint ventures until we ultimately sell the homes to be constructed to third parties, at which time we account for these earnings as a reduction of the cost basis of the lots purchased from these joint ventures. For the three months ended March 31, 2015 and 2014, income (loss) from unconsolidated joint ventures was primarily attributable to our share of income (loss) related to our California joint ventures, which was allocated based on the provisions of the underlying joint venture operating agreements.
	During each of the three months ended March 31, 2015 and 2014, all of our investments in unconsolidated joint ventures were reviewed for impairment. Based on the impairment review, no joint venture projects were determined to be impaired for the three months ended March 31, 2015 or 2014.
	The table set forth below summarizes the condensed combined balance sheets for our unconsolidated land development and homebuilding joint ventures that we accounted for under the equity method:
			March 31,			December 31,
			2015			2014
			(Dollars in thousands)
	Assets:
	Cash		$	33,270		$	29,472
	Inventories			193,740			197,727
	Other assets			13,492			10,372
	Total assets		$	240,502		$	237,571
	Liabilities and Equity:
	Accounts payable and accrued liabilities		$	15,010		$	16,173
	Non-recourse debt			30,000			30,000
	Standard Pacific equity			55,545			54,347
	Other members' equity			139,947			137,051
	Total liabilities and equity		$	240,502		$	237,571
	Investments in unconsolidated joint ventures reflected in the accompanying condensed consolidated balance sheets		$	51,362		$	50,111
	In some cases our net investment in these unconsolidated joint ventures is not equal to our proportionate share of equity reflected in the table above primarily because of differences between asset impairments that we recorded in prior periods against our joint venture investments and the impairments recorded by the applicable joint venture. As of March 31, 2015 and December 31, 2014, substantially all of our investments in unconsolidated joint ventures were in California. Our investments in unconsolidated joint ventures also included approximately $1.1 million and $0.7 million of homebuilding interest capitalized to investments in unconsolidated joint ventures as of March 31, 2015 and December 31, 2014, respectively, which capitalized interest is not included in the condensed combined balance sheets above.
	Our investments in these unconsolidated joint ventures may represent a variable interest in a VIE depending on, among other things, the economic interests of the members of the entity and the contractual terms of the arrangement. We analyze all of our unconsolidated joint ventures under the provisions of ASC 810 to determine whether these entities are deemed to be VIEs, and if so, whether we are the primary beneficiary. As of March 31, 2015, all of our homebuilding and land development joint ventures with unrelated parties were determined under the provisions of ASC 810 to be unconsolidated joint ventures either because they were not deemed to be VIEs and we did not have a controlling interest, or, if they were a VIE, we were not deemed to be the primary beneficiary.

Note_10_Warranty_Costs

Note 10 - Warranty Costs	3 Months Ended
	Mar. 31, 2015
Product Warranties Disclosures [Abstract]
Product Warranty Disclosure [Text Block]	10	Warranty Costs
	Estimated future direct warranty costs are accrued and charged to cost of sales in the period when the related homebuilding revenues are recognized. Amounts accrued are based upon historical experience. Indirect warranty overhead salaries and related costs are charged to cost of sales in the period incurred. We assess the adequacy of our warranty accrual on a quarterly basis and adjust the amounts recorded if necessary. Our warranty accrual is included in accrued liabilities in the accompanying condensed consolidated balance sheets.
	Changes in our warranty accrual are detailed in the table set forth below:
			Three Months Ended March 31,
			2015			2014
			(Dollars in thousands)
	Warranty accrual, beginning of the period		$	13,584		$	13,811
	Warranty costs accrued during the period			1,775			1,183
	Warranty costs paid during the period			(2,320	)		(1,361	)
	Warranty accrual, end of the period		$	13,039		$	13,633

Note_11_Revolving_Credit_Facil

Note 11 - Revolving Credit Facility and Letter of Credit Facilities	3 Months Ended
	Mar. 31, 2015
Lineof Credit Facility [Abstract]
Lineof Credit Facility [Text Block]	11	Revolving Credit Facility and Letter of Credit Facilities
	As of March 31, 2015, we were party to a $450 million unsecured revolving credit facility (the "Revolving Facility") which matures in July 2018. The Revolving Facility has an accordion feature under which the aggregate commitment may be increased to a maximum amount of $750 million, subject to the availability of additional bank commitments and certain other conditions. As of March 31, 2015, the Revolving Facility contained financial covenants, including, but not limited to, (i) a minimum consolidated tangible net worth covenant; (ii) a covenant to maintain either (a) a minimum liquidity level or (b) a minimum interest coverage ratio; (iii) a maximum net homebuilding leverage ratio and (iv) a maximum land not under development to tangible net worth ratio. This facility also contains a limitation on our investments in joint ventures. Interest rates charged under the Revolving Facility include LIBOR and prime rate pricing options. As of March 31, 2015, we satisfied the conditions that would allow us to borrow up to $450 million under the facility, of which $15 million in borrowings was outstanding, with $435 million of remaining availability.
	As of March 31, 2015, we were party to five committed letter of credit facilities totaling $58 million, of which $37.9 million was outstanding. These facilities require cash collateralization and have maturity dates ranging from October 2015 to October 2017. As of March 31, 2015, these facilities were secured by cash collateral deposits of $38.5 million. Upon maturity, we may renew or enter into new letter of credit facilities with the same or other financial institutions.

Note_12_Secured_Project_Debt_a

Note 12 - Secured Project Debt and Other Notes Payable	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	12	Secured Project Debt and Other Notes Payable
	Our secured project debt and other notes payable consist of seller non-recourse financing and community development district and similar assessment district bond financings used to finance land acquisition, development and infrastructure costs for which we are responsible. At March 31, 2015, we had approximately $4.4 million outstanding in secured project debt and other notes payable.

Note_13_Senior_Notes_Payable

Note 13 - Senior Notes Payable	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Long-term Debt [Text Block]	13	Senior Notes Payable
	Senior notes payable consisted of the following at:
			March 31,		December 31,
			2015		2014
			(Dollars in thousands)
	7% Senior Notes due August 2015		$	29,789	$	29,789
	10¾% Senior Notes due September 2016, net of discount			273,655		272,684
	8⅜% Senior Notes due May 2018, net of premium			578,066		578,278
	8⅜% Senior Notes due January 2021, net of discount			397,719		397,642
	6¼% Senior Notes due December 2021			300,000		300,000
	5⅞% Senior Notes due November 2024			300,000		300,000
	1¼% Convertible Senior Notes due August 2032			253,000		253,000
			$	2,132,229	$	2,131,393
	The senior notes payable described above are all senior obligations and rank equally with our other existing senior indebtedness and, with the exception of our 1¼% Convertible Senior Notes, are redeemable at our option, in whole or in part, pursuant to a "make whole" formula. These notes contain various restrictive covenants.  Our 10¾% Senior Notes due 2016 contain our most restrictive covenants, including a limitation on additional indebtedness and a limitation on restricted payments.  Outside of the specified categories of indebtedness that are carved out of the additional indebtedness limitation (including a carve-out for up to $1.1 billion in credit facility indebtedness), the Company must satisfy at least one of two conditions (either a maximum leverage condition or a minimum interest coverage condition) to incur additional indebtedness.  The Company must also satisfy at least one of these two conditions to make restricted payments.  Restricted payments include dividends, stock repurchases and investments in and advances to our joint ventures and other unrestricted subsidiaries.  Our ability to make restricted payments is also subject to a basket limitation (as defined in the indentures).  As of March 31, 2015, we were able to incur additional indebtedness and make restricted payments because we satisfied both conditions. Many of our 100% owned direct and indirect subsidiaries (collectively, the "Guarantor Subsidiaries") guaranty our outstanding senior notes. The guarantees are full and unconditional, and joint and several. The indentures further provide that a Guarantor Subsidiary will be released and relieved of any obligations under its note guarantee in the event (i) of a sale or other disposition (whether by merger, stock purchase, asset sale or otherwise) of a Guarantor Subsidiary to an entity which is not Standard Pacific Corp. or a Guarantor Subsidiary; (ii) the requirements for legal defeasance or covenant defeasance have been satisfied; (iii) a Guarantor Subsidiary ceases to be a restricted subsidiary as the result of the Company owning less than 80% of such Guarantor Subsidiary; (iv) a Guarantor Subsidiary ceases to guarantee all other public notes of the Company; or (v) a Guarantor Subsidiary is designated as an Unrestricted Subsidiary under the indentures for covenant purposes. Please see Note 20 for supplemental financial statement information about our guarantor subsidiaries group and non-guarantor subsidiaries group.
	The 1¼% Convertible Senior Notes due 2032 (the "Convertible Notes") will mature on August 1, 2032, unless earlier converted, redeemed or repurchased. The holders may at any time convert their Convertible Notes into shares of the Company's common stock at an initial conversion rate of 123.7662 shares of common stock per $1,000 principal amount of Convertible Notes (which is equal to an initial conversion price of approximately $8.08 per share), subject to adjustment. On or after August 5, 2017, the Company may redeem for cash all or part of the Convertible Notes at a redemption price equal to 100% of the principal amount of the Convertible Notes being redeemed. On each of August 1, 2017, August 1, 2022 and August 1, 2027, holders of the Convertible Notes may require the Company to purchase all or any portion of their Convertible Notes for cash at a price equal to 100% of the principal amount of the Convertible Notes to be repurchased.

Note_14_Preferred_Stock

Note 14 - Preferred Stock	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block Supplement [Abstract]
Preferred Stock [Text Block]	14	Preferred Stock
	Our Series B Preferred Stock is convertible at the holder’s option into shares of our common stock provided that no holder, with its affiliates, may beneficially own total voting power of our voting stock in excess of 49%. The number of shares of common stock into which our Series B Preferred Stock is convertible is determined by dividing $1,000 by the applicable conversion price ($3.05, subject to customary anti-dilution adjustments) plus cash in lieu of fractional shares. The Series B Preferred Stock also mandatorily converts into our common stock upon its sale, transfer or other disposition by MP CA Homes LLC ("MatlinPatterson") or its affiliates to an unaffiliated third party. The Series B Preferred Stock votes together with our common stock on all matters upon which holders of our common stock are entitled to vote. Each share of Series B Preferred Stock is entitled to such number of votes as the number of shares of our common stock into which such share of Series B Preferred Stock is convertible, provided that the aggregate votes attributable to such shares with respect to any holder of Series B Preferred Stock (including its affiliates), taking into consideration any other voting securities of the Company held by such stockholder, cannot exceed more than 49% of the total voting power of the voting stock of the Company. Shares of Series B Preferred Stock are entitled to receive only those dividends declared and paid on the common stock.
	At March 31, 2015, MatlinPatterson owned 267,829 shares of Series B Preferred Stock, which are convertible into 87.8 million shares of our common stock. MatlinPatterson also owned 126.4 million shares of our common stock. As of March 31, 2015, the outstanding shares of Series B Preferred Stock on an as converted basis plus the common stock owned by MatlinPatterson represented approximately 59% of the total number of shares of our common stock outstanding on an if-converted basis.

Note_15_Mortgage_Credit_Facili

Note 15 - Mortgage Credit Facilities	3 Months Ended
	Mar. 31, 2015
Disclosure Of Warehouse Agreement Borrowings [Abstract]
Disclosure Of Warehouse Agreement Borrowings [Text Block]	15	Mortgage Credit Facilities
	At March 31, 2015, we had $91.5 million outstanding under our mortgage financing subsidiary’s mortgage credit facilities. These mortgage credit facilities consist of a $125 million repurchase facility with one lender, maturing in May 2015, and a $75 million repurchase facility with another lender, maturing in October 2015. These facilities require Standard Pacific Mortgage to maintain cash collateral accounts, which totaled $1.3 million as of March 31, 2015, and also contain financial covenants which require Standard Pacific Mortgage to, among other things, maintain a minimum level of tangible net worth, not to exceed a debt to tangible net worth ratio, maintain a minimum liquidity amount based on a measure of total assets (inclusive of the cash collateral requirement), and satisfy pretax income (loss) requirements. As of March 31, 2015, Standard Pacific Mortgage was in compliance with the financial and other covenants contained in these facilities.
	Standard Pacific Mortgage is currently negotiating an extension for the $125 million repurchase
	facility which matures on May 11, 2015.

Note_16_Disclosures_about_Fair

Note 16 - Disclosures about Fair Value	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	16	Disclosures about Fair Value
	ASC Topic 820, Fair Value Measurements and Disclosures ("ASC 820"), establishes a framework for measuring fair value, expands disclosures regarding fair value measurements and defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Further, ASC 820 requires us to maximize the use of observable market inputs, minimize the use of unobservable market inputs and disclose in the form of an outlined hierarchy the details of such fair value measurements. ASC 820 specifies a hierarchy of valuation techniques based on whether the inputs to a fair value measurement are considered to be observable or unobservable in a marketplace. The three levels of the hierarchy are as follows:
	•     Level 1 – quoted prices for identical assets or liabilities in active markets;
	•     Level 2 – quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and
	•     Level 3 – valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.
	The following table presents the Company’s financial instruments measured at fair value on a recurring basis:
				Fair Value at
	Description		Fair Value Hierarchy	March 31,		December 31,
				2015		2014
				(Dollars in thousands)
	Mortgage loans held for sale		Level 2	$	101,019	$	176,511
	Mortgage loans held for sale consist of FHA, VA, USDA and agency first mortgages on single-family residences which are eligible for sale to FNMA/FHLMC, GNMA or other investors, as applicable. Fair values of these loans are based on quoted prices from third party investors when preselling loans.
	The following table presents the carrying values and estimated fair values of our other financial instruments for which we have not elected the fair value option in accordance with ASC Topic
	825, Financial Instruments:
				31-Mar-15				31-Dec-14
	Description		Fair Value Hierarchy	Carrying		Fair Value		Carrying		Fair Value
				Amount				Amount
				(Dollars in thousands)
	Financial services assets:
	Mortgage loans held for investment, net		Level 2	$	18,518	$	18,518	$	14,380	$	14,380
	Homebuilding liabilities:
	Senior notes payable, net		Level 2	$	2,132,229	$	2,400,930	$	2,131,393	$	2,337,839
	Mortgage Loans Held for Investment – Fair value of these loans is based on the estimated market value of the underlying collateral based on market data and other factors for similar type properties as further adjusted to reflect the estimated net realizable value of carrying the loans through disposition.
	Senior Notes Payable – The senior notes are traded over the counter and their fair values were estimated based upon the values of their last trade at the end of the period.
	The fair value of our cash and equivalents, restricted cash, trade and other receivables, accounts payable, revolving credit facility borrowings, secured project debt and other notes payable, mortgage credit facilities and other liabilities approximate their carrying amounts due to the short-term nature of these assets and liabilities.

Note_17_Commitments_and_Contin

Note 17 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	17	Commitments and Contingencies
		a.	Land Purchase and Option Agreements
	We are subject to obligations associated with entering into contracts for the purchase of land and improved homesites. These purchase contracts typically require us to provide a cash deposit or deliver a letter of credit in favor of the seller, and our purchase of properties under these contracts is generally contingent upon satisfaction of certain requirements by the sellers, including obtaining applicable property and development entitlements. We also utilize option contracts with land sellers as a method of acquiring land in staged takedowns, to help us manage the financial and market risk associated with land holdings, and to reduce the near-term use of funds from our corporate financing sources. Option contracts generally require a non-refundable deposit for the right to acquire lots over a specified period of time at predetermined prices. We generally have the right at our discretion to terminate our obligations under both purchase contracts and option contracts by forfeiting our cash deposit or by repaying amounts drawn under our letter of credit with no further financial responsibility to the land seller, although in certain instances, the land seller has the right to compel us to purchase a specified number of lots at predetermined prices.
	In some instances, we may also expend funds for due diligence, development and construction activities with respect to our land purchase and option contracts prior to purchase, which we would have to write off should we not purchase the land. At March 31, 2015, we had non-refundable cash deposits outstanding of approximately $38.7 million and capitalized pre-acquisition and other development and construction costs of approximately $6.3 million relating to land purchase and option contracts having a total remaining purchase price of approximately $382.9 million.
	Our utilization of option contracts is dependent on, among other things, the availability of land sellers willing to enter into option takedown arrangements, the availability of capital to financial intermediaries, general housing market conditions, and geographic preferences. Options may be more difficult to procure from land sellers in strong housing markets and are more prevalent in certain geographic regions.
		b.	Land Development and Homebuilding Joint Ventures
	Our joint ventures have historically obtained secured acquisition, development and construction financing designed to reduce the use of funds from corporate financing sources. As of March 31, 2015, we held membership interests in 21 homebuilding and land development joint ventures, of which seven were active and 14 were inactive or winding down. As of such date, only one joint venture had project specific debt outstanding, which totaled $30 million. This joint venture bank debt is non-recourse to us and is scheduled to mature in June 2015. In addition, at March 31, 2015, we had $0.1 million of joint venture surety bonds outstanding subject to indemnity arrangements by us related to one project which was substantially complete as of such date.
		c.	Surety Bonds
	We obtain surety bonds in the normal course of business to ensure completion of the infrastructure of our projects. At March 31, 2015, we had approximately $524.6 million in surety bonds outstanding (exclusive of surety bonds related to our joint ventures), with respect to which we had an estimated $330.0 million remaining in cost to complete.
		d.	Mortgage Loans and Commitments
	We commit to making mortgage loans to our homebuyers through our mortgage financing subsidiary, Standard Pacific Mortgage. Standard Pacific Mortgage sells substantially all of the loans it originates in the secondary mortgage market and finances these loans under its mortgage credit facilities for a short period of time (typically for 30 to 45 days), as investors complete their administrative review of applicable loan documents. Mortgage loans in process for which interest rates were committed to borrowers totaled approximately $94.2 million at March 31, 2015 and carried a weighted average interest rate of approximately 3.7%. Interest rate risks related to these obligations are mitigated through the preselling of loans to investors. As of March 31, 2015, Standard Pacific Mortgage had approximately $99.0 million in closed mortgage loans held for sale and $94.5 million of mortgage loans that we were committed to sell to investors subject to our funding of the loans and completion of the investors’ administrative review of the applicable loan documents.
	Substantially all of the loans originated by Standard Pacific Mortgage are sold with servicing rights released on a non-recourse basis. These sales are generally subject to Standard Pacific Mortgage’s obligation to repay its gain on sale if the loan is prepaid by the borrower within a certain time period following such sale, or to repurchase the loan if, among other things, the purchaser’s underwriting guidelines are not met, or there is fraud in connection with the loan. As of March 31, 2015, we had incurred an aggregate of $10.8 million in losses related to loan repurchases and make-whole payments we had been required to make on the $9.3 billion total dollar value of the loans we originated from the beginning of 2004 through the end of the first quarter of 2015. During the three months ended March 31, 2015 and 2014, Standard Pacific Mortgage recorded loan loss expense related to indemnification and repurchase allowances of $0 and $0.2 million, respectively. As of March 31, 2015, Standard Pacific Mortgage had indemnity and repurchase allowances related to loans sold of approximately $2.2 million. In addition, during the 2014 first quarter, Standard Pacific Mortgage made make-whole payments totaling approximately $0.2 million related to three loans, and made no make-whole payments during the 2015 first quarter.
		e.	Insurance and Litigation Accruals
	Insurance and litigation accruals are established with respect to estimated future claims cost. We maintain general liability insurance designed to protect us against a portion of our risk of loss from construction-related claims. We also generally require our subcontractors and design professionals to indemnify us for liabilities arising from their work, subject to various limitations. However, such indemnity is significantly limited with respect to certain subcontractors that are added to our general liability insurance policy. We record allowances to cover our estimated costs of self-insured retentions and deductible amounts under these policies and estimated costs for claims that may not be covered by applicable insurance or indemnities. Our total insurance and litigation accruals as of March 31, 2015 and December 31, 2014 were $62.3 million and $62.8 million, respectively, which are included in accrued liabilities in the accompanying condensed consolidated balance sheets. Estimation of these accruals include consideration of our claims history, including current claims, estimates of claims incurred but not yet reported, and potential for recovery of costs from insurance and other sources. We utilize the services of an independent third party actuary to assist us with evaluating the level of our insurance and litigation accruals. Because of the high degree of judgment required in determining these estimated accrual amounts, actual future claim costs could differ from our currently estimated amounts.

Note_18_Income_Taxes

Note 18 - Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	18	Income Taxes
	We account for income taxes in accordance with ASC Topic 740, Income Taxes ("ASC 740"). ASC 740 requires an asset and liability approach for measuring deferred taxes based on temporary differences between the financial statement and tax bases of assets and liabilities existing at each balance sheet date using enacted tax rates for years in which taxes are expected to be paid or recovered.
	Each quarter we assess our deferred tax asset to determine whether all or any portion of the asset is more likely than not unrealizable under ASC 740. We are required to establish a valuation allowance for any portion of the asset we conclude is more likely than not to be unrealizable. Our assessment considers, among other things, the nature, frequency and severity of our prior and cumulative losses, forecasts of our future taxable income, the duration of statutory carryforward periods, our utilization experience with operating loss and tax credit carryforwards, and tax planning alternatives.
	Our 2015 first quarter provision for income taxes of $16.9 million primarily related to our $48.5 million of pretax income. As of March 31, 2015, we had a $275.1 million deferred tax asset which was offset by a valuation allowance of $1.4 million related to state net operating loss carryforwards that are limited by shorter carryforward periods. As of such date, $127.6 million of our deferred tax asset related to net operating loss carryforwards ($112.6 million was subject to the Section 382 gross annual limitation of $15.6 million for both federal and state purposes, and $15.0 million was not subject to such limitation). The remaining deferred tax asset balance of $147.5 million represented deductible timing differences, primarily related to inventory impairments and financial accruals, which have no expiration date. In addition, as of March 31, 2015, we remained subject to examination by various tax jurisdictions for the tax years ended December 31, 2010 through 2014.

Note_19_Supplemental_Disclosur

Note 19 - Supplemental Disclosures to Consolidated Statements of Cash Flows	3 Months Ended
	Mar. 31, 2015
Supplemental Cash Flow Elements [Abstract]
Cash Flow, Supplemental Disclosures [Text Block]	19	Supplemental Disclosures to Condensed Consolidated Statements of Cash Flows
	The following are supplemental disclosures to the condensed consolidated statements of cash flows:
			Three Months Ended March 31,
			2015		2014
			(Dollars in thousands)
	Supplemental Disclosures of Cash Flow Information:
	Cash paid during the period for:
	Income taxes		$	12,059	$	2,991

Note_20_Supplemental_Guarantor

Note 20 - Supplemental Guarantor Information	3 Months Ended
	Mar. 31, 2015
Supplemental Guarantor Information [Abstract]
Supplemental Guarantor Information [Text Block]	20	Supplemental Guarantor Information
	Certain of our 100% owned direct and indirect subsidiaries guarantee our outstanding senior notes payable (please see Note 13 "Senior Notes Payable"). Presented below are the condensed consolidated financial statements for our guarantor subsidiaries and non-guarantor subsidiaries.
	CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
			Three Months Ended March 31, 2015
			Standard			Guarantor Subsidiaries			Non-			Consolidating Adjustments			Consolidated
			Pacific Corp.						Guarantor Subsidiaries						Standard
															Pacific Corp.
			(Dollars in thousands)
	Homebuilding:
	Revenues		$	136,892		$	219,728		$	113,658		$	-		$	470,278
	Cost of sales			(103,358	)		(170,957	)		(81,858	)		-			(356,173	)
	Gross margin			33,534			48,771			31,800			-			114,105
	Selling, general and administrative expenses			(23,146	)		(32,750	)		(10,174	)		-			(66,070	)
	Income (loss) from unconsolidated joint ventures			26			-			(477	)		-			(451	)
	Equity income of subsidiaries			23,367			-			-			(23,367	)		-
	Interest income (expense), net			3,223			(2,744	)		(479	)		-			-
	Other income (expense)			(1,001	)		(148	)		853			-			(296	)
	Homebuilding pretax income			36,003			13,129			21,523			(23,367	)		47,288
	Financial Services:
	Financial services pretax income			-			-			1,208			-			1,208
	Income before taxes			36,003			13,129			22,731			(23,367	)		48,496
	Provision for income taxes			(4,398	)		(7,324	)		(5,169	)		-			(16,891	)
	Net income		$	31,605		$	5,805		$	17,562		$	(23,367	)	$	31,605
			Three Months Ended March 31, 2014
			Standard			Guarantor Subsidiaries			Non-			Consolidating Adjustments			Consolidated
			Pacific Corp.						Guarantor Subsidiaries						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
	CONDENSED CONSOLIDATING BALANCE SHEET
			31-Mar-15
			Standard			Guarantor			Non-Guarantor			Consolidating			Consolidated
			Pacific Corp.			Subsidiaries			Subsidiaries			Adjustments			Standard
															Pacific Corp.
			(Dollars in thousands)
	ASSETS
	Homebuilding:
	Cash and equivalents		$	47,277		$	783		$	32,866		$	-		$	80,926
	Restricted cash			-			-			39,241			-			39,241
	Trade, intercompany and other receivables			1,773,943			10,318			185,082			(1,943,373	)		25,970
	Inventories:
	Owned			1,094,011			1,302,428			1,084,338			-			3,480,777
	Not owned			19,678			22,031			9,147			-			50,856
	Investments in unconsolidated joint ventures			(1,628	)		523			52,467			-			51,362
	Investments in subsidiaries			971,327			-			-			(971,327	)		-
	Deferred income taxes, net			281,516			-			-			(7,838	)		273,678
	Other assets			31,582			6,910			1,380			-			39,872
	Total Homebuilding Assets			4,217,706			1,342,993			1,404,521			(2,922,538	)		4,042,682
	Financial Services:
	Cash and equivalents			-			-			22,672			-			22,672
Restricted cash			-			-			1,295			-			1,295
Mortgage loans held for sale, net			-			-			98,692			-			98,692
Mortgage loans held for investment, net			-			-			18,518			-			18,518
Other assets			-			-			9,896			(1,606	)		8,290
Total Financial Services Assets			-			-			151,073			(1,606	)		149,467
Total Assets		$	4,217,706		$	1,342,993		$	1,555,594		$	(2,924,144	)	$	4,192,149
LIABILITIES AND EQUITY
Homebuilding:
Accounts payable		$	17,669		$	22,451		$	18,444		$	-		$	58,564
Accrued liabilities and intercompany payables			192,831			924,316			848,459			(1,765,760	)		199,846
Revolving credit facility			15,000			-			-			-			15,000
Secured project debt, other notes payable and intercompany loans			171,622			-			4,378			(171,622	)		4,378
Senior notes payable			2,132,229			-			-			-			2,132,229
Total Homebuilding Liabilities			2,529,351			946,767			871,281			(1,937,382	)		2,410,017
Financial Services:
Accounts payable and other liabilities			-			-			17,675			(15,435	)		2,240
Mortgage credit facilities			-			-			91,537			-			91,537
Total Financial Services Liabilities			-			-			109,212			(15,435	)		93,777
Total Liabilities			2,529,351			946,767			980,493			(1,952,817	)		2,503,794
Equity:
Total Stockholders' Equity			1,688,355			396,226			575,101			(971,327	)		1,688,355
Total Liabilities and Equity		$	4,217,706		$	1,342,993		$	1,555,594		$	(2,924,144	)	$	4,192,149
CONDENSED CONSOLIDATING BALANCE SHEET
		31-Dec-14
		Standard			Guarantor			Non-Guarantor			Consolidating			Consolidated
		Pacific Corp.			Subsidiaries			Subsidiaries			Adjustments			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, other notes payable and intercompany loans			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
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
		Three Months Ended March 31, 2015
		Standard			Guarantor			Non-Guarantor			Consolidating			Consolidated
		Pacific Corp.			Subsidiaries			Subsidiaries			Adjustments			Standard
														Pacific Corp.
		(Dollars in thousands)
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities		$	(26,142	)	$	(61,490	)	$	(6,439	)	$	-		$	(94,071	)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures			-			-			(7,639	)		-			(7,639	)
Distributions of capital from unconsolidated joint ventures			-			-			5,732			-			5,732
Loan to parent and subsidiaries			-			-			10,000			(10,000	)		-
Other investing activities			(1,080	)		(697	)		(4,200	)		-			(5,977	)
Net cash provided by (used in) investing activities			(1,080	)		(697	)		3,893			(10,000	)		(7,884	)
Cash Flows From Financing Activities:
Change in restricted cash			-			-			(1,019	)		-			(1,019	)
Borrowings from revolving credit facility			27,700			-			-			-			27,700
Principal payments on revolving credit facility			(12,700	)		-			-			-			(12,700	)
Principal payments on secured project debt and other notes payable			-			-			(311	)		-			(311	)
Loan from subsidiary			70,000			-			-			(70,000	)		-
Net proceeds from (payments on) mortgage credit facilities			-			-			(77,876	)		80,000			2,124
(Contributions to) distributions from Corporate and subsidiaries			9,973			-			(9,973	)		-			-
Repurchase of common stock			(22,073	)		-			-			-			(22,073	)
Issuance of common stock under employee stock plans			(3,930	)		-			-			-			(3,930	)
Excess tax benefits from share-based payment arrangements			3,369			-			-			-			3,369
Intercompany advances, net			(131,144	)		61,909			69,235			-			-
Net cash provided by (used in) financing activities			(58,805	)		61,909			(19,944	)		10,000			(6,840	)
Net increase (decrease) in cash and equivalents			(86,027	)		(278	)		(22,490	)		-			(108,795	)
Cash and equivalents at beginning of period			133,304			1,061			78,028			-			212,393
Cash and equivalents at end of period		$	47,277		$	783		$	55,538		$	-		$	103,598
		Three Months Ended March 31, 2014
		Standard			Guarantor			Non-Guarantor			Consolidating			Consolidated
		Pacific Corp.			Subsidiaries			Subsidiaries			Adjustments			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 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			-			-
Issuance of common stock under employee stock plans			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

Note_3_Segment_Reporting_Table

Note 3 - Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]		Three Months Ended March 31,
		2015		2014
		(Dollars in thousands)
	Homebuilding revenues:
	California	$	185,621	$	219,479
	Southwest		138,208		107,207
	Southeast		146,449		133,513
	Total homebuilding revenues	$	470,278	$	460,199
	Homebuilding pretax income:
	California	$	25,098	$	38,553
	Southwest		11,797		10,058
	Southeast		10,393		11,299
	Total homebuilding pretax income	$	47,288	$	59,910
Reconciliation of Assets from Segment to Consolidated [Table Text Block]		March 31,		December 31,
		2015		2014
		(Dollars in thousands)
	Homebuilding assets:
	California	$	1,607,808	$	1,542,584
	Southwest		877,207		826,489
	Southeast		1,138,482		1,060,343
	Corporate		419,185		517,701
	Total homebuilding assets	$	4,042,682	$	3,947,117

Note_4_Earnings_Per_Common_Sha1

Note 4 - Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]		Three Months Ended March 31,
		2015			2014
		(Dollars in thousands, except per share amounts)
	Numerator:
	Net income	$	31,605		$	38,159
	Less: Net income allocated to preferred shareholder		(7,662	)		(9,147	)
	Less: Net income allocated to unvested restricted stock		(67	)		(59	)
	Net income available to common stockholders for basic earnings per common share		23,876			28,953
	Effect of dilutive securities:
	Net income allocated to preferred shareholder		7,662			9,147
	Interest on 1¼% convertible senior notes due 2032, included in cost of sales		41			41
	Net income available to common and preferred stock for diluted earnings per share	$	31,579		$	38,141
	Denominator:
	Weighted average basic common shares outstanding		273,635,605			277,948,342
	Weighted average additional common shares outstanding if preferred shares converted to common shares (if dilutive)		87,812,786			87,812,786
	Total weighted average common shares outstanding if preferred shares converted to common shares		361,448,391			365,761,128
	Effect of dilutive securities:
	Share-based awards		5,443,367			6,633,777
	1¼% convertible senior notes due 2032		31,312,850			31,312,850
	Weighted average diluted shares outstanding		398,204,608			403,707,755
	Income per common share:
	Basic	$	0.09		$	0.1
	Diluted	$	0.08		$	0.09

Note_7_Inventories_Tables

Note 7 - Inventories (Tables)	3 Months Ended
	Mar. 31, 2015
Inventory Disclosure [Abstract]
Inventories Owned [Table Text Block]		31-Mar-15
		California		Southwest		Southeast		Total
		(Dollars in thousands)
	Land and land under development	$	1,032,490	$	515,054	$	739,460	$	2,287,004
	Homes completed and under construction		405,140		294,396		308,317		1,007,853
	Model homes		83,047		43,090		59,783		185,920
	Total inventories owned	$	1,520,677	$	852,540	$	1,107,560	$	3,480,777
		31-Dec-14
		California		Southwest		Southeast		Total
		(Dollars in thousands)
	Land and land under development	$	1,021,585	$	504,538	$	722,166	$	2,248,289
	Homes completed and under construction		318,982		250,498		258,132		827,612
	Model homes		81,763		44,437		53,103		179,303
	Total inventories owned	$	1,422,330	$	799,473	$	1,033,401	$	3,255,204
Inventory Real Estate Not Owned [Table Text Block]		March 31,		December 31,
		2015		2014
		(Dollars in thousands)
	Land purchase and lot option deposits	$	46,323	$	47,472
	Other lot option contracts, net of deposits		4,533		37,681
	Total inventories not owned	$	50,856	$	85,153

Note_8_Capitalization_of_Inter1

Note 8 - Capitalization of Interest (Tables)	3 Months Ended
	Mar. 31, 2015
Home Building Interest [Abstract]
Schedule of Capitalized Interest [Table Text Block]		Three Months Ended March 31,
		2015			2014
		(Dollars in thousands)
	Total interest incurred	$	41,803		$	38,786
	Less: Interest capitalized to inventories owned		(41,401	)		(38,213	)
	Less: Interest capitalized to investments in unconsolidated joint ventures		(402	)		(573	)
	Interest expense	$	-		$	-
	Interest previously capitalized to inventories owned, included in cost of home sales	$	22,395		$	24,368
	Interest previously capitalized to inventories owned, included in cost of land sales	$	243		$	615
	Interest previously capitalized to investments in unconsolidated joint ventures, included in income (loss) from unconsolidated joint ventures	$	-		$	30
	Interest capitalized in ending inventories owned (1)	$	294,370		$	257,981
	Interest capitalized as a percentage of inventories owned		8.5	%		9.4	%
	Interest capitalized in ending investments in unconsolidated joint ventures (1)	$	1,067		$	1,511
	Interest capitalized as a percentage of investments in unconsolidated joint ventures		2.1	%		3	%

Note_9_Investments_in_Unconsol1

Note 9 - Investments in Unconsolidated Land Development and Homebuilding Joint Ventures (Tables)	3 Months Ended
	Mar. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
Combined Statements of Operations for Unconsolidated Land Development and Homebuilding Joint Ventures [Table Text Block]		Three Months Ended March 31,
		2015			2014
		(Dollars in thousands)
	Revenues	$	-		$	31,224
	Cost of sales and expenses		(2,845	)		(33,321	)
	Income (loss) of unconsolidated joint ventures	$	(2,845	)	$	(2,097	)
	Income (loss) from unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations	$	(451	)	$	(437	)
Combined Balance Sheets for Unconsolidated Land Development and Homebuilding Joint Ventures [Table Text Block]		March 31,			December 31,
		2015			2014
		(Dollars in thousands)
	Assets:
	Cash	$	33,270		$	29,472
	Inventories		193,740			197,727
	Other assets		13,492			10,372
	Total assets	$	240,502		$	237,571
	Liabilities and Equity:
	Accounts payable and accrued liabilities	$	15,010		$	16,173
	Non-recourse debt		30,000			30,000
	Standard Pacific equity		55,545			54,347
	Other members' equity		139,947			137,051
	Total liabilities and equity	$	240,502		$	237,571
	Investments in unconsolidated joint ventures reflected in the accompanying condensed consolidated balance sheets	$	51,362		$	50,111

Note_10_Warranty_Costs_Tables

Note 10 - Warranty Costs (Tables)	3 Months Ended
	Mar. 31, 2015
Product Warranties Disclosures [Abstract]
Schedule of Product Warranty Liability [Table Text Block]		Three Months Ended March 31,
		2015			2014
		(Dollars in thousands)
	Warranty accrual, beginning of the period	$	13,584		$	13,811
	Warranty costs accrued during the period		1,775			1,183
	Warranty costs paid during the period		(2,320	)		(1,361	)
	Warranty accrual, end of the period	$	13,039		$	13,633

Note_13_Senior_Notes_Payable_T

Note 13 - Senior Notes Payable (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Schedule of Debt [Table Text Block]		March 31,		December 31,
		2015		2014
		(Dollars in thousands)
	7% Senior Notes due August 2015	$	29,789	$	29,789
	10¾% Senior Notes due September 2016, net of discount		273,655		272,684
	8⅜% Senior Notes due May 2018, net of premium		578,066		578,278
	8⅜% Senior Notes due January 2021, net of discount		397,719		397,642
	6¼% Senior Notes due December 2021		300,000		300,000
	5⅞% Senior Notes due November 2024		300,000		300,000
	1¼% Convertible Senior Notes due August 2032		253,000		253,000
		$	2,132,229	$	2,131,393

Note_16_Disclosures_about_Fair1

Note 16 - Disclosures about Fair Value (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]			Fair Value at
	Description	Fair Value Hierarchy	March 31,		December 31,
			2015		2014
			(Dollars in thousands)
	Mortgage loans held for sale	Level 2	$	101,019	$	176,511
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]			31-Mar-15				31-Dec-14
	Description	Fair Value Hierarchy	Carrying		Fair Value		Carrying		Fair Value
			Amount				Amount
			(Dollars in thousands)
	Financial services assets:
	Mortgage loans held for investment, net	Level 2	$	18,518	$	18,518	$	14,380	$	14,380
	Homebuilding liabilities:
	Senior notes payable, net	Level 2	$	2,132,229	$	2,400,930	$	2,131,393	$	2,337,839

Note_19_Supplemental_Disclosur1

Note 19 - Supplemental Disclosures to Consolidated Statements of Cash Flows (Tables)	3 Months Ended
	Mar. 31, 2015
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]		Three Months Ended March 31,
		2015		2014
		(Dollars in thousands)
	Supplemental Disclosures of Cash Flow Information:
	Cash paid during the period for:
	Income taxes	$	12,059	$	2,991

Note_20_Supplemental_Guarantor1

Note 20 - Supplemental Guarantor Information (Tables)	3 Months Ended
	Mar. 31, 2015
Supplemental Guarantor Information [Abstract]
Supplemental Condensed Consolidating Statements of Operations [Table Text Block]		Three Months Ended March 31, 2015
		Standard			Guarantor Subsidiaries			Non-			Consolidating Adjustments			Consolidated
		Pacific Corp.						Guarantor Subsidiaries						Standard
														Pacific Corp.
		(Dollars in thousands)
	Homebuilding:
	Revenues	$	136,892		$	219,728		$	113,658		$	-		$	470,278
	Cost of sales		(103,358	)		(170,957	)		(81,858	)		-			(356,173	)
	Gross margin		33,534			48,771			31,800			-			114,105
	Selling, general and administrative expenses		(23,146	)		(32,750	)		(10,174	)		-			(66,070	)
	Income (loss) from unconsolidated joint ventures		26			-			(477	)		-			(451	)
	Equity income of subsidiaries		23,367			-			-			(23,367	)		-
	Interest income (expense), net		3,223			(2,744	)		(479	)		-			-
	Other income (expense)		(1,001	)		(148	)		853			-			(296	)
	Homebuilding pretax income		36,003			13,129			21,523			(23,367	)		47,288
	Financial Services:
	Financial services pretax income		-			-			1,208			-			1,208
	Income before taxes		36,003			13,129			22,731			(23,367	)		48,496
	Provision for income taxes		(4,398	)		(7,324	)		(5,169	)		-			(16,891	)
	Net income	$	31,605		$	5,805		$	17,562		$	(23,367	)	$	31,605
		Three Months Ended March 31, 2014
		Standard			Guarantor Subsidiaries			Non-			Consolidating Adjustments			Consolidated
		Pacific Corp.						Guarantor Subsidiaries						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
Supplemental Condensed Consolidating Balance Sheets [Table Text Block]		31-Mar-15
		Standard			Guarantor			Non-Guarantor			Consolidating			Consolidated
		Pacific Corp.			Subsidiaries			Subsidiaries			Adjustments			Standard
														Pacific Corp.
		(Dollars in thousands)
	ASSETS
	Homebuilding:
	Cash and equivalents	$	47,277		$	783		$	32,866		$	-		$	80,926
	Restricted cash		-			-			39,241			-			39,241
	Trade, intercompany and other receivables		1,773,943			10,318			185,082			(1,943,373	)		25,970
	Inventories:
	Owned		1,094,011			1,302,428			1,084,338			-			3,480,777
	Not owned		19,678			22,031			9,147			-			50,856
	Investments in unconsolidated joint ventures		(1,628	)		523			52,467			-			51,362
	Investments in subsidiaries		971,327			-			-			(971,327	)		-
	Deferred income taxes, net		281,516			-			-			(7,838	)		273,678
	Other assets		31,582			6,910			1,380			-			39,872
	Total Homebuilding Assets		4,217,706			1,342,993			1,404,521			(2,922,538	)		4,042,682
	Financial Services:
	Cash and equivalents		-			-			22,672			-			22,672
	Restricted cash		-			-			1,295			-			1,295
	Mortgage loans held for sale, net		-			-			98,692			-			98,692
	Mortgage loans held for investment, net		-			-			18,518			-			18,518
	Other assets		-			-			9,896			(1,606	)		8,290
	Total Financial Services Assets		-			-			151,073			(1,606	)		149,467
	Total Assets	$	4,217,706		$	1,342,993		$	1,555,594		$	(2,924,144	)	$	4,192,149
	LIABILITIES AND EQUITY
	Homebuilding:
	Accounts payable	$	17,669		$	22,451		$	18,444		$	-		$	58,564
	Accrued liabilities and intercompany payables		192,831			924,316			848,459			(1,765,760	)		199,846
	Revolving credit facility		15,000			-			-			-			15,000
	Secured project debt, other notes payable and intercompany loans		171,622			-			4,378			(171,622	)		4,378
	Senior notes payable		2,132,229			-			-			-			2,132,229
	Total Homebuilding Liabilities		2,529,351			946,767			871,281			(1,937,382	)		2,410,017
	Financial Services:
	Accounts payable and other liabilities		-			-			17,675			(15,435	)		2,240
	Mortgage credit facilities		-			-			91,537			-			91,537
	Total Financial Services Liabilities		-			-			109,212			(15,435	)		93,777
	Total Liabilities		2,529,351			946,767			980,493			(1,952,817	)		2,503,794
	Equity:
	Total Stockholders' Equity		1,688,355			396,226			575,101			(971,327	)		1,688,355
	Total Liabilities and Equity	$	4,217,706		$	1,342,993		$	1,555,594		$	(2,924,144	)	$	4,192,149
		31-Dec-14
		Standard			Guarantor			Non-Guarantor			Consolidating			Consolidated
		Pacific Corp.			Subsidiaries			Subsidiaries			Adjustments			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, other notes payable and intercompany loans		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
Supplemental Condensed Consolidating Statements of Cash Flows [Table Text Block]		Three Months Ended March 31, 2015
		Standard			Guarantor			Non-Guarantor			Consolidating			Consolidated
		Pacific Corp.			Subsidiaries			Subsidiaries			Adjustments			Standard
														Pacific Corp.
		(Dollars in thousands)
	Cash Flows From Operating Activities:
	Net cash provided by (used in) operating activities	$	(26,142	)	$	(61,490	)	$	(6,439	)	$	-		$	(94,071	)
	Cash Flows From Investing Activities:
	Investments in unconsolidated homebuilding joint ventures		-			-			(7,639	)		-			(7,639	)
	Distributions of capital from unconsolidated joint ventures		-			-			5,732			-			5,732
	Loan to parent and subsidiaries		-			-			10,000			(10,000	)		-
	Other investing activities		(1,080	)		(697	)		(4,200	)		-			(5,977	)
	Net cash provided by (used in) investing activities		(1,080	)		(697	)		3,893			(10,000	)		(7,884	)
	Cash Flows From Financing Activities:
	Change in restricted cash		-			-			(1,019	)		-			(1,019	)
	Borrowings from revolving credit facility		27,700			-			-			-			27,700
	Principal payments on revolving credit facility		(12,700	)		-			-			-			(12,700	)
	Principal payments on secured project debt and other notes payable		-			-			(311	)		-			(311	)
	Loan from subsidiary		70,000			-			-			(70,000	)		-
	Net proceeds from (payments on) mortgage credit facilities		-			-			(77,876	)		80,000			2,124
	(Contributions to) distributions from Corporate and subsidiaries		9,973			-			(9,973	)		-			-
	Repurchase of common stock		(22,073	)		-			-			-			(22,073	)
	Issuance of common stock under employee stock plans		(3,930	)		-			-			-			(3,930	)
	Excess tax benefits from share-based payment arrangements		3,369			-			-			-			3,369
	Intercompany advances, net		(131,144	)		61,909			69,235			-			-
	Net cash provided by (used in) financing activities		(58,805	)		61,909			(19,944	)		10,000			(6,840	)
	Net increase (decrease) in cash and equivalents		(86,027	)		(278	)		(22,490	)		-			(108,795	)
	Cash and equivalents at beginning of period		133,304			1,061			78,028			-			212,393
	Cash and equivalents at end of period	$	47,277		$	783		$	55,538		$	-		$	103,598
		Three Months Ended March 31, 2014
		Standard			Guarantor			Non-Guarantor			Consolidating			Consolidated
		Pacific Corp.			Subsidiaries			Subsidiaries			Adjustments			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 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			-			-
	Issuance of common stock under employee stock plans		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

Note_3_Segment_Reporting_Detai

Note 3 - Segment Reporting (Details)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Number of Operating Segments	2
Number of Reportable Segments	3

Note_3_Segment_Reporting_Detai1

Note 3 - Segment Reporting (Details) - Segment Financial Information Relating to Homebuilding Operations (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Homebuilding revenues:
Homebuilding revenues	$470,278	$460,199
Homebuilding pretax income:
Homebuilding pretax income	47,288	59,910
Homebuilding [Member] | CALIFORNIA
Homebuilding revenues:
Homebuilding revenues	185,621	219,479
Homebuilding pretax income:
Homebuilding pretax income	25,098	38,553
Homebuilding [Member] | Southwest [Member]
Homebuilding revenues:
Homebuilding revenues	138,208	107,207
Homebuilding pretax income:
Homebuilding pretax income	11,797	10,058
Homebuilding [Member] | Southeast [Member]
Homebuilding revenues:
Homebuilding revenues	146,449	133,513
Homebuilding pretax income:
Homebuilding pretax income	10,393	11,299
Homebuilding [Member]
Homebuilding revenues:
Homebuilding revenues	470,278	460,199
Homebuilding pretax income:
Homebuilding pretax income	$47,288	$59,910

Note_3_Segment_Reporting_Detai2

Note 3 - Segment Reporting (Details) - Segment Financial Information Relating to Homebuilding Assets and Investments in Unconsolidated Joint Ventures (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Homebuilding assets:
Assets, by segments	$4,192,149	$4,174,420
Homebuilding [Member] | CALIFORNIA
Homebuilding assets:
Assets, by segments	1,607,808	1,542,584
Homebuilding [Member] | Southwest [Member]
Homebuilding assets:
Assets, by segments	877,207	826,489
Homebuilding [Member] | Southeast [Member]
Homebuilding assets:
Assets, by segments	1,138,482	1,060,343
Homebuilding [Member] | Corporate, Non-Segment [Member]
Homebuilding assets:
Assets, by segments	419,185	517,701
Homebuilding [Member]
Homebuilding assets:
Assets, by segments	$4,042,682	$3,947,117

Note_4_Earnings_Per_Common_Sha2

Note 4 - Earnings Per Common Share (Details) - Components Used in Computation of Basic and Diluted Earnings Per Common Share (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Numerator:
Net income	$31,605	$38,159
Less: Net income allocated to preferred shareholder	-7,662	-9,147
Less: Net income allocated to unvested restricted stock	-67	-59
Net income available to common stockholders for basic earnings per common share	23,876	28,953
Effect of dilutive securities:
Net income allocated to preferred shareholder	7,662	9,147
Net income available to common and preferred stock for diluted earnings per share	31,579	38,141
Denominator:
Weighted average basic common shares outstanding (in Shares)	273,635,605	277,948,342
Weighted average additional common shares outstanding if preferred shares converted to common shares (if dilutive) (in Shares)	87,812,786	87,812,786
Total weighted average common shares outstanding if preferred shares converted to common shares (in Shares)	361,448,391	365,761,128
Effect of dilutive securities:
Share-based awards (in Shares)	5,443,367	6,633,777
Weighted average diluted shares outstanding (in Shares)	398,204,608	403,707,755
Income per common share:
Basic (in Dollars per share)	$0.09	$0.10
Diluted (in Dollars per share)	$0.08	$0.09
1B

Note_4_Earnings_Per_Common_Sha3

Note 4 - Earnings Per Common Share (Details) - Components Used in Computation of Basic and Diluted Earnings Per Common Share (Parentheticals) (1B

Note_5_Stockbased_Compensation1

Note 5 - Stock-based Compensation (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Allocated Share-based Compensation Expense	$2.70	$2.40
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$11.60
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 328 days

Note_6_Restricted_Cash_Details

Note 6 - Restricted Cash (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Note 6 - Restricted Cash (Details) [Line Items]
Restricted Cash and Cash Equivalents	$40,500
Homebuilding [Member]
Note 6 - Restricted Cash (Details) [Line Items]
Restricted Cash and Cash Equivalents	39,241	38,222
Financial Services [Member]
Note 6 - Restricted Cash (Details) [Line Items]
Restricted Cash and Cash Equivalents	$1,295	$1,295

Note_7_Inventories_Details

Note 7 - Inventories (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Note 7 - Inventories (Details) [Line Items]
Number of Active and Future Projects Owned	367	361
Impairment of Real Estate	$0	$0
Other Lot Option Contracts Net Of Deposits	4,533,000		37,681,000
Inventory Real Estate Not Owned	50,856,000		85,153,000
Land Option and Purchase Contracts [Member]
Note 7 - Inventories (Details) [Line Items]
Other Lot Option Contracts Net Of Deposits	1,400,000		7,600,000
Significant Deposits Paid Under Contract [Member]
Note 7 - Inventories (Details) [Line Items]
Other Lot Option Contracts Net Of Deposits			27,000,000
Acquisition Of Current and Future Communities [Member]
Note 7 - Inventories (Details) [Line Items]
Inventory Real Estate Not Owned	$3,100,000		$3,100,000

Note_7_Inventories_Details_Inv

Note 7 - Inventories (Details) - Inventories Owned (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Note 7 - Inventories (Details) - Inventories Owned [Line Items]
Land and land under development, by segments	$2,287,004	$2,248,289
Homes completed and under construction, by segments	1,007,853	827,612
Model homes. by segments	185,920	179,303
Total inventories owned, by segments	3,480,777	3,255,204
Homebuilding: California [Member]
Note 7 - Inventories (Details) - Inventories Owned [Line Items]
Land and land under development, by segments	1,032,490	1,021,585
Homes completed and under construction, by segments	405,140	318,982
Model homes. by segments	83,047	81,763
Total inventories owned, by segments	1,520,677	1,422,330
Homebuilding: Southwest [Member]
Note 7 - Inventories (Details) - Inventories Owned [Line Items]
Land and land under development, by segments	515,054	504,538
Homes completed and under construction, by segments	294,396	250,498
Model homes. by segments	43,090	44,437
Total inventories owned, by segments	852,540	799,473
Homebuilding: Southeast [Member]
Note 7 - Inventories (Details) - Inventories Owned [Line Items]
Land and land under development, by segments	739,460	722,166
Homes completed and under construction, by segments	308,317	258,132
Model homes. by segments	59,783	53,103
Total inventories owned, by segments	$1,107,560	$1,033,401

Note_7_Inventories_Details_Inv1

Note 7 - Inventories (Details) - Inventories Not Owned (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Inventories Not Owned [Abstract]
Land purchase and lot option deposits	$46,323	$47,472
Other lot option contracts, net of deposits	4,533	37,681
Total inventories not owned	$50,856	$85,153

Note_8_Capitalization_of_Inter2

Note 8 - Capitalization of Interest (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
Home Building Interest [Abstract]
Capitalized Interest Transferred From Investments In Unconsolidated Joint Ventures To Inventories Owned	$4

Note_8_Capitalization_of_Inter3

Note 8 - Capitalization of Interest (Details) - Homebuilding Capitalized Interest (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014		Dec. 31, 2014
Homebuilding Capitalized Interest [Abstract]
Total interest incurred	$41,803		$38,786
Less: Interest capitalized to inventories owned	-41,401		-38,213
Less: Interest capitalized to investments in unconsolidated joint ventures	-402		-573
Interest previously capitalized to inventories owned, included in cost of home sales	22,395		24,368
Interest previously capitalized to inventories owned, included in cost of land sales	243		615
Interest previously capitalized to investments in unconsolidated joint ventures, included in income (loss) from unconsolidated joint ventures			30
Interest capitalized in ending inventories owned (1)	294,370	[1]	257,981	[1]
Interest capitalized as a percentage of inventories owned	8.50%		9.40%
Interest capitalized in ending investments in unconsolidated joint ventures (1)	$1,067	[1]	$1,511	[1]	$700
Interest capitalized as a percentage of investments in unconsolidated joint ventures	2.10%		3.00%
[1]	During the three months ended March 31, 2014, in connection with lot purchases from our joint ventures, $4.0 million of capitalized interest was transferred from investments in unconsolidated joint ventures to inventories owned.

Note_9_Investments_in_Unconsol2

Note 9 - Investments in Unconsolidated Land Development and Homebuilding Joint Ventures (Details) (USD $)	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014		Dec. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]
Asset Impairment Charges	$0		$0
Interest capitalized in ending investments in unconsolidated joint ventures	$1,067,000	[1]	$1,511,000	[1]	$700,000
[1]	During the three months ended March 31, 2014, in connection with lot purchases from our joint ventures, $4.0 million of capitalized interest was transferred from investments in unconsolidated joint ventures to inventories owned.

Note_9_Investments_in_Unconsol3

Note 9 - Investments in Unconsolidated Land Development and Homebuilding Joint Ventures (Details) - Combined Statements of Operations for Unconsolidated Land Development and Homebuilding Joint Ventures (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Combined Statements of Operations for Unconsolidated Land Development and Homebuilding Joint Ventures [Abstract]
Revenues		$31,224
Cost of sales and expenses	-2,845	-33,321
Income (loss) of unconsolidated joint ventures	-2,845	-2,097
Income (loss) from unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations	($451)	($437)

Note_9_Investments_in_Unconsol4

Note 9 - Investments in Unconsolidated Land Development and Homebuilding Joint Ventures (Details) - Combined Balance Sheets for Unconsolidated Land Development and Homebuilding Joint Ventures (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Assets:
Cash	$33,270	$29,472
Inventories	193,740	197,727
Other assets	13,492	10,372
Total assets	240,502	237,571
Liabilities and Equity:
Accounts payable and accrued liabilities	15,010	16,173
Non-recourse debt	30,000	30,000
Standard Pacific equity	55,545	54,347
Other members' equity	139,947	137,051
Total liabilities and equity	240,502	237,571
Investments in unconsolidated joint ventures reflected in the accompanying condensed consolidated balance sheets	$51,362	$50,111

Note_10_Warranty_Costs_Details

Note 10 - Warranty Costs (Details) - Warranty Costs Accrual (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Warranty Costs Accrual [Abstract]
Warranty accrual, beginning of the period	$13,584	$13,811
Warranty costs accrued during the period	1,775	1,183
Warranty costs paid during the period	-2,320	-1,361
Warranty accrual, end of the period	$13,039	$13,633

Note_11_Revolving_Credit_Facil1

Note 11 - Revolving Credit Facility and Letter of Credit Facilities (Details) (USD $)	Mar. 31, 2015
Note 11 - Revolving Credit Facility and Letter of Credit Facilities (Details) [Line Items]
Cash Collateral Deposits	$38,500,000
Unsecured Revolving Credit Facility [Member]
Note 11 - Revolving Credit Facility and Letter of Credit Facilities (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity	450,000,000
Maximum Aggregate Borrowing Commitment	750,000,000
Long-term Line of Credit	15,000,000
Line of Credit Facility, Remaining Borrowing Capacity	435,000,000
Letter of Credit [Member]
Note 11 - Revolving Credit Facility and Letter of Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	58,000,000
Letters of Credit Outstanding, Amount	$37,900,000

Note_12_Secured_Project_Debt_a1

Note 12 - Secured Project Debt and Other Notes Payable (Details) (Homebuilding [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Homebuilding [Member]
Note 12 - Secured Project Debt and Other Notes Payable (Details) [Line Items]
Secured Debt	$4,378	$4,689

Note_13_Senior_Notes_Payable_D

Note 13 - Senior Notes Payable (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Note 13 - Senior Notes Payable (Details) [Line Items]
Maximum Carve-out In Credit Facility Indebtedness (in Dollars)	$1,100,000,000
Debt Instrument, Repurchase Price, Percentage	100.00%
1B

Note_13_Senior_Notes_Payable_D1

Note 13 - Senior Notes Payable (Details) - Senior Notes Payable (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Note 13 - Senior Notes Payable (Details) - Senior Notes Payable [Line Items]
Senior Notes	$2,132,229	$2,131,393
Homebuilding [Member] | 7% Senior Notes [Member]
Note 13 - Senior Notes Payable (Details) - Senior Notes Payable [Line Items]
Senior Notes	29,789	29,789
Homebuilding [Member] | 10B>% Senior Notes [Member]
Note 13 - Senior Notes Payable (Details) - Senior Notes Payable [Line Items]
Senior Notes	273,655	272,684
Homebuilding [Member] | 8b% Senior Notes [Member]
Note 13 - Senior Notes Payable (Details) - Senior Notes Payable [Line Items]
Senior Notes	578,066	578,278
Homebuilding [Member] | 8b% Senior Notes [Member]
Note 13 - Senior Notes Payable (Details) - Senior Notes Payable [Line Items]
Senior Notes	397,719	397,642
Homebuilding [Member] | 6B

Note_13_Senior_Notes_Payable_D2

Note 13 - Senior Notes Payable (Details) - Senior Notes Payable (Parentheticals)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Homebuilding [Member] | 7% Senior Notes [Member]
Note 13 - Senior Notes Payable (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	7.00%	7.00%
Homebuilding [Member] | 10B>% Senior Notes [Member]
Note 13 - Senior Notes Payable (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	10.75%	10.75%
Homebuilding [Member] | 8b% Senior Notes [Member]
Note 13 - Senior Notes Payable (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	8.38%	8.38%
Homebuilding [Member] | 8b% Senior Notes [Member]
Note 13 - Senior Notes Payable (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	8.38%	8.38%
Homebuilding [Member] | 6B

Note_14_Preferred_Stock_Detail

Note 14 - Preferred Stock (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Note 14 - Preferred Stock (Details) [Line Items]
Preferred Stock, Shares Outstanding	267,829	267,829
Common Stock, Shares, Outstanding	274,390,765	275,141,189
Series B Preferred Stock [Member] | Owned by MatlinPatterson [Member]
Note 14 - Preferred Stock (Details) [Line Items]
Preferred Stock, Shares Outstanding	267,829
Convertible Preferred Stock, Number of Shares Converted	87,800,000
Series B Preferred Stock [Member]
Note 14 - Preferred Stock (Details) [Line Items]
Voting Power Limit	49.00%
Amount Used as Numerator in Calculating Conversion Shares (in Dollars)	1,000
Convertible Preferred Stock, Conversion Price (in Dollars per share)	3.05
Owned by MatlinPatterson [Member]
Note 14 - Preferred Stock (Details) [Line Items]
Common Stock, Shares, Outstanding	126,400,000
Outstanding Common Stock and Preferred Stock Ownership Percentage	59.00%

Note_15_Mortgage_Credit_Facili1

Note 15 - Mortgage Credit Facilities (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Note 15 - Mortgage Credit Facilities (Details) [Line Items]
Restricted Cash and Cash Equivalents	$40,500,000
Financial Services [Member]
Note 15 - Mortgage Credit Facilities (Details) [Line Items]
Warehouse Agreement Borrowings	91,537,000	89,413,000
Restricted Cash and Cash Equivalents	1,295,000	1,295,000
First Lender [Member] | Repurchase Facility [Member]
Note 15 - Mortgage Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	125,000,000
Second Lender [Member] | Repurchase Facility [Member]
Note 15 - Mortgage Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$75,000,000

Note_16_Disclosures_about_Fair2

Note 16 - Disclosures about Fair Value (Details) - Fair Value of Mortgage Loans (Fair Value, Inputs, Level 2 [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Fair Value, Inputs, Level 2 [Member]
Note 16 - Disclosures about Fair Value (Details) - Fair Value of Mortgage Loans [Line Items]
Mortgage loans held for sale	$101,019	$176,511

Note_16_Disclosures_about_Fair3

Note 16 - Disclosures about Fair Value (Details) - Carrying Values and Estimated Fair Value of Other Financial Instruments (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Note 16 - Disclosures about Fair Value (Details) - Carrying Values and Estimated Fair Value of Other Financial Instruments [Line Items]
Senior notes payable, net	$2,132,229	$2,131,393
Financial Services [Member] | Fair Value, Inputs, Level 2 [Member]
Note 16 - Disclosures about Fair Value (Details) - Carrying Values and Estimated Fair Value of Other Financial Instruments [Line Items]
Mortgage loans held for investment, net	18,518	14,380
Mortgage loans held for investment, net	18,518	14,380
Financial Services [Member]
Note 16 - Disclosures about Fair Value (Details) - Carrying Values and Estimated Fair Value of Other Financial Instruments [Line Items]
Mortgage loans held for investment, net	18,518	14,380
Homebuilding [Member] | Fair Value, Inputs, Level 2 [Member]
Note 16 - Disclosures about Fair Value (Details) - Carrying Values and Estimated Fair Value of Other Financial Instruments [Line Items]
Senior notes payable, net	2,132,229	2,131,393
Senior notes payable, net	2,400,930	2,337,839
Homebuilding [Member]
Note 16 - Disclosures about Fair Value (Details) - Carrying Values and Estimated Fair Value of Other Financial Instruments [Line Items]
Senior notes payable, net	$2,132,229	$2,131,393

Note_17_Commitments_and_Contin1

Note 17 - Commitments and Contingencies (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Note 17 - Commitments and Contingencies (Details) [Line Items]
Non-refundable Cash Deposits	$38,700,000
Capitalized Preacquisition and Other Development and Construction Costs	6,300,000
Remaining Purchase Price of Land Purchase and Option Contracts	382,900,000
Number of Joint Ventures The Company Holds Membership Interest In	21
Number of Active Joint Ventures	7
Number of Inactive Joint Ventures	14
Number of Joint Ventures Having Project Specific Non-recourse Debt to the Company	1
Equity Method Investment Summarized Financial Information Non-recourse Debt	30,000,000		30,000,000
Outstanding Joint Venture Surety Bonds	100,000
Joint Venture Surety Bonds Cost to Complete	1
Outstanding Surety Bonds	524,600,000
Surety Bonds Cost to Complete	330,000,000
Mortgage Loans In Process	94,200,000
Mortgage Loans In Process, Interest Rate	3.70%
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Mortgage	99,000,000
Mortgage Loans Committed to Sell to Investors	94,500,000
Aggregate Mortgage Loan Repurchase Payments	10,800,000
Mortgage Loans on Real Estate, New Mortgage Loans	9,300,000,000
MortgageLoanLossExpenseProvision	0	200,000
Mortgage Loan Repurchase Reserve	2,200,000
Mortgage Loan Repurchase Payments		200,000
Number of Loans Repurchased		3
Insurance and Litigation Accruals	62,300,000		62,800,000
Matures June, 2014 [Member]
Note 17 - Commitments and Contingencies (Details) [Line Items]
Equity Method Investment Summarized Financial Information Non-recourse Debt	$30,000,000

Note_18_Income_Taxes_Details

Note 18 - Income Taxes (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Note 18 - Income Taxes (Details) [Line Items]
Income Tax Expense (Benefit)	$16,891,000	$23,456,000
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	48,496,000	61,615,000
Deferred Tax Assets, Gross	275,100,000
Deferred Tax Assets, Valuation Allowance	1,400,000
Deferred Tax Assets, Operating Loss Carryforwards	127,600,000
Gross Annual Deduction Limitation on Net Operating Loss Carryforwards	15,600,000
Deferred Tax Assets, Other	147,500,000
Subject to Federal and State Net Operating Loss Carryforward Limitations [Member]
Note 18 - Income Taxes (Details) [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards	112,600,000
Not Limited by Section 382 [Member]
Note 18 - Income Taxes (Details) [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards	$15,000,000

Note_19_Supplemental_Disclosur2

Note 19 - Supplemental Disclosures to Consolidated Statements of Cash Flows (Details) - Supplemental Disclosures of Cash Flows Information (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash paid during the period for:
Income taxes	$12,059	$2,991

Note_20_Supplemental_Guarantor2

Note 20 - Supplemental Guarantor Information (Details) - Condensed Consolidating Statements of Operations (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Homebuilding:
Revenues	$470,278	$460,199
Cost of sales	-356,173	-341,249
Gross margin	114,105	118,950
Selling, general and administrative expenses	-66,070	-58,590
Income (loss) from unconsolidated joint ventures	-451	-437
Other income (expense)	-296	-13
Homebuilding pretax income (loss)	47,288	59,910
Financial Services:
Financial services pretax income (loss)	1,208	1,705
Income (loss) before income taxes	48,496	61,615
(Provision) benefit for income taxes	-16,891	-23,456
Net income (loss)	31,605	38,159
Consolidation, Eliminations [Member]
Homebuilding:
Equity income (loss) of subsidiaries	-23,367	-24,496
Homebuilding pretax income (loss)	-23,367	-24,496
Financial Services:
Income (loss) before income taxes	-23,367	-24,496
Net income (loss)	-23,367	-24,496
Parent Company [Member]
Homebuilding:
Revenues	136,892	168,340
Cost of sales	-103,358	-121,510
Gross margin	33,534	46,830
Selling, general and administrative expenses	-23,146	-23,805
Income (loss) from unconsolidated joint ventures	26	-117
Equity income (loss) of subsidiaries	23,367	24,496
Interest expense	3,223	3,689
Other income (expense)	-1,001	-142
Homebuilding pretax income (loss)	36,003	50,951
Financial Services:
Income (loss) before income taxes	36,003	50,951
(Provision) benefit for income taxes	-4,398	-12,792
Net income (loss)	31,605	38,159
Guarantor Subsidiaries [Member]
Homebuilding:
Revenues	219,728	205,084
Cost of sales	-170,957	-154,822
Gross margin	48,771	50,262
Selling, general and administrative expenses	-32,750	-27,848
Income (loss) from unconsolidated joint ventures		33
Interest expense	-2,744	-2,806
Other income (expense)	-148	-30
Homebuilding pretax income (loss)	13,129	19,611
Financial Services:
Income (loss) before income taxes	13,129	19,611
(Provision) benefit for income taxes	-7,324	-7,255
Net income (loss)	5,805	12,356
Non-Guarantor Subsidiaries [Member]
Homebuilding:
Revenues	113,658	86,775
Cost of sales	-81,858	-64,917
Gross margin	31,800	21,858
Selling, general and administrative expenses	-10,174	-6,937
Income (loss) from unconsolidated joint ventures	-477	-353
Interest expense	-479	-883
Other income (expense)	853	159
Homebuilding pretax income (loss)	21,523	13,844
Financial Services:
Financial services pretax income (loss)	1,208	1,705
Income (loss) before income taxes	22,731	15,549
(Provision) benefit for income taxes	-5,169	-3,409
Net income (loss)	$17,562	$12,140

Note_20_Supplemental_Guarantor3

Note 20 - Supplemental Guarantor Information (Details) - Condensed Consolidating Balance Sheet (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Note 20 - Supplemental Guarantor Information (Details) - Condensed Consolidating Balance Sheet [Line Items]
Cash and equivalents	$103,598	$212,393	$205,112	$363,291
Restricted cash	40,500
Owned	3,480,777	3,255,204
Not owned	50,856	85,153
Investments in unconsolidated joint ventures	51,362	50,111
Total Assets	4,192,149	4,174,420
Senior notes payable	2,132,229	2,131,393
Total Liabilities	2,503,794	2,497,732
Total Stockholders' Equity	1,688,355	1,676,688
Total Liabilities and Equity	4,192,149	4,174,420
Homebuilding [Member] | Consolidation, Eliminations [Member]
Note 20 - Supplemental Guarantor Information (Details) - Condensed Consolidating Balance Sheet [Line Items]
Trade, intercompany and other receivables	-1,943,373	-1,821,998
Investments in subsidiaries	-971,327	-957,933
Deferred income taxes, net	-7,838	-7,488
Total Assets	-2,922,538	-2,787,419
Accrued liabilities and intercompany payables	-1,765,760	-1,635,194
Secured project debt and other notes payable	-171,622	-100,813
Total Liabilities	-1,937,382	-1,736,007
Homebuilding [Member] | Parent Company [Member]
Note 20 - Supplemental Guarantor Information (Details) - Condensed Consolidating Balance Sheet [Line Items]
Cash and equivalents	47,277	133,304
Trade, intercompany and other receivables	1,773,943	1,645,356
Owned	1,094,011	1,059,197
Not owned	19,678	17,360
Investments in unconsolidated joint ventures	-1,628	-1,653
Investments in subsidiaries	971,327	957,933
Deferred income taxes, net	281,516	283,890
Other assets	31,582	34,094
Total Assets	4,217,706	4,129,481
Accounts payable	17,669	13,856
Accrued liabilities and intercompany payables	192,831	206,731
Revolving credit facility	15,000
Secured project debt and other notes payable	171,622	100,813
Senior notes payable	2,132,229	2,131,393
Total Liabilities	2,529,351	2,452,793
Homebuilding [Member] | Guarantor Subsidiaries [Member]
Note 20 - Supplemental Guarantor Information (Details) - Condensed Consolidating Balance Sheet [Line Items]
Cash and equivalents	783	1,061
Trade, intercompany and other receivables	10,318	4,379
Owned	1,302,428	1,234,233
Not owned	22,031	28,520
Investments in unconsolidated joint ventures	523	497
Other assets	6,910	6,855
Total Assets	1,342,993	1,275,545
Accounts payable	22,451	16,202
Accrued liabilities and intercompany payables	924,316	868,922
Total Liabilities	946,767	885,124
Homebuilding [Member] | Non-Guarantor Subsidiaries [Member]
Note 20 - Supplemental Guarantor Information (Details) - Condensed Consolidating Balance Sheet [Line Items]
Cash and equivalents	32,866	46,063
Restricted cash	39,241	38,222
Trade, intercompany and other receivables	185,082	191,268
Owned	1,084,338	961,774
Not owned	9,147	39,273
Investments in unconsolidated joint ventures	52,467	51,267
Other assets	1,380	1,643
Total Assets	1,404,521	1,329,510
Accounts payable	18,444	15,027
Accrued liabilities and intercompany payables	848,459	783,324
Secured project debt and other notes payable	4,378	4,689
Total Liabilities	871,281	803,040
Homebuilding [Member]
Note 20 - Supplemental Guarantor Information (Details) - Condensed Consolidating Balance Sheet [Line Items]
Cash and equivalents	80,926	180,428
Restricted cash	39,241	38,222
Trade, intercompany and other receivables	25,970	19,005
Owned	3,480,777	3,255,204
Not owned	50,856	85,153
Investments in unconsolidated joint ventures	51,362	50,111
Deferred income taxes, net	273,678	276,402
Other assets	39,872	42,592
Total Assets	4,042,682	3,947,117
Accounts payable	58,564	45,085
Accrued liabilities and intercompany payables	199,846	223,783
Revolving credit facility	15,000
Secured project debt and other notes payable	4,378	4,689
Senior notes payable	2,132,229	2,131,393
Total Liabilities	2,410,017	2,404,950
Financial Services [Member] | Consolidation, Eliminations [Member]
Note 20 - Supplemental Guarantor Information (Details) - Condensed Consolidating Balance Sheet [Line Items]
Other assets	-1,606	-1,737
Total Assets	-1,606	-1,737
Total Liabilities	-15,435	-95,216
Accounts payable and other liabilities	-15,435	-15,216
Mortgage credit facilities		-80,000
Financial Services [Member] | Non-Guarantor Subsidiaries [Member]
Note 20 - Supplemental Guarantor Information (Details) - Condensed Consolidating Balance Sheet [Line Items]
Cash and equivalents	22,672	31,965
Restricted cash	1,295	1,295
Mortgage loans held for sale, net	98,692	174,420
Mortgage loans held for investment, net	18,518	14,380
Other assets	9,896	6,980
Total Assets	151,073	229,040
Total Liabilities	109,212	187,998
Accounts payable and other liabilities	17,675	18,585
Mortgage credit facilities	91,537	169,413
Financial Services [Member]
Note 20 - Supplemental Guarantor Information (Details) - Condensed Consolidating Balance Sheet [Line Items]
Cash and equivalents	22,672	31,965
Restricted cash	1,295	1,295
Mortgage loans held for sale, net	98,692	174,420
Mortgage loans held for investment, net	18,518	14,380
Other assets	8,290	5,243
Total Assets	149,467	227,303
Total Liabilities	93,777	92,782
Accounts payable and other liabilities	2,240	3,369
Mortgage credit facilities	91,537	89,413
Consolidation, Eliminations [Member]
Note 20 - Supplemental Guarantor Information (Details) - Condensed Consolidating Balance Sheet [Line Items]
Total Assets	-2,924,144	-2,789,156
Total Liabilities	-1,952,817	-1,831,223
Total Stockholders' Equity	-971,327	-957,933
Total Liabilities and Equity	-2,924,144	-2,789,156
Parent Company [Member]
Note 20 - Supplemental Guarantor Information (Details) - Condensed Consolidating Balance Sheet [Line Items]
Cash and equivalents	47,277	133,304	34,049	175,289
Total Assets	4,217,706	4,129,481
Total Liabilities	2,529,351	2,452,793
Total Stockholders' Equity	1,688,355	1,676,688
Total Liabilities and Equity	4,217,706	4,129,481
Guarantor Subsidiaries [Member]
Note 20 - Supplemental Guarantor Information (Details) - Condensed Consolidating Balance Sheet [Line Items]
Cash and equivalents	783	1,061	686	494
Total Assets	1,342,993	1,275,545
Total Liabilities	946,767	885,124
Total Stockholders' Equity	396,226	390,421
Total Liabilities and Equity	1,342,993	1,275,545
Non-Guarantor Subsidiaries [Member]
Note 20 - Supplemental Guarantor Information (Details) - Condensed Consolidating Balance Sheet [Line Items]
Cash and equivalents	55,538	78,028	170,377	187,508
Total Assets	1,555,594	1,558,550
Total Liabilities	980,493	991,038
Total Stockholders' Equity	575,101	567,512
Total Liabilities and Equity	$1,555,594	$1,558,550

Note_20_Supplemental_Guarantor4

Note 20 - Supplemental Guarantor Information (Details) - Condensed Consolidating Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	($94,071)	($117,563)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures	-7,639	-2,787
Distributions of capital from unconsolidated homebuilding joint ventures	5,732	14,808
Other investing activities	-5,977	-1,735
Net cash provided by (used in) investing activities	-7,884	10,286
Cash Flows From Financing Activities:
Change in restricted cash	-1,019	-5,238
Borrowings from revolving credit facility	27,700
Principal payments on revolving credit facility	-12,700
Principal payments on secured project debt and other notes payable	-311	-890
Net proceeds from (payments on) mortgage credit facilities	2,124	-48,370
Repurchase of common stock	-22,073
Issuance of common stock under employee stock plans	-3,930	3,596
Excess tax benefits from share-based payment arrangements	3,369
Net cash provided by (used in) financing activities	-6,840	-50,902
Net increase (decrease) in cash and equivalents	-108,795	-158,179
Cash and equivalents at beginning of period	212,393	363,291
Cash and equivalents at end of period	103,598	205,112
Consolidation, Eliminations [Member]
Cash Flows From Investing Activities:
Loan to parent and subsidiaries	-10,000	35,000
Net cash provided by (used in) investing activities	-10,000	35,000
Cash Flows From Financing Activities:
Loan from subsidiary	-70,000	-35,000
Net proceeds from (payments on) mortgage credit facilities	80,000
Net cash provided by (used in) financing activities	10,000	-35,000
Parent Company [Member]
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	-26,142	-36,848
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures		146
Other investing activities	-1,080	-284
Net cash provided by (used in) investing activities	-1,080	-138
Cash Flows From Financing Activities:
Borrowings from revolving credit facility	27,700
Principal payments on revolving credit facility	-12,700
Loan from subsidiary	70,000	35,000
(Contributions to) distributions from Corporate and subsidiaries	9,973	-4,400
Repurchase of common stock	-22,073
Issuance of common stock under employee stock plans	-3,930	3,596
Excess tax benefits from share-based payment arrangements	3,369
Intercompany advances, net	-131,144	-138,450
Net cash provided by (used in) financing activities	-58,805	-104,254
Net increase (decrease) in cash and equivalents	-86,027	-141,240
Cash and equivalents at beginning of period	133,304	175,289
Cash and equivalents at end of period	47,277	34,049
Guarantor Subsidiaries [Member]
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	-61,490	-88,166
Cash Flows From Investing Activities:
Distributions of capital from unconsolidated homebuilding joint ventures		229
Other investing activities	-697	-387
Net cash provided by (used in) investing activities	-697	-158
Cash Flows From Financing Activities:
Intercompany advances, net	61,909	88,516
Net cash provided by (used in) financing activities	61,909	88,516
Net increase (decrease) in cash and equivalents	-278	192
Cash and equivalents at beginning of period	1,061	494
Cash and equivalents at end of period	783	686
Non-Guarantor Subsidiaries [Member]
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	-6,439	7,451
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures	-7,639	-2,933
Distributions of capital from unconsolidated homebuilding joint ventures	5,732	14,579
Loan to parent and subsidiaries	10,000	-35,000
Other investing activities	-4,200	-1,064
Net cash provided by (used in) investing activities	3,893	-24,418
Cash Flows From Financing Activities:
Change in restricted cash	-1,019	-5,238
Principal payments on secured project debt and other notes payable	-311	-890
Net proceeds from (payments on) mortgage credit facilities	-77,876	-48,370
(Contributions to) distributions from Corporate and subsidiaries	-9,973	4,400
Intercompany advances, net	69,235	49,934
Net cash provided by (used in) financing activities	-19,944	-164
Net increase (decrease) in cash and equivalents	-22,490	-17,131
Cash and equivalents at beginning of period	78,028	187,508
Cash and equivalents at end of period	$55,538	$170,377