CalAtlantic (CAA) 10-Q 5 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 04, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	CalAtlantic Group, Inc.
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		121,017,696
Amendment Flag	false
Entity Central Index Key	878,560
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	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Homebuilding:
Home sale revenues	$ 626,008	$ 603,788	$ 1,789,065	$ 1,642,412
Land sale revenues	26,182	1,061	33,035	15,122
Total revenues	652,190	604,849	1,822,100	1,657,534
Cost of home sales	(467,358)	(444,898)	(1,346,108)	(1,207,339)
Cost of land sales	(25,076)	(891)	(30,190)	(14,245)
Total cost of sales	(492,434)	(445,789)	(1,376,298)	(1,221,584)
Gross margin	159,756	159,060	445,802	435,950
Selling, general and administrative expenses	(73,260)	(70,164)	(219,240)	(196,589)
Income (loss) from unconsolidated joint ventures	121	557	(381)	(342)
Other income (expense)	(11,170)	(69)	(16,742)	(445)
Homebuilding pretax income	75,447	89,384	209,439	238,574
Financial Services:
Revenues	6,130	6,179	17,765	17,275
Expenses	(4,079)	(3,673)	(12,626)	(10,873)
Other income	796	231	1,734	606
Financial services pretax income	2,847	2,737	6,873	7,008
Income before taxes	78,294	92,121	216,312	245,582
Provision for income taxes	(31,117)	(35,522)	(80,332)	(94,361)
Net income	47,177	56,599	135,980	151,221
Less: Net income allocated to preferred shareholder	(11,342)	(13,511)	(32,818)	(36,165)
Less: Net income allocated to unvested restricted stock	(93)	(77)	(274)	(211)
Net income available to common stockholders	$ 35,742	$ 43,011	$ 102,888	$ 114,845
Income Per Common Share:
Basic (in Dollars per share)	$ 0.65	$ 0.77	$ 1.87	$ 2.06
Diluted (in Dollars per share)	$ 0.59	$ 0.70	$ 1.71	$ 1.87
Weighted Average Common Shares Outstanding:
Basic (in Shares)	55,345,443	55,909,542	55,059,683	55,772,603
Diluted (in Shares)	62,292,524	63,423,385	62,152,754	63,338,361
Weighted average additional common shares outstanding if preferred shares converted to common shares (in Shares)	17,562,557	17,562,557	17,562,557	17,562,557
Total weighted average diluted common shares outstanding if preferred shares converted to common shares (in Shares)	79,855,081	80,985,942	79,715,311	80,900,918

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Homebuilding:
Cash and equivalents	$ 126,722	$ 212,393
Restricted cash	38,500
Investments in unconsolidated joint ventures	121,937	50,111
Total Assets	4,561,209	4,174,420
Owned	3,805,453	3,255,204
Not owned	47,333	85,153
Homebuilding:
Senior notes payable	2,104,212	2,131,393
Total Liabilities	2,753,882	2,497,732
Stockholders' Equity:
Preferred stock, $0.01 par value; 10,000,000 shares authorized; 53,565 shares issued and outstanding at September 30, 2015 and December 31, 2014	1	1
Common stock, $0.01 par value; 600,000,000 shares authorized; 55,444,065 and 55,028,238 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively	554	550
Additional paid-in capital	1,343,560	1,348,905
Accumulated earnings	463,212	327,232
Total Equity	1,807,327	1,676,688
Total Liabilities and Equity	4,561,209	4,174,420
Homebuilding [Member]
Homebuilding:
Cash and equivalents	97,854	180,428
Restricted cash	37,425	38,222
Investments in unconsolidated joint ventures	121,937	50,111
Deferred income taxes, net of valuation allowance of $1,115 and $2,561 at September 30, 2015 and December 31, 2014, respectively	255,297	276,402
Other assets	52,074	61,597
Total Assets	4,417,373	3,947,117
Owned	3,805,453	3,255,204
Not owned	47,333	85,153
Homebuilding:
Accounts payable	82,754	45,085
Accrued liabilities	209,872	223,783
Revolving credit facility	268,700
Secured project debt and other notes payable	5,855	4,689
Senior notes payable	2,104,212	2,131,393
Total Liabilities	2,671,393	2,404,950
Financial Services [Member]
Homebuilding:
Cash and equivalents	28,868	31,965
Restricted cash	1,045	1,295
Mortgage loans held for sale, net	86,064	174,420
Mortgage loans held for investment, net	22,087	14,380
Other assets	5,772	5,243
Total Assets	143,836	227,303
Homebuilding:
Accounts payable and other liabilities	3,630	3,369
Mortgage credit facilities	78,859	89,413
Total Liabilities	$ 82,489	$ 92,782

Condensed Consolidated Balance4

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Deferred income taxes, valuation allowance (in Dollars)	$ 1,100
Preferred stock, Par value (in Dollars per share)	$ 0.01
Preferred stock, Shares authorized	10,000,000
Preferred stock, Shares issued	53,565	53,565
Preferred stock, Shares outstanding	53,565	53,565
Common stock, Par value (in Dollars per share)	$ 0.01
Common stock, Shares authorized	600,000,000
Common stock, Shares issued	55,444,065	55,028,238
Common stock, Shares outstanding	55,444,065	55,028,238
Homebuilding [Member]
Deferred income taxes, valuation allowance (in Dollars)	$ 1,115	$ 2,561

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash Flows From Operating Activities:
Net income	$ 135,980	$ 151,221
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
(Income) loss from unconsolidated joint ventures	381	342
Cash distribution of income from unconsolidated joint ventures	592	1,875
Depreciation and amortization	22,369	18,908
Loss on disposal of property and equipment	41	6
Amortization of stock-based compensation	8,620	7,736
Excess tax benefits from share-based payment arrangements	(8,573)	(960)
Deferred income tax provision	52,132	94,474
Changes in cash and equivalents due to:
Mortgage loans held for sale	88,360	53,108
Inventories - owned	(521,646)	(562,812)
Inventories - not owned	(21,612)	(19,884)
Other assets	8,862	(14,645)
Accounts payable	37,669	14,753
Accrued liabilities	(19,005)	(2,668)
Net cash provided by (used in) operating activities	(215,830)	(258,546)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures	(83,288)	(7,948)
Distributions of capital from unconsolidated joint ventures	10,289	18,010
Net cash paid for acquisitions		(33,408)
Other investing activities	(11,716)	(1,984)
Net cash provided by (used in) investing activities	(84,715)	(25,330)
Cash Flows From Financing Activities:
Change in restricted cash	1,047	(15,567)
Borrowings from revolving credit facility	491,400
Principal payments on revolving credit facility	(222,700)
Principal payments on secured project debt and other notes payable	(569)	(1,399)
Principal payments on senior notes payable	(29,789)	(4,971)
Payment of debt issuance costs		(2,387)
Net proceeds from (payments on) mortgage credit facilities	(10,554)	(36,169)
Repurchases of common stock	(22,073)
Issuance of common stock under employee stock plans, net of tax withholdings	(461)	5,786
Excess tax benefits from share-based payment arrangements	8,573	960
Net cash provided by (used in) financing activities	214,874	(53,747)
Net increase (decrease) in cash and equivalents	(85,671)	(337,623)
Cash and equivalents at beginning of period	212,393	363,291
Cash and equivalents at end of year	126,722	25,668
Homebuilding restricted cash at end of period	37,425	37,027
Financial services restricted cash at end of period	1,045	1,295
Cash and equivalents and restricted cash at end of period	$ 165,192	$ 63,990

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Basis of Accounting [Text Block]	1. Basis of Presentation On October 1, 2015, pursuant to the terms and conditions of the Amended and Restated Agreement and Plan of Merger, dated as of June 14, 2015 (the “Merger Agreement”), between Standard Pacific Corp. (“Standard Pacific”) and The Ryland Group, Inc. (“Ryland”), Ryland merged with and into Standard Pacific (the “Merger”), with Standard Pacific continuing as the surviving corporation. At the same time: (i) Standard Pacific changed its name to “CalAtlantic Group, Inc.” (“the Company”) and effected a reverse stock split such that each five shares of common stock of Standard Pacific issued and outstanding immediately prior to the closing of the Merger were combined and converted into one issued and outstanding share of common stock of the Company (“Common Stock”), (ii) MP CA Homes, LLC (“MatlinPatterson”), the sole owner of the Company’s outstanding Series B Preferred Stock, converted all of its preferred stock to Common Stock, and (iii) each outstanding share of Ryland common stock, stock options and restricted stock units were converted into the right to receive, or the option to acquire, as applicable, 1.0191 shares of Common Stock. Cash was paid in lieu of all fractional shares. Please see Note 2 for additional information regarding the Merger. The accompanying condensed consolidated financial statements include the accounts of CalAtlantic Group, Inc. 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. Because the closing of the Merger occurred on October 1, 2015, Ryland’s results of operations are not included in the accompanying condensed financial statements. Certain information normally included in the annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") has also 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 September 30, 2015 and the results of operations and cash flows for the periods presented. Certain items in the prior period condensed consolidated financial statements have been reclassified to conform with the current period presentation, including per share related information. In accordance with ASC Topic 260, Earnings per Share 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 CalAtlantic Group, Inc. 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 - Subsequent Events

Note 2 - Subsequent Events	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	2. Subsequent Events a. Merger Agreement On October 1, 2015, pursuant to the terms of the Merger Agreement, Ryland merged with and into the Company, with the Company continuing as the surviving corporation. Please see Note 1 for additional information regarding the Merger. Based on the closing price of the Company’s Common Stock on September 30, 2015, and the 48.0 million shares of Common Stock that were issued to Ryland stockholders in connection with the Merger, the consideration received by Ryland stockholders had a value of approximately $1.9 billion. The calculation of the estimated consideration is subject to change as the Company is in process of completing the final analysis of certain components of the purchase price. The Merger will be accounted for as a business combination, with the Company deemed to be the accounting acquirer, in accordance with ASC Topic 805, Business Combinations The following unaudited pro forma homebuilding revenues for the three and nine months ended September 30, 2015 and 2014, assumes that the Merger was completed on January 1, 2014. These amounts are not intended to be a projection of future results and do not reflect the actual homebuilding revenues that might have been achieved by the Company if the Merger was completed on January 1, 2014. Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (Dollars in thousands) Homebuilding revenues $ 1,344,969 $ 1,273,087 $ 3,656,924 $ 3,373,501 Pro forma net income and pro forma earnings per share have not been presented as the Company is still completing the valuation studies necessary to arrive at these financial measures. The Company expects the valuation, among other things, may impact pro forma cost of home sales, other income (expense) and the income tax provision. During the three and nine months ended September 30, 2015, the Company incurred acquisition costs of $2.3 million and $7.5 million, respectively, associated with the Merger. In addition, the Company incurred integration and executive compensation costs related to the Merger of $6.7 million during the three and nine months ended September 30, 2015. The acquisition, integration and executive compensation costs related to the Merger were expensed as incurred and are included in other income (expense) in the unaudited condensed consolidated statements of operations. b. Revolving Credit Facility On October 5, 2015, the Company entered into a new credit agreement that effectively amended, restated and combined Standard Pacific’s previous $450 million senior unsecured revolving credit facility and Ryland’s $300 million senior unsecured revolving credit facility. The new credit agreement provides for total lending commitments of $750 million, $350 million of which will be available for letters of credit and has an accordion feature under which the Company may increase the total commitment up to a maximum aggregate amount of $1.2 billion, subject to certain conditions, including the availability of additional bank commitments. Please see Note 12 for additional information regarding the Company’s Revolving Credit Facility. c. Senior Notes Payable The Company’s Senior Notes and Ryland’s Senior Notes remain outstanding after the Merger. As required by the applicable note indentures, on October 1, 2015, the Company and certain former Ryland and Company subsidiaries entered into supplemental indentures and guarantees pursuant to which the Company formally assumed Ryland’s obligations under the Ryland Senior Notes, former Ryland subsidiaries that guaranteed the Ryland Senior Notes agreed to guarantee the Company’s Senior Notes and Company subsidiaries that guaranteed the Company’s Senior Notes agreed to guarantee the Ryland Senior Notes. The guarantees are unsecured obligations of each subsidiary, ranking equal in right of payment with all such subsidiary’s existing and future unsecured and unsubordinated indebtedness. Each of the notes rank equally with all of the Company’s other unsecured and unsubordinated indebtedness. d. Preferred Stock Prior to the Merger, MatlinPatterson held all of the outstanding shares (267,829 shares) of Company Series B Preferred Stock and 126.4 million shares of Common Stock, which, together, represented approximately 59% of the total number of shares of Company common stock issued and outstanding on an if-converted basis. Immediately following the Merger, after giving effect to the 1-for- 5 reverse stock split, MatlinPatterson converted all of their shares of preferred stock into 17.6 million shares of Common Stock. As of October 1, 2015, MatlinPatterson held 42.8 million shares (approximately 35%) of the Company’s outstanding Common Stock and no shares of preferred stock. e. Common Stock The following table summarizes the components of Common Stock outstanding immediately following the Merger as of October 1, 2015: As of Split/Exchange As Adjusted October 1, 2015 Ratio October 1, 2015 Common Stock - Standard Pacific 277,220,324 5 55,444,065 Common Stock - Ryland 46,856,558 1.0191 47,751,518 Accelerated Vesting of Ryland Equity Awards 234,751 1.0191 239,235 Preferred Stock - Standard Pacific 87,812,786 5 17,562,557 Fractional Shares Paid Out ― (661 ) Total 412,124,419 120,996,714

Note 3 - Recent Accounting Pron

Note 3 - Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2015
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements [Text Block]	3. 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 In April 2014, the FASB issued ASU No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date 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 Compensation — Stock Compensation In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties About an Entity's Ability to Continue as a Going Concern, In February 2015, the FASB issued ASU No. 2015-02, Amendments to the Consolidation Analysis, In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, In August 2015, the FASB issued ASU No. 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements — Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting In September 2015, the FASB issued ASU No. 2015-16, Simplifying the Accounting for Measurement-Period Adjustments

Note 4 - Segment Reporting

Note 4 - Segment Reporting	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	4. 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 mortgage financing operation (“ Standard Pacific Mortgage” ) 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, Florida and the Carolinas. 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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (Dollars in thousands) Homebuilding revenues: Southeast $ 211,759 $ 171,091 $ 556,330 $ 474,601 Southwest 155,595 128,916 461,304 329,930 West 284,836 304,842 804,466 853,003 Total homebuilding revenues $ 652,190 $ 604,849 $ 1,822,100 $ 1,657,534 Homebuilding pretax income: Southeast $ 19,379 $ 16,312 $ 44,909 $ 45,051 Southwest 16,552 12,407 49,817 32,738 West 39,516 60,665 114,713 160,785 Total homebuilding pretax income $ 75,447 $ 89,384 $ 209,439 $ 238,574 Segment financial information relating to the Company’s homebuilding assets was as follows: September 30, December 31, 2015 2014 (Dollars in thousands) Homebuilding assets: Southeast $ 1,290,874 $ 1,060,343 Southwest 666,391 624,765 West 2,073,094 1,744,308 Corporate 387,014 517,701 Total homebuilding assets $ 4,417,373 $ 3,947,117

Note 5 - Earnings Per Common Sh

Note 5 - Earnings Per Common Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	5. Earnings Per Common Share We compute earnings per share in accordance with 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. In connection with the closing of the Merger on October 1, 2015, the Company effected a reverse stock split such that each five shares of common stock of Standard Pacific common stock issued and outstanding immediately prior to the closing of the Merger were combined and converted into one issued and outstanding share of common stock of the Company. As required in accordance with GAAP , all share and earnings per share information noted below have been retroactively adjusted to reflect the reverse stock split. The following table sets forth the components used in the computation of basic and diluted earnings per common share. Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (Dollars in thousands, except per share amounts) Numerator: Net income $ 47,177 $ 56,599 $ 135,980 $ 151,221 Less: Net income allocated to preferred shareholder (11,342 ) (13,511 ) (32,818 ) (36,165 ) Less: Net income allocated to unvested restricted stock (93 ) (77 ) (274 ) (211 ) Net income available to common stockholders for basic earnings per common share 35,742 43,011 102,888 114,845 Effect of dilutive securities: Net income allocated to preferred shareholder 11,342 13,511 32,818 36,165 Interest on 1¼% convertible senior notes due 2032, capitalized and amortized in cost of sales 41 41 490 490 Net income available to common and preferred stock for diluted earnings per share $ 47,125 $ 56,563 $ 136,196 $ 151,500 Denominator: Weighted average basic common shares outstanding 55,345,443 55,909,542 55,059,683 55,772,603 Weighted average additional common shares outstanding if preferred shares converted to common shares (if dilutive) 17,562,557 17,562,557 17,562,557 17,562,557 Total weighted average common shares outstanding if preferred shares converted to common shares 72,908,000 73,472,099 72,622,240 73,335,160 Effect of dilutive securities: Share-based awards 684,511 1,251,273 830,501 1,303,188 1¼% convertible senior notes due 2032 6,262,570 6,262,570 6,262,570 6,262,570 Weighted average diluted shares outstanding 79,855,081 80,985,942 79,715,311 80,900,918 Income per common share: Basic $ 0.65 $ 0.77 $ 1.87 $ 2.06 Diluted $ 0.59 $ 0.70 $ 1.71 $ 1.87

Note 6 - Stock-based Compensati

Note 6 - Stock-based Compensation	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	6. 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 $3.5 million and $2.5 million for the three months ended September 30, 2015 and 2014, respectively. For the nine months ended September 30, 2015 and 2014, we recognized stock-based compensation expense of $8.6 million and $7.7 million, respectively. As of September 30, 2015, total unrecognized stock-based compensation expense was $16.4 million, with a weighted average period over which the remaining unrecognized compensation expense is expected to be recorded of approximately 2.1 years.

Note 7 - Cash and Equivalents a

Note 7 - Cash and Equivalents and Restricted Cash	9 Months Ended
	Sep. 30, 2015
Restricted Cash And Cash Equivalents [Abstract]
Restricted Cash And Cash Equivalents [Text Block]	7. Cash and Equivalents and Restricted Cash Cash and equivalents include cash on hand, demand deposits and all highly liquid short-term investments, including interest-bearing securities purchased with a maturity of three months or less from the date of purchase. At September 30, 2015, cash and equivalents included $31.6 million of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit. At September 30, 2015, restricted cash consisted of $38.5 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 ($37.4 million of homebuilding restricted cash and $1.1 million of financial services restricted cash).

Note 8 - Inventories

Note 8 - Inventories	9 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	8. Inventories a. Inventories Owned Inventories owned consisted of the following at: September 30, 2015 Southeast Southwest West Total (Dollars in thousands) Land and land under development $ 840,926 $ 340,918 $ 1,079,353 $ 2,261,197 Homes completed and under construction 346,696 269,667 683,248 1,299,611 Model homes 77,201 35,844 131,600 244,645 Total inventories owned $ 1,264,823 $ 646,429 $ 1,894,201 $ 3,805,453 December 31, 2014 Southeast Southwest West Total (Dollars in thousands) Land and land under development $ 722,166 $ 339,625 $ 1,186,498 $ 2,248,289 Homes completed and under construction 258,132 223,032 346,448 827,612 Model homes 53,103 36,199 90,001 179,303 Total inventories owned $ 1,033,401 $ 598,856 $ 1,622,947 $ 3,255,204 In accordance with ASC Topic 360, Property, Plant, and Equipment b. Inventories Not Owned Inventories not owned consisted of the following at: September 30, December 31, 2015 2014 (Dollars in thousands) Land purchase and lot option deposits $ 44,241 $ 47,472 Other lot option contracts, net of deposits 3,092 37,681 Total inventories not owned $ 47,333 $ 85,153 Under ASC Topic 810, Consolidation Other lot option contracts also included $3.1 million, as of September 30, 2015 and December 31, 2014, of purchase price allocated in connection with a business acquisition during the 2013 third 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 9 - Capitalization of Inte

Note 9 - Capitalization of Interest	9 Months Ended
	Sep. 30, 2015
Home Building Interest [Abstract]
Home Building Interest [Text Block]	9. 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 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 and nine months ended September 30, 2015 and 2014: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (Dollars in thousands) Total interest incurred $ 42,304 $ 37,308 $ 125,964 $ 113,735 Less: Interest capitalized to inventories owned (41,611 ) (36,927 ) (124,520 ) (112,368 ) Less: Interest capitalized to investments in unconsolidated joint ventures (693 ) (381 ) (1,444 ) (1,367 ) Interest expense ― ― ― ― Interest previously capitalized to inventories owned, included in cost of home sales $ 30,275 $ 28,872 $ 87,721 $ 83,052 Interest previously capitalized to inventories owned, included in cost of land sales $ 3,048 $ 87 $ 4,803 $ 706 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 $ 307,603 $ 275,367 $ 307,603 $ 275,367 Interest capitalized as a percentage of inventories owned 8.1 % 8.8 % 8.1 % 8.8 % Interest capitalized in ending investments in unconsolidated joint ventures (1) $ 2,109 $ 299 $ 2,109 $ 299 Interest capitalized as a percentage of investments in unconsolidated joint ventures 1.7 % 0.6 % 1.7 % 0.6 % (1) During the three and nine months ended September 30, 2014, in connection with lot purchases from our joint ventures, $2.0 million and $6.0 million, respectively, of capitalized interest was transferred from investments in unconsolidated joint ventures to inventories owned .

Note 10 - Investments in Uncons

Note 10 - Investments in Unconsolidated Land Development and Homebuilding Joint Ventures	9 Months Ended
	Sep. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	10. 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: Nine Months Ended September 30, 2015 2014 (Dollars in thousands) (Unaudited) Revenues $ 22,350 $ 31,225 Cost of sales and expenses (25,444 ) (35,943 ) Income (loss) of unconsolidated joint ventures $ (3,094 ) $ (4,718 ) Income (loss) from unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations $ (381 ) $ (342 ) 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 nine months ended September 30, 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 nine months ended September 30, 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 nine months ended September 30, 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: September 30, December 31, 2015 2014 (Dollars in thousands) (Unaudited) Assets: Cash $ 28,218 $ 29,472 Inventories 403,953 197,727 Other assets 13,975 10,372 Total assets $ 446,146 $ 237,571 Liabilities and Equity: Accounts payable and accrued liabilities $ 12,502 $ 16,173 Non-recourse debt 30,000 30,000 Standard Pacific equity 124,966 54,347 Other members' equity 278,678 137,051 Total liabilities and equity $ 446,146 $ 237,571 Investments in unconsolidated joint ventures reflected in the accompanying condensed consolidated balance sheets $ 121,937 $ 50,111 In some cases our net investment in these unconsolidated joint ventures is not equal to our proportionate share of total 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 September 30, 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 $2.1 million and $0.7 million of homebuilding interest capitalized to investments in unconsolidated joint ventures as of September 30, 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 September 30, 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 11 - Warranty Costs

Note 11 - Warranty Costs	9 Months Ended
	Sep. 30, 2015
Product Warranties Disclosures [Abstract]
Product Warranty Disclosure [Text Block]	11. 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: Nine Months Ended September 30, 2015 2014 (Dollars in thousands) Warranty accrual, beginning of the period $ 13,584 $ 13,811 Warranty costs accrued during the period 7,403 4,950 Warranty costs paid during the period (7,119 ) (5,615 ) Warranty accrual, end of the period $ 13,868 $ 13,146

Note 12 - Revolving Credit Faci

Note 12 - Revolving Credit Facility and Letter of Credit Facilities	9 Months Ended
	Sep. 30, 2015
Lineof Credit Facility [Abstract]
Lineof Credit Facility [Text Block]	12. Revolving Credit Facility and Letter of Credit Facilities As of September 30, 2015, we were party to a $450 million unsecured revolving credit facility which was set to mature in July 2018. Following the closing of the Merger with Ryland, on October 5, 2015, the Company entered into a new $750 million unsecured revolving credit facility. The new facility replaces and combines the Company’s $450 million facility and Ryland’s $300 million facility, providing for total lending commitments of $750 million, $350 million of which will be available for letters of credit. In addition, the new facility has an accordion feature under which the Company may increase the total commitment up to a maximum aggregate amount of $1.2 billion, subject to certain conditions, including the availability of additional bank commitments. The new facility matures on October 5, 2019. In addition to customary representations and warranties, the new facility also contains financial and other covenants, including a minimum tangible net worth requirement of $1.65 billion (which amount is subject to increase over time based on subsequent earnings and proceeds from equity offerings), a net homebuilding leverage covenant that prohibits the leverage ratio (as defined therein) from exceeding 2.00 to 1.00 and a land covenant which limits land not under development to an amount not to exceed tangible net worth. The Company is also required to maintain either (a) a minimum liquidity level (unrestricted cash in excess of interest incurred for the previous four quarters) or (b) a minimum interest coverage ratio (EBITDA to interest expense, as defined therein) of at least 1.25 to 1.00. The new facility also limits, among other things, the Company’s investments in joint ventures and the amount of the Company’s common stock that the Company can repurchase. Interest rates charged under the new revolving facility include LIBOR and prime rate pricing options. On October 5, 2015, the closing date of the new facility, no borrowings were outstanding and the Company had outstanding letters of credit issued under the new facility totaling $90.8 million, leaving $659.2 million available under the new facility to be drawn. Substantially all of our 100% owned active homebuilding subsidiaries are guarantors of the new facility. As of September 30, 2015, we were party to four committed letter of credit facilities totaling $48 million, of which $35.5 million was outstanding. These facilities require cash collateralization and have maturity dates ranging from October 2016 to October 2017. In addition, as of such date, we also had $0.2 million outstanding under an uncommitted letter of credit facility. As of September 30, 2015, these facilities were secured by cash collateral deposits of $36.3 million. Upon maturity, we may renew or enter into new letter of credit facilities with the same or other financial institutions.

Note 13 - Secured Project Debt

Note 13 - Secured Project Debt and Other Notes Payable	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	13. 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 September 30, 2015, we had approximately $5.9 million outstanding in secured project debt and other notes payable.

Note 14 - Senior Notes Payable

Note 14 - Senior Notes Payable	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Long-term Debt [Text Block]	14. Senior Notes Payable Senior notes payable consisted of the following at: September 30, December 31, 2015 2014 (Dollars in thousands) 7% Senior Notes due August 2015 $ ― $ 29,789 10—% Senior Notes due September 2016, net of discount 275,707 272,684 8⅜% Senior Notes due May 2018, net of premium 577,629 578,278 8⅜% Senior Notes due January 2021, net of discount 397,876 397,642 6¼% Senior Notes due December 2021 300,000 300,000 5 ⅞ % Senior Notes due November 2024 300,000 300,000 1¼% Convertible Senior Notes due August 2032 253,000 253,000 $ 2,104,212 $ 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 1.25% 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 10.75% 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 September 30, 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") guarantee 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 CalAtlantic Group, Inc. 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 21 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, after giving effect to the 1-for- 5 reverse stock split, at a conversion rate of 24.7532 shares of common stock per $1,000 principal amount of Convertible Notes (which is equal to a conversion price of approximately $40.40 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. We repaid the remaining $29.8 million principal balance of our 7% Senior Notes upon maturity in August 2015. All of the Company’s senior notes remained outstanding after the October 1, 2015 closing of the Company’s Merger with Ryland. In addition, all of Ryland’s senior notes, totaling $1.3 billion in aggregate principal amount as of October 1, 2015, remained outstanding following the merger. As required by the applicable note indentures, the Company and certain former Ryland and Company subsidiaries entered into supplemental indentures and guarantees pursuant to which the Company affirmed its assumption of Ryland Group, Inc.’s obligations under the Ryland senior notes, former Ryland subsidiaries that guaranteed the Ryland senior notes agreed to guarantee the Company’s senior notes and Company subsidiaries that guaranteed the Company’s senior notes agreed to guarantee the Ryland senior notes. The guarantees are unsecured obligations of each subsidiary, ranking equal in right of payment with all such subsidiary’s existing and future unsecured and unsubordinated indebtedness. Interest on each series of notes is payable semi-annually. Each of the Company senior notes and Ryland senior notes rank equally with all of the Company’s other unsecured and unsubordinated indebtedness.

Note 15 - Preferred Stock

Note 15 - Preferred Stock	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block Supplement [Abstract]
Preferred Stock [Text Block]	15. 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 ($15.25, 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 September 30, 2015, MatlinPatterson owned 267,829 shares of Series B Preferred Stock, which were convertible into 87.8 million shares of our common stock. MatlinPatterson also owned 126.4 million shares of our common stock. As of September 30, 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. Immediately following the Merger on October 1, 2015, after giving effect to the 1-for- 5 reverse stock split, MatlinPatterson converted all of their shares of Series B P referred Stock into 17.6 million shares of Common Stock. As of October 1, 2015, MatlinPatterson held 42.8 million shares (approximately 35%) of the Company’s outstanding Common Stock and no shares of preferred stock.

Note 16 - Mortgage Credit Facil

Note 16 - Mortgage Credit Facilities	9 Months Ended
	Sep. 30, 2015
Disclosure Of Warehouse Agreement Borrowings [Abstract]
Disclosure Of Warehouse Agreement Borrowings [Text Block]	16. Mortgage Credit Facilities At September 30, 2015, we had $78.9 million outstanding under our mortgage financing subsidiary’s mortgage credit facilities. These mortgage credit facilities consist of a $100 million repurchase facility ($25 million committed and $75 million uncommitted) with one lender, maturing in June 2016, and a $75 million repurchase facility with another lender, maturing in December 2015. These facilities require Standard Pacific Mortgage to maintain cash collateral accounts, which totaled $1.1 million as of September 30, 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 September 30, 2015, Standard Pacific Mortgage was in compliance with the financial and other covenants contained in these facilities. On October 2, 2015, Standard Pacific Mortgage amended its $100 million repurchase facility to increase the facility to $200 million ($25 million committed and $175 million uncommitted).

Note 17 - Disclosures about Fai

Note 17 - Disclosures about Fair Value	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	17. Disclosures about Fair Value ASC Topic 820, Fair Value Measurements and Disclosures • Level 1 – quoted prices for identical • Level 2 – quoted prices for similar • 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 September 30, 2015 December 31, 2014 (Dollars in thousands) Mortgage loans held for sale Level 2 $ 88,163 $ 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 September 30, 2015 December 31, 2014 Description Fair Value Hierarchy Carrying Amount Fair Value Carrying Amount Fair Value (Dollars in thousands) Financial services assets: Mortgage loans held for investment, net Level 2 $ 22,087 $ 22,087 $ 14,380 $ 14,380 Homebuilding liabilities: Senior notes payable, net Level 2 $ 2,104,212 $ 2,104,212 $ 2,131,393 $ 2,337,839 Mortgage Loans Held for Investment – Senior Notes Payable – 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 18 - Commitments and Conti

Note 18 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	18. 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 September 30, 2015, we had non-refundable cash deposits outstanding of approximately $43.1 million and capitalized pre-acquisition and other development and construction costs of approximately $9.1 million relating to land purchase and option contracts having a total remaining purchase price of approximately $447.3 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 September 30, 2015, we held membership interests in 19 homebuilding and land development joint ventures, of which eight were active and 11 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 2016. At September 30, 2015, we had no joint venture surety bonds outstanding. c. Surety Bonds We obtain surety bonds in the normal course of business to ensure completion of the infrastructure of our projects. At September 30, 2015, we had approximately $554.6 million in surety bonds outstanding, with respect to which we had an estimated $320.4 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 $109.1 million at September 30, 2015 and carried a weighted average interest rate of approximately 3.8%. Interest rate risks related to these obligations are mitigated through the preselling of loans to investors or through its interest rate hedging program. As of September 30, 2015, Standard Pacific Mortgage had approximately $27.1 million in closed mortgage loans held for sale and $26.1 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. In addition, as of September 30, 2015, Standard Pacific Mortgage had approximately $58.4 million in closed mortgage loans held for sale and $83.0 million of mortgage loans in process that were or are expected to be originated on a non-presold basis, all of which were hedged by forward sale commitments of mortgage-backed securities prior to entering into loan sale transactions with third party investors. 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 September 30, 2015, we had incurred an aggregate of $10.9 million in losses related to loan repurchases and make-whole payments we had been required to make on the $9.8 billion total dollar value of the loans we originated from the beginning of 2004 through the end of the third quarter of 2015. During the nine months ended September 30, 2015 and 2014, Standard Pacific Mortgage recorded loan loss expense related to indemnification and repurchase allowances of $0.1 million and $0.4 million, respectively. As of September 30, 2015, Standard Pacific Mortgage had indemnity and repurchase allowances related to loans sold of approximately $2.2 million. In addition, during the nine months ended September 30, 2015 and 2014, Standard Pacific Mortgage made make-whole payments totaling approximately $0.1 million related to three loans and $0.4 million related to nine loans, respectively. 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 September 30, 2015 and December 31, 2014 were $64.6 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 19 - Income Taxes

Note 19 - Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	19. Income Taxes We account for income taxes in accordance with ASC Topic 740, Income Taxes 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 third quarter provision for income taxes of $31.1 million primarily related to our $78.3 million of pretax income. As of September 30, 2015, we had a $256.4 million deferred tax asset which was offset by a valuation allowance of $1.1 million related to state net operating loss carryforwards that are limited by shorter carryforward periods. As of such date, $128.8 million of our deferred tax asset related to net operating loss carryforwards ($112.6 million of federal and state net operating loss carryforwards that were subject to the Section 382 gross annual limitation of $15.6 million for both federal and state purposes, and $16.2 million of state net operating loss carryforwards that were not subject to such limitation). The remaining deferred tax asset balance of $127.6 million represented deductible timing differences, primarily related to inventory impairments and financial accruals, which have no expiration date. As of September 30, 2015 and December 31, 2014, our liability for unrecognized tax benefits was $4.4 million and $2.5 million, respectively, which is included in accrued liabilities in the accompanying condensed consolidated balance sheets. In addition, as of September 30, 2015, we remained subject to examination by various tax jurisdictions for the tax years ended December 31, 2010 through 2014.

Note 20 - Supplemental Disclosu

Note 20 - Supplemental Disclosures to Condensed Consolidated Statements of Cash Flows	9 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Elements [Abstract]
Cash Flow, Supplemental Disclosures [Text Block]	20. Supplemental Disclosures to Condensed Consolidated Statements of Cash Flows The following are supplemental disclosures to the condensed consolidated statements of cash flows: Nine Months Ended September 30, 2015 2014 (Dollars in thousands) Supplemental Disclosures of Cash Flow Information: Cash paid during the period for: Income taxes $ 66,310 $ 6,766 Supplemental Disclosures of Noncash Activities: Liabilities assumed in connection with acquisitions ― $ 4,170

Note 21 - Supplemental Guaranto

Note 21 - Supplemental Guarantor Information	9 Months Ended
	Sep. 30, 2015
Supplemental Guarantor Information [Abstract]
Supplemental Guarantor Information [Text Block]	21. S upplemental Guarantor Information Certain of our 100% owned direct and indirect subsidiaries guarantee our outstanding senior notes payable (please see Note 14 "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 September 30, 2015 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 172,420 $ 296,420 $ 183,350 ― $ 652,190 Cost of sales (132,775 ) (226,945 ) (132,714 ) ― (492,434 ) Gross margin 39,645 69,475 50,636 ― 159,756 Selling, general and administrative expenses (21,582 ) (37,660 ) (14,018 ) ― (73,260 ) Income (loss) from unconsolidated joint ventures 14 ― 107 ― 121 Equity income of subsidiaries 48,155 ― ― (48,155 ) ― Interest income (expense), net 3,109 (2,160 ) (949 ) ― ― Other income (expense) (11,782 ) (212 ) 824 ― (11,170 ) Homebuilding pretax income 57,559 29,443 36,600 (48,155 ) 75,447 Financial Services: Financial services pretax income ― ― 2,847 ― 2,847 Income before taxes 57,559 29,443 39,447 (48,155 ) 78,294 Provision for income taxes (10,382 ) (13,931 ) (6,804 ) ― (31,117 ) Net income $ 47,177 $ 15,512 $ 32,643 $ (48,155 ) $ 47,177 Three Months Ended September 30, 2014 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 197,617 $ 246,839 $ 160,393 ― $ 604,849 Cost of sales (145,278 ) (188,601 ) (111,910 ) ― (445,789 ) Gross margin 52,339 58,238 48,483 ― 159,060 Selling, general and administrative expenses (24,974 ) (32,465 ) (12,725 ) ― (70,164 ) Income (loss) from unconsolidated joint ventures 64 142 351 ― 557 Equity income of subsidiaries 41,821 ― ― (41,821 ) ― Interest income (expense), net 3,204 (2,875 ) (329 ) ― ― Other income (expense) (1,128 ) (45 ) 1,104 ― (69 ) Homebuilding pretax income 71,326 22,995 36,884 (41,821 ) 89,384 Financial Services: Financial services pretax income ― ― 2,737 ― 2,737 Income before taxes 71,326 22,995 39,621 (41,821 ) 92,121 Provision for income taxes (14,727 ) (10,169 ) (10,626 ) ― (35,522 ) Net income $ 56,599 $ 12,826 $ 28,995 $ (41,821 ) $ 56,599 Nine Months Ended September 30, 2015 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 500,500 $ 840,513 $ 481,087 ― $ 1,822,100 Cost of sales (380,929 ) (646,798 ) (348,571 ) ― (1,376,298 ) Gross margin 119,571 193,715 132,516 ― 445,802 Selling, general and administrative expenses (69,121 ) (110,934 ) (39,185 ) ― (219,240 ) Income (loss) from unconsolidated joint ventures 36 ― (417 ) ― (381 ) Equity income of subsidiaries 121,691 ― ― (121,691 ) ― Interest income (expense), net 9,507 (7,369 ) (2,138 ) ― ― Other income (expense) (19,223 ) (435 ) 2,916 ― (16,742 ) Homebuilding pretax income 162,461 74,977 93,692 (121,691 ) 209,439 Financial Services: Financial services pretax income ― ― 6,873 ― 6,873 Income before taxes 162,461 74,977 100,565 (121,691 ) 216,312 Provision for income taxes (26,481 ) (34,502 ) (19,349 ) ― (80,332 ) Net income $ 135,980 $ 40,475 $ 81,216 $ (121,691 ) $ 135,980 Ni ne Months Ended September 30, 2014 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 576,620 $ 702,868 $ 378,046 ― $ 1,657,534 Cost of sales (422,399 ) (531,224 ) (267,961 ) ― (1,221,584 ) Gross margin 154,221 171,644 110,085 ― 435,950 Selling, general and administrative expenses (74,416 ) (92,599 ) (29,574 ) ― (196,589 ) Income (loss) from unconsolidated joint ventures (49 ) 170 (463 ) ― (342 ) Equity income of subsidiaries 107,894 ― ― (107,894 ) ― Interest income (expense), net 10,163 (8,529 ) (1,634 ) ― ― Other income (expense) (2,180 ) (298 ) 2,033 ― (445 ) Homebuilding pretax income 195,633 70,388 80,447 (107,894 ) 238,574 Financial Services: Financial services pretax income ― ― 7,008 ― 7,008 Income before taxes 195,633 70,388 87,455 (107,894 ) 245,582 Provision for income taxes (44,412 ) (27,713 ) (22,236 ) ― (94,361 ) Net income $ 151,221 $ 42,675 $ 65,219 $ (107,894 ) $ 151,221 September 30, 2015 CalAtlantic Group, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) ASSETS Homebuilding: Cash and equivalents $ 61,416 $ 9,803 $ 26,635 ― $ 97,854 Restricted cash ― ― 37,425 ― 37,425 Intercompany receivables 1,830,064 ― 105,856 (1,935,920 ) ― Inventories: Owned 1,228,171 1,319,062 1,258,220 ― 3,805,453 Not owned 14,879 16,382 16,072 ― 47,333 Investments in unconsolidated joint ventures (1,618 ) (69 ) 123,624 ― 121,937 Investments in subsidiaries 1,065,251 ― ― (1,065,251 ) ― Deferred income taxes, net 264,667 ― ― (9,370 ) 255,297 Other assets 36,824 11,103 4,147 ― 52,074 Total Homebuilding Assets 4,499,654 1,356,281 1,571,979 3,010,541 4,417,373 Financial Services: Cash and equivalents ― ― 28,868 ― 28,868 Restricted cash ― ― 1,045 ― 1,045 Mortgage loans held for sale, net ― ― 86,064 ― 86,064 Mortgage loans held for investment, net ― ― 22,087 ― 22,087 Other assets ― ― 7,448 (1,676 ) 5,772 Total Financial Services Assets ― ― 145,512 (1,676 ) 143,836 Total Assets 4,499,654 $ 1,356,281 $ 1,717,491 (3,012,217 ) $ 4,561,209 LIABILITIES AND EQUITY Homebuilding: Accounts payable $ 22,040 $ 33,958 $ 26,756 ― $ 82,754 Accrued liabilities and intercompany payables 193,756 923,146 921,004 (1,828,034 ) 209,872 Revolving credit facility 268,700 ― ― ― 268,700 Secured project debt, other notes payable and intercompany loans 103,619 ― 4,131 (101,895 ) 5,855 Senior notes payable 2,104,212 ― ― ― 2,104,212 Total Homebuilding Liabilities 2,692,327 957,104 951,891 (1,929,929 ) 2,671,393 Financial Services: Accounts payable and other liabilities ― ― 20,667 (17,037 ) 3,630 Mortgage credit facilities ― ― 78,859 ― 78,859 Total Financial Services Liabilities ― ― 99,526 (17,037 ) 82,489 Total Liabilities 2,692,327 957,104 1,051,417 (1,946,966 ) 2,753,882 Equity: Total Equity 1,807,327 399,177 666,074 (1,065,251 ) 1,807,327 Total Liabilities and Equity 4,499,654 $ 1,356,281 $ 1,717,491 (3,012,217 ) $ 4,561,209 December 31, 2014 CalAtlantic Group, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) ASSETS Homebuilding: Cash and equivalents $ 133,304 $ 1,061 $ 46,063 ― $ 180,428 Restricted cash ― ― 38,222 ― 38,222 Intercompany receivables 1,637,226 ― 184,772 (1,821,998 ) ― 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 42,224 11,234 8,139 ― 61,597 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 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 Nine Months Ended September 30, 2015 CalAtlantic Group, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Cash Flows From Operating Activities: Net cash provided by (used in) operating activities $ (116,827 ) $ (14,645 ) $ (84,358 ) ― $ (215,830 ) Cash Flows From Investing Activities: Investments in unconsolidated homebuilding joint ventures ― ― (83,288 ) ― (83,288 ) Distributions of capital from unconsolidated homebuilding joint ventures ― ― 10,289 ― 10,289 Loan to subsidiaries ― ― 80,000 (80,000 ) ― Other investing activities (2,308 ) (1,605 ) (7,803 ) ― (11,716 ) Net cash provided by (used in) investing activities (2,308 ) (1,605 ) (802 ) (80,000 ) (84,715 ) Cash Flows From Financing Activities: Change in restricted cash ― ― 1,047 ― 1,047 Borrowings from revolving credit facility 491,400 ― ― ― 491,400 Principal payments on revolving credit facility (222,700 ) ― ― ― (222,700 ) Principal payments on secured project debt and other notes payable ― ― (569 ) ― (569 ) Principal payments on senior notes payable (29,789 ) ― ― ― (29,789 ) Net proceeds from (payments on) mortgage credit facilities ― ― (90,554 ) 80,000 (10,554 ) (Contributions to) distributions from Corporate and subsidiaries 14,373 (31,719 ) 17,346 ― ― Repurchase of common stock (22,073 ) ― ― ― (22,073 ) Issuance of common stock under employee stock plans, net of tax withholdings (461 ) ― ― ― (461 ) Excess tax benefits from share-based payment arrangements 8,573 ― ― ― 8,573 Intercompany advances, net (192,076 ) 56,711 135,365 ― ― Net cash provided by (used in) financing activities 47,247 24,992 62,635 80,000 214,874 Net increase (decrease) in cash and equivalents (71,888 ) 8,742 (22,525 ) ― (85,671 ) Cash and equivalents at beginning of period 133,304 1,061 78,028 ― 212,393 Cash and equivalents at end of period $ 61,416 $ 9,803 $ 55,503 ― $ 126,722 Issuance of common stock under employee stock plans, net of tax withholdings Nine Months Ended September 30, 2014 CalAtlantic Group, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Cash Flows From Operating Activities: Net cash provided by (used in) operating activities $ 14,398 $ (174,601 ) $ (83,784 ) $ (14,559 ) (258,546 ) Cash Flows From Investing Activities: Investments in unconsolidated homebuilding joint ventures 144 2 (8,094 ) ― (7,948 ) Distributions of capital from unconsolidated homebuilding joint ventures 227 229 17,554 ― 18,010 Net cash paid for acquisitions (35,685 ) ― 2,277 ― (33,408 ) Loan to parent ― ― (190,000 ) 190,000 ― Other investing activities (1,367 ) (1,108 ) 491 ― (1,984 ) Net cash provided by (used in) investing activities (36,681 ) (877 ) (177,772 ) 190,000 (25,330 ) Cash Flows From Financing Activities: Change in restricted cash ― ― (15,567 ) ― (15,567 ) Principal payments on secured project debt and other notes payable ― ― (1,399 ) ― (1,399 ) Principal payments on senior notes payable (4,971 ) ― ― ― (4,971 ) Payment of debt issuance costs (2,387 ) ― ― ― (2,387 ) Loan from subsidiary 190,000 ― ― (190,000 ) ― Net proceeds from (payments on) mortgage credit facilities ― ― (36,169 ) ― (36,169 ) (Contributions to) distributions from Corporate and subsidiaries 3,650 ― (3,650 ) ― ― Issuance of common stock under employee stock plans, net of tax withholdings 5,786 ― ― ― 5,786 Excess tax benefits from share-based payment arrangements 960 ― ― ― 960 Intercompany advances, net (345,307 ) 175,834 169,473 ― ― Net cash provided by (used in) financing activities (152,269 ) 175,834 112,688 (190,000 ) (53,747 ) Net increase (decrease) in cash and equivalents (174,552 ) 356 (148,868 ) (14,559 ) (337,623 ) Cash and equivalents at beginning of period 175,289 494 187,508 ― 363,291 Cash and equivalents at end of period $ 737 $ 850 $ 38,640 $ (14,559 ) $ 25,668

Note 2 - Subsequent Events (Tab

Note 2 - Subsequent Events (Tables)	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Business Acquisition, Pro Forma Information [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (Dollars in thousands) Homebuilding revenues $ 1,344,969 $ 1,273,087 $ 3,656,924 $ 3,373,501
Schedule of Components of Common Stock Following Merger [Table Text Block]	As of Split/Exchange As Adjusted October 1, 2015 Ratio October 1, 2015 Common Stock - Standard Pacific 277,220,324 5 55,444,065 Common Stock - Ryland 46,856,558 1.0191 47,751,518 Accelerated Vesting of Ryland Equity Awards 234,751 1.0191 239,235 Preferred Stock - Standard Pacific 87,812,786 5 17,562,557 Fractional Shares Paid Out ― (661 ) Total 412,124,419 120,996,714

Note 4 - Segment Reporting (Tab

Note 4 - Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (Dollars in thousands) Homebuilding revenues: Southeast $ 211,759 $ 171,091 $ 556,330 $ 474,601 Southwest 155,595 128,916 461,304 329,930 West 284,836 304,842 804,466 853,003 Total homebuilding revenues $ 652,190 $ 604,849 $ 1,822,100 $ 1,657,534 Homebuilding pretax income: Southeast $ 19,379 $ 16,312 $ 44,909 $ 45,051 Southwest 16,552 12,407 49,817 32,738 West 39,516 60,665 114,713 160,785 Total homebuilding pretax income $ 75,447 $ 89,384 $ 209,439 $ 238,574
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	September 30, December 31, 2015 2014 (Dollars in thousands) Homebuilding assets: Southeast $ 1,290,874 $ 1,060,343 Southwest 666,391 624,765 West 2,073,094 1,744,308 Corporate 387,014 517,701 Total homebuilding assets $ 4,417,373 $ 3,947,117

Note 5 - Earnings Per Common 29

Note 5 - Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (Dollars in thousands, except per share amounts) Numerator: Net income $ 47,177 $ 56,599 $ 135,980 $ 151,221 Less: Net income allocated to preferred shareholder (11,342 ) (13,511 ) (32,818 ) (36,165 ) Less: Net income allocated to unvested restricted stock (93 ) (77 ) (274 ) (211 ) Net income available to common stockholders for basic earnings per common share 35,742 43,011 102,888 114,845 Effect of dilutive securities: Net income allocated to preferred shareholder 11,342 13,511 32,818 36,165 Interest on 1¼% convertible senior notes due 2032, capitalized and amortized in cost of sales 41 41 490 490 Net income available to common and preferred stock for diluted earnings per share $ 47,125 $ 56,563 $ 136,196 $ 151,500 Denominator: Weighted average basic common shares outstanding 55,345,443 55,909,542 55,059,683 55,772,603 Weighted average additional common shares outstanding if preferred shares converted to common shares (if dilutive) 17,562,557 17,562,557 17,562,557 17,562,557 Total weighted average common shares outstanding if preferred shares converted to common shares 72,908,000 73,472,099 72,622,240 73,335,160 Effect of dilutive securities: Share-based awards 684,511 1,251,273 830,501 1,303,188 1¼% convertible senior notes due 2032 6,262,570 6,262,570 6,262,570 6,262,570 Weighted average diluted shares outstanding 79,855,081 80,985,942 79,715,311 80,900,918 Income per common share: Basic $ 0.65 $ 0.77 $ 1.87 $ 2.06 Diluted $ 0.59 $ 0.70 $ 1.71 $ 1.87

Note 8 - Inventories (Tables)

Note 8 - Inventories (Tables)	9 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Inventories Owned [Table Text Block]	September 30, 2015 Southeast Southwest West Total (Dollars in thousands) Land and land under development $ 840,926 $ 340,918 $ 1,079,353 $ 2,261,197 Homes completed and under construction 346,696 269,667 683,248 1,299,611 Model homes 77,201 35,844 131,600 244,645 Total inventories owned $ 1,264,823 $ 646,429 $ 1,894,201 $ 3,805,453 December 31, 2014 Southeast Southwest West Total (Dollars in thousands) Land and land under development $ 722,166 $ 339,625 $ 1,186,498 $ 2,248,289 Homes completed and under construction 258,132 223,032 346,448 827,612 Model homes 53,103 36,199 90,001 179,303 Total inventories owned $ 1,033,401 $ 598,856 $ 1,622,947 $ 3,255,204
Inventory Real Estate Not Owned [Table Text Block]	September 30, December 31, 2015 2014 (Dollars in thousands) Land purchase and lot option deposits $ 44,241 $ 47,472 Other lot option contracts, net of deposits 3,092 37,681 Total inventories not owned $ 47,333 $ 85,153

Note 9 - Capitalization of In31

Note 9 - Capitalization of Interest (Tables)	9 Months Ended
	Sep. 30, 2015
Home Building Interest [Abstract]
Schedule of Capitalized Interest [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (Dollars in thousands) Total interest incurred $ 42,304 $ 37,308 $ 125,964 $ 113,735 Less: Interest capitalized to inventories owned (41,611 ) (36,927 ) (124,520 ) (112,368 ) Less: Interest capitalized to investments in unconsolidated joint ventures (693 ) (381 ) (1,444 ) (1,367 ) Interest expense ― ― ― ― Interest previously capitalized to inventories owned, included in cost of home sales $ 30,275 $ 28,872 $ 87,721 $ 83,052 Interest previously capitalized to inventories owned, included in cost of land sales $ 3,048 $ 87 $ 4,803 $ 706 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 $ 307,603 $ 275,367 $ 307,603 $ 275,367 Interest capitalized as a percentage of inventories owned 8.1 % 8.8 % 8.1 % 8.8 % Interest capitalized in ending investments in unconsolidated joint ventures (1) $ 2,109 $ 299 $ 2,109 $ 299 Interest capitalized as a percentage of investments in unconsolidated joint ventures 1.7 % 0.6 % 1.7 % 0.6 %

Note 10 - Investments in Unco32

Note 10 - Investments in Unconsolidated Land Development and Homebuilding Joint Ventures (Tables)	9 Months Ended
	Sep. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Combined Statements of Operations for Unconsolidated Land Development and Homebuilding Joint Ventures [Table Text Block]	Nine Months Ended September 30, 2015 2014 (Dollars in thousands) (Unaudited) Revenues $ 22,350 $ 31,225 Cost of sales and expenses (25,444 ) (35,943 ) Income (loss) of unconsolidated joint ventures $ (3,094 ) $ (4,718 ) Income (loss) from unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations $ (381 ) $ (342 )
Combined Balance Sheets for Unconsolidated Land Development and Homebuilding Joint Ventures [Table Text Block]	September 30, December 31, 2015 2014 (Dollars in thousands) (Unaudited) Assets: Cash $ 28,218 $ 29,472 Inventories 403,953 197,727 Other assets 13,975 10,372 Total assets $ 446,146 $ 237,571 Liabilities and Equity: Accounts payable and accrued liabilities $ 12,502 $ 16,173 Non-recourse debt 30,000 30,000 Standard Pacific equity 124,966 54,347 Other members' equity 278,678 137,051 Total liabilities and equity $ 446,146 $ 237,571 Investments in unconsolidated joint ventures reflected in the accompanying condensed consolidated balance sheets $ 121,937 $ 50,111

Note 11 - Warranty Costs (Table

Note 11 - Warranty Costs (Tables)	9 Months Ended
	Sep. 30, 2015
Product Warranties Disclosures [Abstract]
Schedule of Product Warranty Liability [Table Text Block]	Nine Months Ended September 30, 2015 2014 (Dollars in thousands) Warranty accrual, beginning of the period $ 13,584 $ 13,811 Warranty costs accrued during the period 7,403 4,950 Warranty costs paid during the period (7,119 ) (5,615 ) Warranty accrual, end of the period $ 13,868 $ 13,146

Note 14 - Senior Notes Payable

Note 14 - Senior Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Schedule of Debt [Table Text Block]	September 30, December 31, 2015 2014 (Dollars in thousands) 7% Senior Notes due August 2015 $ ― $ 29,789 10—% Senior Notes due September 2016, net of discount 275,707 272,684 8⅜% Senior Notes due May 2018, net of premium 577,629 578,278 8⅜% Senior Notes due January 2021, net of discount 397,876 397,642 6¼% Senior Notes due December 2021 300,000 300,000 5 ⅞ % Senior Notes due November 2024 300,000 300,000 1¼% Convertible Senior Notes due August 2032 253,000 253,000 $ 2,104,212 $ 2,131,393

Note 17 - Disclosures about F35

Note 17 - Disclosures about Fair Value (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Fair Value at Description Fair Value Hierarchy September 30, 2015 December 31, 2014 (Dollars in thousands) Mortgage loans held for sale Level 2 $ 88,163 $ 176,511
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	September 30, 2015 December 31, 2014 Description Fair Value Hierarchy Carrying Amount Fair Value Carrying Amount Fair Value (Dollars in thousands) Financial services assets: Mortgage loans held for investment, net Level 2 $ 22,087 $ 22,087 $ 14,380 $ 14,380 Homebuilding liabilities: Senior notes payable, net Level 2 $ 2,104,212 $ 2,104,212 $ 2,131,393 $ 2,337,839

Note 20 - Supplemental Disclo36

Note 20 - Supplemental Disclosures to Condensed Consolidated Statements of Cash Flows (Tables)	9 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Nine Months Ended September 30, 2015 2014 (Dollars in thousands) Supplemental Disclosures of Cash Flow Information: Cash paid during the period for: Income taxes $ 66,310 $ 6,766 Supplemental Disclosures of Noncash Activities: Liabilities assumed in connection with acquisitions ― $ 4,170

Note 21 - Supplemental Guaran37

Note 21 - Supplemental Guarantor Information (Tables)	9 Months Ended
	Sep. 30, 2015
Supplemental Guarantor Information [Abstract]
Supplemental Condensed Consolidating Statements of Operations [Table Text Block]	Three Months Ended September 30, 2015 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 172,420 $ 296,420 $ 183,350 ― $ 652,190 Cost of sales (132,775 ) (226,945 ) (132,714 ) ― (492,434 ) Gross margin 39,645 69,475 50,636 ― 159,756 Selling, general and administrative expenses (21,582 ) (37,660 ) (14,018 ) ― (73,260 ) Income (loss) from unconsolidated joint ventures 14 ― 107 ― 121 Equity income of subsidiaries 48,155 ― ― (48,155 ) ― Interest income (expense), net 3,109 (2,160 ) (949 ) ― ― Other income (expense) (11,782 ) (212 ) 824 ― (11,170 ) Homebuilding pretax income 57,559 29,443 36,600 (48,155 ) 75,447 Financial Services: Financial services pretax income ― ― 2,847 ― 2,847 Income before taxes 57,559 29,443 39,447 (48,155 ) 78,294 Provision for income taxes (10,382 ) (13,931 ) (6,804 ) ― (31,117 ) Net income $ 47,177 $ 15,512 $ 32,643 $ (48,155 ) $ 47,177 Three Months Ended September 30, 2014 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 197,617 $ 246,839 $ 160,393 ― $ 604,849 Cost of sales (145,278 ) (188,601 ) (111,910 ) ― (445,789 ) Gross margin 52,339 58,238 48,483 ― 159,060 Selling, general and administrative expenses (24,974 ) (32,465 ) (12,725 ) ― (70,164 ) Income (loss) from unconsolidated joint ventures 64 142 351 ― 557 Equity income of subsidiaries 41,821 ― ― (41,821 ) ― Interest income (expense), net 3,204 (2,875 ) (329 ) ― ― Other income (expense) (1,128 ) (45 ) 1,104 ― (69 ) Homebuilding pretax income 71,326 22,995 36,884 (41,821 ) 89,384 Financial Services: Financial services pretax income ― ― 2,737 ― 2,737 Income before taxes 71,326 22,995 39,621 (41,821 ) 92,121 Provision for income taxes (14,727 ) (10,169 ) (10,626 ) ― (35,522 ) Net income $ 56,599 $ 12,826 $ 28,995 $ (41,821 ) $ 56,599 Nine Months Ended September 30, 2015 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 500,500 $ 840,513 $ 481,087 ― $ 1,822,100 Cost of sales (380,929 ) (646,798 ) (348,571 ) ― (1,376,298 ) Gross margin 119,571 193,715 132,516 ― 445,802 Selling, general and administrative expenses (69,121 ) (110,934 ) (39,185 ) ― (219,240 ) Income (loss) from unconsolidated joint ventures 36 ― (417 ) ― (381 ) Equity income of subsidiaries 121,691 ― ― (121,691 ) ― Interest income (expense), net 9,507 (7,369 ) (2,138 ) ― ― Other income (expense) (19,223 ) (435 ) 2,916 ― (16,742 ) Homebuilding pretax income 162,461 74,977 93,692 (121,691 ) 209,439 Financial Services: Financial services pretax income ― ― 6,873 ― 6,873 Income before taxes 162,461 74,977 100,565 (121,691 ) 216,312 Provision for income taxes (26,481 ) (34,502 ) (19,349 ) ― (80,332 ) Net income $ 135,980 $ 40,475 $ 81,216 $ (121,691 ) $ 135,980 Ni ne Months Ended September 30, 2014 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 576,620 $ 702,868 $ 378,046 ― $ 1,657,534 Cost of sales (422,399 ) (531,224 ) (267,961 ) ― (1,221,584 ) Gross margin 154,221 171,644 110,085 ― 435,950 Selling, general and administrative expenses (74,416 ) (92,599 ) (29,574 ) ― (196,589 ) Income (loss) from unconsolidated joint ventures (49 ) 170 (463 ) ― (342 ) Equity income of subsidiaries 107,894 ― ― (107,894 ) ― Interest income (expense), net 10,163 (8,529 ) (1,634 ) ― ― Other income (expense) (2,180 ) (298 ) 2,033 ― (445 ) Homebuilding pretax income 195,633 70,388 80,447 (107,894 ) 238,574 Financial Services: Financial services pretax income ― ― 7,008 ― 7,008 Income before taxes 195,633 70,388 87,455 (107,894 ) 245,582 Provision for income taxes (44,412 ) (27,713 ) (22,236 ) ― (94,361 ) Net income $ 151,221 $ 42,675 $ 65,219 $ (107,894 ) $ 151,221
Supplemental Condensed Consolidating Balance Sheets [Table Text Block]	September 30, 2015 CalAtlantic Group, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) ASSETS Homebuilding: Cash and equivalents $ 61,416 $ 9,803 $ 26,635 ― $ 97,854 Restricted cash ― ― 37,425 ― 37,425 Intercompany receivables 1,830,064 ― 105,856 (1,935,920 ) ― Inventories: Owned 1,228,171 1,319,062 1,258,220 ― 3,805,453 Not owned 14,879 16,382 16,072 ― 47,333 Investments in unconsolidated joint ventures (1,618 ) (69 ) 123,624 ― 121,937 Investments in subsidiaries 1,065,251 ― ― (1,065,251 ) ― Deferred income taxes, net 264,667 ― ― (9,370 ) 255,297 Other assets 36,824 11,103 4,147 ― 52,074 Total Homebuilding Assets 4,499,654 1,356,281 1,571,979 3,010,541 4,417,373 Financial Services: Cash and equivalents ― ― 28,868 ― 28,868 Restricted cash ― ― 1,045 ― 1,045 Mortgage loans held for sale, net ― ― 86,064 ― 86,064 Mortgage loans held for investment, net ― ― 22,087 ― 22,087 Other assets ― ― 7,448 (1,676 ) 5,772 Total Financial Services Assets ― ― 145,512 (1,676 ) 143,836 Total Assets 4,499,654 $ 1,356,281 $ 1,717,491 (3,012,217 ) $ 4,561,209 LIABILITIES AND EQUITY Homebuilding: Accounts payable $ 22,040 $ 33,958 $ 26,756 ― $ 82,754 Accrued liabilities and intercompany payables 193,756 923,146 921,004 (1,828,034 ) 209,872 Revolving credit facility 268,700 ― ― ― 268,700 Secured project debt, other notes payable and intercompany loans 103,619 ― 4,131 (101,895 ) 5,855 Senior notes payable 2,104,212 ― ― ― 2,104,212 Total Homebuilding Liabilities 2,692,327 957,104 951,891 (1,929,929 ) 2,671,393 Financial Services: Accounts payable and other liabilities ― ― 20,667 (17,037 ) 3,630 Mortgage credit facilities ― ― 78,859 ― 78,859 Total Financial Services Liabilities ― ― 99,526 (17,037 ) 82,489 Total Liabilities 2,692,327 957,104 1,051,417 (1,946,966 ) 2,753,882 Equity: Total Equity 1,807,327 399,177 666,074 (1,065,251 ) 1,807,327 Total Liabilities and Equity 4,499,654 $ 1,356,281 $ 1,717,491 (3,012,217 ) $ 4,561,209 December 31, 2014 CalAtlantic Group, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) ASSETS Homebuilding: Cash and equivalents $ 133,304 $ 1,061 $ 46,063 ― $ 180,428 Restricted cash ― ― 38,222 ― 38,222 Intercompany receivables 1,637,226 ― 184,772 (1,821,998 ) ― 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 42,224 11,234 8,139 ― 61,597 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 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]	Nine Months Ended September 30, 2015 CalAtlantic Group, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Cash Flows From Operating Activities: Net cash provided by (used in) operating activities $ (116,827 ) $ (14,645 ) $ (84,358 ) ― $ (215,830 ) Cash Flows From Investing Activities: Investments in unconsolidated homebuilding joint ventures ― ― (83,288 ) ― (83,288 ) Distributions of capital from unconsolidated homebuilding joint ventures ― ― 10,289 ― 10,289 Loan to subsidiaries ― ― 80,000 (80,000 ) ― Other investing activities (2,308 ) (1,605 ) (7,803 ) ― (11,716 ) Net cash provided by (used in) investing activities (2,308 ) (1,605 ) (802 ) (80,000 ) (84,715 ) Cash Flows From Financing Activities: Change in restricted cash ― ― 1,047 ― 1,047 Borrowings from revolving credit facility 491,400 ― ― ― 491,400 Principal payments on revolving credit facility (222,700 ) ― ― ― (222,700 ) Principal payments on secured project debt and other notes payable ― ― (569 ) ― (569 ) Principal payments on senior notes payable (29,789 ) ― ― ― (29,789 ) Net proceeds from (payments on) mortgage credit facilities ― ― (90,554 ) 80,000 (10,554 ) (Contributions to) distributions from Corporate and subsidiaries 14,373 (31,719 ) 17,346 ― ― Repurchase of common stock (22,073 ) ― ― ― (22,073 ) Issuance of common stock under employee stock plans, net of tax withholdings (461 ) ― ― ― (461 ) Excess tax benefits from share-based payment arrangements 8,573 ― ― ― 8,573 Intercompany advances, net (192,076 ) 56,711 135,365 ― ― Net cash provided by (used in) financing activities 47,247 24,992 62,635 80,000 214,874 Net increase (decrease) in cash and equivalents (71,888 ) 8,742 (22,525 ) ― (85,671 ) Cash and equivalents at beginning of period 133,304 1,061 78,028 ― 212,393 Cash and equivalents at end of period $ 61,416 $ 9,803 $ 55,503 ― $ 126,722 Issuance of common stock under employee stock plans, net of tax withholdings Nine Months Ended September 30, 2014 CalAtlantic Group, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Cash Flows From Operating Activities: Net cash provided by (used in) operating activities $ 14,398 $ (174,601 ) $ (83,784 ) $ (14,559 ) (258,546 ) Cash Flows From Investing Activities: Investments in unconsolidated homebuilding joint ventures 144 2 (8,094 ) ― (7,948 ) Distributions of capital from unconsolidated homebuilding joint ventures 227 229 17,554 ― 18,010 Net cash paid for acquisitions (35,685 ) ― 2,277 ― (33,408 ) Loan to parent ― ― (190,000 ) 190,000 ― Other investing activities (1,367 ) (1,108 ) 491 ― (1,984 ) Net cash provided by (used in) investing activities (36,681 ) (877 ) (177,772 ) 190,000 (25,330 ) Cash Flows From Financing Activities: Change in restricted cash ― ― (15,567 ) ― (15,567 ) Principal payments on secured project debt and other notes payable ― ― (1,399 ) ― (1,399 ) Principal payments on senior notes payable (4,971 ) ― ― ― (4,971 ) Payment of debt issuance costs (2,387 ) ― ― ― (2,387 ) Loan from subsidiary 190,000 ― ― (190,000 ) ― Net proceeds from (payments on) mortgage credit facilities ― ― (36,169 ) ― (36,169 ) (Contributions to) distributions from Corporate and subsidiaries 3,650 ― (3,650 ) ― ― Issuance of common stock under employee stock plans, net of tax withholdings 5,786 ― ― ― 5,786 Excess tax benefits from share-based payment arrangements 960 ― ― ― 960 Intercompany advances, net (345,307 ) 175,834 169,473 ― ― Net cash provided by (used in) financing activities (152,269 ) 175,834 112,688 (190,000 ) (53,747 ) Net increase (decrease) in cash and equivalents (174,552 ) 356 (148,868 ) (14,559 ) (337,623 ) Cash and equivalents at beginning of period 175,289 494 187,508 ― 363,291 Cash and equivalents at end of period $ 737 $ 850 $ 38,640 $ (14,559 ) $ 25,668

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details) - Subsequent Event [Member]	Oct. 01, 2015shares
Reverse Stock Split [Member]
Note 1 - Basis of Presentation (Details) [Line Items]
Stockholders' Equity Note, Stock Split, Conversion Ratio	5
The Ryland Group, Inc. [Member]
Note 1 - Basis of Presentation (Details) [Line Items]
Stockholders' Equity Note, Business Acquisition, Conversion Ratio	1.0191

Note 2 - Subsequent Events (Det

Note 2 - Subsequent Events (Details) $ in Millions	Oct. 01, 2015USD ($)shares	Sep. 30, 2015USD ($)shares	Sep. 30, 2015USD ($)shares	Oct. 05, 2015USD ($)	Dec. 31, 2014shares
Note 2 - Subsequent Events (Details) [Line Items]
Preferred Stock, Shares Outstanding (in Shares) | shares		53,565	53,565		53,565
Common Stock, Shares, Outstanding (in Shares) | shares		55,444,065	55,444,065		55,028,238
Owned by MatlinPatterson [Member]
Note 2 - Subsequent Events (Details) [Line Items]
Preferred Stock, Shares Outstanding (in Shares) | shares		267,829	267,829
Common Stock, Shares, Outstanding (in Shares) | shares		126,400,000	126,400,000
Outstanding Common Stock and Preferred Stock Ownership Percentage		59.00%	59.00%
Subsequent Event [Member] | Owned by MatlinPatterson [Member]
Note 2 - Subsequent Events (Details) [Line Items]
Preferred Stock, Shares Outstanding (in Shares) | shares	0
Common Stock, Shares, Outstanding (in Shares) | shares	42,800,000
Convertible Preferred Stock, Shares Issued upon Conversion (in Shares) | shares	17,600,000
Outstanding Common Stock Ownership Percentage	0.35
Unsecured Revolving Credit Facility [Member] | Subsequent Event [Member]
Note 2 - Subsequent Events (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity				$ 750
Letter of Credit [Member] | Subsequent Event [Member]
Note 2 - Subsequent Events (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity				350
Unsecured Revolving Credit Facility and Letters of Credit [Member] | Subsequent Event [Member]
Note 2 - Subsequent Events (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				$ 1,200
The Ryland Group, Inc. [Member] | Subsequent Event [Member]
Note 2 - Subsequent Events (Details) [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | shares	48,000,000
Business Combination, Consideration Transferred	$ 1,900
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	3,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	1,900
Goodwill, Acquired During Period	$ 800
Acquisition Costs [Member] | The Ryland Group, Inc. [Member] | Other Nonoperating Income (Expense) [Member]
Note 2 - Subsequent Events (Details) [Line Items]
Business Combination, Separately Recognized Transactions, Expenses and Losses Recognized		$ 2.3	$ 7.5
Integration and Executive Compensation Costs [Member] | The Ryland Group, Inc. [Member] | Other Nonoperating Income (Expense) [Member]
Note 2 - Subsequent Events (Details) [Line Items]
Business Combination, Separately Recognized Transactions, Expenses and Losses Recognized		6.7	6.7
Standard Pacific [Member]
Note 2 - Subsequent Events (Details) [Line Items]
Preferred Stock, Shares Outstanding (in Shares) | shares	17,562,557
Common Stock, Shares, Outstanding (in Shares) | shares	55,444,065
Stockholders' Equity Note, Stock Split, Conversion Ratio	5
Standard Pacific [Member] | Unsecured Revolving Credit Facility [Member]
Note 2 - Subsequent Events (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity		450	450
The Ryland Group, Inc. [Member]
Note 2 - Subsequent Events (Details) [Line Items]
Common Stock, Shares, Outstanding (in Shares) | shares	47,751,518
Stockholders' Equity Note, Stock Split, Conversion Ratio	1.0191
The Ryland Group, Inc. [Member] | Unsecured Revolving Credit Facility [Member]
Note 2 - Subsequent Events (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity		$ 300	$ 300
Reverse Stock Split [Member] | Subsequent Event [Member]
Note 2 - Subsequent Events (Details) [Line Items]
Stockholders' Equity Note, Stock Split, Conversion Ratio	5

Note 2 - Subsequent Events (D40

Note 2 - Subsequent Events (Details) - Pro Forma Homebuilding Revenues - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Pro Forma Homebuilding Revenues [Abstract]
Homebuilding revenues	$ 1,344,969	$ 1,273,087	$ 3,656,924	$ 3,373,501

Note 2 - Subsequent Events (D41

Note 2 - Subsequent Events (Details) - Summary of the Components of Common Stock Outstanding	Oct. 01, 2015shares	Sep. 30, 2015shares	Dec. 31, 2014shares
Note 2 - Subsequent Events (Details) - Summary of the Components of Common Stock Outstanding [Line Items]
Common Stock		55,444,065	55,028,238
Preferred Stock - Standard Pacific		53,565	53,565
Fractional Shares Paid Out	(661)
Total	120,996,714
Standard Pacific [Member]
Note 2 - Subsequent Events (Details) - Summary of the Components of Common Stock Outstanding [Line Items]
Common Stock	55,444,065
Common Stock	5
Preferred Stock - Standard Pacific	17,562,557
Preferred Stock - Standard Pacific	5
The Ryland Group, Inc. [Member]
Note 2 - Subsequent Events (Details) - Summary of the Components of Common Stock Outstanding [Line Items]
Common Stock	47,751,518
Common Stock	1.0191
Accelerated Vesting of Ryland Equity Awards	239,235
Accelerated Vesting of Ryland Equity Awards	1.0191
Preferred Stock - Standard Pacific	1.0191
Scenario, Previously Reported [Member]
Note 2 - Subsequent Events (Details) - Summary of the Components of Common Stock Outstanding [Line Items]
Total	412,124,419
Scenario, Previously Reported [Member] | Standard Pacific [Member]
Note 2 - Subsequent Events (Details) - Summary of the Components of Common Stock Outstanding [Line Items]
Common Stock	277,220,324
Preferred Stock - Standard Pacific	87,812,786
Scenario, Previously Reported [Member] | The Ryland Group, Inc. [Member]
Note 2 - Subsequent Events (Details) - Summary of the Components of Common Stock Outstanding [Line Items]
Common Stock	46,856,558
Accelerated Vesting of Ryland Equity Awards	234,751

Note 4 - Segment Reporting (Det

Note 4 - Segment Reporting (Details)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Number of Operating Segments	2
Number of Reportable Segments	3

Note 4 - Segment Reporting (D43

Note 4 - Segment Reporting (Details) - Segment Financial Information Relating to Homebuilding Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Homebuilding revenues:
Homebuilding revenues	$ 652,190	$ 604,849	$ 1,822,100	$ 1,657,534
Homebuilding pretax income:
Homebuilding pretax income	75,447	89,384	209,439	238,574
Homebuilding [Member]
Homebuilding revenues:
Homebuilding revenues	652,190	604,849	1,822,100	1,657,534
Homebuilding pretax income:
Homebuilding pretax income	75,447	89,384	209,439	238,574
Southeast [Member] | Homebuilding [Member]
Homebuilding revenues:
Homebuilding revenues	211,759	171,091	556,330	474,601
Homebuilding pretax income:
Homebuilding pretax income	19,379	16,312	44,909	45,051
Southwest [Member] | Homebuilding [Member]
Homebuilding revenues:
Homebuilding revenues	155,595	128,916	461,304	329,930
Homebuilding pretax income:
Homebuilding pretax income	16,552	12,407	49,817	32,738
West [Member] | Homebuilding [Member]
Homebuilding revenues:
Homebuilding revenues	284,836	304,842	804,466	853,003
Homebuilding pretax income:
Homebuilding pretax income	$ 39,516	$ 60,665	$ 114,713	$ 160,785

Note 4 - Segment Reporting (D44

Note 4 - Segment Reporting (Details) - Segment Financial Information Relating to Homebuilding Assets and Investments in Unconsolidated Joint Ventures - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Homebuilding assets:
Assets, by segments	$ 4,561,209	$ 4,174,420
Homebuilding [Member]
Homebuilding assets:
Assets, by segments	4,417,373	3,947,117
Corporate, Non-Segment [Member] | Homebuilding [Member]
Homebuilding assets:
Assets, by segments	387,014	517,701
Southeast [Member] | Homebuilding [Member]
Homebuilding assets:
Assets, by segments	1,290,874	1,060,343
Southwest [Member] | Homebuilding [Member]
Homebuilding assets:
Assets, by segments	666,391	624,765
West [Member] | Homebuilding [Member]
Homebuilding assets:
Assets, by segments	$ 2,073,094	$ 1,744,308

Note 5 - Earnings Per Common 45

Note 5 - Earnings Per Common Share (Details)	Oct. 01, 2015
Reverse Stock Split [Member] | Subsequent Event [Member]
Note 5 - Earnings Per Common Share (Details) [Line Items]
Stockholders' Equity Note, Stock Split, Conversion Ratio	5

Note 5 - Earnings Per Common 46

Note 5 - Earnings Per Common Share (Details) - Components Used in Computation of Basic and Diluted Earnings Per Common Share - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator:
Net income	$ 47,177	$ 56,599	$ 135,980	$ 151,221
Less: Net income allocated to preferred shareholder	(11,342)	(13,511)	(32,818)	(36,165)
Less: Net income allocated to unvested restricted stock	(93)	(77)	(274)	(211)
Net income available to common stockholders for basic earnings per common share	35,742	43,011	102,888	114,845
Effect of dilutive securities:
Net income allocated to preferred shareholder	11,342	13,511	32,818	36,165
Net income available to common and preferred stock for diluted earnings per share	$ 47,125	$ 56,563	$ 136,196	$ 151,500
Denominator:
Weighted average basic common shares outstanding (in Shares)	55,345,443	55,909,542	55,059,683	55,772,603
Weighted average additional common shares outstanding if preferred shares converted to common shares (if dilutive) (in Shares)	17,562,557	17,562,557	17,562,557	17,562,557
Total weighted average common shares outstanding if preferred shares converted to common shares (in Shares)	72,908,000	73,472,099	72,622,240	73,335,160
Effect of dilutive securities:
Share-based awards (in Shares)	684,511	1,251,273	830,501	1,303,188
Weighted average diluted shares outstanding (in Shares)	79,855,081	80,985,942	79,715,311	80,900,918
Income per common share:
Basic (in Dollars per share)	$ 0.65	$ 0.77	$ 1.87	$ 2.06
Diluted (in Dollars per share)	$ 0.59	$ 0.70	$ 1.71	$ 1.87
1¼% Convertible Senior Notes Due August 2032 [Member]
Effect of dilutive securities:
Interest on 1¼% convertible senior notes due 2032, capitalized and amortized in cost of sales	$ 41	$ 41	$ 490	$ 490
Effect of dilutive securities:
1¼% convertible senior notes due 2032 (in Shares)	6,262,570	6,262,570	6,262,570	6,262,570

Note 5 - Earnings Per Common 47

Note 5 - Earnings Per Common Share (Details) - Components Used in Computation of Basic and Diluted Earnings Per Common Share (Parentheticals)	Sep. 30, 2015	Sep. 30, 2014
1¼% Convertible Senior Notes Due August 2032 [Member]
Note 5 - Earnings Per Common Share (Details) - Components Used in Computation of Basic and Diluted Earnings Per Common Share (Parentheticals) [Line Items]
Interest on convertible senior notes	1.25%	1.25%

Note 6 - Stock-based Compensa48

Note 6 - Stock-based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Allocated Share-based Compensation Expense	$ 3.5	$ 2.5	$ 8.6	$ 7.7
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 16.4		$ 16.4
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			2 years 36 days

Note 7 - Cash and Equivalents49

Note 7 - Cash and Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Note 7 - Cash and Equivalents and Restricted Cash (Details) [Line Items]
Cash and Cash Equivalents, at Carrying Value	$ 126,722	$ 212,393	$ 25,668	$ 363,291
Restricted Cash and Cash Equivalents	38,500
Cash Held in Escrow [Member]
Note 7 - Cash and Equivalents and Restricted Cash (Details) [Line Items]
Cash and Cash Equivalents, at Carrying Value	31,600
Homebuilding [Member]
Note 7 - Cash and Equivalents and Restricted Cash (Details) [Line Items]
Cash and Cash Equivalents, at Carrying Value	97,854	180,428
Restricted Cash and Cash Equivalents	37,425	38,222
Financial Services [Member]
Note 7 - Cash and Equivalents and Restricted Cash (Details) [Line Items]
Cash and Cash Equivalents, at Carrying Value	28,868	31,965
Restricted Cash and Cash Equivalents	$ 1,045	$ 1,295

Note 8 - Inventories (Details)

Note 8 - Inventories (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Note 8 - Inventories (Details) [Line Items]
Number of Active and Future Projects Owned	380	373
Impairment of Real Estate	$ 0	$ 0
Other Lot Option Contracts Net Of Deposits	3,092		$ 37,681
Inventory Real Estate Not Owned	47,333		85,153
Acquisition Of Current and Future Communities [Member]
Note 8 - Inventories (Details) [Line Items]
Inventory Real Estate Not Owned	3,100		3,100
Land Option and Purchase Contracts [Member]
Note 8 - Inventories (Details) [Line Items]
Other Lot Option Contracts Net Of Deposits	$ 0		7,600
Significant Deposits Paid Under Contract [Member]
Note 8 - Inventories (Details) [Line Items]
Other Lot Option Contracts Net Of Deposits			$ 27,000

Note 8 - Inventories (Details)

Note 8 - Inventories (Details) - Inventories Owned - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Note 8 - Inventories (Details) - Inventories Owned [Line Items]
Land and land under development, by segments	$ 2,261,197	$ 2,248,289
Homes completed and under construction, by segments	1,299,611	827,612
Model homes, by segments	244,645	179,303
Total inventories owned, by segments	3,805,453	3,255,204
Homebuilding: Southeast [Member]
Note 8 - Inventories (Details) - Inventories Owned [Line Items]
Land and land under development, by segments	840,926	722,166
Homes completed and under construction, by segments	346,696	258,132
Model homes, by segments	77,201	53,103
Total inventories owned, by segments	1,264,823	1,033,401
Homebuilding: Southwest [Member]
Note 8 - Inventories (Details) - Inventories Owned [Line Items]
Land and land under development, by segments	340,918	339,625
Homes completed and under construction, by segments	269,667	223,032
Model homes, by segments	35,844	36,199
Total inventories owned, by segments	646,429	598,856
West [Member]
Note 8 - Inventories (Details) - Inventories Owned [Line Items]
Land and land under development, by segments	1,079,353	1,186,498
Homes completed and under construction, by segments	683,248	346,448
Model homes, by segments	131,600	90,001
Total inventories owned, by segments	$ 1,894,201	$ 1,622,947

Note 8 - Inventories (Details52

Note 8 - Inventories (Details) - Inventories Not Owned - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Inventories Not Owned [Abstract]
Land purchase and lot option deposits	$ 44,241	$ 47,472
Other lot option contracts, net of deposits	3,092	37,681
Total inventories not owned	$ 47,333	$ 85,153

Note 9 - Capitalization of In53

Note 9 - Capitalization of Interest (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
Home Building Interest [Abstract]
Capitalized Interest Transferred From Investments In Unconsolidated Joint Ventures To Inventories Owned	$ 2	$ 6

Note 9 - Capitalization of In54

Note 9 - Capitalization of Interest (Details) - Homebuilding Capitalized Interest - USD ($) $ in Thousands		3 Months Ended				9 Months Ended
		Sep. 30, 2015		Sep. 30, 2014		Sep. 30, 2015		Sep. 30, 2014		Dec. 31, 2014
Homebuilding Capitalized Interest [Abstract]
Total interest incurred		$ 42,304		$ 37,308		$ 125,964		$ 113,735
Less: Interest capitalized to inventories owned		(41,611)		(36,927)		(124,520)		(112,368)
Less: Interest capitalized to investments in unconsolidated joint ventures		(693)		(381)		(1,444)		(1,367)
Interest previously capitalized to inventories owned, included in cost of home sales		30,275		28,872		87,721		83,052
Interest previously capitalized to inventories owned, included in cost of land sales		3,048		87		4,803		706
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	[1]	$ 307,603		$ 275,367		$ 307,603		$ 275,367
Interest capitalized as a percentage of inventories owned		8.10%		8.80%		8.10%		8.80%
Interest capitalized in ending investments in unconsolidated joint ventures (1)		$ 2,109	[1]	$ 299	[1]	$ 2,109	[1]	$ 299	[1]	$ 700
Interest capitalized as a percentage of investments in unconsolidated joint ventures		1.70%		0.60%		1.70%		0.60%
[1]	During the three and nine months ended September 30, 2014, in connection with lot purchases from our joint ventures, $2.0 million and $6.0 million, respectively, of capitalized interest was transferred from investments in unconsolidated joint ventures to inventories owned.

Note 10 - Investments in Unco55

Note 10 - Investments in Unconsolidated Land Development and Homebuilding Joint Ventures (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015		Sep. 30, 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	$ 2,109	[1]	$ 299	[1]	$ 700
[1]	During the three and nine months ended September 30, 2014, in connection with lot purchases from our joint ventures, $2.0 million and $6.0 million, respectively, of capitalized interest was transferred from investments in unconsolidated joint ventures to inventories owned.

Note 10 - Investments in Unco56

Note 10 - Investments in Unconsolidated Land Development and Homebuilding Joint Ventures (Details) - Combined Statements of Operations for Unconsolidated Land Development and Homebuilding Joint Ventures - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Combined Statements of Operations for Unconsolidated Land Development and Homebuilding Joint Ventures [Abstract]
Revenues			$ 22,350	$ 31,225
Cost of sales and expenses			(25,444)	(35,943)
Income (loss) of unconsolidated joint ventures			(3,094)	(4,718)
Income (loss) from unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations	$ 121	$ 557	$ (381)	$ (342)

Note 10 - Investments in Unco57

Note 10 - Investments in Unconsolidated Land Development and Homebuilding Joint Ventures (Details) - Combined Balance Sheets for Unconsolidated Land Development and Homebuilding Joint Ventures - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets:
Cash	$ 28,218	$ 29,472
Inventories	403,953	197,727
Other assets	13,975	10,372
Total assets	446,146	237,571
Liabilities and Equity:
Accounts payable and accrued liabilities	12,502	16,173
Non-recourse debt	30,000	30,000
Standard Pacific equity	124,966	54,347
Other members' equity	278,678	137,051
Total liabilities and equity	446,146	237,571
Investments in unconsolidated joint ventures reflected in the accompanying condensed consolidated balance sheets	$ 121,937	$ 50,111

Note 11 - Warranty Costs (Detai

Note 11 - Warranty Costs (Details) - Warranty Costs Accrual - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Warranty Costs Accrual [Abstract]
Warranty accrual, beginning of the period	$ 13,584	$ 13,811
Warranty costs accrued during the period	7,403	4,950
Warranty costs paid during the period	(7,119)	(5,615)
Warranty accrual, end of the period	$ 13,868	$ 13,146

Note 12 - Revolving Credit Fa59

Note 12 - Revolving Credit Facility and Letter of Credit Facilities (Details)	Oct. 05, 2015USD ($)	Sep. 30, 2015USD ($)
Note 12 - Revolving Credit Facility and Letter of Credit Facilities (Details) [Line Items]
Cash Collateral Deposits		$ 36,300,000
Unsecured Revolving Credit Facility [Member] | Standard Pacific [Member]
Note 12 - Revolving Credit Facility and Letter of Credit Facilities (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity		450,000,000
Unsecured Revolving Credit Facility [Member] | The Ryland Group, Inc. [Member]
Note 12 - Revolving Credit Facility and Letter of Credit Facilities (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity		300,000,000
Unsecured Revolving Credit Facility [Member] | Subsequent Event [Member]
Note 12 - Revolving Credit Facility and Letter of Credit Facilities (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 750,000,000
Long-term Line of Credit	0
Letter of Credit [Member] | Subsequent Event [Member]
Note 12 - Revolving Credit Facility and Letter of Credit Facilities (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity	350,000,000
Letters of Credit Outstanding, Amount	90,800,000
Unsecured Revolving Credit Facility and Letters of Credit [Member] | Subsequent Event [Member]
Note 12 - Revolving Credit Facility and Letter of Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	1,200,000,000
Line of Credit Facility, Covenant, Minimum Tangible Net Worth Requirement	$ 1,650,000,000
Line of Credit Facility, Covenant, Maximum Leverage Ratio	2
Line of Credit Facility, Covenant, Minimum Interest Coverage Ratio	1.25
Line of Credit Facility, Remaining Borrowing Capacity	$ 659,200,000
Uncommitted Letter of Credit [Member]
Note 12 - Revolving Credit Facility and Letter of Credit Facilities (Details) [Line Items]
Letters of Credit Outstanding, Amount		200,000
Four Committed Letter of Credit [Member] | Letter of Credit [Member]
Note 12 - Revolving Credit Facility and Letter of Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		48,000,000
Letters of Credit Outstanding, Amount		$ 35,500,000

Note 13 - Secured Project Deb60

Note 13 - Secured Project Debt and Other Notes Payable (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Homebuilding [Member]
Note 13 - Secured Project Debt and Other Notes Payable (Details) [Line Items]
Secured Debt	$ 5,855	$ 4,689

Note 14 - Senior Notes Payabl61

Note 14 - Senior Notes Payable (Details)	Oct. 01, 2015USD ($)$ / shares	Aug. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014
Note 14 - 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%
Senior Notes (in Dollars)			$ 2,104,212,000	$ 2,131,393,000
The Ryland Group, Inc. [Member]
Note 14 - Senior Notes Payable (Details) [Line Items]
Stockholders' Equity Note, Stock Split, Conversion Ratio	1.0191
Subsequent Event [Member] | The Ryland Group, Inc. [Member]
Note 14 - Senior Notes Payable (Details) [Line Items]
Senior Notes (in Dollars)	$ 1,300,000,000
Reverse Stock Split [Member] | Subsequent Event [Member]
Note 14 - Senior Notes Payable (Details) [Line Items]
Stockholders' Equity Note, Stock Split, Conversion Ratio	5
1¼% Convertible Senior Notes Due August 2032 [Member]
Note 14 - Senior Notes Payable (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			1.25%		1.25%
Debt Instrument, Redemption Price, Percentage			100.00%
1¼% Convertible Senior Notes Due August 2032 [Member] | Subsequent Event [Member]
Note 14 - Senior Notes Payable (Details) [Line Items]
Debt Instrument, Convertible, Conversion Ratio	24.7532
Debt Instrument, Convertible, Principal Amount Used In Conversion Rate Calculation (in Dollars)	$ 1,000
Debt Instrument, Convertible, Conversion Price (in Dollars per share) | $ / shares	$ 40.40
1¼% Convertible Senior Notes Due August 2032 [Member] | Reverse Stock Split [Member] | Subsequent Event [Member]
Note 14 - Senior Notes Payable (Details) [Line Items]
Stockholders' Equity Note, Stock Split, Conversion Ratio	5
10¾% Senior Notes [Member]
Note 14 - Senior Notes Payable (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			10.75%
7% Senior Notes [Member]
Note 14 - Senior Notes Payable (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		7.00%
Repayments of Notes Payable (in Dollars)		$ 29,800,000

Note 14 - Senior Notes Payabl62

Note 14 - Senior Notes Payable (Details) - Senior Notes Payable - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Note 14 - Senior Notes Payable (Details) - Senior Notes Payable [Line Items]
Senior Notes	$ 2,104,212	$ 2,131,393
Homebuilding [Member]
Note 14 - Senior Notes Payable (Details) - Senior Notes Payable [Line Items]
Senior Notes	2,104,212	2,131,393
7% Senior Notes [Member] | Homebuilding [Member]
Note 14 - Senior Notes Payable (Details) - Senior Notes Payable [Line Items]
Senior Notes		29,789
10¾% Senior Notes [Member] | Homebuilding [Member]
Note 14 - Senior Notes Payable (Details) - Senior Notes Payable [Line Items]
Senior Notes	275,707	272,684
8⅜% Senior Notes [Member] | Homebuilding [Member]
Note 14 - Senior Notes Payable (Details) - Senior Notes Payable [Line Items]
Senior Notes	577,629	578,278
8⅜% Senior Notes [Member] | Homebuilding [Member]
Note 14 - Senior Notes Payable (Details) - Senior Notes Payable [Line Items]
Senior Notes	397,876	397,642
6¼% Senior Notes [Member] | Homebuilding [Member]
Note 14 - Senior Notes Payable (Details) - Senior Notes Payable [Line Items]
Senior Notes	300,000	300,000
5⅞% Senior Notes [Member] | Homebuilding [Member]
Note 14 - Senior Notes Payable (Details) - Senior Notes Payable [Line Items]
Senior Notes	300,000	300,000
1¼% Convertible Senior Notes Due August 2032 [Member] | Homebuilding [Member]
Note 14 - Senior Notes Payable (Details) - Senior Notes Payable [Line Items]
Senior Notes	$ 253,000	$ 253,000

Note 14 - Senior Notes Payabl63

Note 14 - Senior Notes Payable (Details) - Senior Notes Payable (Parentheticals)	Sep. 30, 2015	Aug. 31, 2015	Dec. 31, 2014	Sep. 30, 2014
7% Senior Notes [Member]
Note 14 - Senior Notes Payable (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate		7.00%
7% Senior Notes [Member] | Homebuilding [Member]
Note 14 - Senior Notes Payable (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	7.00%		7.00%
10¾% Senior Notes [Member]
Note 14 - Senior Notes Payable (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	10.75%
10¾% Senior Notes [Member] | Homebuilding [Member]
Note 14 - Senior Notes Payable (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	10.75%		10.75%
8⅜% Senior Notes [Member] | Homebuilding [Member]
Note 14 - Senior Notes Payable (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	8.375%		8.375%
8⅜% Senior Notes [Member] | Homebuilding [Member]
Note 14 - Senior Notes Payable (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	8.375%		8.375%
6¼% Senior Notes [Member] | Homebuilding [Member]
Note 14 - Senior Notes Payable (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	6.25%		6.25%
5⅞% Senior Notes [Member] | Homebuilding [Member]
Note 14 - Senior Notes Payable (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	5.875%		5.875%
1¼% Convertible Senior Notes Due August 2032 [Member]
Note 14 - Senior Notes Payable (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	1.25%			1.25%
1¼% Convertible Senior Notes Due August 2032 [Member] | Homebuilding [Member]
Note 14 - Senior Notes Payable (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	1.25%		1.25%

Note 15 - Preferred Stock (Deta

Note 15 - Preferred Stock (Details)	Oct. 01, 2015shares	Sep. 30, 2015USD ($)$ / sharesshares	Dec. 31, 2014shares
Note 15 - Preferred Stock (Details) [Line Items]
Preferred Stock, Shares Outstanding		53,565	53,565
Common Stock, Shares, Outstanding		55,444,065	55,028,238
Owned by MatlinPatterson [Member]
Note 15 - Preferred Stock (Details) [Line Items]
Preferred Stock, Shares Outstanding		267,829
Common Stock, Shares, Outstanding		126,400,000
Outstanding Common Stock and Preferred Stock Ownership Percentage		59.00%
Series B Preferred Stock [Member]
Note 15 - 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) | $ / shares		$ 15.25
Series B Preferred Stock [Member] | Owned by MatlinPatterson [Member]
Note 15 - Preferred Stock (Details) [Line Items]
Preferred Stock, Shares Outstanding		267,829
Convertible Preferred Stock, Number of Shares Converted		87,800,000
Subsequent Event [Member] | Owned by MatlinPatterson [Member]
Note 15 - Preferred Stock (Details) [Line Items]
Preferred Stock, Shares Outstanding	0
Common Stock, Shares, Outstanding	42,800,000
Convertible Preferred Stock, Shares Issued upon Conversion	17,600,000
Outstanding Common Stock Ownership Percentage	0.35
Reverse Stock Split [Member] | Subsequent Event [Member]
Note 15 - Preferred Stock (Details) [Line Items]
Stockholders' Equity Note, Stock Split, Conversion Ratio	5

Note 16 - Mortgage Credit Fac65

Note 16 - Mortgage Credit Facilities (Details) - USD ($) $ in Thousands	Oct. 02, 2015	Sep. 30, 2015	Dec. 31, 2014
Note 16 - Mortgage Credit Facilities (Details) [Line Items]
Restricted Cash and Cash Equivalents		$ 38,500
Financial Services [Member]
Note 16 - Mortgage Credit Facilities (Details) [Line Items]
Warehouse Agreement Borrowings		78,859	$ 89,413
Restricted Cash and Cash Equivalents		1,045	$ 1,295
Repurchase Facility [Member] | First Lender [Member]
Note 16 - Mortgage Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		100,000
Repurchase Facility [Member] | First Lender [Member] | Committed [Member]
Note 16 - Mortgage Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		25,000
Repurchase Facility [Member] | First Lender [Member] | Uncommitted [Member]
Note 16 - Mortgage Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		75,000
Repurchase Facility [Member] | First Lender [Member] | Subsequent Event [Member]
Note 16 - Mortgage Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 200,000
Repurchase Facility [Member] | First Lender [Member] | Subsequent Event [Member] | Committed [Member]
Note 16 - Mortgage Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	25,000
Repurchase Facility [Member] | First Lender [Member] | Subsequent Event [Member] | Uncommitted [Member]
Note 16 - Mortgage Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 175,000
Repurchase Facility [Member] | Second Lender [Member]
Note 16 - Mortgage Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 75,000

Note 17 - Disclosures about F66

Note 17 - Disclosures about Fair Value (Details) - Fair Value of Mortgage Loans - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Inputs, Level 2 [Member]
Note 17 - Disclosures about Fair Value (Details) - Fair Value of Mortgage Loans [Line Items]
Mortgage loans held for sale	$ 88,163	$ 176,511

Note 17 - Disclosures about F67

Note 17 - Disclosures about Fair Value (Details) - Carrying Values and Estimated Fair Value of Other Financial Instruments - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Homebuilding liabilities:
Senior notes payable, net	$ 2,104,212	$ 2,131,393
Financial Services [Member]
Financial services assets:
Mortgage loans held for investment, net	22,087	14,380
Homebuilding [Member]
Homebuilding liabilities:
Senior notes payable, net	2,104,212	2,131,393
Fair Value, Inputs, Level 2 [Member] | Financial Services [Member]
Financial services assets:
Mortgage loans held for investment, net	22,087	14,380
Mortgage loans held for investment, net	22,087	14,380
Fair Value, Inputs, Level 2 [Member] | Homebuilding [Member]
Homebuilding liabilities:
Senior notes payable, net	2,104,212	2,131,393
Senior notes payable, net	$ 2,104,212	$ 2,337,839

Note 18 - Commitments and Con68

Note 18 - Commitments and Contingencies (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Note 18 - Commitments and Contingencies (Details) [Line Items]
Non-refundable Cash Deposits	$ 43,100
Capitalized Preacquisition and Other Development and Construction Costs	9,100
Remaining Purchase Price of Land Purchase and Option Contracts	$ 447,300
Number of Joint Ventures The Company Holds Membership Interest In	19
Number of Active Joint Ventures	8
Number of Inactive Joint Ventures	11
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		$ 30,000
Outstanding Joint Venture Surety Bonds	0
Outstanding Surety Bonds	554,600
Surety Bonds Cost to Complete	320,400
Mortgage Loans In Process	$ 109,100
Mortgage Loans In Process, Interest Rate	3.80%
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Mortgage	$ 27,100
Mortgage Loans Committed to Sell to Investors	26,100
Aggregate Mortgage Loan Repurchase Payments	10,900
Mortgage Loans on Real Estate, New Mortgage Loans	9,800,000
Mortgage Loan Loss Expense Provision	100	$ 400
Mortgage Loan Repurchase Reserve	2,200
Mortgage Loan Repurchase Payments	$ 100	$ 400
Number of Loans Repurchased	3	9
Insurance and Litigation Accruals	$ 64,600		$ 62,800
Closed Mortgage Loans Held for Sale [Member]
Note 18 - Commitments and Contingencies (Details) [Line Items]
Mortgage Loans Expected to Be Originated on a Non-Presold Basis	58,400
Mortgage Loans in Process [member]
Note 18 - Commitments and Contingencies (Details) [Line Items]
Mortgage Loans Expected to Be Originated on a Non-Presold Basis	83,000
Matures June, 2016 [Member]
Note 18 - Commitments and Contingencies (Details) [Line Items]
Equity Method Investment Summarized Financial Information Non-recourse Debt	$ 30,000

Note 19 - Income Taxes (Details

Note 19 - Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Note 19 - Income Taxes (Details) [Line Items]
Income Tax Expense (Benefit)	$ 31,117	$ 35,522	$ 80,332	$ 94,361
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	78,294	$ 92,121	216,312	$ 245,582
Deferred Tax Assets, Gross	256,400		256,400
Deferred Tax Assets, Valuation Allowance	1,100		1,100
Deferred Tax Assets, Operating Loss Carryforwards	128,800		128,800
Gross Annual Deduction Limitation on Net Operating Loss Carryforwards	15,600		15,600
Deferred Tax Assets, Other	127,600		127,600
Unrecognized Tax Benefits	4,400		4,400		$ 2,500
Subject to Federal and State Net Operating Loss Carryforward Limitations [Member]
Note 19 - Income Taxes (Details) [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards	112,600		112,600
Not Limited by Section 382 [Member]
Note 19 - Income Taxes (Details) [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards	$ 16,200		$ 16,200

Note 20 - Supplemental Disclo70

Note 20 - Supplemental Disclosures to Condensed Consolidated Statements of Cash Flows (Details) - Supplemental Disclosures of Cash Flows Information - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash paid during the period for:
Income taxes	$ 66,310	$ 6,766
Supplemental Disclosures of Noncash Activities:
Liabilities assumed in connection with acquisitions		$ 4,170

Note 21 - Supplemental Guaran71

Note 21 - Supplemental Guarantor Information (Details) - Condensed Consolidating Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Homebuilding:
Revenues	$ 652,190	$ 604,849	$ 1,822,100	$ 1,657,534
Cost of sales	(492,434)	(445,789)	(1,376,298)	(1,221,584)
Gross margin	159,756	159,060	445,802	435,950
Selling, general and administrative expenses	(73,260)	(70,164)	(219,240)	(196,589)
Income (loss) from unconsolidated joint ventures	121	557	(381)	(342)
Other income (expense	(11,170)	(69)	(16,742)	(445)
Homebuilding pretax income	75,447	89,384	209,439	238,574
Financial Services:
Financial services pretax income	2,847	2,737	6,873	7,008
Income before taxes	78,294	92,121	216,312	245,582
Provision for income taxes	(31,117)	(35,522)	(80,332)	(94,361)
Net income	47,177	56,599	135,980	151,221
Consolidation, Eliminations [Member]
Homebuilding:
Equity income of subsidiaries	(48,155)	(41,821)	(121,691)	(107,894)
Homebuilding pretax income	(48,155)	(41,821)	(121,691)	(107,894)
Financial Services:
Income before taxes	(48,155)	(41,821)	(121,691)	(107,894)
Net income	(48,155)	(41,821)	(121,691)	(107,894)
Parent Company [Member]
Homebuilding:
Revenues	172,420	197,617	500,500	576,620
Cost of sales	(132,775)	(145,278)	(380,929)	(422,399)
Gross margin	39,645	52,339	119,571	154,221
Selling, general and administrative expenses	(21,582)	(24,974)	(69,121)	(74,416)
Income (loss) from unconsolidated joint ventures	14	64	36	(49)
Equity income of subsidiaries	48,155	41,821	121,691	107,894
Interest income (expense), net	3,109	3,204	9,507	10,163
Other income (expense	(11,782)	(1,128)	(19,223)	(2,180)
Homebuilding pretax income	57,559	71,326	162,461	195,633
Financial Services:
Income before taxes	57,559	71,326	162,461	195,633
Provision for income taxes	(10,382)	(14,727)	(26,481)	(44,412)
Net income	47,177	56,599	135,980	151,221
Guarantor Subsidiaries [Member]
Homebuilding:
Revenues	296,420	246,839	840,513	702,868
Cost of sales	(226,945)	(188,601)	(646,798)	(531,224)
Gross margin	69,475	58,238	193,715	171,644
Selling, general and administrative expenses	(37,660)	(32,465)	(110,934)	(92,599)
Income (loss) from unconsolidated joint ventures		142		170
Interest income (expense), net	(2,160)	(2,875)	(7,369)	(8,529)
Other income (expense	(212)	(45)	(435)	(298)
Homebuilding pretax income	29,443	22,995	74,977	70,388
Financial Services:
Income before taxes	29,443	22,995	74,977	70,388
Provision for income taxes	(13,931)	(10,169)	(34,502)	(27,713)
Net income	15,512	12,826	40,475	42,675
Non-Guarantor Subsidiaries [Member]
Homebuilding:
Revenues	183,350	160,393	481,087	378,046
Cost of sales	(132,714)	(111,910)	(348,571)	(267,961)
Gross margin	50,636	48,483	132,516	110,085
Selling, general and administrative expenses	(14,018)	(12,725)	(39,185)	(29,574)
Income (loss) from unconsolidated joint ventures	107	351	(417)	(463)
Interest income (expense), net	(949)	(329)	(2,138)	(1,634)
Other income (expense	824	1,104	2,916	2,033
Homebuilding pretax income	36,600	36,884	93,692	80,447
Financial Services:
Financial services pretax income	2,847	2,737	6,873	7,008
Income before taxes	39,447	39,621	100,565	87,455
Provision for income taxes	(6,804)	(10,626)	(19,349)	(22,236)
Net income	$ 32,643	$ 28,995	$ 81,216	$ 65,219

Note 21 - Supplemental Guaran72

Note 21 - Supplemental Guarantor Information (Details) - Condensed Consolidating Balance Sheet - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Homebuilding:
Cash and equivalents	$ 126,722	$ 212,393	$ 25,668	$ 363,291
Restricted cash	38,500
Inventories:
Owned	3,805,453	3,255,204
Not owned	47,333	85,153
Investments in unconsolidated joint ventures	121,937	50,111
Total Assets	4,561,209	4,174,420
Homebuilding:
Senior notes payable	2,104,212	2,131,393
Total Liabilities	2,753,882	2,497,732
Equity:
Total Stockholders' Equity	1,807,327	1,676,688
Total Liabilities and Equity	4,561,209	4,174,420
Homebuilding [Member]
Homebuilding:
Cash and equivalents	97,854	180,428
Restricted cash	37,425	38,222
Inventories:
Owned	3,805,453	3,255,204
Not owned	47,333	85,153
Investments in unconsolidated joint ventures	121,937	50,111
Deferred income taxes, net	255,297	276,402
Other assets	52,074	61,597
Total Assets	4,417,373	3,947,117
Homebuilding:
Accounts payable	82,754	45,085
Accrued liabilities and intercompany payables	209,872	223,783
Revolving credit facility	268,700
Secured project debt and other notes payable	5,855	4,689
Senior notes payable	2,104,212	2,131,393
Total Liabilities	2,671,393	2,404,950
Financial Services [Member]
Homebuilding:
Cash and equivalents	28,868	31,965
Restricted cash	1,045	1,295
Mortgage loans held for sale, net	86,064	174,420
Mortgage loans held for investment, net	22,087	14,380
Inventories:
Other assets	5,772	5,243
Total Assets	143,836	227,303
Homebuilding:
Total Liabilities	82,489	92,782
Financial Services:
Accounts payable and other liabilities	3,630	3,369
Mortgage credit facilities	78,859	89,413
Parent Company [Member]
Homebuilding:
Cash and equivalents	61,416	133,304	737	175,289
Inventories:
Total Assets	4,499,654	4,129,481
Homebuilding:
Total Liabilities	2,692,327	2,452,793
Equity:
Total Stockholders' Equity	1,807,327	1,676,688
Total Liabilities and Equity	4,499,654	4,129,481
Parent Company [Member] | Homebuilding [Member]
Homebuilding:
Cash and equivalents	61,416	133,304
Intercompany receivables	1,830,064	1,637,226
Inventories:
Owned	1,228,171	1,059,197
Not owned	14,879	17,360
Investments in unconsolidated joint ventures	(1,618)	(1,653)
Investments in subsidiaries	1,065,251	957,933
Deferred income taxes, net	264,667	283,890
Other assets	36,824	42,224
Total Assets	4,499,654	4,129,481
Homebuilding:
Accounts payable	22,040	13,856
Accrued liabilities and intercompany payables	193,756	206,731
Revolving credit facility	268,700
Secured project debt and other notes payable	103,619	100,813
Senior notes payable	2,104,212	2,131,393
Total Liabilities	2,692,327	2,452,793
Guarantor Subsidiaries [Member]
Homebuilding:
Cash and equivalents	9,803	1,061	850	494
Inventories:
Total Assets	1,356,281	1,275,545
Homebuilding:
Total Liabilities	957,104	885,124
Equity:
Total Stockholders' Equity	399,177	390,421
Total Liabilities and Equity	1,356,281	1,275,545
Guarantor Subsidiaries [Member] | Homebuilding [Member]
Homebuilding:
Cash and equivalents	9,803	1,061
Inventories:
Owned	1,319,062	1,234,233
Not owned	16,382	28,520
Investments in unconsolidated joint ventures	(69)	497
Other assets	11,103	11,234
Total Assets	1,356,281	1,275,545
Homebuilding:
Accounts payable	33,958	16,202
Accrued liabilities and intercompany payables	923,146	868,922
Total Liabilities	957,104	885,124
Non-Guarantor Subsidiaries [Member]
Homebuilding:
Cash and equivalents	55,503	78,028	38,640	$ 187,508
Inventories:
Total Assets	1,717,491	1,558,550
Homebuilding:
Total Liabilities	1,051,417	991,038
Equity:
Total Stockholders' Equity	666,074	567,512
Total Liabilities and Equity	1,717,491	1,558,550
Non-Guarantor Subsidiaries [Member] | Homebuilding [Member]
Homebuilding:
Cash and equivalents	26,635	46,063
Restricted cash	37,425	38,222
Intercompany receivables	105,856	184,772
Inventories:
Owned	1,258,220	961,774
Not owned	16,072	39,273
Investments in unconsolidated joint ventures	123,624	51,267
Other assets	4,147	8,139
Total Assets	1,571,979	1,329,510
Homebuilding:
Accounts payable	26,756	15,027
Accrued liabilities and intercompany payables	921,004	783,324
Secured project debt and other notes payable	4,131	4,689
Total Liabilities	951,891	803,040
Non-Guarantor Subsidiaries [Member] | Financial Services [Member]
Homebuilding:
Cash and equivalents	28,868	31,965
Restricted cash	1,045	1,295
Mortgage loans held for sale, net	86,064	174,420
Mortgage loans held for investment, net	22,087	14,380
Inventories:
Other assets	7,448	6,980
Total Assets	145,512	229,040
Homebuilding:
Total Liabilities	99,526	187,998
Financial Services:
Accounts payable and other liabilities	20,667	18,585
Mortgage credit facilities	78,859	169,413
Consolidation, Eliminations [Member]
Homebuilding:
Cash and equivalents			$ (14,559)
Inventories:
Total Assets	(3,012,217)	(2,789,156)
Homebuilding:
Total Liabilities	(1,946,966)	(1,831,223)
Equity:
Total Stockholders' Equity	(1,065,251)	(957,933)
Total Liabilities and Equity	(3,012,217)	(2,789,156)
Consolidation, Eliminations [Member] | Homebuilding [Member]
Homebuilding:
Intercompany receivables	(1,935,920)	(1,821,998)
Inventories:
Investments in subsidiaries	(1,065,251)	(957,933)
Deferred income taxes, net	(9,370)	(7,488)
Total Assets	3,010,541	(2,787,419)
Homebuilding:
Accrued liabilities and intercompany payables	(1,828,034)	(1,635,194)
Secured project debt and other notes payable	(101,895)	(100,813)
Total Liabilities	(1,929,929)	(1,736,007)
Consolidation, Eliminations [Member] | Financial Services [Member]
Inventories:
Other assets	(1,676)	(1,737)
Total Assets	(1,676)	(1,737)
Homebuilding:
Total Liabilities	(17,037)	(95,216)
Financial Services:
Accounts payable and other liabilities	$ (17,037)	(15,216)
Mortgage credit facilities		$ (80,000)

Note 21 - Supplemental Guaran73

Note 21 - Supplemental Guarantor Information (Details) - Condensed Consolidating Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	$ (215,830)	$ (258,546)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures	(83,288)	(7,948)
Distributions of capital from unconsolidated homebuilding joint ventures	10,289	18,010
Net cash paid for acquisitions		(33,408)
Other investing activities	(11,716)	(1,984)
Net cash provided by (used in) investing activities	(84,715)	(25,330)
Cash Flows From Financing Activities:
Change in restricted cash	1,047	(15,567)
Borrowings from revolving credit facility	491,400
Principal payments on revolving credit facility	(222,700)
Principal payments on secured project debt and other notes payable	(569)	(1,399)
Principal payments on senior notes payable	(29,789)	(4,971)
Payment of debt issuance costs		(2,387)
Net proceeds from (payments on) mortgage credit facilities	(10,554)	(36,169)
Repurchase of common stock	(22,073)
Issuance of common stock under employee stock plans	(461)	5,786
Excess tax benefits from share-based payment arrangements	8,573	960
Net cash provided by (used in) financing activities	214,874	(53,747)
Net increase (decrease) in cash and equivalents	(85,671)	(337,623)
Cash and equivalents at beginning of period	212,393	363,291
Issuance of common stock under employee stock plans, net of tax withholdings
Cash and equivalents at end of period	212,393	363,291	$ 126,722	$ 25,668
Consolidation, Eliminations [Member]
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities		(14,559)
Cash Flows From Investing Activities:
Loan to parent and subsidiaries	(80,000)	190,000
Net cash provided by (used in) investing activities	(80,000)	190,000
Cash Flows From Financing Activities:
Loan from subsidiary		(190,000)
Net proceeds from (payments on) mortgage credit facilities	80,000
Net cash provided by (used in) financing activities	80,000	(190,000)
Net increase (decrease) in cash and equivalents		(14,559)
Issuance of common stock under employee stock plans, net of tax withholdings
Cash and equivalents at end of period				(14,559)
Parent Company [Member]
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	(116,827)	14,398
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures		144
Distributions of capital from unconsolidated homebuilding joint ventures		227
Net cash paid for acquisitions		(35,685)
Other investing activities	(2,308)	(1,367)
Net cash provided by (used in) investing activities	(2,308)	(36,681)
Cash Flows From Financing Activities:
Borrowings from revolving credit facility	491,400
Principal payments on revolving credit facility	(222,700)
Principal payments on senior notes payable	(29,789)	(4,971)
Payment of debt issuance costs		(2,387)
Loan from subsidiary		190,000
(Contributions to) distributions from Corporate and subsidiaries	14,373	3,650
Repurchase of common stock	(22,073)
Issuance of common stock under employee stock plans	(461)	5,786
Excess tax benefits from share-based payment arrangements	8,573	960
Intercompany advances, net	(192,076)	(345,307)
Net cash provided by (used in) financing activities	47,247	(152,269)
Net increase (decrease) in cash and equivalents	(71,888)	(174,552)
Cash and equivalents at beginning of period	133,304	175,289
Issuance of common stock under employee stock plans, net of tax withholdings
Cash and equivalents at end of period	133,304	175,289	61,416	737
Guarantor Subsidiaries [Member]
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	(14,645)	(174,601)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures		2
Distributions of capital from unconsolidated homebuilding joint ventures		229
Other investing activities	(1,605)	(1,108)
Net cash provided by (used in) investing activities	(1,605)	(877)
Cash Flows From Financing Activities:
(Contributions to) distributions from Corporate and subsidiaries	(31,719)
Intercompany advances, net	56,711	175,834
Net cash provided by (used in) financing activities	24,992	175,834
Net increase (decrease) in cash and equivalents	8,742	356
Cash and equivalents at beginning of period	1,061	494
Issuance of common stock under employee stock plans, net of tax withholdings
Cash and equivalents at end of period	1,061	494	9,803	850
Non-Guarantor Subsidiaries [Member]
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	(84,358)	(83,784)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures	(83,288)	(8,094)
Distributions of capital from unconsolidated homebuilding joint ventures	10,289	17,554
Net cash paid for acquisitions		2,277
Loan to parent and subsidiaries	80,000	(190,000)
Other investing activities	(7,803)	491
Net cash provided by (used in) investing activities	(802)	(177,772)
Cash Flows From Financing Activities:
Change in restricted cash	1,047	(15,567)
Principal payments on secured project debt and other notes payable	(569)	(1,399)
Net proceeds from (payments on) mortgage credit facilities	(90,554)	(36,169)
(Contributions to) distributions from Corporate and subsidiaries	17,346	(3,650)
Intercompany advances, net	135,365	169,473
Net cash provided by (used in) financing activities	62,635	112,688
Net increase (decrease) in cash and equivalents	(22,525)	(148,868)
Cash and equivalents at beginning of period	78,028	187,508
Issuance of common stock under employee stock plans, net of tax withholdings
Cash and equivalents at end of period	$ 78,028	$ 187,508	$ 55,503	$ 38,640