CalAtlantic (CAA) 10-K 29 Feb 16 2015 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Feb. 26, 2016	Jun. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	CalAtlantic Group, Inc.
Trading Symbol	CAA
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		121,292,793
Entity Public Float			$ 1,310,016,860
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	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Homebuilding:
Home sale revenues	$ 3,449,047		$ 2,366,754		$ 1,898,989
Land sale revenues	47,364		44,424		15,620
Total revenues	3,496,411		2,411,178		1,914,609
Cost of home sales	(2,676,666)		(1,748,954)		(1,431,797)
Cost of land sales	(43,274)		(43,841)		(13,616)
Total cost of sales	(2,719,940)		(1,792,795)		(1,445,413)
Gross margin	776,471	[1]	618,383	[1]	469,196
Selling, general and administrative expenses	(390,710)		(275,861)		(230,691)
Income (loss) from unconsolidated joint ventures	1,966		(668)		949
Other income (expense)	(62,177)		(1,733)		6,815
Homebuilding pretax income	325,550		340,121		246,269
Financial Services:
Revenues	43,702		25,320		25,734
Expenses	(26,763)		(15,477)		(14,305)
Financial services pretax income	16,939		9,843		11,429
Income before taxes	342,489		349,964		257,698
Provision for income taxes	(128,980)		(134,099)		(68,983)
Net income	213,509	[1]	215,865	[1]	188,715
Less: Net income allocated to preferred shareholder	(32,997)		(51,650)		(57,386)
Less: Net income allocated to unvested restricted stock	(369)		(297)		(265)
Net income available to common stockholders	$ 180,143		$ 163,918		$ 131,064
Income per common share:
Basic (in Dollars per share)	$ 2.51	[1]	$ 2.94	[1]	$ 2.59
Diluted (in Dollars per share)	$ 2.26	[1]	$ 2.68	[1]	$ 2.36
Weighted average common shares outstanding:
Basic (in Shares)	71,713,747		55,737,548		50,623,649
Diluted (in Shares)	81,512,953		63,257,082		58,234,791
Weighted average additional common shares outstanding if preferred shares converted to common shares (in Shares)	13,135,814		17,562,557		22,165,311
Total weighted average diluted common shares outstanding if preferred shares converted to common shares (in Shares)	94,648,767		80,819,639		80,400,102
[1]	Per share amounts do not add across due to rounding differences in quarterly amounts and due to the impact of differences between the quarterly and annual weighted average share calculations.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Net income	$ 213,509	[1]	$ 215,865	[1]	$ 188,715
Other comprehensive income, net of tax:
Unrealized gain on interest rate swaps					2,228
Unrealized gain on marketable securites, available for sale	5
Total comprehensive income	$ 213,514		$ 215,865		$ 190,943
[1]	Per share amounts do not add across due to rounding differences in quarterly amounts and due to the impact of differences between the quarterly and annual weighted average share calculations.

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Homebuilding:
Cash and equivalents	$ 186,594	$ 212,393
Investments in unconsolidated joint ventures	132,763	50,111
Deferred income taxes, net of valuation allowance of $1,156 and $2,561 at December 31, 2015 and 2014, respectively	396,194	276,402
Total Assets	8,345,505	4,151,639
Owned	6,069,959	3,255,204
Not owned	83,246	85,153
Homebuilding:
Senior notes payable	3,462,016	2,108,612
Total Liabilities	4,484,069	2,474,951
Stockholders' Equity:
Preferred stock, $0.01 par value; 10,000,000 shares authorized; 0 and 53,565 shares issued and outstanding at December 31, 2015 and 2014, respectively		1
Common stock, $0.01 par value; 600,000,000 shares authorized; 121,286,153 and 55,028,238 shares issued and outstanding at December 31, 2015 and 2014, respectively	1,213	550
Additional paid-in capital	3,324,328	1,348,905
Accumulated earnings	535,890	327,232
Accumulated other comprehensive income, net of tax	5
Total Equity	3,861,436	1,676,688
Total Liabilities and Equity	8,345,505	4,151,639
Homebuilding [Member]
Homebuilding:
Cash and equivalents	151,076	180,428
Restricted cash	35,990	38,222
Investments in unconsolidated joint ventures	132,763	50,111
Deferred income taxes, net of valuation allowance of $1,156 and $2,561 at December 31, 2015 and 2014, respectively	396,194	276,402
Goodwill	933,360
Other assets	118,768	38,816
Total Assets	7,921,356	3,924,336
Owned	6,069,959	3,255,204
Not owned	83,246	85,153
Homebuilding:
Accounts payable	191,681	45,085
Accrued liabilities	478,793	223,783
Secured project debt and other notes payable	25,683	4,689
Senior notes payable	3,462,016	2,108,612
Total Liabilities	4,158,173	2,382,169
Financial Services [Member]
Homebuilding:
Cash and equivalents	35,518	31,965
Restricted cash	22,914	1,295
Mortgage loans held for sale, net	325,770	174,420
Mortgage loans held for investment, net	22,704	14,380
Other assets	17,243	5,243
Total Assets	424,149	227,303
Homebuilding:
Total Liabilities	325,896	92,782
Financial Services:
Accounts payable and other liabilities	22,474	3,369
Mortgage credit facilities	$ 303,422	$ 89,413

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred income taxes, valuation allowance (in Dollars)	$ 1,156	$ 2,561
Preferred stock, Par value (in Dollars per share)	$ 0.01	$ 0.01
Preferred stock, Shares authorized	10,000,000	10,000,000
Preferred stock, Shares issued	0	53,565
Preferred stock, Shares outstanding	0	53,565
Common stock, Par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, Shares authorized	600,000,000	600,000,000
Common stock, Shares issued	121,286,153	55,028,238
Common stock, Shares outstanding	121,286,153	55,028,238
Homebuilding [Member]
Deferred income taxes, valuation allowance (in Dollars)	$ 1,156	$ 2,561

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2012	$ 1	$ 426	$ 1,334,965	$ (77,348)	$ (2,228)	$ 1,255,816
Balance (in Shares) at Dec. 31, 2012	90,165	42,649,098
Net income				188,715		188,715
Other comprehensive income, net of tax					2,228	2,228
Stock issuances under employee plans, including income tax benefits		$ 9	13,527			13,536
Stock issuances under employee plans, including income tax benefits, shares (in Shares)		874,538
Issuance of common stock in connection with preferred stock conversion, net of issuance costs		$ 120	(470)			(350)
Issuance of common stock in connection with preferred stock conversion, net of issuance costs (in Shares)	(36,600)	12,000,000
Amortization of stock-based compensation			9,015			9,015
Balance at Dec. 31, 2013	$ 1	$ 555	1,357,037	111,367		1,468,960
Balance (in Shares) at Dec. 31, 2013	53,565	55,523,636
Net income				215,865		215,865	[1]
Stock issuances under employee plans, including income tax benefits		$ 5	20,170			20,175
Stock issuances under employee plans, including income tax benefits, shares (in Shares)		512,602
Repurchase and retirement of common stock, net of expenses		$ (10)	(36,771)			(36,781)
Repurchase and retirement of common stock, net of expenses, shares (in Shares)		(1,008,000)
Amortization of stock-based compensation			8,469			8,469
Balance at Dec. 31, 2014	$ 1	$ 550	1,348,905	327,232		1,676,688
Balance (in Shares) at Dec. 31, 2014	53,565	55,028,238
Net income				213,509		213,509	[1]
Other comprehensive income, net of tax					5	5
Stock issuances under employee plans, including income tax benefits		$ 13	10,237			10,250
Stock issuances under employee plans, including income tax benefits, shares (in Shares)		1,350,984
Common stock dividends ($0.04 per share)				(4,851)		(4,851)
Repurchase and retirement of common stock, net of expenses		$ (6)	(22,067)			(22,073)
Repurchase and retirement of common stock, net of expenses, shares (in Shares)		(645,338)
Stock issuance in connection with merger, net of preferred stock conversion	$ (1)	$ 656	1,971,629			1,972,284
Stock issuance in connection with merger, net of preferred stock conversion (in Shares)	(53,565)	65,552,269
Amortization of stock-based compensation			15,624			15,624
Balance at Dec. 31, 2015		$ 1,213	$ 3,324,328	$ 535,890	$ 5	$ 3,861,436
Balance (in Shares) at Dec. 31, 2015		121,286,153
[1]	Per share amounts do not add across due to rounding differences in quarterly amounts and due to the impact of differences between the quarterly and annual weighted average share calculations.

Consolidated Statements of Sto7

Consolidated Statements of Stockholders' Equity (Parentheticals)	12 Months Ended
	Dec. 31, 2015$ / shares
Common stock dividends per share	$ 0.04

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Cash Flows From Operating Activities:
Net income	$ 213,509	[1]	$ 215,865	[1]	$ 188,715
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
(Income) loss from unconsolidated joint ventures	(1,966)		668		(949)
Cash distributions of income from unconsolidated joint ventures	2,830		1,875		3,375
Depreciation and amortization	41,151		27,347		21,916
Loss on disposal of property and equipment	39		11		17
Amortization of stock-based compensation	15,624		8,469		9,015
Excess tax benefits from share-based payment arrangements	(9,250)		(13,404)
Deferred income tax provision	38,636		98,998		84,214
Changes in cash and equivalents due to:
Mortgage loans held for sale	(42,871)		(52,838)		(2,543)
Inventories - owned	(497,836)		(664,427)		(433,652)
Inventories - not owned	34,770		(33,027)		(43,319)
Other assets	(2,998)		4,529		(2,279)
Accounts payable	(89,461)		9,314		13,325
Accrued liabilities	26,462		34,223		7,949
Net cash provided by (used in) operating activities	(271,361)		(362,397)		(154,216)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures	(91,453)		(10,506)		(24,328)
Distributions of capital from unconsolidated homebuilding joint ventures	19,582		18,010		4,763
Cash acquired in connection with merger	268,517
Net cash paid for acquisitions			(33,770)		(116,262)
Other investing activities	(11,972)		(4,754)		(8,030)
Net cash provided by (used in) investing activities	184,674		(31,020)		(143,857)
Cash Flows From Financing Activities:
Change in restricted cash	652		(16,762)		6,565
Borrowing from revolving credit facility	852,700
Principal payments on revolving credit facility	(852,700)
Principal payments on secured project debt and other notes payable	(2,532)		(1,458)		(8,334)
Principal payments on senior notes payable	(29,789)		(4,971)
Proceeds from the issuance of senior notes payable			300,000		300,000
Payment of debt issuance costs	(1,016)		(6,230)		(5,316)
Net proceeds from (payments on) mortgage credit facilities	110,469		(11,454)		8,708
Repurchases of common stock	(22,073)		(36,781)
Common stock dividend payments	(4,851)
Issuance of common stock under employee stock plans, net of withholdings	1,000		6,771		13,536
Excess tax benefits from share-based payment arrangements	9,250		13,404
Other financing activities	(222)
Net cash provided by (used in) by financing activities	60,888		242,519		314,809
Net increase (decrease) in cash and equivalents	(25,799)		(150,898)		16,736
Cash and equivalents at beginning of year	212,393		363,291		346,555
Cash and equivalents at end of year	186,594		212,393		363,291
Cash and equivalents at end of year	$ 212,393		$ 212,393		363,291
Preferred Stock [Member]
Cash Flows From Financing Activities:
Payment of issuance costs in connection with preferred shareholder equity transactions					$ (350)
[1]	Per share amounts do not add across due to rounding differences in quarterly amounts and due to the impact of differences between the quarterly and annual weighted average share calculations.

Note 1 - Company Organization a

Note 1 - Company Organization and Operations	12 Months Ended
	Dec. 31, 2015
Disclosure Text Block [Abstract]
Nature of Operations [Text Block]	1. Company Organization and Operations Effective 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, between Standard Pacific Corp. ("Standard Pacific") and The Ryland Group, Inc. ("Ryland"), Ryland merged with and into Standard Pacific, with Standard Pacific continuing as the surviving corporation and changing its name to "CalAtlantic Group, Inc." ("the Company"). The percentages of our homes delivered by regionreportable segment for the years ended December 31, 2015, 2014 and 2013 were as follows: We are a geographically diversified builder of single-family attached and detached homes. We also provide mortgage, title and escrow services, and are focused on providing an exceptional end-to-end homebuying experience for our customers. Unless the context otherwise requires, the terms "we," "us," "our" and "the Company" refer to CalAtlantic Group, Inc. and its subsidiaries. The percentages of our homes delivered by reportable segment for the years ended December 31, 2015, 2014 and 2013 were as follows: Year Ended December 31, State 2015 2014 2013 (Unaudited) North 11 % n/a % n/a % Southeast 34 38 38 Southwest 26 21 18 West 29 41 44 Total 100 % 100 % 100 %

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	2. Summary of Significant Accounting Policies a. Basis of Presentation The consolidated financial statements include the accounts of CalAtlantic Group, Inc. and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Certain reclassifications have been made to prior year amounts to conform to the current year presentation. b. Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. c. Segment Reporting Accounting Standards Codification ("ASC") Topic 280, Segment Reporting During the 2015 third quarter, in connection with transition planning related to our merger with Ryland, the chief operating decision makers began evaluating the business and allocating resources based on aggregating our Arizona operating segment within our California reportable segment. Our Arizona operating segment was previously reported within our Southwest reportable segment, and as such, prior periods presented have been restated to conform to our new presentation. d. Variable Interest Entities We account for variable interest entities in accordance with ASC Topic 810, Consolidation e. Limited Partnerships and Limited Liability Companies We analyze our homebuilding and land development joint ventures under the provisions of ASC 810 (as discussed above) when determining whether the entity should be consolidated. In accordance with the provisions of ASC 810, limited partnerships or similar entities, such as limited liability companies, must be further evaluated under the presumption that the general partner, or the managing member in the case of a limited liability company, is deemed to have a controlling interest and therefore must consolidate the entity unless the limited partners or non-managing members have: (1) the ability, either by a single limited partner or through a simple majority vote, to dissolve or liquidate the entity, or kick-out the managing member/general partner without cause, or (2) substantive participatory rights that are exercised in the ordinary course of business. Under the provisions of ASC 810, we may be required to consolidate certain investments in which we hold a general partner or managing member interest. f. Revenue Recognition In accordance with ASC Topic 360-20, Property, Plant, and Equipment – Real Estate Sales In accordance with ASC Topic 825, Financial Instruments g. Cost of Sales Homebuilding cost of sales is recognized in the period when the related homebuilding revenues are recognized. Cost of sales is recorded based upon total estimated costs to be allocated to each home within a community. Certain direct construction costs are specifically identified and allocated to homes while other common costs, such as land, land improvements and carrying costs, are allocated to homes within a community based upon their anticipated relative sales or fair value. Any changes to the estimated costs are allocated to the remaining undelivered lots and homes within their respective community. The estimation of these costs requires a substantial degree of judgment by management. h. 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. During the years ended December 31, 2015, 2014 and 2013, we did not record any warranty adjustments. Our warranty accrual is included in accrued liabilities in the accompanying consolidated balance sheets. Changes in our warranty accrual are detailed in the table set forth below: Year Ended December 31, 2015 2014 2013 (Dollars in thousands) Warranty accrual, beginning of the year $ 13,584 $ 13,811 $ 15,514 Warranty assumed with merger 25,528 — — Warranty costs accrued during the year 13,803 7,550 2,495 Warranty costs paid during the year (12,224 ) (7,777 ) (4,198 ) Warranty accrual, end of the year $ 40,691 $ 13,584 $ 13,811 i. Earnings Per Common Share We compute earnings per share in accordance with ASC Topic 260, Earnings per Share 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 was convertible into shares of our common stock at the holder’s option, 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 had 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 income per share. Year Ended December 31, 2015 2014 2013 (Dollars in thousands, except per share amounts) Numerator: Net income $ 213,509 $ 215,865 $ 188,715 Less: Net income allocated to preferred shareholder (32,997 ) (51,650 ) (57,386 ) Less: Net income allocated to unvested restricted stock (369 ) (297 ) (265 ) Net income available to common stockholders for basic earnings per common share 180,143 163,918 131,064 Effect of dilutive securities: Net income allocated to preferred shareholder 32,997 51,650 57,386 Interest on 1.625% convertible senior notes due 2018 47 n/a n/a Interest on 0.25% convertible senior notes due 2019 9 n/a n/a Interest on 1.25% convertible senior notes due 2032 898 899 899 Net income available to common and preferred stock for diluted earnings per share $ 214,094 $ 216,467 $ 189,349 Denominator: Weighted average basic common shares outstanding 71,713,747 55,737,548 50,623,649 Weighted average additional common shares outstanding if preferred shares converted to common shares (if dilutive) 13,135,814 17,562,557 22,165,311 Total weighted average common shares outstanding if preferred shares converted to common shares 84,849,561 73,300,105 72,788,961 Effect of dilutive securities: Share-based awards 816,459 1,256,964 1,348,571 1.625% convertible senior notes due 2018 1,804,192 n/a n/a 0.25% convertible senior notes due 2019 915,985 n/a n/a 1.25% convertible senior notes due 2032 6,262,570 6,262,570 6,262,570 Weighted average diluted shares outstanding 94,648,767 80,819,639 80,400,102 Income per share: Basic $ 2.51 $ 2.94 $ 2.59 Diluted $ 2.26 $ 2.68 $ 2.36 j. Stock-Based Compensation We account for share-based awards in accordance with ASC Topic 718, Compensation – Stock Compensation k . Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income (loss) consists of unrealized gains or losses on available-for-sale marketable securities, as reported within the accompanying consolidated statements of stockholders' equity and consolidated statements of comprehensive income. At December 31, 2015, accumulated other comprehensive income included unrealized gains of $169,000 on available-for-sale marketable securities, offset with reclassification adjustments, which represent realized gains or losses on the sales of available-for-sale marketable securities, in the amount of $164,000. Realized gains or losses were included in homebuilding other income (expense) in the accompanying consolidated statements of operations. Please see Note 2.u. for discussion of other comprehensive income (loss) related to derivative instruments and hedging activities. l . 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 December 31, 2015, cash and equivalents included $54.2 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 December 31, 2015, homebuilding restricted cash represented $36.0 million of cash held in cash collateral accounts primarily related to certain letters of credit that have been issued. Financial services restricted cash as of December 31, 2015 consisted of $17.7 million held in cash collateral accounts primarily related to certain letters of credit that have been issued, $4.0 million related to our financial services subsidiary mortgage credit facilities and $1.2 million related to funds held in trust for third parties. m . Mortgage Loans Held for Sale In accordance with ASC 825, mortgage loans held for sale are recorded at fair value and loan origination and related costs are recognized upon loan closing. In addition, we recognize net interest income on loans held for sale from the date of origination through the date of disposition. We sell substantially all of the loans we originate in the secondary mortgage market, with servicing rights released on a non-recourse basis. These sales are generally subject to our obligation to repay the gain on sale if the loan is prepaid by the borrower within a certain time period following such sale, or to repurchase loans or indemnify investors for losses from borrower defaults if, among other things, the loan purchaser’s underwriting guidelines are not met or there is fraud in connection with the loan. We establish liabilities for such anticipated losses based upon, among other things, an analysis of indemnification and repurchase requests received, an estimate of potential indemnification or repurchase claims not yet received, our historical amount of indemnification payments and repurchases, and losses incurred through the disposition of affected loans. During the years ended December 31, 2015, 2014 and 2013, we recorded loan loss expense related to indemnification and repurchase allowances of $0.3 million, $0.5 million and $0, respectively. As of December 31, 2015 and 2014, we had indemnity and repurchase allowances related to loans sold of $3.9 million and $2.2 million, respectively, including reserves of $1.5 million assumed in the Ryland merger. n . Mortgage Loans Held for Investment Certain mortgage loans are classified as held for investment based on our intent and ability to hold the loans for the foreseeable future or to maturity. Mortgage loans held for investment are recorded at their unpaid principal balance, net of discounts and premiums, unamortized net deferred loan origination costs and fees and allowance for loan losses. Discounts, premiums, and net deferred loan origination costs and fees are amortized into income over the contractual life of the loan. Mortgage loans held for investment are continually evaluated for collectability and, if appropriate, specific allowances are established based on estimates of collateral value. Loans are placed on non-accrual status for first trust deeds when the loan is 90 days past due and for second trust deeds when the loan is 30 days past due, and previously accrued interest is reversed from income if deemed uncollectible. As of December 31, 2015 and 2014, we had allowances for loan losses for loans held for investment of $1.6 million and $1.5 million, respectively. o . Inventories Inventories consist of land, land under development, homes under construction, completed homes and model homes and are stated at cost, net of any impairment charges. We capitalize direct carrying costs, including interest, property taxes and related development costs to inventories. Field construction supervision and related direct overhead are also included in the capitalized cost of inventories. Direct construction costs are specifically identified and allocated to homes while other common costs, such as land, land improvements and carrying costs, are allocated to homes within a community based upon their anticipated relative sales or fair value. We assess the recoverability of real estate inventories in accordance with the provisions of ASC Topic 360, Property, Plant, and Equipment p . Capitalization of Interest We follow the practice of capitalizing interest to inventories owned during the period of development and to investments in unconsolidated homebuilding and land development joint ventures in accordance with ASC Topic 835, Interest ("ASC 835"). Homebuilding interest capitalized as a cost of inventories owned is included in cost of sales as related units or lots are sold. Interest capitalized to investments in unconsolidated homebuilding and land development joint ventures is included as a reduction of income from unconsolidated joint ventures when the related homes or lots are sold to third parties. Interest capitalized to investments in unconsolidated land development joint ventures is transferred to inventories owned if the underlying lots are purchased by us. To the extent our homebuilding debt exceeds our qualified assets as defined in ASC 835, we expense a portion of the interest incurred by us. Qualified assets represent projects that are actively selling or under development as well as investments in unconsolidated joint ventures. During the years ended December 31, 2015, 2014 and 2013, our qualified assets exceeded our debt, and as a result, all of our homebuilding interest incurred during 2015, 2014 and 2013 was capitalized in accordance with ASC 835. The following is a summary of homebuilding interest capitalized to inventories owned and investments in unconsolidated joint ventures, amortized to cost of sales and income (loss) from unconsolidated joint ventures and expensed as interest expense, for the years ended December 31, 2015, 2014 and 2013: Year Ended December 31, 2015 2014 2013 (Dollars in thousands) Total interest incurred (1) $ 171,509 $ 153,695 $ 140,865 Less: Interest capitalized to inventories owned (169,233 ) (151,962 ) (137,990 ) Less: Interest capitalized to investments in unconsolidated joint ventures (2,276 ) (1,733 ) (2,875 ) Interest expense $ — $ — $ — Interest previously capitalized to inventories owned, included in home cost of home sales $ 131,611 $ 119,422 $ 120,714 Interest previously capitalized to inventories owned, included in land cost of land sales $ 7,770 $ 3,690 $ 1,064 Interest previously capitalized to investments in unconsolidated joint ventures, included in income (loss) from unconsolidated joint ventures $ — $ 30 $ 441 Interest capitalized in ending inventories owned (2) $ 305,459 $ 275,607 $ 240,734 Interest capitalized as a percentage of inventories owned 5.0 % 8.5 % 9.5 % Interest capitalized in ending investments in unconsolidated joint ventures (2) $ 2,941 $ 665 $ 4,985 Interest capitalized as a percentage of investments in unconsolidated joint ventures 2.2 % 1.3 % 7.5 % (1) For the year ended December 31, 2013, interest incurred included the noncash amortization of $3.6 million of interest related to the Term Loan B swap that was unwound in the 2010 fourth quarter (please see Note 2.u. "Derivative Instruments and Hedging Activities"). (2) During the years ended December 31, 2015, 2014 and 2013, in connection with lot purchases from our joint ventures, $0, $6.0 million and $4.4 million, respectively, of capitalized interest was transferred from investments in unconsolidated joint ventures to inventories owned. In addition, during the year ended December 31, 2013, approximately $0.8 million of capitalized interest was included in other income (expense) in connection with the abandonment of a project. q . Investments in Unconsolidated Land Development and Homebuilding Joint Ventures Investments in our unconsolidated land development and homebuilding joint ventures are accounted for under the equity method of accounting. Under the equity method, we recognize our proportionate share of earnings and losses generated by the joint venture upon the delivery of lots or homes to third parties. All joint venture profits generated from land sales to us are deferred and recorded as a reduction to our cost basis in the lots purchased until the homes to be constructed are ultimately sold by us to third parties. Our ownership interests in our unconsolidated joint ventures vary, but are generally less than or equal to 50 percent. We review inventory projects within our unconsolidated joint ventures for impairments consistent with our real estate inventories described in Note 2.o. We also review our investments in unconsolidated joint ventures for evidence of an other than temporary decline in value. To the extent we deem any portion of our investment in unconsolidated joint ventures as not recoverable, we impair our investment accordingly. r . Goodwill In accordance with ASC Topic 350, Intangibles, Goodwill and Other s . Income Taxes We account for income taxes in accordance with ASC Topic 740, Income Taxes We evaluate our deferred tax assets on a quarterly basis to determine whether a valuation allowance is required. In accordance with ASC 740, we assess whether a valuation allowance should be established based on our determination of whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets depends primarily on: (i) our ability to carry back net operating losses to tax years where we have previously paid income taxes based on applicable federal law; and (ii) our ability to generate future taxable income during the periods in which the related temporary differences become deductible. The assessment of a valuation allowance includes giving appropriate consideration to all positive and negative evidence related to the realization of the deferred tax asset. This assessment considers, among other things, the nature, frequency and severity of current and cumulative losses, forecasts of future profitability, the duration of statutory carryforward periods, our experience with operating loss and tax credit carryforwards not expiring unused, and tax planning alternatives. Significant judgment is required in determining the future tax consequences of events that have been recognized in our consolidated financial statements and/or tax returns. Actual outcomes of these future tax consequences could differ materially from the outcomes we currently anticipate. ASC 740 defines the methodology for recognizing the benefits of uncertain tax return positions as well as guidance regarding the measurement of the resulting tax benefits. These provisions require an enterprise to recognize the financial statement effects of a tax position when it is more likely than not (defined as a likelihood of more than 50%), based on the technical merits, that the position will be sustained upon examination. In addition, these provisions provide guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The evaluation of whether a tax position meets the more-likely-than-not recognition threshold requires a substantial degree of judgment by management based on the individual facts and circumstances. Actual results could differ from estimates. t . 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 December 31, 2015 and 2014 were $125.3 million (including $55.5 million attributable to estimated costs for Ryland claims assumed by us in connection with the merger) and $62.8 million, respectively, which are included in accrued liabilities in the accompanying 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. u . Derivative Instruments and Hedging Activities We account for derivatives and certain hedging activities in accordance with ASC Topic 815, Derivatives and Hedging Our policy is to designate at a derivative’s inception the specific assets, liabilities or future commitments being hedged and monitor the derivative to determine if the derivative remains an effective hedge. The effectiveness of a derivative as a hedge is based on a high correlation between changes in the derivative’s value and changes in the value of the underlying hedged item. We recognize gains or losses for amounts received or paid when the underlying transaction settles. We do not enter into or hold derivatives for trading or speculative purposes. For the year ended December 31, 2013, we recorded after-tax other comprehensive income of $2.2 million, related to interest rate swap agreements that we terminated in December 2010. These swap agreements qualified for hedge accounting treatment prior to their termination and the related gain or loss was deferred, net of tax, in stockholders’ equity as accumulated other comprehensive income (loss). The cost associated with the early unwind of the interest rate swap agreements was amortized as a component of our interest incurred through May 2013, at which time the total cost was completely amortized. v . Accounting for Guarantees We account for guarantees in accordance with the provisions of ASC Topic 470, Debt w . Recent Accounting Pronouncements In January 2014, the Financial Accounting Standards Board ("FASB") issued 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 We early adopted ASU 2015-03 and as a result, we reclassified debt issuance costs associated with our senior notes payable or other project debt as an offset to the carrying amount of our debt. The costs associated with our credit facilities remain classified in homebuilding other assets in the accompanying consolidated balance sheets. ASU 2015-03 was retrospectively applied to all periods presented resulting in a reclassification as of December 31, 2015 and 2014 of debt issuance costs totaling $16.9 million and $22.8 million, respectively, to the carrying amount of our debt. 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 In November 2015, the FASB issued ASU No. 2015-17, Income Taxes: Balance Sheet Classification of Deferred Taxes Our adoption of ASU 2015-03 on December 31, 2015 did not have an effect on our consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities Fair Value Measurements is effective for interim and annual periods beginning after December 15, 2017. Our adoption of ASU 2016-01 is not expected to have a material effect on our consolidated financial statements.

Note 3 - Business Acquisitions

Note 3 - Business Acquisitions	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	3. Business Acquisitions Effective 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 and 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. The following table summarizes the components of Common Stock outstanding immediately following the Merger as of October 1, 2015: As of October 1, 2015 Split/Exchange Ratio As Adjusted 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 — (1,041 ) Total 412,124,419 120,996,334 Based on an evaluation of the provisions of ASC Topic 805, Business Combinations, ("ASC 805") Standard Pacific was determined to be the acquirer for accounting purposes. Under FASB ASC Topic 805, Standard Pacific is treated as having acquired Ryland in an all-stock transaction for an estimated total purchase price of approximately $2.0 billion. The calculation of the total purchase price is based on the outstanding shares of Ryland Common Stock as of the acquisition date multiplied by the 1.0191 exchange ratio and multiplied by the Company’s split-adjusted share price of $40.46 on the date of acquisition. The purchase price also includes $30.6 million of consideration representing the fair value of replacement equity awards attributable to service prior to the closing of the Merger. The total purchase price is calculated as follows (dollars in thousands, except per share amounts). Number of shares of CalAtlantic common stock issued to Ryland shareholders 47,989,812 Opening price per share of CalAtlantic common stock $ 40.46 Consideration attributable to common stock 1,941,668 Consideration attributable to CalAtlantic equity awards in exchange for Ryland equity awards 30,616 Total purchase price $ 1,972,284 The estimated total purchase price was preliminarily allocated to Ryland's assets and liabilities based upon fair values as determined by the Company, as follows (in thousands): Cash and cash equivalents $ 268,517 Inventories 2,404,765 Investments in unconsolidated joint ventures 13,821 Deferred income taxes 158,407 Homebuilding other assets 76,857 Financial services assets, excluding cash 144,889 Goodwill 933,360 Total assets 4,000,616 Accounts payable and accrued liabilities (496,125 ) Secured project debt and other notes payables (22,213 ) Senior notes payable (1,385,375 ) Financial services liabilities (124,619 ) Total purchase price $ 1,972,284 The purchase price accounting reflected in the accompanying financial statements is preliminary and is based upon estimates and assumptions that are subject to change within the measurement period (up to one year from the acquisition date pursuant to ASC 805). The measurement period remains open pending the completion of valuation procedures related to the acquired assets and assumed liabilities. The $933.4 million allocated to goodwill represents the excess of the purchase price over the fair value of assets acquired and liabilities assumed, and it is not deductible for income tax purposes. As of the end of the period covered by this annual report on Form 10-K, we have not yet finalized the allocation of goodwill to our reporting units. Ryland's results of operations, which include homebuilding revenues of $772.3 million and net income of $1.8 million, are included in the accompanying consolidated statements of operations for the period of October 1, 2015 through December 31, 2015. Net income includes adjustments for amortization expense of the acquired intangible assets, inventory step-up and restructuring expenses. The following presents summarized unaudited supplemental pro forma operating results as if Ryland had been included in the Company's Consolidated Statements of Operations as of the beginning of the fiscal years presented. Year Ended December 31, 2015 2014 (Dollars in thousands, except per share amounts) Home sale revenues $ 5,280,297 $ 4,922,721 Net income $ 321,239 $ 387,123 Income per share: Basic $ 2.65 $ 3.19 Diluted $ 2.32 $ 2.80 The supplemental pro forma operating results have been determined after adjusting the operating results of Ryland to reflect additional amortization that would have been recorded assuming the fair value adjustment to intangible assets had been applied beginning January 1, 2014. Certain other adjustments, including those related to conforming accounting policies and adjusting acquired inventory to fair value, have not been reflected in the supplemental pro forma operating results due to the impracticability of estimating such impacts. Acquisition and integration expenses related to the Merger comprised of the following: Year Ended December 31, 2015 (Dollars in thousands) Severance and personnel costs $ 38,970 Professional service, real estate related, and other expenses 13,066 Total $ 52,036 The acquisition and integration costs are expensed as incurred and are presented in other income (expense) within the accompanying consolidated statements of operations.

Note 4 - Segment Reporting

Note 4 - Segment Reporting	12 Months Ended
	Dec. 31, 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 280, our homebuilding operating segments have been grouped into four reportable segments: North, consisting of our operating divisions in Georgia, Delaware, Illinois, Indiana, Maryland, Minnesota, New Jersey, Pennsylvania, Virginia and Washington D.C.; Southeast, consisting of our operating divisions in Florida and the Carolinas; Southwest, consisting of our operating divisions in Texas, Colorado and Nevada; and West, consisting of our operating divisions in California and Arizona. Our mortgage financing operation provides mortgage financing to many of our homebuyers in substantially all of the markets in which we operate, and sells substantially all of the loans it originates in the secondary mortgage market. Our title services operation provides title examinations for our homebuyers in most of our operating divisions. Our mortgage financing and title services operations are included in our financial services reportable segment, which is separately reported in our 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 divisions based on their respective percentage of revenues. Segment financial information relating to the Company’s homebuilding operations was as follows: Year Ended December 31, 2015 2014 2013 (Dollars in thousands) Homebuilding revenues: North $ 262,988 $ n/a $ n/a Southeast 988,773 672,776 496,070 Southwest 889,496 495,008 339,852 West 1,355,154 1,243,394 1,078,687 Total homebuilding revenues $ 3,496,411 $ 2,411,178 $ 1,914,609 Homebuilding pretax income: North $ 5,556 $ n/a $ n/a Southeast 69,726 66,232 38,672 Southwest 70,851 48,958 33,119 West 179,417 224,931 174,478 Total homebuilding pretax income $ 325,550 $ 340,121 $ 246,269 Segment financial information relating to the Company’s homebuilding assets was as follows: December 31, 2015 2014 (Dollars in thousands) Homebuilding assets: North $ 732,689 n/a Southeast 1,766,241 1,060,343 Southwest 1,470,654 624,765 West 2,357,597 1,744,308 Corporate (1) 1,594,175 494,920 Total homebuilding assets $ 7,921,356 $ 3,924,336 (1) The assets in our Corporate Segment include cash and cash equivalents and our deferred tax asset and, for 2015, goodwill recorded in connection with the merger with Ryland. As of the end of the period covered by this annual report on Form 10-K, we have not yet finalized the allocation of goodwill to our reporting units.

Note 5 - Marketable Securities,

Note 5 - Marketable Securities, Available-for-sale	12 Months Ended
	Dec. 31, 2015
Disclosure Text Block Supplement [Abstract]
Cash, Cash Equivalents, and Marketable Securities [Text Block]	5. Marketable Securities, Available-for-sale The Company’s investment portfolio includes mainly municipal debt securities and metropolitan district bond securities, which are included in homebuilding other assets in the accompanying consolidated balance sheets. As defined in ASC No. 320 (“ASC 320”),Topic 320, Investments—Debt and Equity Securities The Company periodically reviews its available-for-sale securities for other-than-temporary declines in fair values that are below their cost bases, as well as whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. At December 31, 2015, the Company believed that the cost bases for its available-for-sale securities were recoverable in all material respects. For the year ended December 31, 2015, net realized earnings associated with the Company’s investment portfolio, which included interest, dividends and net realized gains on sales of marketable securities, totaled $164,000. These earnings were included in other income (expense) within the accompanying consolidated statements of operations. Realized gains or losses on the sales of marketable securities were included as reclassification adjustments, which are a component of other comprehensive income. See Note 2.k. for further discussion. The primary objectives of the Company’s investment portfolio are safety of principal and liquidity. Investments are made with the purpose of achieving the highest rate of return consistent with these two objectives. The Company’s investment policy limits investments to debt rated investment grade or better, as well as to bank and money market instruments and to issues by the U.S. government, U.S. government agencies and municipal or other institutions primarily with investment-grade credit ratings. Our policy places restrictions on maturities, as well as on concentration by type and issuer. The following table displays the fair values of marketable securities, available-for-sale, by type of security: December 31, 2015 Amortized Cost Gross Unrealized Gains Estimated Fair Value (Dollars in thousands) Type of security: Municipal bond and metropolitan district securities $ 19,439 $ 5 $ 19,444 The following table displays the fair values of marketable securities, available-for-sale, by contractual maturity: December 31, 2015 (Dollars in thousands) Contractual maturity: Maturing in one year or less $ - Maturing after three years 19,444 Total marketable securities, available-for-sale $ 19,444

Note 6 - Inventories

Note 6 - Inventories	12 Months Ended
	Dec. 31, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	6 . Inventories a. Inventories Owned Inventories owned consisted of the following at: December 31, 2015 North Southeast Southwest West Total (Dollars in thousands) Land and land under development $ 370,584 $ 1,169,350 $ 687,792 $ 1,318,563 $ 3,546,289 Homes completed and under construction 266,967 464,668 599,183 708,779 $ 2,039,597 Model homes 66,100 119,283 113,549 185,141 $ 484,073 Total inventories owned $ 703,651 $ 1,753,301 $ 1,400,524 $ 2,212,483 $ 6,069,959 December 31, 2014 North Southeast Southwest West Total (Dollars in thousands) Land and land under development n/a $ 722,166 $ 339,625 $ 1,186,498 $ 2,248,289 Homes completed and under construction n/a 258,132 223,032 346,448 $ 827,612 Model homes n/a 53,103 36,199 90,001 $ 179,303 Total inventories owned n/a $ 1,033,401 $ 598,856 $ 1,622,947 $ 3,255,204 In accordance with ASC 360, we record impairment losses on inventories when events and circumstances indicate that they may be impaired, and the future undiscounted cash flows estimated to be generated by those assets are less than their carrying amounts. Inventories that are determined to be impaired are written down to their estimated fair value. We calculate the fair value of a project under a land residual value analysis and in certain cases in conjunction with a discounted cash flow analysis. As of December 31, 2015, 2014 and 2013, the total active and future projects that we owned were 903, 368 and 343, respectively. During the years ended December 31, 2015, 2014 and 2013, we reviewed all projects for indicators of impairment and based on our review, we did not record any inventory impairments during these periods. During the 2014 second quarter, we acquired control of approximately 10 current and future communities from a homebuilder in Austin, Texas, which we accounted for as a business combination in accordance with ASC 805. As a result of this transaction, we recorded approximately $31.5 million of inventories owned, $4.9 million of inventories not owned, $1.2 million of other assets and $4.2 million of other accrued liabilities. In addition, we incurred approximately $0.3 million of transaction costs, which is included in homebuilding other income (expense) in the accompanying consolidated statements of operations. b. Inventories Not Owned Inventories not owned consisted of the following at: December 31, 2015 2014 (Dollars in thousands) Land purchase and lot option deposits $ 82,693 $ 47,472 Other lot option contracts, net of deposits 553 37,681 Total inventories not owned $ 83,246 $ 85,153 Under ASC 810, a non-refundable deposit paid to an entity is deemed to be a variable interest that will absorb some or all of the entity’s expected losses if they occur. Our land purchase and lot option deposits generally represent our maximum exposure to the land seller if we elect not to purchase the optioned property. In some instances, we may also expend funds for due diligence, development and construction activities with respect to optioned land prior to takedown. Such costs are classified as inventories owned, which we would have to absorb should we not exercise the option. Therefore, whenever we enter into a land option or purchase contract with an entity and make a non-refundable deposit, a variable interest entity ("VIE") may have been created. In accordance with ASC 810, we perform ongoing reassessments of whether we are the primary beneficiary of a VIE. Other lot option contracts include $0.6 million and $3.1 million, respectively, as of December 31, 2015 and 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. Also, as of December 31, 2015 and 2014, we had consolidated $0 and $7.6 million, respectively, within other lot option contracts (with a corresponding increase in accrued liabilities) related to land option and purchase contracts where we were deemed to be the primary beneficiary of a VIE.

Note 7 - Investments in Unconso

Note 7 - Investments in Unconsolidated Land Development and Homebuilding Joint Ventures	12 Months Ended
	Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	7 . Investments in Unconsolidated Land Development and Homebuilding Joint Ventures The table set forth below summarizes the combined statements of operations for our unconsolidated land development and homebuilding joint ventures that we accounted for under the equity method: Year December 31, 2015 2014 2013 (Dollars in thousands) (Unaudited) Revenues $ 43,806 $ 39,898 $ 32,546 Cost of sales and expenses (33,587 ) (47,519 ) (30,465 ) Income (loss) of unconsolidated joint ventures $ 10,219 $ (7,621 ) $ 2,081 Income (loss) from unconsolidated joint ventures reflected in the accompanying consolidated statements of operations $ 1,966 $ (668 ) $ 949 Income (loss) from unconsolidated joint ventures reflected in the accompanying 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 years ended December 31, 2015, 2014 and 2013, 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 the years ended December 31, 2015, 2014 and 2013, all of our unconsolidated joint ventures were reviewed for impairment. Based on the impairment review, no joint venture projects were determined to be impaired for the years ended December 31, 2015, 2014 or 2013. The table set forth below summarizes the combined balance sheets for our unconsolidated land development and homebuilding joint ventures that we accounted for under the equity method: December 31, 2015 2014 (Dollars in thousands) (Unaudited) Assets: Cash $ 34,893 $ 29,472 Inventories 510,502 197,727 Other assets 14,540 10,372 Total assets $ 559,935 $ 237,571 Liabilities and Equity: Accounts payable and accrued liabilities $ 26,571 $ 16,173 Bank debt 33,704 30,000 CalAtlantic equity 130,750 54,347 Other Members' equity 368,910 137,051 Total liabilities and equity $ 559,935 $ 237,571 Investments in unconsolidated joint ventures reflected in the accompanying consolidated balance sheets $ 132,763 $ 50,111 In some cases our net investment in these unconsolidated joint ventures is not equal to our proportionate share of equity reflected in the table above primarily because of differences between asset impairments that we recorded in prior periods against our joint venture investments and the impairments recorded by the applicable joint venture. As of December 31, 2015 and 2014, substantially all of our investments in unconsolidated joint ventures were in California. Our investments in unconsolidated joint ventures also included approximately $2.9 million and $0.7 million of homebuilding interest capitalized to investments in unconsolidated joint ventures as of December 31, 2015 and 2014, respectively, which capitalized interest is not included in the 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 December 31, 2015, all of our homebuilding and land development joint ventures with unrelated parties were determined under the provisions of ASC 810 to be unconsolidated joint ventures either because they were not deemed to be VIEs, or, if they were a VIE, we were not deemed to be the primary beneficiary.

Note 8 - Homebuilding Indebtedn

Note 8 - Homebuilding Indebtedness	12 Months Ended
	Dec. 31, 2015
Disclosure Text Block [Abstract]
Long-term Debt [Text Block]	8 . Homebuilding Indebtedness a. Letter of Credit Facilities As of December 31, 2015, in addition to our $350 million letter of credit sublimit under our revolving credit facility, we were party to four committed letter of credit facilities totaling $48 million, of which $33.8 million was outstanding. These facilities require cash collateralization and have maturity dates ranging from October 2016 to October 2017. As of December 31, 2015, these facilities were secured by cash collateral deposits of $34.5 million. Upon maturity, we may renew or enter into new letter of credit facilities with the same or other financial institutions. b. Senior Notes Payable Senior notes payable, consist of the following at: December 31, 2015 2014 (Dollars in thousands) 7% Senior Notes due August 2015 $ — $ 29,771 10.75% Senior Notes due September 2016 275,845 270,474 8.4% Senior Notes due May 2017 248,975 — 8.375% Senior Notes due May 2018 574,058 573,596 1.625% Convertible Senior Notes due May 2018 301,754 — 0.25% Convertible Senior Notes due June 2019 248,098 — 6.625% Senior Notes due May 2020 325,882 — 8.375% Senior Notes due January 2021 394,152 393,093 6.25% Senior Notes due December 2021 297,148 296,673 5.375% Senior Notes due October 2022 249,096 — 5.875% Senior Notes due November 2024 296,598 296,230 1.25% Convertible Senior Notes due August 2032 250,410 248,775 $ 3,462,016 $ 2,108,612 The senior note balances above reflect the Company's adoption of ASU 2015-03, as described in Note 2.w. Debt issuance costs that were deducted from the carrying amounts of the senior notes totaled $16.9 million at December 31, 2015. The carrying amount of the senior notes listed above are net of any discounts and premiums that are amortized to interest costs over the respective terms of the notes. The Company’s 1.625% Convertible Senior Notes due 2018 (the "1.625% Convertible Notes") are senior unsecured obligations of the Company and are guaranteed by the guarantors of our other senior notes on a senior unsecured basis. The 1.625% Convertible Notes bear interest at a rate of 1.625% per year and will mature on May 15, 2018, unless earlier converted or repurchased. The holders may convert their 1.625% Convertible Notes at any time into shares of the Company's common stock at a conversion rate of 31.8207 shares of common stock per $1,000 of their principal amount (which is equal to a conversion price of approximately $31.43 per share), subject to adjustment. The Company may not redeem the 1.625% Convertible Notes prior to the stated maturity date. The Company’s 0.25% Convertible Senior Notes due 2019 (the "0.25% Convertible Notes") are senior unsecured obligations of the Company and are guaranteed by the guarantors of our other senior notes on a senior unsecured basis. The 0.25% Convertible Notes bear interest at a rate of 0.25% per year and will mature on June 1, 2019, unless earlier converted, redeemed or repurchased. The holders may convert their 0.25% Convertible Notes at any time into shares of the Company's common stock at a conversion rate of 13.5886 shares of common stock per $1,000 of their principal amount (which is equal to a conversion price of approximately $73.59 per share), subject to adjustment. The Company may not redeem the 0.25% Convertible Notes prior to June 6, 2017. On or after that date, the Company may redeem for cash any or all of the 0.25% Convertible Notes, at its option, if the closing sale price of its common stock for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period ending within 5 trading days immediately preceding the date on which it provides notice of redemption, including the last trading day of such 30 day trading period, exceeds 130 percent of the applicable conversion price on each applicable trading day. The redemption price will equal 100 percent of the principal amount of the 0.25% Convertible Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. The Company’s 1.25% Convertible Senior Notes due 2032 (the "1.25% Convertible Notes") are senior unsecured obligations of the Company and are guaranteed by the guarantors of our other senior notes on a senior unsecured basis. The 1.25% Convertible Notes bear interest at a rate of 1.25% per year and will mature on August 1, 2032, unless earlier converted, redeemed or repurchased. The holders may convert their 1.25% Convertible Notes at any time into shares of the Company's common stock at a conversion rate of 24.7787 shares of common stock per $1,000 of their principal amount (which is equal to a conversion price of approximately $40.36 per share), subject to adjustment. The Company may not redeem the 1.25% Convertible Notes prior to August 5, 2017. On or after August 5, 2017 and prior to the maturity date, the Company may redeem for cash all or part of the 1.25% Convertible Notes at a redemption price equal to 100% of the principal amount of the 1.25% Convertible Notes being redeemed. On each of August 1, 2017, August 1, 2022 and August 1, 2027, holders of the 1.25% Convertible Notes may require the Company to purchase all or any portion of their 1.25% Convertible Notes for cash at a price equal to 100% of the principal amount of the 1.25% Convertible Notes to be repurchased. Our senior notes payable are all senior obligations and rank equally with our other existing senior indebtedness and, with the exception of our Convertible Notes, are redeemable at our option, in whole or in part, pursuant to a "make whole" formula. These notes contain various restrictive covenants. Our 2016 Notes 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 indenture). As of December 31, 2015, we were able to incur additional indebtedness and make restricted payments because we satisfied both conditions. Many of our 100% owned direct and indirect subsidiaries (collectively, the "Guarantor Subsidiaries") guaranty our outstanding senior notes. The guarantees are full and unconditional, and joint and several. The indentures further provide that a Guarantor Subsidiary will be released and relieved of any obligations under its note guarantee in the event (i) of a sale or other disposition (whether by merger, stock purchase, asset sale or otherwise) of a Guarantor Subsidiary to an entity which is not 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 18 for supplemental financial statement information about our guarantor subsidiaries group and non-guarantor subsidiaries group. We repaid the remaining $29.8 million principal balance of our 7% Senior Notes upon maturity in August 2015. c. 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 December 31, 2015 and 2014, we had approximately $25.7 million and $4.7 million, outstanding, respectively, in secured project debt and other notes payable. d. Borrowings and Maturities The principal amount of maturities of senior and convertible senior notes payable, and secured project debt and other notes payable are as follows: Year Ended December 31, (Dollars in thousands) 2016 $ 302,856 2017 231,171 2018 801,136 2019 268,020 2020 300,000 Thereafter 1,503,000 Total principal amount 3,406,183 Less: Net (discount) premium 98,399 Less: Debt issuance costs (16,883 ) Total homebuilding debt $ 3,487,699 The weighted average interest rate of our borrowings outstanding under our revolving credit facility, senior and convertible senior notes payable, secured project debt and other notes payable as of December 31, 2015, 2014 and 2013, was 6.1%, 7.2%, and 7.4%, respectively. e. Revolving Credit Facility In October 2015, the Company entered into a new credit agreement that provides for total lending commitments of $750 million, $350 million of which is available for letters of credit. It also 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. Interest rates, as defined in the credit agreement, approximate LIBOR (approximately 0.43% at December 31, 2015) plus 1.75% or Prime (3.50% at December 31, 2015) plus 0.75%. The facility matures on October 5, 2019. In addition to customary representations and warranties, the facility 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. On December 31, 2015, no borrowings were outstanding and the Company had outstanding letters of credit issued under the new facility totaling $118.9 million, leaving $631.1 million available under the new facility to be drawn.

Note 9 - Preferred Stock

Note 9 - Preferred Stock	12 Months Ended
	Dec. 31, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	9 . Preferred Stock Prior to the Merger, MatlinPatterson held all of the outstanding 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 December 31, 2015, MatlinPatterson held 42.8 million shares (approximately 35%) of the Company’s outstanding Common Stock and no shares of preferred stock.

Note 10 - Mortgage Credit Facil

Note 10 - Mortgage Credit Facilities	12 Months Ended
	Dec. 31, 2015
Disclosure Of Warehouse Agreement Borrowings [Abstract]
Disclosure Of Warehouse Agreement Borrowings [Text Block]	10 . Mortgage Credit Facilities At December 31, 2015, we had $303.4 million outstanding under our mortgage financing subsidiary’s mortgage credit facilities. These mortgage credit facilities consisted of a $200 million repurchase facility ($25 million committed and $175 million uncommitted), maturing in June 2016, and a $100 million repurchase facility, maturing in January 2016, both with the same lender. These two facilities were replaced in January 2016 with a $200 million uncommitted repurchase facility with the same lender. This new facility matures in January 2017. In addition, our mortgage subsidiary has a $100 million repurchase facility, maturing in April 2016, with another lender. These facilities require our mortgage financing subsidiary to maintain cash collateral accounts, which totaled $4.0 million as of December 31, 2015, and also contain financial covenants which require our mortgage financing subsidiary, CalAtlantic 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 December 31, 2015, CalAtlantic Mortgage was in compliance with the financial and other covenants contained in these facilities.

Note 11 - Disclosures about Fai

Note 11 - Disclosures about Fair Value	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	11 . 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 December 31, Description Fair Value Hierarchy 2015 2014 (Dollars in thousands) Marketable securities, available-for-sale Municipal debt securities Level 2 $ 9,734 $ — Metropolitan district bond securities Level 3 $ 9,710 $ — Mortgage loans held for sale Level 2 $ 328,835 $ 176,511 Marketable Securities, Available-for-sale Marketable securities that are available-for-sale are comprised mainly of municipal debt securities and metropolitan district bond securities. The Company’s municipal debt securities are valued based on quoted market prices of similar instruments and the metropolitan district bond securities are based on a discounted future cash flow model, which uses Level 3 inputs. The primary unobservable inputs used in our discounted cash flow model are (1) the forecasted number of homes to be closed, as they drive increases to the taxpaying base for the metro district, (2) the forecasted assessed value of those closed homes and (3) the discount rate. As of December 31, 2015, the unobservable inputs to the cash flow model used to determine the fair value of the metropolitan district bond securities included an average selling price of homes of approximately $400 thousand and discount rates ranging from 5% to 12%. An increase in the average selling price or decrease in the discount rate would result in an increase the fair value of these securities, while a decrease in the average selling price or increase in the discount rate would result in an increase in the fair value. Mortgage loans held for sale Mortgage loans held for sale NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 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 825: December 31, 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 $ 22,704 $ 22,704 $ 14,380 $ 14,380 Homebuilding liabilities: Senior and convertible senior notes payable, net Level 2 $ 3,462,016 $ 3,675,276 $ 2,108,612 $ 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 and other liabilities, secured project debt and other notes payable, and mortgage credit facilities approximate their carrying amounts due to the short-term nature of these assets and liabilities.

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	1 2 . 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 December 31, 2015, we had non-refundable cash deposits outstanding of approximately $74.1 million and capitalized pre-acquisition and other development and construction costs of approximately $8.5 million relating to land purchase and option contracts having a total remaining purchase price of approximately $773.2 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 December 31, 2015, we held membership interests in 25 homebuilding and land development joint ventures, of which 13 were active and 12 were inactive or winding down. As of such date, only two joint ventures had project specific debt outstanding, which totaled $33.7 million. This joint venture bank debt is non-recourse to us, with $30.0 million scheduled to mature in June 2016 and $3.7 million scheduled to mature in May 2018. At December 31, 2015, we had no joint venture surety bonds outstanding subject to indemnity arrangements by us. c. Surety Bonds We obtain surety bonds in the normal course of business to ensure completion of the infrastructure of our projects. At December 31, 2015, we had approximately $804.3 million in surety bonds outstanding (exclusive of surety bonds related to our joint ventures), with respect to which we had an estimated $465.1 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, CalAtlantic Mortgage. CalAtlantic 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 $297.0 million at December 31, 2015 and carried a weighted average interest rate of approximately 4.1%. 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 December 31, 2015, CalAtlantic Mortgage had approximately $196.0 million in closed mortgage loans held for sale and $18.3 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 December 31, 2015, CalAtlantic Mortgage had approximately $123.0 million in closed mortgage loans held for sale and $275.4 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 CalAtlantic Mortgage are sold with servicing rights released on a non-recourse basis. These sales are generally subject to CalAtlantic 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 December 31, 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 $10.1 billion total dollar value of the loans we originated from the beginning of 2004 through the end of 2015. During the years ended December 31, 2015, 2014 and 2013, CalAtlantic Mortgage recorded loan loss expense related to indemnification and repurchase allowances of $0.3 million, $0.5 million and $0, respectively. As of December 31, 2015, CalAtlantic Mortgage had indemnity and repurchase allowances related to loans sold of approximately $3.9 million. In addition, during the years ended December 31, 2015, 2014 and 2013, CalAtlantic Mortgage made make-whole payments totaling approximately $0.1 million related to three loans, $0.5 million related to 12 loans and $0.8 million related to nine loans, respectively. e. Insurance and Litigation Accruals We are involved in various litigation and legal claims arising in the ordinary course of business and have established insurance and litigation accruals for estimated future claim costs (please see Note 2.t. for further discussion). f. Operating Leases We lease office facilities and certain equipment under noncancelable operating leases. Future minimum rental payments under these leases having an initial term in excess of one year as of December 31, 2015 are as follows: Year Ended December 31, (Dollars in thousands) 2016 $ 8,926 2017 8,006 2018 5,887 2019 4,013 2020 2,047 Thereafter 585 Total rental obligations $ 29,464 Rent expense under noncancelable operating leases, net of sublease income, for each of the years ended December 31, 2015, 2014 and 2013 was approximately $6.5 million, $4.4 million and $3.8 million, respectively.

Note 13 - Income Taxes

Note 13 - Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	1 3 . Income Taxes The (provision) benefit for income taxes includes the following components: Year Ended December 31, 2015 2014 2013 (Dollars in thousands) Current (provision) benefit for income taxes: Federal $ (83,541 ) $ (28,942 ) $ 11,766 State (6,803 ) (6,159 ) (1,880 ) (90,344 ) (35,101 ) 9,886 Deferred (provision) benefit for income taxes: Federal (24,395 ) (84,704 ) (56,752 ) State (14,241 ) (14,294 ) (22,117 ) (38,636 ) (98,998 ) (78,869 ) (Provision) benefit for income taxes $ (128,980 ) $ (134,099 ) $ (68,983 ) The components of our net deferred income tax asset are as follows: December 31, 2015 2014 (Dollars in thousands) Inventory valuation adjustments $ 98,141 $ 84,443 Financial accruals 129,120 39,653 Federal net operating loss carryforwards 97,507 102,971 State net operating loss carryforwards 60,739 40,731 Tax credit carryforwards 1,246 4,428 Goodwill impairment charges 4,287 7,150 Other, net 6,310 (413 ) Total deferred tax asset 397,350 278,963 Less: Valuation allowance (1,156 ) (2,561 ) Net deferred tax asset $ 396,194 $ 276,402 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. As of December 31, 2015, we had a $397.4 million deferred tax asset which was partially offset by a deferred tax asset valuation allowance of $1.2 million related to state net operating loss carryforwards that are limited by shorter carryforward periods. In addition, as of such date, $112.6 million (or approximately $278.6 million and $263.1 million, respectively, of federal and state net operating loss carryforwards on a gross basis) of our deferred tax asset related to net operating loss carryforwards is subject to the Internal Revenue Code Section 382 ("Section 382") gross annual deduction limitation of $15.6 million for both federal and state purposes. The remaining $45.6 million represents state net operating loss carryfowards that are not limited by Section 382. Our gross federal and state net operating loss carryforwards of approximately $278.6 million and $1.2 billion, respectively, if unused, will begin to expire in 2028 and 2016, respectively. The remaining deferred tax asset represented deductible timing differences, primarily related to inventory impairments and financial accruals, which have no expiration date. As of December 31, 2014, we had a $279.0 million deferred tax asset which was partially offset by a deferred tax asset valuation allowance of $2.6 million related to state net operating loss carryforwards that are limited by shorter carryforward periods. In addition, as of such date, $119.0 million (or approximately $294.2 million and $278.7 million, respectively, of federal and state net operating loss carryforwards on a gross basis) of our deferred tax asset related to net operating loss carryforwards is subject to the Internal Revenue Code Section 382 (“Section 382”) gross annual deduction limitation of $15.6 million for both federal and state purposes. The remaining $24.7 million represents state net operating loss carryfowards that are not limited by Section 382. Our 2015 provision for income taxes was $129.0 million related primarily to our $342.5 million of pretax income. The effective tax rate differs from the federal statutory rate of 35% due to the following items: Year Ended December 31, 2015 2014 2013 (Dollars in thousands) Income before taxes $ 342,489 $ 349,964 $ 257,698 (Provision) benefit for income taxes at federal statutory rate $ (119,871 ) $ (122,488 ) $ (90,194 ) (Increases) decreases in tax resulting from: State income taxes, net of federal benefit (11,680 ) (12,961 ) (9,426 ) Net deferred tax asset valuation (allowance) benefit 1,405 2,030 13,115 (Increases) decreases in liability for unrecognized tax benefits (1,611 ) (1,605 ) 16,105 Nondeductible expenses and credits (2,164 ) — — Domestic production activities deduction 6,150 1,562 — Other, net (1,209 ) (637 ) 1,417 (Provision) benefit for income taxes $ (128,980 ) $ (134,099 ) $ (68,983 ) Effective tax rate 37.7 % 38.3 % 26.8 % As of December 31, 2015, our liability for unrecognized tax benefits was $10.6 million, of which $6.9 million, if recognized, would affect our effective tax rate. Our liabilities for unrecognized tax benefits are included in accrued liabilities on the accompanying consolidated balance sheets. We classify estimated interest expense and penalties related to unrecognized tax benefits in our provision for income taxes. As of December 31, 2015, accrued interest and penalties related to unrecognized tax benefits was $1.3 million, of which $1.0 million was assumed in connection with the Merger. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits, excluding accrued interest, is as follows: Year Ended December 31, 2015 2014 (Dollars in thousands) Balance, beginning of the year $ 2,536 $ 472 Assumed with Ryland merger 6,182 — Changes based on tax positions related to the current year 2,060 1,567 Changes for tax position in prior years — 497 Reductions due to lapse of statute of limitations (147 ) — Settlements — — Balance, end of the year $ 10,631 $ 2,536 We do not expect a significant change in the liability for unrecognized tax benefits during the next twelve months. In addition, as of December 31, 2015, we remained subject to examination by various tax jurisdictions for the tax years ended December 31, 2010 through 2015.

Note 14 - Stock Incentive and E

Note 14 - Stock Incentive and Employee Benefit Plans	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	14. Stock Incentive and Employee Benefit Plans a. Stock Incentive Plans The Company has share-based awards outstanding under three different plans, pursuant to which we have granted stock options, stock appreciation rights, restricted and unrestricted stock, and performance share awards to key officers, employees, and directors. The exercise price of our share-based awards may not be less than the market value of our common stock on the date of grant. Stock options and stock appreciation rights vest based on either time (generally over a one to four year period) or market performance (based on stock price appreciation) and generally expire between five and ten years after the date of grant. The fair value for stock options and stock appreciation rights is established at the date of grant using the Black-Scholes model for awards that vest based on time and a lattice model for awards that vest based on market performance. Restricted stock typically vests over a three year period and are valued at the closing price on the date of grant. During the years ended December 31, 2015, 2014 and 2013, we granted 2.2 million, 1.3 million and 1.3 million capped stock appreciation rights, respectively, to our officers and key employees. The 2015 and 2014 capped stock appreciation rights have a grant price equal to the Company’s common stock closing price on the issuance date, with the value per share of the award capped at $20.00 above the grant price, and the 2013 capped stock appreciation rights have a grant price equal to the Company’s common stock closing price on the issuance date, with the value per share of the award capped at the difference between $60.00 and the grant price. The following is a summary of stock option and stock appreciation rights activity relating to our three plans on a combined basis for the years ended December 31, 2015, 2014 and 2013: 2015 2014 2013 Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Outstanding, beginning of year 4,418,308 $ 29.19 3,956,373 $ 27.70 3,723,276 $ 21.05 Granted 2,167,150 34.32 1,303,054 39.50 1,252,320 42.00 Exercised (1,287,216 ) 14.17 (524,185 ) 18.20 (895,865 ) 17.75 Canceled (397,625 ) 48.61 (316,934 ) 71.20 (123,359 ) 43.95 Outstanding, end of year 4,900,617 $ 33.83 4,418,308 $ 29.19 3,956,373 $ 27.70 Exercisable at end of year 2,554,114 $ 28.90 1,952,477 $ 19.90 1,947,313 $ 21.40 Available for future grant 9,061,407 10,246,013 2,794,218 At December 31, 2015, 4,696,072 stock options and stock appreciation rights were vested or expected to vest in the future with a weighted average exercise price of $33.48 and a weighted average expected life of 2.7 years. During the years ended December 31, 2015, 2014 and 2013, the total fair value of stock options and stock appreciation rights vested was $5.0 million, $2.5 million and $3.0 million, respectively. The total intrinsic value of stock options and stock appreciation rights exercised during the years ended December 31, 2015, 2014 and 2013 was $37.5 million, $12.6 million and $23.0 million, respectively. The intrinsic value of options exercised is the difference between the fair market value of the Company’s common stock on the date of exercise and the exercise price. The following table summarizes information about stock options and stock appreciation rights outstanding and exercisable at December 31, 2015: Outstanding Exercisable Exercise Prices Number Weighted Average Exercise Weighted Average Remaining Contractual Number Weighted Average Exercise Low High of Price Life of Price $ 3.35 $ 21.45 1,680,292 $ 19.52 1.69 1,406,292 $ 19.52 $ 28.35 $ 41.16 1,212,111 $ 38.83 3.99 280,230 $ 38.83 $ 41.95 $ 46.45 2,008,214 $ 42.77 2.89 867,592 $ 42.77 As of December 31, 2015, the total intrinsic value of stock options and stock appreciation rights outstanding was $31.6 million, of which $26.8 million related to stock options and stock appreciation rights exercisable, and the total intrinsic value of stock options and stock appreciation rights vested and expected to vest in the future was $31.6 million. The intrinsic value of these stock options and stock appreciation rights outstanding, is the difference between the fair market value of the Company’s common stock on the last trading day of fiscal 2015 and the exercise price. The fair value of each stock option and stock appreciation right granted during each of the three years ended December 31, 2015, 2014 and 2013 was estimated using the following weighted average assumptions: 2015 2014 2013 Dividend yield 0.00 % 0.00 % 0.00 % Expected volatility 40.89 % 48.44 % 57.70 % Risk-free interest rate 0.93 % 0.95 % 0.36 % Expected life (years) 3.5 3.5 3.5 Based on the above assumptions, the weighted average per share fair value of stock options and stock appreciation rights granted during the years ended December 31, 2015, 2014 and 2013, was $5.30, $4.95 and $4.30, respectively. Restricted Stock Awards During the years ended December 31, 2015, 2014 and 2013, we issued shares of restricted common stock to our officers and key employees which vest in three equal installments on each of the first three anniversaries of the issuance date. Compensation expense for these awards is being recognized using the straight-line method over the vesting period. The following is a summary of unvested restricted stock activity for the years ended December 31, 2015, 2014 and 2013: 2015 2014 2013 Number of Shares Weighted Average Grant Date Number of Shares Weighted Average Grant Date Number of Shares Weighted Average Grant Date Outstanding, beginning of year 154,143 $ 37.55 107,706 $ 33.60 68,890 $ 21.55 Granted 133,616 41.89 94,590 39.20 63,529 41.95 Vested (82,293 ) 35.75 (42,310 ) 31.60 (22,964 ) 21.55 Canceled (10,439 ) 41.26 (5,843 ) 33.65 (1,748 ) 21.45 Outstanding, end of year 195,027 $ 41.08 154,143 $ 37.55 107,706 $ 33.60 Performance Share Awards During the years ended December 31, 2015, 2014 and 2013, we granted performance share awards to our officers and key employees for which the number of performance share awards ultimately issued will be based on the Company’s actual earnings per share. The 2015 awards ("2015 PSAs") include payouts at 1-3 times the target number of shares based on actual cumulative earnings per share for the years 2015-2017, subject to a minimum earnings per share threshold. The 2013 awards ("2013 PSAs") and the 2014 awards ("2014 PSAs") include payouts at 1-4 times the target number of shares based on actual earnings per share for the years ended December 31, 2015 (with respect to the 2013 PSAs) and 2016 (with respect to the 2014 PSAs), subject to a minimum earnings per share threshold. We evaluate the probability of achieving earnings per share targets established under each of the performance share awards quarterly and estimate the number of shares underlying the performance share awards that are probable of being issued. Compensation expense for these awards is being recognized using the straight-line method over the requisite service period, subject to cumulative catch-up adjustments required as a result of changes in the number shares probable of being issued. As of December 31, 2015, the unamortized compensation cost related to the 2015 PSAs, 2014 PSAs and 2013 PSAs considered probable of being issued was $0.9 million, $0.5 million and $0.1 million, expected to be recognized over a weighted average period of 2.2 years, 1.2 years and 0.2 years, respectively. Additionally, during the years ended December 31, 2015, we granted performance share awards to our officers and key employees for which the number of performance share awards ultimately issued will be based on the Company’s relative total shareholder return ("TSR") performance over a three-year period from 2015-2017 ("2015 TSR PSAs") and 2014-2016 ("2014 TSR PSAs"), in comparison to the TSR performance of a comparative peer group selected by our Compensation Committee. The 2015 TSR PSAs include payouts at 1-3 times the target number of shares based on actual TSR performance, and the 2014 TSR PSAs include payouts at 1-4 times the target number of shares based on actual TSR performance, both subject to minimum TSR thresholds. Compensation expense for these awards is being recognized using the straight-line method over the requisite service period. As of December 31, 2015, the unamortized compensation cost related to the 2015 TSR PSAs and 2014 TSR PSAs was $0.9 million and $0.5 million, expected to be recognized over a weighted average period of 2.2 years and 1.2 years, respectively. The following is a summary of performance share award activity for the years ended December 31, 2015, 2014 and 2013: 2015 2014 2013 Number of Shares Weighted Average Grant Date Number of Shares Weighted Average Grant Date Number of Shares Weighted Average Grant Date Outstanding, beginning of year 166,031 $ 36.20 120,448 $ 29.05 81,002 $ 21.45 Granted 348,756 30.46 45,583 55.05 44,691 41.95 Vested (316,028 ) 22.68 — — — — Canceled — — — (5,245 ) 21.45 Outstanding, end of year 198,759 $ 47.63 166,031 $ 36.20 120,448 $ 29.05 Other Stock-Based Awards. During the years ended December 31, 2015, 2014 and 2013, we issued 13,498 shares, 12,174 shares and 9,454 shares, respectively, of unrestricted common stock to our independent directors (excluding directors appointed by MatlinPatterson who did not receive any stock awards). Total compensation expense recognized related to stock-based compensation was as follows: Year Ended December 31, 2015 2014 2013 (Dollars in thousands) Stock options and stock appreciation rights $ 8,709 $ 3,618 $ 3,875 Unrestricted stock grants 555 480 400 Restricted stock grants 3,261 1,842 1,073 Performance share awards 3,099 2,529 3,667 Total $ 15,624 $ 8,469 $ 9,015 Total unrecognized compensation expense related to stock-based compensation was as follows: As of December 31, 2015 2014 2013 Unrecognized Expense Weighted Average Period (years) Unrecognized Expense Weighted Average Period (years) Unrecognized Expense Weighted Average Period (years) (Dollars in thousands) Unvested stock options and stock appreciation rights $ 7,216 2.1 $ 6,777 2.1 $ 5,260 1.9 Unvested restricted stock grants 5,850 2.1 4,090 2.1 2,473 2.0 Unvested performance share awards 5,117 2.0 3,267 1.7 7,320 1.8 Total unrecognized compensation expense $ 18,183 2.0 $ 14,134 2.0 $ 15,053 1.9 b. Employee Benefit Plan We have a defined contribution plan pursuant to Section 401(k) of the Internal Revenue Code. Each employee may elect to make before-tax contributions up to the current tax limits. The Company matches employee contributions up to $5,000 per employee per year. The Company provides this plan to help its employees save a portion of their cash compensation for retirement in a tax efficient environment. Our contributions to the plan for the years ended December 31, 2015, 2014 and 2013, were $4.7 million, $3.6 million and $2.8 million, respectively.

Note 15 - Stockholder Rights Pl

Note 15 - Stockholder Rights Plan	12 Months Ended
	Dec. 31, 2015
Common Stock Rights Plan [Abstract]
Common Stock Rights Plan [Text Block]	15. Stockholder Rights Plan On October 30, 2014, we entered into Amendment No. 1 to Amended and Restated Rights Agreement ("Amendment No. 1") with Computershare Inc. (as successor in interest to Mellon Investor Services LLC), as Rights Agent, which amended our Amended and Restated Rights Agreement, dated as of December 20, 2011, (the "Rights Agreement"). The Rights Agreement and the rights issued thereunder were scheduled to expire on December 31, 2015. Amendment No. 1 extended the expiration date of each right issued pursuant to the Rights Agreement to December 31, 2017, revised the definition of beneficial ownership to capture ownership through derivative contracts and contained certain other clarifying and technical amendments. The Rights Agreement amended and restated in its entirety the Company’s rights agreement, which had been effective since December 31, 2001 (as in effect prior to December 20, 2011, the "Original Rights Agreement"). Under the Original Rights Agreement, one preferred stock purchase right was granted for each share of outstanding common stock of CalAtlantic payable to holders of record on December 31, 2001, and all subsequently issued shares of our common stock. Each right entitles the holder, in certain situations where a person acquires beneficial ownership of 15% or more of our common stock, as described in the Rights Agreement, and upon paying the exercise price (currently $100.00), to purchase common stock or other securities having a market value equal to two times the exercise price. Also, after any such acquisition of 15% of our common stock, if we merge with another corporation, or if 50% or more of our assets are sold, the rights holders may be entitled, upon payment of the exercise price, to buy common shares of the acquiring party at a 50% discount from the then-current market value. In either situation, the rights are not exercisable by the acquiring party. Until the occurrence of certain events described in the Rights Agreement, the rights may be terminated at any time or redeemed at the rate of $0.005 per right and the Rights Agreement amended by CalAtlantic’s Board of Directors including, if it believes a proposed acquisition to be in the best interests of our stockholders. As provided in the Original Rights Agreement, under the Rights Agreement, MP CA Homes, LLC and its affiliates generally will not be deemed an acquiring party under the Rights Agreement. The rights will expire on December 31, 2017, unless earlier terminated, redeemed or exchanged. Initially the rights trade with our common stock and are not exercisable, however, if the rights are separated from the common shares, the rights expire three years from the date of such separation.

Note 16 - Results of Quarterly

Note 16 - Results of Quarterly Operations (Unaudited)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information [Text Block]	16. Results of Quarterly Operations (Unaudited) First Quarter Second Quarter Third Quarter Fourth Quarter Total (1) (Dollars in thousands, except per share amounts) 2015: Revenues $ 475,671 $ 707,044 $ 659,200 $ 1,698,198 $ 3,540,113 Homebuilding gross margin $ 114,105 $ 171,941 $ 159,756 $ 330,669 $ 776,471 Net income $ 31,605 $ 57,198 $ 47,177 $ 77,529 $ 213,509 Basic income per common share $ 0.45 $ 0.80 $ 0.65 $ 0.64 $ 2.51 Diluted income per common share $ 0.40 $ 0.70 $ 0.59 $ 0.56 $ 2.26 2014: Revenues $ 465,381 $ 598,850 $ 611,323 $ 760,944 $ 2,436,498 Homebuilding gross margin $ 118,950 $ 157,940 $ 159,060 $ 182,433 $ 618,383 Net income $ 38,159 $ 56,463 $ 56,599 $ 64,644 $ 215,865 Basic income per common share $ 0.50 $ 0.75 $ 0.77 $ 0.88 $ 2.94 Diluted income per common share $ 0.45 $ 0.70 $ 0.70 $ 0.80 $ 2.68 (1) Per share amounts do not add across due to rounding differences in quarterly amounts and due to the impact of differences between the quarterly and annual weighted average share calculations.

Note 17 - Supplemental Disclosu

Note 17 - Supplemental Disclosure to Consolidated Statements of Cash Flows	12 Months Ended
	Dec. 31, 2015
Supplemental Cash Flow Elements [Abstract]
Cash Flow, Supplemental Disclosures [Text Block]	1 7 Supplemental Disclosure to Consolidated Statements of Cash Flows The following are supplemental disclosures to the consolidated statements of cash flows: Year Ended December 31, 2015 2014 2013 (Dollars in thousands) Supplemental Disclosures of Cash Flow Information: Cash paid during the period for: Interest $ 180,536 $ 141,527 $ 128,061 Income taxes $ 81,949 $ 7,297 $ 3,792 Supplemental Disclosure of Noncash Activities: Increase in assets in connection with merger $ 2,798,739 $ — $ — Liabilities assumed in connection with business combinations $ 2,028,332 $ 3,659 $ 4,983 Changes in inventories not owned $ 34,589 $ 14,074 $ 1,171 Changes in liabilities from inventories not owned $ 17,099 $ 14,074 $ 1,171

Note 18 - Supplemental Guaranto

Note 18 - Supplemental Guarantor Information	12 Months Ended
	Dec. 31, 2015
Supplemental Guarantor Information [Abstract]
Supplemental Guarantor Information [Text Block]	1 8 . Supplemental Guarantor Information Certain of our 100% owned direct and indirect subsidiaries guarantee our outstanding senior notes payable (please see Note 8.b. "Senior Notes Payable"). Presented below are the consolidated financial statements for our guarantor subsidiaries and non-guarantor subsidiaries. CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Year Ended December 31, 2015 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 1,234,750 $ 1,500,676 $ 787,707 $ (26,722 ) $ 3,496,411 Cost of sales (989,834 ) (1,194,605 ) (562,223 ) 26,722 (2,719,940 ) Gross margin 244,916 306,071 225,484 — 776,471 Selling, general and administrative expenses (145,458 ) (185,779 ) (59,473 ) — (390,710 ) Income (loss) from unconsolidated joint ventures 540 269 1,157 — 1,966 Equity income of subsidiaries 201,261 — — (201,261 ) — Interest income (expense), net 12,388 (9,374 ) (3,014 ) — — Other income (expense) (57,629 ) (2,678 ) (1,870 ) — (62,177 ) Homebuilding pretax income 256,018 108,509 162,284 (201,261 ) 325,550 Financial Services: Financial services pretax income — — 16,939 — 16,939 Income before taxes 256,018 108,509 179,223 (201,261 ) 342,489 Provision for income taxes (42,509 ) (49,512 ) (36,959 ) — (128,980 ) Net income $ 213,509 $ 58,997 $ 142,264 $ (201,261 ) $ 213,509 Year Ended December 31, 2014 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 813,423 $ 1,025,404 $ 572,351 $ — $ 2,411,178 Cost of sales (599,911 ) (779,578 ) (413,306 ) — (1,792,795 ) Gross margin 213,512 245,826 159,045 — 618,383 Selling, general and administrative expenses (101,020 ) (131,068 ) (43,773 ) — (275,861 ) Income (loss) from unconsolidated joint ventures (71 ) 88 (685 ) — (668 ) Equity income of subsidiaries 155,943 — — (155,943 ) — Interest income (expense), net 13,718 (11,497 ) (2,221 ) — — Other income (expense) (3,954 ) (469 ) 2,690 — (1,733 ) Homebuilding pretax income 278,128 102,880 115,056 (155,943 ) 340,121 Financial Services: Financial services pretax income — — 9,843 — 9,843 Income before taxes 278,128 102,880 124,899 (155,943 ) 349,964 Provision for income taxes (62,263 ) (40,469 ) (31,367 ) — (134,099 ) Net income $ 215,865 $ 62,411 $ 93,532 $ (155,943 ) $ 215,865 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Year Ended December 31, 2013 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 819,044 $ 826,245 $ 269,320 $ — $ 1,914,609 Cost of sales (609,858 ) (632,733 ) (202,822 ) — (1,445,413 ) Gross margin 209,186 193,512 66,498 — 469,196 Selling, general and administrative expenses (94,819 ) (111,746 ) (24,126 ) — (230,691 ) Income (loss) from unconsolidated joint ventures 1,369 (137 ) (283 ) — 949 Equity income of subsidiaries 81,140 — — (81,140 ) — Interest income (expense), net 16,419 (11,651 ) (4,768 ) — — Other income (expense) 7,515 (321 ) (379 ) — 6,815 Homebuilding pretax income 220,810 69,657 36,942 (81,140 ) 246,269 Financial Services: Financial services pretax income — — 11,429 — 11,429 Income before income taxes 220,810 69,657 48,371 (81,140 ) 257,698 Provision for income taxes (32,095 ) (23,676 ) (13,212 ) — (68,983 ) Net income $ 188,715 $ 45,981 $ 35,159 $ (81,140 ) $ 188,715 CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2015 CalAtlantic Group, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) ASSETS Homebuilding: Cash and equivalents $ 6,387 $ 112,852 $ 31,837 $ — $ 151,076 Restricted cash — — 35,990 — 35,990 Intercompany receivables 2,380,899 — 152,505 2,533,404 — Inventories: Owned 2,524,927 2,304,305 1,240,727 — 6,069,959 Not owned 32,393 38,925 11,928 — 83,246 Investments in unconsolidated joint ventures 5,353 4,330 123,080 — 132,763 Investments in subsidiaries 1,644,453 — — (1,644,453 ) — Deferred income taxes, net 405,945 — — (9,751 ) 396,194 Goodwill 933,360 — — — 933,360 Other assets 67,578 48,027 3,163 — 118,768 Total Homebuilding Assets 8,001,295 2,508,439 1,599,230 (4,187,608 ) 7,921,356 Financial Services: Cash and equivalents — — 35,518 — 35,518 Restricted cash — — 22,914 — 22,914 Mortgage loans held for sale, net — — 325,770 — 325,770 Mortgage loans held for investment, net — — 22,704 — 22,704 Other assets — — 18,886 (1,643 ) 17,243 Total Financial Services Assets — — 425,792 (1,643 ) 424,149 Total Assets $ 8,001,295 $ 2,508,439 $ 2,025,022 $ (4,189,251 ) $ 8,345,505 LIABILITIES AND EQUITY Homebuilding: Accounts payable $ 91,873 $ 82,906 $ 16,902 $ — $ 191,681 Accrued liabilities and intercompany payables 415,803 1,538,096 903,761 (2,378,867 ) 478,793 Secured project debt and other notes payable 170,167 — 4,061 (148,545 ) 25,683 Senior notes payable 3,462,016 — — — 3,462,016 Total Homebuilding Liabilities 4,139,859 1,621,002 924,724 (2,527,412 ) 4,158,173 Financial Services: Accounts payable and other liabilities — — 39,860 (17,386 ) 22,474 Mortgage credit facilities — — 303,422 — 303,422 Total Financial Services Liabilities — — 343,282 (17,386 ) 325,896 Total Liabilities 4,139,859 1,621,002 1,268,006 (2,544,798 ) 4,484,069 Equity: Total Equity 3,861,436 887,437 757,016 (1,644,453 ) 3,861,436 Total Liabilities and Equity $ 8,001,295 $ 2,508,439 $ 2,025,022 $ (4,189,251 ) $ 8,345,505 CONDENSED CONSOLIDATING BALANCE SHEET 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 19,443 11,234 8,139 — 38,816 Total Homebuilding Assets 4,106,700 1,275,545 1,329,510 (2,787,419 ) 3,924,336 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 $ 4,106,700 $ 1,275,545 $ 1,558,550 $ (2,789,156 ) $ 4,151,639 LIABILITIES AND EQUITY Homebuilding: Accounts payable $ 13,856 $ 16,202 $ 15,027 $ — $ 45,085 Accrued liabilities and intercompany payables 206,731 868,922 783,324 (1,635,194 ) 223,783 Secured project debt and other notes payable 100,813 — 4,689 (100,813 ) 4,689 Senior notes payable 2,108,612 — — — 2,108,612 Total Homebuilding Liabilities 2,430,012 885,124 803,040 (1,736,007 ) 2,382,169 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 2,430,012 885,124 991,038 (1,831,223 ) 2,474,951 Equity: Total Equity 1,676,688 390,421 567,512 (957,933 ) 1,676,688 Total Liabilities and Equity $ 4,106,700 $ 1,275,545 $ 1,558,550 $ (2,789,156 ) $ 4,151,639 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Year Ended December 31, 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 $ (17,201 ) $ (107,470 ) $ (146,690 ) $ — $ (271,361 ) Cash Flows From Investing Activities: Investments in unconsolidated homebuilding joint ventures — — (91,453 ) — (91,453 ) Distributions of capital from unconsolidated homebuilding joint ventures 641 75 18,866 — 19,582 Cash acquired in connection with merger 20,345 238,034 10,138 — 268,517 Loan to parent and subsidiaries — — 34,000 (34,000 ) — Other investing activities 9 (4,310 ) (7,671 ) — (11,972 ) Net cash provided by (used in) investing activities 20,995 233,799 (36,120 ) (34,000 ) 184,674 Cash Flows From Financing Activities: Change in restricted cash — — 652 — 652 Borrowing from revolving credit facility 852,700 — — — 852,700 Principal payments on revolving credit facility (852,700 ) — — — (852,700 ) Principal payments on secured project debt and other notes payable (1,893 ) — (639 ) — (2,532 ) Loan from subsidiary 46,000 — — (46,000 ) — Principal payment on senior notes payable (29,789 ) — — — (29,789 ) Payment of debt issuance costs (1,016 ) — — — (1,016 ) Net proceeds from (payments on) mortgage credit facilities — — 30,469 80,000 110,469 (Contributions to) distributions from Corporate and subsidiaries 13,873 (31,719 ) 17,846 — — Repurchases of common stock (22,073 ) — — — (22,073 ) Common stock dividend payments (4,851 ) — — — (4,851 ) Issuance of common stock under employee stock plans, net of withholdings 1,000 — — — 1,000 Excess tax benefits from share-based payment arrangements 9,250 — — — 9,250 Other financing activities — (95 ) (127 ) — (222 ) Intercompany advances, net (141,212 ) 17,276 123,936 — — Net cash provided by (used in) financing activities (130,711 ) (14,538 ) 172,137 34,000 60,888 Net increase (decrease) in cash and equivalents (126,917 ) 111,791 (10,673 ) — (25,799 ) Cash and equivalents at beginning of year 133,304 1,061 78,028 — 212,393 Cash and equivalents at end of year $ 6,387 $ 112,852 $ 67,355 $ — $ 186,594 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Year Ended December 31, 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 $ (56,158 ) $ (118,941 ) $ (187,298 ) $ — $ (362,397 ) Cash Flows From Investing Activities: Investments in unconsolidated homebuilding joint ventures — — (10,506 ) — (10,506 ) Distributions of capital from unconsolidated homebuilding joint ventures 227 228 17,555 — 18,010 Net cash paid for acquisitions — (36,047 ) 2,277 — (33,770 ) Loan to parent and subsidiaries — — (180,000 ) 180,000 — Other investing activities (1,571 ) (1,351 ) (1,832 ) — (4,754 ) Net cash provided by (used in) investing activities (1,344 ) (37,170 ) (172,506 ) 180,000 (31,020 ) Cash Flows From Financing Activities: Change in restricted cash — — (16,762 ) — (16,762 ) Principal payments on secured project debt and other notes payable — — (1,458 ) — (1,458 ) Loan from subsidiary 100,000 — — (100,000 ) — Principal payment on senior notes payable (4,971 ) — — — (4,971 ) Proceeds from the issuance of senior notes payable 300,000 — — — 300,000 Payment of debt issuance costs (6,230 ) — — — (6,230 ) Net proceeds from (payments on) mortgage credit facilities — — 68,546 (80,000 ) (11,454 ) (Contributions to) distributions from Corporate and subsidiaries 8,350 — (8,350 ) — — Repurchases of common stock (36,781 ) — — — (36,781 ) Issuance of common stock under employee stock plans, net of withholdings 6,771 — — — 6,771 Excess tax benefits from share-based payment arrangements 13,404 — — — 13,404 Intercompany advances, net (365,026 ) 156,678 208,348 — — Net cash provided by (used in) financing activities 15,517 156,678 250,324 (180,000 ) 242,519 Net increase (decrease) in cash and equivalents (41,985 ) 567 (109,480 ) — (150,898 ) Cash and equivalents at beginning of year 175,289 494 187,508 — 363,291 Cash and equivalents at end of year $ 133,304 $ 1,061 $ 78,028 $ — $ 212,393 Year Ended December 31, 2013 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 $ 163,640 $ (172,687 ) $ (145,169 ) — $ (154,216 ) Cash Flows From Investing Activities: Investments in unconsolidated homebuilding joint ventures (534 ) (50 ) (23,744 ) — (24,328 ) Distributions of capital from unconsolidated homebuilding joint ventures — 244 4,519 — 4,763 Net cash paid for acquisitions — (27,113 ) (89,149 ) — (116,262 ) Other investing activities (1,946 ) (3,768 ) (2,316 ) — (8,030 ) Net cash provided by (used in) investing activities (2,480 ) (30,687 ) (110,690 ) — (143,857 ) Cash Flows From Financing Activities: Change in restricted cash — — 6,565 — 6,565 Principal payments on secured project debt and other notes payable (6,804 ) — (1,530 ) — (8,334 ) Proceeds from the issuance of senior notes payable 300,000 — — — 300,000 Payment of debt issuance costs (5,316 ) — — — (5,316 ) Net proceeds from (payments on) mortgage credit facilities — — 8,708 — 8,708 (Contributions to) distributions from Corporate and subsidiaries (11,691 ) — 11,691 — — Payment of issuance costs in connection with preferred shareholder equity transactions (350 ) — — — (350 ) Issuance of common stock under employee stock plans, net of withholdings 13,536 — — — 13,536 Intercompany advances, net (429,968 ) 203,754 226,214 — — Net cash provided by (used in) financing activities (140,593 ) 203,754 251,648 — 314,809 Net increase (decrease) in cash and equivalents 20,567 380 (4,211 ) — 16,736 Cash and equivalents at beginning of year 154,722 114 191,719 — 346,555 Cash and equivalents at end of year $ 175,289 $ 494 $ 187,508 — $ 363,291

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	a. Basis of Presentation The consolidated financial statements include the accounts of CalAtlantic Group, Inc. and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Certain reclassifications have been made to prior year amounts to conform to the current year presentation
Use of Estimates, Policy [Policy Text Block]	b. Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Segment Reporting, Policy [Policy Text Block]	c. Segment Reporting Accounting Standards Codification ("ASC") Topic 280, Segment Reporting During the 2015 third quarter, in connection with transition planning related to our merger with Ryland, the chief operating decision makers began evaluating the business and allocating resources based on aggregating our Arizona operating segment within our California reportable segment. Our Arizona operating segment was previously reported within our Southwest reportable segment, and as such, prior periods presented have been restated to conform to our new presentation.
Consolidation, Variable Interest Entity, Policy [Policy Text Block]	d. Variable Interest Entities We account for variable interest entities in accordance with ASC Topic 810, Consolidation
Equity Method Investments, Policy [Policy Text Block]	e. Limited Partnerships and Limited Liability Companies We analyze our homebuilding and land development joint ventures under the provisions of ASC 810 (as discussed above) when determining whether the entity should be consolidated. In accordance with the provisions of ASC 810, limited partnerships or similar entities, such as limited liability companies, must be further evaluated under the presumption that the general partner, or the managing member in the case of a limited liability company, is deemed to have a controlling interest and therefore must consolidate the entity unless the limited partners or non-managing members have: (1) the ability, either by a single limited partner or through a simple majority vote, to dissolve or liquidate the entity, or kick-out the managing member/general partner without cause, or (2) substantive participatory rights that are exercised in the ordinary course of business. Under the provisions of ASC 810, we may be required to consolidate certain investments in which we hold a general partner or managing member interest.
Revenue Recognition, Policy [Policy Text Block]	f. Revenue Recognition In accordance with ASC Topic 360-20, Property, Plant, and Equipment – Real Estate Sales In accordance with ASC Topic 825, Financial Instruments
Cost of Sales, Policy [Policy Text Block]	g. Cost of Sales Homebuilding cost of sales is recognized in the period when the related homebuilding revenues are recognized. Cost of sales is recorded based upon total estimated costs to be allocated to each home within a community. Certain direct construction costs are specifically identified and allocated to homes while other common costs, such as land, land improvements and carrying costs, are allocated to homes within a community based upon their anticipated relative sales or fair value. Any changes to the estimated costs are allocated to the remaining undelivered lots and homes within their respective community. The estimation of these costs requires a substantial degree of judgment by management.
Standard Product Warranty, Policy [Policy Text Block]	h. 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. During the years ended December 31, 2015, 2014 and 2013, we did not record any warranty adjustments. Our warranty accrual is included in accrued liabilities in the accompanying consolidated balance sheets. Changes in our warranty accrual are detailed in the table set forth below: Year Ended December 31, 2015 2014 2013 (Dollars in thousands) Warranty accrual, beginning of the year $ 13,584 $ 13,811 $ 15,514 Warranty assumed with merger 25,528 — — Warranty costs accrued during the year 13,803 7,550 2,495 Warranty costs paid during the year (12,224 ) (7,777 ) (4,198 ) Warranty accrual, end of the year $ 40,691 $ 13,584 $ 13,811
Earnings Per Share, Policy [Policy Text Block]	i. Earnings Per Common Share We compute earnings per share in accordance with ASC Topic 260, Earnings per Share 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 was convertible into shares of our common stock at the holder’s option, 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 had 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 income per share. Year Ended December 31, 2015 2014 2013 (Dollars in thousands, except per share amounts) Numerator: Net income $ 213,509 $ 215,865 $ 188,715 Less: Net income allocated to preferred shareholder (32,997 ) (51,650 ) (57,386 ) Less: Net income allocated to unvested restricted stock (369 ) (297 ) (265 ) Net income available to common stockholders for basic earnings per common share 180,143 163,918 131,064 Effect of dilutive securities: Net income allocated to preferred shareholder 32,997 51,650 57,386 Interest on 1.625% convertible senior notes due 2018 47 n/a n/a Interest on 0.25% convertible senior notes due 2019 9 n/a n/a Interest on 1.25% convertible senior notes due 2032 898 899 899 Net income available to common and preferred stock for diluted earnings per share $ 214,094 $ 216,467 $ 189,349 Denominator: Weighted average basic common shares outstanding 71,713,747 55,737,548 50,623,649 Weighted average additional common shares outstanding if preferred shares converted to common shares (if dilutive) 13,135,814 17,562,557 22,165,311 Total weighted average common shares outstanding if preferred shares converted to common shares 84,849,561 73,300,105 72,788,961 Effect of dilutive securities: Share-based awards 816,459 1,256,964 1,348,571 1.625% convertible senior notes due 2018 1,804,192 n/a n/a 0.25% convertible senior notes due 2019 915,985 n/a n/a 1.25% convertible senior notes due 2032 6,262,570 6,262,570 6,262,570 Weighted average diluted shares outstanding 94,648,767 80,819,639 80,400,102 Income per share: Basic $ 2.51 $ 2.94 $ 2.59 Diluted $ 2.26 $ 2.68 $ 2.36
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	j. Stock-Based Compensation We account for share-based awards in accordance with ASC Topic 718, Compensation – Stock Compensation
Comprehensive Income, Policy [Policy Text Block]	k . Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income (loss) consists of unrealized gains or losses on available-for-sale marketable securities, as reported within the accompanying consolidated statements of stockholders' equity and consolidated statements of comprehensive income. At December 31, 2015, accumulated other comprehensive income included unrealized gains of $169,000 on available-for-sale marketable securities, offset with reclassification adjustments, which represent realized gains or losses on the sales of available-for-sale marketable securities, in the amount of $164,000. Realized gains or losses were included in homebuilding other income (expense) in the accompanying consolidated statements of operations. Please see Note 2.u. for discussion of other comprehensive income (loss) related to derivative instruments and hedging activities.
Cash and Cash Equivalents, Policy [Policy Text Block]	l . 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 December 31, 2015, cash and equivalents included $54.2 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 December 31, 2015, homebuilding restricted cash represented $36.0 million of cash held in cash collateral accounts primarily related to certain letters of credit that have been issued. Financial services restricted cash as of December 31, 2015 consisted of $17.7 million held in cash collateral accounts primarily related to certain letters of credit that have been issued, $4.0 million related to our financial services subsidiary mortgage credit facilities and $1.2 million related to funds held in trust for third parties.
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block]	m . Mortgage Loans Held for Sale In accordance with ASC 825, mortgage loans held for sale are recorded at fair value and loan origination and related costs are recognized upon loan closing. In addition, we recognize net interest income on loans held for sale from the date of origination through the date of disposition. We sell substantially all of the loans we originate in the secondary mortgage market, with servicing rights released on a non-recourse basis. These sales are generally subject to our obligation to repay the gain on sale if the loan is prepaid by the borrower within a certain time period following such sale, or to repurchase loans or indemnify investors for losses from borrower defaults if, among other things, the loan purchaser’s underwriting guidelines are not met or there is fraud in connection with the loan. We establish liabilities for such anticipated losses based upon, among other things, an analysis of indemnification and repurchase requests received, an estimate of potential indemnification or repurchase claims not yet received, our historical amount of indemnification payments and repurchases, and losses incurred through the disposition of affected loans. During the years ended December 31, 2015, 2014 and 2013, we recorded loan loss expense related to indemnification and repurchase allowances of $0.3 million, $0.5 million and $0, respectively. As of December 31, 2015 and 2014, we had indemnity and repurchase allowances related to loans sold of $3.9 million and $2.2 million, respectively, including reserves of $1.5 million assumed in the Ryland merger.
Finance, Loan and Lease Receivables, Held-for-investment, Policy [Policy Text Block]	n . Mortgage Loans Held for Investment Certain mortgage loans are classified as held for investment based on our intent and ability to hold the loans for the foreseeable future or to maturity. Mortgage loans held for investment are recorded at their unpaid principal balance, net of discounts and premiums, unamortized net deferred loan origination costs and fees and allowance for loan losses. Discounts, premiums, and net deferred loan origination costs and fees are amortized into income over the contractual life of the loan. Mortgage loans held for investment are continually evaluated for collectability and, if appropriate, specific allowances are established based on estimates of collateral value. Loans are placed on non-accrual status for first trust deeds when the loan is 90 days past due and for second trust deeds when the loan is 30 days past due, and previously accrued interest is reversed from income if deemed uncollectible. As of December 31, 2015 and 2014, we had allowances for loan losses for loans held for investment of $1.6 million and $1.5 million, respectively.
Inventory, Policy [Policy Text Block]	o . Inventories Inventories consist of land, land under development, homes under construction, completed homes and model homes and are stated at cost, net of any impairment charges. We capitalize direct carrying costs, including interest, property taxes and related development costs to inventories. Field construction supervision and related direct overhead are also included in the capitalized cost of inventories. Direct construction costs are specifically identified and allocated to homes while other common costs, such as land, land improvements and carrying costs, are allocated to homes within a community based upon their anticipated relative sales or fair value. We assess the recoverability of real estate inventories in accordance with the provisions of ASC Topic 360, Property, Plant, and Equipment
Interest Capitalization, Policy [Policy Text Block]	p . Capitalization of Interest We follow the practice of capitalizing interest to inventories owned during the period of development and to investments in unconsolidated homebuilding and land development joint ventures in accordance with ASC Topic 835, Interest ("ASC 835"). Homebuilding interest capitalized as a cost of inventories owned is included in cost of sales as related units or lots are sold. Interest capitalized to investments in unconsolidated homebuilding and land development joint ventures is included as a reduction of income from unconsolidated joint ventures when the related homes or lots are sold to third parties. Interest capitalized to investments in unconsolidated land development joint ventures is transferred to inventories owned if the underlying lots are purchased by us. To the extent our homebuilding debt exceeds our qualified assets as defined in ASC 835, we expense a portion of the interest incurred by us. Qualified assets represent projects that are actively selling or under development as well as investments in unconsolidated joint ventures. During the years ended December 31, 2015, 2014 and 2013, our qualified assets exceeded our debt, and as a result, all of our homebuilding interest incurred during 2015, 2014 and 2013 was capitalized in accordance with ASC 835. The following is a summary of homebuilding interest capitalized to inventories owned and investments in unconsolidated joint ventures, amortized to cost of sales and income (loss) from unconsolidated joint ventures and expensed as interest expense, for the years ended December 31, 2015, 2014 and 2013: Year Ended December 31, 2015 2014 2013 (Dollars in thousands) Total interest incurred (1) $ 171,509 $ 153,695 $ 140,865 Less: Interest capitalized to inventories owned (169,233 ) (151,962 ) (137,990 ) Less: Interest capitalized to investments in unconsolidated joint ventures (2,276 ) (1,733 ) (2,875 ) Interest expense $ — $ — $ — Interest previously capitalized to inventories owned, included in home cost of home sales $ 131,611 $ 119,422 $ 120,714 Interest previously capitalized to inventories owned, included in land cost of land sales $ 7,770 $ 3,690 $ 1,064 Interest previously capitalized to investments in unconsolidated joint ventures, included in income (loss) from unconsolidated joint ventures $ — $ 30 $ 441 Interest capitalized in ending inventories owned (2) $ 305,459 $ 275,607 $ 240,734 Interest capitalized as a percentage of inventories owned 5.0 % 8.5 % 9.5 % Interest capitalized in ending investments in unconsolidated joint ventures (2) $ 2,941 $ 665 $ 4,985 Interest capitalized as a percentage of investments in unconsolidated joint ventures 2.2 % 1.3 % 7.5 % (1) For the year ended December 31, 2013, interest incurred included the noncash amortization of $3.6 million of interest related to the Term Loan B swap that was unwound in the 2010 fourth quarter (please see Note 2.u. "Derivative Instruments and Hedging Activities"). (2) During the years ended December 31, 2015, 2014 and 2013, in connection with lot purchases from our joint ventures, $0, $6.0 million and $4.4 million, respectively, of capitalized interest was transferred from investments in unconsolidated joint ventures to inventories owned. In addition, during the year ended December 31, 2013, approximately $0.8 million of capitalized interest was included in other income (expense) in connection with the abandonment of a project.
Interest in Unincorporated Joint Ventures or Partnerships, Policy [Policy Text Block]	q . Investments in Unconsolidated Land Development and Homebuilding Joint Ventures Investments in our unconsolidated land development and homebuilding joint ventures are accounted for under the equity method of accounting. Under the equity method, we recognize our proportionate share of earnings and losses generated by the joint venture upon the delivery of lots or homes to third parties. All joint venture profits generated from land sales to us are deferred and recorded as a reduction to our cost basis in the lots purchased until the homes to be constructed are ultimately sold by us to third parties. Our ownership interests in our unconsolidated joint ventures vary, but are generally less than or equal to 50 percent. We review inventory projects within our unconsolidated joint ventures for impairments consistent with our real estate inventories described in Note 2.o. We also review our investments in unconsolidated joint ventures for evidence of an other than temporary decline in value. To the extent we deem any portion of our investment in unconsolidated joint ventures as not recoverable, we impair our investment accordingly.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	r . Goodwill In accordance with ASC Topic 350, Intangibles, Goodwill and Other
Income Tax, Policy [Policy Text Block]	s . Income Taxes We account for income taxes in accordance with ASC Topic 740, Income Taxes We evaluate our deferred tax assets on a quarterly basis to determine whether a valuation allowance is required. In accordance with ASC 740, we assess whether a valuation allowance should be established based on our determination of whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets depends primarily on: (i) our ability to carry back net operating losses to tax years where we have previously paid income taxes based on applicable federal law; and (ii) our ability to generate future taxable income during the periods in which the related temporary differences become deductible. The assessment of a valuation allowance includes giving appropriate consideration to all positive and negative evidence related to the realization of the deferred tax asset. This assessment considers, among other things, the nature, frequency and severity of current and cumulative losses, forecasts of future profitability, the duration of statutory carryforward periods, our experience with operating loss and tax credit carryforwards not expiring unused, and tax planning alternatives. Significant judgment is required in determining the future tax consequences of events that have been recognized in our consolidated financial statements and/or tax returns. Actual outcomes of these future tax consequences could differ materially from the outcomes we currently anticipate. ASC 740 defines the methodology for recognizing the benefits of uncertain tax return positions as well as guidance regarding the measurement of the resulting tax benefits. These provisions require an enterprise to recognize the financial statement effects of a tax position when it is more likely than not (defined as a likelihood of more than 50%), based on the technical merits, that the position will be sustained upon examination. In addition, these provisions provide guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The evaluation of whether a tax position meets the more-likely-than-not recognition threshold requires a substantial degree of judgment by management based on the individual facts and circumstances. Actual results could differ from estimates.
Commitments and Contingencies, Policy [Policy Text Block]	t . 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 December 31, 2015 and 2014 were $125.3 million (including $55.5 million attributable to estimated costs for Ryland claims assumed by us in connection with the merger) and $62.8 million, respectively, which are included in accrued liabilities in the accompanying 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.
Derivatives, Policy [Policy Text Block]	u . Derivative Instruments and Hedging Activities We account for derivatives and certain hedging activities in accordance with ASC Topic 815, Derivatives and Hedging Our policy is to designate at a derivative’s inception the specific assets, liabilities or future commitments being hedged and monitor the derivative to determine if the derivative remains an effective hedge. The effectiveness of a derivative as a hedge is based on a high correlation between changes in the derivative’s value and changes in the value of the underlying hedged item. We recognize gains or losses for amounts received or paid when the underlying transaction settles. We do not enter into or hold derivatives for trading or speculative purposes. For the year ended December 31, 2013, we recorded after-tax other comprehensive income of $2.2 million, related to interest rate swap agreements that we terminated in December 2010. These swap agreements qualified for hedge accounting treatment prior to their termination and the related gain or loss was deferred, net of tax, in stockholders’ equity as accumulated other comprehensive income (loss). The cost associated with the early unwind of the interest rate swap agreements was amortized as a component of our interest incurred through May 2013, at which time the total cost was completely amortized.
Guarantees, Indemnifications and Warranties Policies [Policy Text Block]	v . Accounting for Guarantees We account for guarantees in accordance with the provisions of ASC Topic 470, Debt
New Accounting Pronouncements, Policy [Policy Text Block]	w . Recent Accounting Pronouncements In January 2014, the Financial Accounting Standards Board ("FASB") issued 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 We early adopted ASU 2015-03 and as a result, we reclassified debt issuance costs associated with our senior notes payable or other project debt as an offset to the carrying amount of our debt. The costs associated with our credit facilities remain classified in homebuilding other assets in the accompanying consolidated balance sheets. ASU 2015-03 was retrospectively applied to all periods presented resulting in a reclassification as of December 31, 2015 and 2014 of debt issuance costs totaling $16.9 million and $22.8 million, respectively, to the carrying amount of our debt. 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 In November 2015, the FASB issued ASU No. 2015-17, Income Taxes: Balance Sheet Classification of Deferred Taxes Our adoption of ASU 2015-03 on December 31, 2015 did not have an effect on our consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities Fair Value Measurements is effective for interim and annual periods beginning after December 15, 2017. Our adoption of ASU 2016-01 is not expected to have a material effect on our consolidated financial statements.

Note 1 - Company Organization28

Note 1 - Company Organization and Operations (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure Text Block [Abstract]
Schedule of Percentages of Home Delivered By Region [Table Text Block]	Year Ended December 31, State 2015 2014 2013 (Unaudited) North 11 % n/a % n/a % Southeast 34 38 38 Southwest 26 21 18 West 29 41 44 Total 100 % 100 % 100 %

Note 2 - Summary of Significa29

Note 2 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Schedule of Product Warranty Liability [Table Text Block]	Year Ended December 31, 2015 2014 2013 (Dollars in thousands) Warranty accrual, beginning of the year $ 13,584 $ 13,811 $ 15,514 Warranty assumed with merger 25,528 — — Warranty costs accrued during the year 13,803 7,550 2,495 Warranty costs paid during the year (12,224 ) (7,777 ) (4,198 ) Warranty accrual, end of the year $ 40,691 $ 13,584 $ 13,811
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Year Ended December 31, 2015 2014 2013 (Dollars in thousands, except per share amounts) Numerator: Net income $ 213,509 $ 215,865 $ 188,715 Less: Net income allocated to preferred shareholder (32,997 ) (51,650 ) (57,386 ) Less: Net income allocated to unvested restricted stock (369 ) (297 ) (265 ) Net income available to common stockholders for basic earnings per common share 180,143 163,918 131,064 Effect of dilutive securities: Net income allocated to preferred shareholder 32,997 51,650 57,386 Interest on 1.625% convertible senior notes due 2018 47 n/a n/a Interest on 0.25% convertible senior notes due 2019 9 n/a n/a Interest on 1.25% convertible senior notes due 2032 898 899 899 Net income available to common and preferred stock for diluted earnings per share $ 214,094 $ 216,467 $ 189,349 Denominator: Weighted average basic common shares outstanding 71,713,747 55,737,548 50,623,649 Weighted average additional common shares outstanding if preferred shares converted to common shares (if dilutive) 13,135,814 17,562,557 22,165,311 Total weighted average common shares outstanding if preferred shares converted to common shares 84,849,561 73,300,105 72,788,961 Effect of dilutive securities: Share-based awards 816,459 1,256,964 1,348,571 1.625% convertible senior notes due 2018 1,804,192 n/a n/a 0.25% convertible senior notes due 2019 915,985 n/a n/a 1.25% convertible senior notes due 2032 6,262,570 6,262,570 6,262,570 Weighted average diluted shares outstanding 94,648,767 80,819,639 80,400,102 Income per share: Basic $ 2.51 $ 2.94 $ 2.59 Diluted $ 2.26 $ 2.68 $ 2.36
Schedule of Homebuilding Interest Capitalized [Table Text Block]	Year Ended December 31, 2015 2014 2013 (Dollars in thousands) Total interest incurred (1) $ 171,509 $ 153,695 $ 140,865 Less: Interest capitalized to inventories owned (169,233 ) (151,962 ) (137,990 ) Less: Interest capitalized to investments in unconsolidated joint ventures (2,276 ) (1,733 ) (2,875 ) Interest expense $ — $ — $ — Interest previously capitalized to inventories owned, included in home cost of home sales $ 131,611 $ 119,422 $ 120,714 Interest previously capitalized to inventories owned, included in land cost of land sales $ 7,770 $ 3,690 $ 1,064 Interest previously capitalized to investments in unconsolidated joint ventures, included in income (loss) from unconsolidated joint ventures $ — $ 30 $ 441 Interest capitalized in ending inventories owned (2) $ 305,459 $ 275,607 $ 240,734 Interest capitalized as a percentage of inventories owned 5.0 % 8.5 % 9.5 % Interest capitalized in ending investments in unconsolidated joint ventures (2) $ 2,941 $ 665 $ 4,985 Interest capitalized as a percentage of investments in unconsolidated joint ventures 2.2 % 1.3 % 7.5 %

Note 3 - Business Acquisitions

Note 3 - Business Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Effect of Merger on Common Stock Outstanding [Table Text Block]	As of October 1, 2015 Split/Exchange Ratio As Adjusted 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 — (1,041 ) Total 412,124,419 120,996,334
Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable [Table Text Block]	Number of shares of CalAtlantic common stock issued to Ryland shareholders 47,989,812 Opening price per share of CalAtlantic common stock $ 40.46 Consideration attributable to common stock 1,941,668 Consideration attributable to CalAtlantic equity awards in exchange for Ryland equity awards 30,616 Total purchase price $ 1,972,284
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Cash and cash equivalents $ 268,517 Inventories 2,404,765 Investments in unconsolidated joint ventures 13,821 Deferred income taxes 158,407 Homebuilding other assets 76,857 Financial services assets, excluding cash 144,889 Goodwill 933,360 Total assets 4,000,616 Accounts payable and accrued liabilities (496,125 ) Secured project debt and other notes payables (22,213 ) Senior notes payable (1,385,375 ) Financial services liabilities (124,619 ) Total purchase price $ 1,972,284
Business Acquisition, Pro Forma Information [Table Text Block]	Year Ended December 31, 2015 2014 (Dollars in thousands, except per share amounts) Home sale revenues $ 5,280,297 $ 4,922,721 Net income $ 321,239 $ 387,123 Income per share: Basic $ 2.65 $ 3.19 Diluted $ 2.32 $ 2.80
Business Acquisition, Integration, Restructuring and Other Related Costs [Table Text Block]	Year Ended December 31, 2015 (Dollars in thousands) Severance and personnel costs $ 38,970 Professional service, real estate related, and other expenses 13,066 Total $ 52,036

Note 4 - Segment Reporting (Tab

Note 4 - Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Year Ended December 31, 2015 2014 2013 (Dollars in thousands) Homebuilding revenues: North $ 262,988 $ n/a $ n/a Southeast 988,773 672,776 496,070 Southwest 889,496 495,008 339,852 West 1,355,154 1,243,394 1,078,687 Total homebuilding revenues $ 3,496,411 $ 2,411,178 $ 1,914,609 Homebuilding pretax income: North $ 5,556 $ n/a $ n/a Southeast 69,726 66,232 38,672 Southwest 70,851 48,958 33,119 West 179,417 224,931 174,478 Total homebuilding pretax income $ 325,550 $ 340,121 $ 246,269
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	December 31, 2015 2014 (Dollars in thousands) Homebuilding assets: North $ 732,689 n/a Southeast 1,766,241 1,060,343 Southwest 1,470,654 624,765 West 2,357,597 1,744,308 Corporate (1) 1,594,175 494,920 Total homebuilding assets $ 7,921,356 $ 3,924,336

Note 5 - Marketable Securitie32

Note 5 - Marketable Securities, Available-for-sale (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure Text Block Supplement [Abstract]
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	December 31, 2015 Amortized Cost Gross Unrealized Gains Estimated Fair Value (Dollars in thousands) Type of security: Municipal bond and metropolitan district securities $ 19,439 $ 5 $ 19,444
Available-for-sale Securities [Table Text Block]	December 31, 2015 (Dollars in thousands) Contractual maturity: Maturing in one year or less $ - Maturing after three years 19,444 Total marketable securities, available-for-sale $ 19,444

Note 6 - Inventories (Tables)

Note 6 - Inventories (Tables)	12 Months Ended
	Dec. 31, 2015
Inventory Disclosure [Abstract]
Inventories Owned [Table Text Block]	December 31, 2015 North Southeast Southwest West Total (Dollars in thousands) Land and land under development $ 370,584 $ 1,169,350 $ 687,792 $ 1,318,563 $ 3,546,289 Homes completed and under construction 266,967 464,668 599,183 708,779 $ 2,039,597 Model homes 66,100 119,283 113,549 185,141 $ 484,073 Total inventories owned $ 703,651 $ 1,753,301 $ 1,400,524 $ 2,212,483 $ 6,069,959 December 31, 2014 North Southeast Southwest West Total (Dollars in thousands) Land and land under development n/a $ 722,166 $ 339,625 $ 1,186,498 $ 2,248,289 Homes completed and under construction n/a 258,132 223,032 346,448 $ 827,612 Model homes n/a 53,103 36,199 90,001 $ 179,303 Total inventories owned n/a $ 1,033,401 $ 598,856 $ 1,622,947 $ 3,255,204
Inventory Real Estate Not Owned [Table Text Block]	December 31, 2015 2014 (Dollars in thousands) Land purchase and lot option deposits $ 82,693 $ 47,472 Other lot option contracts, net of deposits 553 37,681 Total inventories not owned $ 83,246 $ 85,153

Note 7 - Investments in Uncon34

Note 7 - Investments in Unconsolidated Land Development and Homebuilding Joint Ventures (Tables)	12 Months Ended
	Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
Combined Statements of Operations for Unconsolidated Land Development and Homebuilding Joint Ventures [Table Text Block]	Year December 31, 2015 2014 2013 (Dollars in thousands) (Unaudited) Revenues $ 43,806 $ 39,898 $ 32,546 Cost of sales and expenses (33,587 ) (47,519 ) (30,465 ) Income (loss) of unconsolidated joint ventures $ 10,219 $ (7,621 ) $ 2,081 Income (loss) from unconsolidated joint ventures reflected in the accompanying consolidated statements of operations $ 1,966 $ (668 ) $ 949
Combined Balance Sheets for Unconsolidated Land Development and Homebuilding Joint Ventures [Table Text Block]	December 31, 2015 2014 (Dollars in thousands) (Unaudited) Assets: Cash $ 34,893 $ 29,472 Inventories 510,502 197,727 Other assets 14,540 10,372 Total assets $ 559,935 $ 237,571 Liabilities and Equity: Accounts payable and accrued liabilities $ 26,571 $ 16,173 Bank debt 33,704 30,000 CalAtlantic equity 130,750 54,347 Other Members' equity 368,910 137,051 Total liabilities and equity $ 559,935 $ 237,571 Investments in unconsolidated joint ventures reflected in the accompanying consolidated balance sheets $ 132,763 $ 50,111

Note 8 - Homebuilding Indebte35

Note 8 - Homebuilding Indebtedness (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure Text Block [Abstract]
Schedule of Debt [Table Text Block]	December 31, 2015 2014 (Dollars in thousands) 7% Senior Notes due August 2015 $ — $ 29,771 10.75% Senior Notes due September 2016 275,845 270,474 8.4% Senior Notes due May 2017 248,975 — 8.375% Senior Notes due May 2018 574,058 573,596 1.625% Convertible Senior Notes due May 2018 301,754 — 0.25% Convertible Senior Notes due June 2019 248,098 — 6.625% Senior Notes due May 2020 325,882 — 8.375% Senior Notes due January 2021 394,152 393,093 6.25% Senior Notes due December 2021 297,148 296,673 5.375% Senior Notes due October 2022 249,096 — 5.875% Senior Notes due November 2024 296,598 296,230 1.25% Convertible Senior Notes due August 2032 250,410 248,775 $ 3,462,016 $ 2,108,612
Schedule of Maturities of Long-term Debt [Table Text Block]	Year Ended December 31, (Dollars in thousands) 2016 $ 302,856 2017 231,171 2018 801,136 2019 268,020 2020 300,000 Thereafter 1,503,000 Total principal amount 3,406,183 Less: Net (discount) premium 98,399 Less: Debt issuance costs (16,883 ) Total homebuilding debt $ 3,487,699

Note 11 - Disclosures about F36

Note 11 - Disclosures about Fair Value (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Fair Value at December 31, Description Fair Value Hierarchy 2015 2014 (Dollars in thousands) Marketable securities, available-for-sale Municipal debt securities Level 2 $ 9,734 $ — Metropolitan district bond securities Level 3 $ 9,710 $ — Mortgage loans held for sale Level 2 $ 328,835 $ 176,511
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	December 31, 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 $ 22,704 $ 22,704 $ 14,380 $ 14,380 Homebuilding liabilities: Senior and convertible senior notes payable, net Level 2 $ 3,462,016 $ 3,675,276 $ 2,108,612 $ 2,337,839

Note 12 - Commitments and Con37

Note 12 - Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Year Ended December 31, (Dollars in thousands) 2016 $ 8,926 2017 8,006 2018 5,887 2019 4,013 2020 2,047 Thereafter 585 Total rental obligations $ 29,464

Note 13 - Income Taxes (Tables)

Note 13 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Year Ended December 31, 2015 2014 2013 (Dollars in thousands) Current (provision) benefit for income taxes: Federal $ (83,541 ) $ (28,942 ) $ 11,766 State (6,803 ) (6,159 ) (1,880 ) (90,344 ) (35,101 ) 9,886 Deferred (provision) benefit for income taxes: Federal (24,395 ) (84,704 ) (56,752 ) State (14,241 ) (14,294 ) (22,117 ) (38,636 ) (98,998 ) (78,869 ) (Provision) benefit for income taxes $ (128,980 ) $ (134,099 ) $ (68,983 )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, 2015 2014 (Dollars in thousands) Inventory valuation adjustments $ 98,141 $ 84,443 Financial accruals 129,120 39,653 Federal net operating loss carryforwards 97,507 102,971 State net operating loss carryforwards 60,739 40,731 Tax credit carryforwards 1,246 4,428 Goodwill impairment charges 4,287 7,150 Other, net 6,310 (413 ) Total deferred tax asset 397,350 278,963 Less: Valuation allowance (1,156 ) (2,561 ) Net deferred tax asset $ 396,194 $ 276,402
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year Ended December 31, 2015 2014 2013 (Dollars in thousands) Income before taxes $ 342,489 $ 349,964 $ 257,698 (Provision) benefit for income taxes at federal statutory rate $ (119,871 ) $ (122,488 ) $ (90,194 ) (Increases) decreases in tax resulting from: State income taxes, net of federal benefit (11,680 ) (12,961 ) (9,426 ) Net deferred tax asset valuation (allowance) benefit 1,405 2,030 13,115 (Increases) decreases in liability for unrecognized tax benefits (1,611 ) (1,605 ) 16,105 Nondeductible expenses and credits (2,164 ) — — Domestic production activities deduction 6,150 1,562 — Other, net (1,209 ) (637 ) 1,417 (Provision) benefit for income taxes $ (128,980 ) $ (134,099 ) $ (68,983 ) Effective tax rate 37.7 % 38.3 % 26.8 %
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	Year Ended December 31, 2015 2014 (Dollars in thousands) Balance, beginning of the year $ 2,536 $ 472 Assumed with Ryland merger 6,182 — Changes based on tax positions related to the current year 2,060 1,567 Changes for tax position in prior years — 497 Reductions due to lapse of statute of limitations (147 ) — Settlements — — Balance, end of the year $ 10,631 $ 2,536

Note 14 - Stock Incentive and39

Note 14 - Stock Incentive and Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity [Table Text Block]	2015 2014 2013 Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Outstanding, beginning of year 4,418,308 $ 29.19 3,956,373 $ 27.70 3,723,276 $ 21.05 Granted 2,167,150 34.32 1,303,054 39.50 1,252,320 42.00 Exercised (1,287,216 ) 14.17 (524,185 ) 18.20 (895,865 ) 17.75 Canceled (397,625 ) 48.61 (316,934 ) 71.20 (123,359 ) 43.95 Outstanding, end of year 4,900,617 $ 33.83 4,418,308 $ 29.19 3,956,373 $ 27.70 Exercisable at end of year 2,554,114 $ 28.90 1,952,477 $ 19.90 1,947,313 $ 21.40 Available for future grant 9,061,407 10,246,013 2,794,218
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	Outstanding Exercisable Exercise Prices Number Weighted Average Exercise Weighted Average Remaining Contractual Number Weighted Average Exercise Low High of Price Life of Price $ 3.35 $ 21.45 1,680,292 $ 19.52 1.69 1,406,292 $ 19.52 $ 28.35 $ 41.16 1,212,111 $ 38.83 3.99 280,230 $ 38.83 $ 41.95 $ 46.45 2,008,214 $ 42.77 2.89 867,592 $ 42.77
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	2015 2014 2013 Dividend yield 0.00 % 0.00 % 0.00 % Expected volatility 40.89 % 48.44 % 57.70 % Risk-free interest rate 0.93 % 0.95 % 0.36 % Expected life (years) 3.5 3.5 3.5
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	2015 2014 2013 Number of Shares Weighted Average Grant Date Number of Shares Weighted Average Grant Date Number of Shares Weighted Average Grant Date Outstanding, beginning of year 154,143 $ 37.55 107,706 $ 33.60 68,890 $ 21.55 Granted 133,616 41.89 94,590 39.20 63,529 41.95 Vested (82,293 ) 35.75 (42,310 ) 31.60 (22,964 ) 21.55 Canceled (10,439 ) 41.26 (5,843 ) 33.65 (1,748 ) 21.45 Outstanding, end of year 195,027 $ 41.08 154,143 $ 37.55 107,706 $ 33.60
Schedule of Nonvested Performance-based Units Activity [Table Text Block]	2015 2014 2013 Number of Shares Weighted Average Grant Date Number of Shares Weighted Average Grant Date Number of Shares Weighted Average Grant Date Outstanding, beginning of year 166,031 $ 36.20 120,448 $ 29.05 81,002 $ 21.45 Granted 348,756 30.46 45,583 55.05 44,691 41.95 Vested (316,028 ) 22.68 — — — — Canceled — — — (5,245 ) 21.45 Outstanding, end of year 198,759 $ 47.63 166,031 $ 36.20 120,448 $ 29.05
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	Year Ended December 31, 2015 2014 2013 (Dollars in thousands) Stock options and stock appreciation rights $ 8,709 $ 3,618 $ 3,875 Unrestricted stock grants 555 480 400 Restricted stock grants 3,261 1,842 1,073 Performance share awards 3,099 2,529 3,667 Total $ 15,624 $ 8,469 $ 9,015
Schedule of Unrecognized Compensation Cost, Nonvested Awards [Table Text Block]	As of December 31, 2015 2014 2013 Unrecognized Expense Weighted Average Period (years) Unrecognized Expense Weighted Average Period (years) Unrecognized Expense Weighted Average Period (years) (Dollars in thousands) Unvested stock options and stock appreciation rights $ 7,216 2.1 $ 6,777 2.1 $ 5,260 1.9 Unvested restricted stock grants 5,850 2.1 4,090 2.1 2,473 2.0 Unvested performance share awards 5,117 2.0 3,267 1.7 7,320 1.8 Total unrecognized compensation expense $ 18,183 2.0 $ 14,134 2.0 $ 15,053 1.9

Note 16 - Results of Quarterl40

Note 16 - Results of Quarterly Operations (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information [Table Text Block]	First Quarter Second Quarter Third Quarter Fourth Quarter Total (1) (Dollars in thousands, except per share amounts) 2015: Revenues $ 475,671 $ 707,044 $ 659,200 $ 1,698,198 $ 3,540,113 Homebuilding gross margin $ 114,105 $ 171,941 $ 159,756 $ 330,669 $ 776,471 Net income $ 31,605 $ 57,198 $ 47,177 $ 77,529 $ 213,509 Basic income per common share $ 0.45 $ 0.80 $ 0.65 $ 0.64 $ 2.51 Diluted income per common share $ 0.40 $ 0.70 $ 0.59 $ 0.56 $ 2.26 2014: Revenues $ 465,381 $ 598,850 $ 611,323 $ 760,944 $ 2,436,498 Homebuilding gross margin $ 118,950 $ 157,940 $ 159,060 $ 182,433 $ 618,383 Net income $ 38,159 $ 56,463 $ 56,599 $ 64,644 $ 215,865 Basic income per common share $ 0.50 $ 0.75 $ 0.77 $ 0.88 $ 2.94 Diluted income per common share $ 0.45 $ 0.70 $ 0.70 $ 0.80 $ 2.68

Note 17 - Supplemental Disclo41

Note 17 - Supplemental Disclosure to Consolidated Statements of Cash Flows (Tables)	12 Months Ended
	Dec. 31, 2015
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Year Ended December 31, 2015 2014 2013 (Dollars in thousands) Supplemental Disclosures of Cash Flow Information: Cash paid during the period for: Interest $ 180,536 $ 141,527 $ 128,061 Income taxes $ 81,949 $ 7,297 $ 3,792 Supplemental Disclosure of Noncash Activities: Increase in assets in connection with merger $ 2,798,739 $ — $ — Liabilities assumed in connection with business combinations $ 2,028,332 $ 3,659 $ 4,983 Changes in inventories not owned $ 34,589 $ 14,074 $ 1,171 Changes in liabilities from inventories not owned $ 17,099 $ 14,074 $ 1,171

Note 18 - Supplemental Guaran42

Note 18 - Supplemental Guarantor Information (Tables)	12 Months Ended
	Dec. 31, 2015
Supplemental Guarantor Information [Abstract]
Supplemental Condensed Consolidating Statements of Operations [Table Text Block]	Year Ended December 31, 2015 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 1,234,750 $ 1,500,676 $ 787,707 $ (26,722 ) $ 3,496,411 Cost of sales (989,834 ) (1,194,605 ) (562,223 ) 26,722 (2,719,940 ) Gross margin 244,916 306,071 225,484 — 776,471 Selling, general and administrative expenses (145,458 ) (185,779 ) (59,473 ) — (390,710 ) Income (loss) from unconsolidated joint ventures 540 269 1,157 — 1,966 Equity income of subsidiaries 201,261 — — (201,261 ) — Interest income (expense), net 12,388 (9,374 ) (3,014 ) — — Other income (expense) (57,629 ) (2,678 ) (1,870 ) — (62,177 ) Homebuilding pretax income 256,018 108,509 162,284 (201,261 ) 325,550 Financial Services: Financial services pretax income — — 16,939 — 16,939 Income before taxes 256,018 108,509 179,223 (201,261 ) 342,489 Provision for income taxes (42,509 ) (49,512 ) (36,959 ) — (128,980 ) Net income $ 213,509 $ 58,997 $ 142,264 $ (201,261 ) $ 213,509 Year Ended December 31, 2014 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 813,423 $ 1,025,404 $ 572,351 $ — $ 2,411,178 Cost of sales (599,911 ) (779,578 ) (413,306 ) — (1,792,795 ) Gross margin 213,512 245,826 159,045 — 618,383 Selling, general and administrative expenses (101,020 ) (131,068 ) (43,773 ) — (275,861 ) Income (loss) from unconsolidated joint ventures (71 ) 88 (685 ) — (668 ) Equity income of subsidiaries 155,943 — — (155,943 ) — Interest income (expense), net 13,718 (11,497 ) (2,221 ) — — Other income (expense) (3,954 ) (469 ) 2,690 — (1,733 ) Homebuilding pretax income 278,128 102,880 115,056 (155,943 ) 340,121 Financial Services: Financial services pretax income — — 9,843 — 9,843 Income before taxes 278,128 102,880 124,899 (155,943 ) 349,964 Provision for income taxes (62,263 ) (40,469 ) (31,367 ) — (134,099 ) Net income $ 215,865 $ 62,411 $ 93,532 $ (155,943 ) $ 215,865 Year Ended December 31, 2013 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 819,044 $ 826,245 $ 269,320 $ — $ 1,914,609 Cost of sales (609,858 ) (632,733 ) (202,822 ) — (1,445,413 ) Gross margin 209,186 193,512 66,498 — 469,196 Selling, general and administrative expenses (94,819 ) (111,746 ) (24,126 ) — (230,691 ) Income (loss) from unconsolidated joint ventures 1,369 (137 ) (283 ) — 949 Equity income of subsidiaries 81,140 — — (81,140 ) — Interest income (expense), net 16,419 (11,651 ) (4,768 ) — — Other income (expense) 7,515 (321 ) (379 ) — 6,815 Homebuilding pretax income 220,810 69,657 36,942 (81,140 ) 246,269 Financial Services: Financial services pretax income — — 11,429 — 11,429 Income before income taxes 220,810 69,657 48,371 (81,140 ) 257,698 Provision for income taxes (32,095 ) (23,676 ) (13,212 ) — (68,983 ) Net income $ 188,715 $ 45,981 $ 35,159 $ (81,140 ) $ 188,715
Supplemental Condensed Consolidating Balance Sheets [Table Text Block]	December 31, 2015 CalAtlantic Group, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) ASSETS Homebuilding: Cash and equivalents $ 6,387 $ 112,852 $ 31,837 $ — $ 151,076 Restricted cash — — 35,990 — 35,990 Intercompany receivables 2,380,899 — 152,505 2,533,404 — Inventories: Owned 2,524,927 2,304,305 1,240,727 — 6,069,959 Not owned 32,393 38,925 11,928 — 83,246 Investments in unconsolidated joint ventures 5,353 4,330 123,080 — 132,763 Investments in subsidiaries 1,644,453 — — (1,644,453 ) — Deferred income taxes, net 405,945 — — (9,751 ) 396,194 Goodwill 933,360 — — — 933,360 Other assets 67,578 48,027 3,163 — 118,768 Total Homebuilding Assets 8,001,295 2,508,439 1,599,230 (4,187,608 ) 7,921,356 Financial Services: Cash and equivalents — — 35,518 — 35,518 Restricted cash — — 22,914 — 22,914 Mortgage loans held for sale, net — — 325,770 — 325,770 Mortgage loans held for investment, net — — 22,704 — 22,704 Other assets — — 18,886 (1,643 ) 17,243 Total Financial Services Assets — — 425,792 (1,643 ) 424,149 Total Assets $ 8,001,295 $ 2,508,439 $ 2,025,022 $ (4,189,251 ) $ 8,345,505 LIABILITIES AND EQUITY Homebuilding: Accounts payable $ 91,873 $ 82,906 $ 16,902 $ — $ 191,681 Accrued liabilities and intercompany payables 415,803 1,538,096 903,761 (2,378,867 ) 478,793 Secured project debt and other notes payable 170,167 — 4,061 (148,545 ) 25,683 Senior notes payable 3,462,016 — — — 3,462,016 Total Homebuilding Liabilities 4,139,859 1,621,002 924,724 (2,527,412 ) 4,158,173 Financial Services: Accounts payable and other liabilities — — 39,860 (17,386 ) 22,474 Mortgage credit facilities — — 303,422 — 303,422 Total Financial Services Liabilities — — 343,282 (17,386 ) 325,896 Total Liabilities 4,139,859 1,621,002 1,268,006 (2,544,798 ) 4,484,069 Equity: Total Equity 3,861,436 887,437 757,016 (1,644,453 ) 3,861,436 Total Liabilities and Equity $ 8,001,295 $ 2,508,439 $ 2,025,022 $ (4,189,251 ) $ 8,345,505 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 19,443 11,234 8,139 — 38,816 Total Homebuilding Assets 4,106,700 1,275,545 1,329,510 (2,787,419 ) 3,924,336 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 $ 4,106,700 $ 1,275,545 $ 1,558,550 $ (2,789,156 ) $ 4,151,639 LIABILITIES AND EQUITY Homebuilding: Accounts payable $ 13,856 $ 16,202 $ 15,027 $ — $ 45,085 Accrued liabilities and intercompany payables 206,731 868,922 783,324 (1,635,194 ) 223,783 Secured project debt and other notes payable 100,813 — 4,689 (100,813 ) 4,689 Senior notes payable 2,108,612 — — — 2,108,612 Total Homebuilding Liabilities 2,430,012 885,124 803,040 (1,736,007 ) 2,382,169 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 2,430,012 885,124 991,038 (1,831,223 ) 2,474,951 Equity: Total Equity 1,676,688 390,421 567,512 (957,933 ) 1,676,688 Total Liabilities and Equity $ 4,106,700 $ 1,275,545 $ 1,558,550 $ (2,789,156 ) $ 4,151,639
Supplemental Condensed Consolidating Statements of Cash Flows [Table Text Block]	Year Ended December 31, 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 $ (17,201 ) $ (107,470 ) $ (146,690 ) $ — $ (271,361 ) Cash Flows From Investing Activities: Investments in unconsolidated homebuilding joint ventures — — (91,453 ) — (91,453 ) Distributions of capital from unconsolidated homebuilding joint ventures 641 75 18,866 — 19,582 Cash acquired in connection with merger 20,345 238,034 10,138 — 268,517 Loan to parent and subsidiaries — — 34,000 (34,000 ) — Other investing activities 9 (4,310 ) (7,671 ) — (11,972 ) Net cash provided by (used in) investing activities 20,995 233,799 (36,120 ) (34,000 ) 184,674 Cash Flows From Financing Activities: Change in restricted cash — — 652 — 652 Borrowing from revolving credit facility 852,700 — — — 852,700 Principal payments on revolving credit facility (852,700 ) — — — (852,700 ) Principal payments on secured project debt and other notes payable (1,893 ) — (639 ) — (2,532 ) Loan from subsidiary 46,000 — — (46,000 ) — Principal payment on senior notes payable (29,789 ) — — — (29,789 ) Payment of debt issuance costs (1,016 ) — — — (1,016 ) Net proceeds from (payments on) mortgage credit facilities — — 30,469 80,000 110,469 (Contributions to) distributions from Corporate and subsidiaries 13,873 (31,719 ) 17,846 — — Repurchases of common stock (22,073 ) — — — (22,073 ) Common stock dividend payments (4,851 ) — — — (4,851 ) Issuance of common stock under employee stock plans, net of withholdings 1,000 — — — 1,000 Excess tax benefits from share-based payment arrangements 9,250 — — — 9,250 Other financing activities — (95 ) (127 ) — (222 ) Intercompany advances, net (141,212 ) 17,276 123,936 — — Net cash provided by (used in) financing activities (130,711 ) (14,538 ) 172,137 34,000 60,888 Net increase (decrease) in cash and equivalents (126,917 ) 111,791 (10,673 ) — (25,799 ) Cash and equivalents at beginning of year 133,304 1,061 78,028 — 212,393 Cash and equivalents at end of year $ 6,387 $ 112,852 $ 67,355 $ — $ 186,594 Year Ended December 31, 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 $ (56,158 ) $ (118,941 ) $ (187,298 ) $ — $ (362,397 ) Cash Flows From Investing Activities: Investments in unconsolidated homebuilding joint ventures — — (10,506 ) — (10,506 ) Distributions of capital from unconsolidated homebuilding joint ventures 227 228 17,555 — 18,010 Net cash paid for acquisitions — (36,047 ) 2,277 — (33,770 ) Loan to parent and subsidiaries — — (180,000 ) 180,000 — Other investing activities (1,571 ) (1,351 ) (1,832 ) — (4,754 ) Net cash provided by (used in) investing activities (1,344 ) (37,170 ) (172,506 ) 180,000 (31,020 ) Cash Flows From Financing Activities: Change in restricted cash — — (16,762 ) — (16,762 ) Principal payments on secured project debt and other notes payable — — (1,458 ) — (1,458 ) Loan from subsidiary 100,000 — — (100,000 ) — Principal payment on senior notes payable (4,971 ) — — — (4,971 ) Proceeds from the issuance of senior notes payable 300,000 — — — 300,000 Payment of debt issuance costs (6,230 ) — — — (6,230 ) Net proceeds from (payments on) mortgage credit facilities — — 68,546 (80,000 ) (11,454 ) (Contributions to) distributions from Corporate and subsidiaries 8,350 — (8,350 ) — — Repurchases of common stock (36,781 ) — — — (36,781 ) Issuance of common stock under employee stock plans, net of withholdings 6,771 — — — 6,771 Excess tax benefits from share-based payment arrangements 13,404 — — — 13,404 Intercompany advances, net (365,026 ) 156,678 208,348 — — Net cash provided by (used in) financing activities 15,517 156,678 250,324 (180,000 ) 242,519 Net increase (decrease) in cash and equivalents (41,985 ) 567 (109,480 ) — (150,898 ) Cash and equivalents at beginning of year 175,289 494 187,508 — 363,291 Cash and equivalents at end of year $ 133,304 $ 1,061 $ 78,028 $ — $ 212,393 Year Ended December 31, 2013 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 $ 163,640 $ (172,687 ) $ (145,169 ) — $ (154,216 ) Cash Flows From Investing Activities: Investments in unconsolidated homebuilding joint ventures (534 ) (50 ) (23,744 ) — (24,328 ) Distributions of capital from unconsolidated homebuilding joint ventures — 244 4,519 — 4,763 Net cash paid for acquisitions — (27,113 ) (89,149 ) — (116,262 ) Other investing activities (1,946 ) (3,768 ) (2,316 ) — (8,030 ) Net cash provided by (used in) investing activities (2,480 ) (30,687 ) (110,690 ) — (143,857 ) Cash Flows From Financing Activities: Change in restricted cash — — 6,565 — 6,565 Principal payments on secured project debt and other notes payable (6,804 ) — (1,530 ) — (8,334 ) Proceeds from the issuance of senior notes payable 300,000 — — — 300,000 Payment of debt issuance costs (5,316 ) — — — (5,316 ) Net proceeds from (payments on) mortgage credit facilities — — 8,708 — 8,708 (Contributions to) distributions from Corporate and subsidiaries (11,691 ) — 11,691 — — Payment of issuance costs in connection with preferred shareholder equity transactions (350 ) — — — (350 ) Issuance of common stock under employee stock plans, net of withholdings 13,536 — — — 13,536 Intercompany advances, net (429,968 ) 203,754 226,214 — — Net cash provided by (used in) financing activities (140,593 ) 203,754 251,648 — 314,809 Net increase (decrease) in cash and equivalents 20,567 380 (4,211 ) — 16,736 Cash and equivalents at beginning of year 154,722 114 191,719 — 346,555 Cash and equivalents at end of year $ 175,289 $ 494 $ 187,508 — $ 363,291

Note 1 - Company Organization43

Note 1 - Company Organization and Operations (Details) - Percentages of Homes Delivered by Region	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Note 1 - Company Organization and Operations (Details) - Percentages of Homes Delivered by Region [Line Items]
Region	100.00%	100.00%	100.00%
Homebuilding: North [Member]
Note 1 - Company Organization and Operations (Details) - Percentages of Homes Delivered by Region [Line Items]
Region	11.00%	0.00%	0.00%
Homebuilding: Southeast [Member]
Note 1 - Company Organization and Operations (Details) - Percentages of Homes Delivered by Region [Line Items]
Region	34.00%	38.00%	38.00%
Homebuilding: Southwest [Member]
Note 1 - Company Organization and Operations (Details) - Percentages of Homes Delivered by Region [Line Items]
Region	26.00%	21.00%	18.00%
Homebuilding: West [Member]
Note 1 - Company Organization and Operations (Details) - Percentages of Homes Delivered by Region [Line Items]
Region	29.00%	41.00%	44.00%

Note 2 - Summary of Significa44

Note 2 - Summary of Significant Accounting Policies (Details)	Oct. 01, 2015	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Number of Reportable Segments		4
Available-for-sale Securities, Gross Unrealized Gain		$ 169,000
Mortgage Loan Loss Expense Provision		300,000	$ 500,000	$ 0
Mortgage Loan Repurchase Reserve		3,900,000	2,200,000
Allowance for Loan and Lease Losses, Real Estate		1,600,000	1,500,000
Term Loan B Non Cash Interest Amortization				3,600,000
Capitalized Interest Transferred From Investments In Unconsolidated Joint Ventures To Inventories Owned		0	6,000,000	4,400,000
Capitalized Interest in Connection with Abandonment Project				800,000
Goodwill, Impairment Loss		0
Insurance and Litigation Accruals		125,300,000	62,800,000
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax				$ 2,228,000
Cash From Home Closings in Escrow [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Cash		54,200,000
Other Income [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Available-for-sale Securities, Gross Realized Gain (Loss)		164,000
The Ryland Group, Inc. [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Mortgage Loan Repurchase Reserve		1,500,000
Insurance and Litigation Accruals		55,500,000
Homebuilding [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Restricted Cash and Cash Equivalents		35,990,000	38,222,000
Financial Services [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Restricted Cash and Cash Equivalents		22,914,000	$ 1,295,000
Reclassification From Debt Issuance Costs to Debt Carrying Amount [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Prior Period Reclassification Adjustment		16,900,000
Reclassification From Debt Issuance Costs to Debt Carrying Amount [Member] | Year Ended December 31, 2014 [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Prior Period Reclassification Adjustment		22,800,000
Held in Cash Collateral Accounts [Member] | Financial Services [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Restricted Cash and Cash Equivalents		17,700,000
Financial Service Subsidiary Mortgage Credit Facilities [Member] | Financial Services [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Restricted Cash and Cash Equivalents		4,000,000
Funds Held in Trust for Third Parties [Member] | Financial Services [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Restricted Cash and Cash Equivalents		$ 1,200,000
Reverse Stock Split [Member] | The Ryland Group, Inc. [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Stockholders' Equity Note, Stock Split, Conversion Ratio	5

Note 2 - Summary of Significa45

Note 2 - Summary of Significant Accounting Policies (Details) - Warranty Costs Accrual - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Warranty Costs Accrual [Abstract]
Warranty accrual, beginning of the year	$ 13,584	$ 13,811	$ 15,514
Warranty assumed with merger	25,528	0	0
Warranty costs accrued during the year	13,803	7,550	2,495
Warranty costs paid during the year	(12,224)	(7,777)	(4,198)
Warranty accrual, end of the year	$ 40,691	$ 13,584	$ 13,811

Note 2 - Summary of Significa46

Note 2 - Summary of Significant Accounting Policies (Details) - Computation of Basic and Diluted Earnings Per Share - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Numerator:
Net income	$ 77,529	$ 47,177	$ 57,198	$ 31,605	$ 64,644	$ 56,599	$ 56,463	$ 38,159	$ 213,509	[1]	$ 215,865	[1]	$ 188,715
Less: Net income allocated to preferred shareholder									(32,997)		(51,650)		(57,386)
Less: Net income allocated to unvested restricted stock									(369)		(297)		(265)
Net income available to common stockholders for basic earnings per common share									180,143		163,918		131,064
Effect of dilutive securities:
Net income allocated to preferred shareholder									32,997		51,650		57,386
Net income available to common and preferred stock for diluted earnings per share									$ 214,094		$ 216,467		$ 189,349
Denominator:
Weighted average basic common shares outstanding (in Shares)									71,713,747		55,737,548		50,623,649
Weighted average additional common shares outstanding if preferred shares converted to common shares (if dilutive) (in Shares)									13,135,814		17,562,557		22,165,311
Total weighted average common shares outstanding if preferred shares converted to common shares (in Shares)									84,849,561		73,300,105		72,788,961
Effect of dilutive securities:
Share-based awards (in Shares)									816,459		1,256,964		1,348,571
Weighted average diluted shares outstanding (in Shares)									94,648,767		80,819,639		80,400,102
Income per share:
Basic (in Dollars per share)	$ 0.64	$ 0.65	$ 0.80	$ 0.45	$ 0.88	$ 0.77	$ 0.75	$ 0.50	$ 2.51	[1]	$ 2.94	[1]	$ 2.59
Diluted (in Dollars per share)	$ 0.56	$ 0.59	$ 0.70	$ 0.40	$ 0.80	$ 0.70	$ 0.70	$ 0.45	$ 2.26	[1]	$ 2.68	[1]	$ 2.36
1.625% Convertible Senior Notes Due May 2018 [Member]
Effect of dilutive securities:
Interest on convertible senior notes									$ 47
Effect of dilutive securities:
Share-based awards on convertible senrio notes (in Shares)									1,804,192
0.25% Convertible Senior Notes Due June 2019 [Member]
Effect of dilutive securities:
Interest on convertible senior notes									$ 9
Effect of dilutive securities:
Share-based awards on convertible senrio notes (in Shares)									915,985
1¼% Convertible Senior Notes Due August 2032 [Member]
Effect of dilutive securities:
Interest on convertible senior notes									$ 898		$ 899		$ 899
Effect of dilutive securities:
Share-based awards on convertible senrio notes (in Shares)									6,262,570		6,262,570		6,262,570
[1]	Per share amounts do not add across due to rounding differences in quarterly amounts and due to the impact of differences between the quarterly and annual weighted average share calculations.

Note 2 - Summary of Significa47

Note 2 - Summary of Significant Accounting Policies (Details) - Interest Capitalized - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interest Capitalized [Abstract]
Total interest incurred (1)	[1]	$ 171,509	$ 153,695	$ 140,865
Less: Interest capitalized to inventories owned		(169,233)	(151,962)	(137,990)
Less: Interest capitalized to investments in unconsolidated joint ventures		(2,276)	(1,733)	(2,875)
Interest expense		0	0	0
Interest previously capitalized to inventories owned, included in home cost of home sales		131,611	119,422	120,714
Interest previously capitalized to inventories owned, included in land cost of land sales		7,770	3,690	1,064
Interest previously capitalized to investments in unconsolidated joint ventures, included in income (loss) from unconsolidated joint ventures		0	30	441
Interest capitalized in ending inventories owned (2)	[2]	$ 305,459	$ 275,607	$ 240,734
Interest capitalized as a percentage of inventories owned		5.00%	8.50%	9.50%
Interest capitalized in ending investments in unconsolidated joint ventures (2)	[2]	$ 2,941	$ 665	$ 4,985
Interest capitalized as a percentage of investments in unconsolidated joint ventures		2.20%	1.30%	7.50%
[1]	For the year ended December 31, 2013, interest incurred included the noncash amortization of $3.6 million of interest related to the Term Loan B swap that wasunwound in the 2010 fourth quarter (please see Note 2.u. "Derivative Instruments and Hedging Activities").
[2]	During the years ended December 31, 2015, 2014 and 2013, in connection with lot purchases from our joint ventures, $0, $6.0 million and $4.4 million, respectively, of capitalized interest was transferred from investments in unconsolidated joint ventures to inventories owned. In addition, during the yearended December 31, 2013, approximately $0.8 million of capitalized interest was included in other income (expense) in connection with the abandonment of a project.

Note 3 - Business Acquisition48

Note 3 - Business Acquisitions (Details) - The Ryland Group, Inc. [Member] $ / shares in Units, $ in Thousands	Oct. 01, 2015USD ($)$ / shares	Dec. 31, 2015USD ($)
Note 3 - Business Acquisitions (Details) [Line Items]
undefined	1.0191
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	$ 1,972,284	$ 2,000,000
Share Price (in Dollars per share) | $ / shares	$ 40.46
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 30,600
Goodwill	$ 933,360
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual		772,300
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual		$ (1,800)
Reverse Stock Split [Member]
Note 3 - Business Acquisitions (Details) [Line Items]
Stockholders' Equity Note, Stock Split, Conversion Ratio	5

Note 3 - Business Acquisition49

Note 3 - Business Acquisitions (Details) - Components of Common Stock Outstanding Immediately Following the Merger - The Ryland Group, Inc. [Member]	Oct. 01, 2015shares
Ryland Group, Inc [Member] | Common Stock [Member]
Note 3 - Business Acquisitions (Details) - Components of Common Stock Outstanding Immediately Following the Merger [Line Items]
Split/Exchange Ratio	1.0191
Accelerated Vesting of Ryland Equity Awards	1.0191
Ryland Group, Inc [Member] | Accelerated Vesting of Equity Awards [Member]
Note 3 - Business Acquisitions (Details) - Components of Common Stock Outstanding Immediately Following the Merger [Line Items]
Split/Exchange Ratio	1.0191
Accelerated Vesting of Ryland Equity Awards	1.0191
Before Stock Split [Member]
Note 3 - Business Acquisitions (Details) - Components of Common Stock Outstanding Immediately Following the Merger [Line Items]
Shares Outstanding	412,124,419
Before Stock Split [Member] | Ryland Group, Inc [Member] | Common Stock [Member]
Note 3 - Business Acquisitions (Details) - Components of Common Stock Outstanding Immediately Following the Merger [Line Items]
Shares Outstanding	46,856,558
Before Stock Split [Member] | Ryland Group, Inc [Member] | Accelerated Vesting of Equity Awards [Member]
Note 3 - Business Acquisitions (Details) - Components of Common Stock Outstanding Immediately Following the Merger [Line Items]
Accelerated Vesting of Ryland Equity Awards	234,751
After Stock Split [Member]
Note 3 - Business Acquisitions (Details) - Components of Common Stock Outstanding Immediately Following the Merger [Line Items]
Shares Outstanding	120,996,334
After Stock Split [Member] | Fractional Shares Paid Out [Member]
Note 3 - Business Acquisitions (Details) - Components of Common Stock Outstanding Immediately Following the Merger [Line Items]
Shares Outstanding	(1,041)
After Stock Split [Member] | Ryland Group, Inc [Member] | Common Stock [Member]
Note 3 - Business Acquisitions (Details) - Components of Common Stock Outstanding Immediately Following the Merger [Line Items]
Shares Outstanding	47,751,518
After Stock Split [Member] | Ryland Group, Inc [Member] | Accelerated Vesting of Equity Awards [Member]
Note 3 - Business Acquisitions (Details) - Components of Common Stock Outstanding Immediately Following the Merger [Line Items]
Accelerated Vesting of Ryland Equity Awards	239,235
Reverse Stock Split [Member]
Note 3 - Business Acquisitions (Details) - Components of Common Stock Outstanding Immediately Following the Merger [Line Items]
Split/Exchange Ratio	5
Accelerated Vesting of Ryland Equity Awards	5
Reverse Stock Split [Member] | Standard Pacific [Member] | Common Stock [Member]
Note 3 - Business Acquisitions (Details) - Components of Common Stock Outstanding Immediately Following the Merger [Line Items]
Split/Exchange Ratio	5
Accelerated Vesting of Ryland Equity Awards	5
Reverse Stock Split [Member] | Standard Pacific [Member] | Preferred Stock [Member]
Note 3 - Business Acquisitions (Details) - Components of Common Stock Outstanding Immediately Following the Merger [Line Items]
Split/Exchange Ratio	5
Accelerated Vesting of Ryland Equity Awards	5
Reverse Stock Split [Member] | Before Stock Split [Member] | Standard Pacific [Member] | Common Stock [Member]
Note 3 - Business Acquisitions (Details) - Components of Common Stock Outstanding Immediately Following the Merger [Line Items]
Shares Outstanding	277,220,324
Reverse Stock Split [Member] | Before Stock Split [Member] | Standard Pacific [Member] | Preferred Stock [Member]
Note 3 - Business Acquisitions (Details) - Components of Common Stock Outstanding Immediately Following the Merger [Line Items]
Shares Outstanding	87,812,786
Reverse Stock Split [Member] | After Stock Split [Member] | Standard Pacific [Member] | Common Stock [Member]
Note 3 - Business Acquisitions (Details) - Components of Common Stock Outstanding Immediately Following the Merger [Line Items]
Shares Outstanding	55,444,065
Reverse Stock Split [Member] | After Stock Split [Member] | Standard Pacific [Member] | Preferred Stock [Member]
Note 3 - Business Acquisitions (Details) - Components of Common Stock Outstanding Immediately Following the Merger [Line Items]
Shares Outstanding	17,562,557

Note 3 - Business Acquisition50

Note 3 - Business Acquisitions (Details) - Purchase Price Calculations - The Ryland Group, Inc. [Member] $ / shares in Units, shares in Thousands, $ in Thousands	Oct. 01, 2015USD ($)$ / sharesshares
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Number of shares of CalAtlantic common stock issued to Ryland shareholders (in Shares) | shares	47,989,812
Opening price per share of CalAtlantic common stock (in Dollars per share) | $ / shares	$ 40.46
Considerations	$ 30,600
Total purchase price	1,972,284
Common Stock [Member]
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Considerations	1,941,668
Equity Awards Exchanged for Acquisition Equity Awards [Member]
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Considerations	$ 30,616

Note 3 - Business Acquisition51

Note 3 - Business Acquisitions (Details) - Purchase Price Allocation - The Ryland Group, Inc. [Member] - USD ($) $ in Thousands	Dec. 31, 2015	Oct. 01, 2015
Note 3 - Business Acquisitions (Details) - Purchase Price Allocation [Line Items]
Cash and cash equivalents		$ 268,517
Inventories		2,404,765
Investments in unconsolidated joint ventures		13,821
Deferred income taxes		158,407
Homebuilding other assets		76,857
Financial services assets, excluding cash		144,889
Goodwill		933,360
Total assets		4,000,616
Accounts payable and accrued liabilities		(496,125)
Secured project debt and other notes payables		(22,213)
Senior notes payable		(1,385,375)
Financial services liabilities		(124,619)
Total purchase price	$ 2,000,000	$ 1,972,284

Note 3 - Business Acquisition52

Note 3 - Business Acquisitions (Details) - Summary of Unaudited Supplemental Pro Forma Operating Results - The Ryland Group, Inc. [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Note 3 - Business Acquisitions (Details) - Summary of Unaudited Supplemental Pro Forma Operating Results [Line Items]
Home sale revenues	$ 5,280,297	$ 4,922,721
Net income	$ 321,239	$ 387,123
Income per share:
Basic	$ 2.65	$ 3.19
Diluted	$ 2.32	$ 2.80

Note 3 - Business Acquisition53

Note 3 - Business Acquisitions (Details) - Acquisition and Integration Expenses Related to the Merger - The Ryland Group, Inc. [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Note 3 - Business Acquisitions (Details) - Acquisition and Integration Expenses Related to the Merger [Line Items]
Severance and personnel costs	$ 38,970
Professional service, real estate related, and other expenses	13,066
Total	$ 52,036

Note 4 - Segment Reporting (Det

Note 4 - Segment Reporting (Details)	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Number of Operating Segments	2
Number of Reportable Segments	4

Note 4 - Segment Reporting (D55

Note 4 - Segment Reporting (Details) - Segment Financial Information Relating to Homebuilding Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Homebuilding revenues:
Homebuilding revenues	$ 3,496,411	$ 2,411,178	$ 1,914,609
Homebuilding pretax income:
Homebuilding pretax income	325,550	340,121	246,269
Homebuilding [Member]
Homebuilding revenues:
Homebuilding revenues	3,496,411	2,411,178	1,914,609
Homebuilding pretax income:
Homebuilding pretax income	325,550	$ 340,121	$ 246,269
North [Member] | Homebuilding [Member]
Homebuilding revenues:
Homebuilding revenues	262,988
Homebuilding pretax income:
Homebuilding pretax income	5,556
Southeast [Member] | Homebuilding [Member]
Homebuilding revenues:
Homebuilding revenues	988,773	$ 672,776	$ 496,070
Homebuilding pretax income:
Homebuilding pretax income	69,726	66,232	38,672
Southwest [Member] | Homebuilding [Member]
Homebuilding revenues:
Homebuilding revenues	889,496	495,008	339,852
Homebuilding pretax income:
Homebuilding pretax income	70,851	48,958	33,119
West [Member] | Homebuilding [Member]
Homebuilding revenues:
Homebuilding revenues	1,355,154	1,243,394	1,078,687
Homebuilding pretax income:
Homebuilding pretax income	$ 179,417	$ 224,931	$ 174,478

Note 4 - Segment Reporting (D56

Note 4 - Segment Reporting (Details) - Segment Financial Information Relating to Homebuilding Assets - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014
Homebuilding assets:
Assets, by segments		$ 8,345,505	$ 4,151,639
Homebuilding [Member]
Homebuilding assets:
Assets, by segments		7,921,356	3,924,336
Corporate, Non-Segment [Member] | Homebuilding [Member]
Homebuilding assets:
Assets, by segments	[1]	1,594,175	$ 494,920
North [Member] | Homebuilding [Member]
Homebuilding assets:
Assets, by segments		732,689
Southeast [Member] | Homebuilding [Member]
Homebuilding assets:
Assets, by segments		1,766,241	$ 1,060,343
Southwest [Member] | Homebuilding [Member]
Homebuilding assets:
Assets, by segments		1,470,654	624,765
West [Member] | Homebuilding [Member]
Homebuilding assets:
Assets, by segments		$ 2,357,597	$ 1,744,308
[1]	The assets in our Corporate Segment include cash and cash equivalents and our deferred tax asset and, for 2015, goodwill recorded in connection with themerger with Ryland. As of the end of the period covered by this annual report on Form 10-K, we have not yet finalized the allocation of goodwill to ourreporting units.

Note 5 - Marketable Securitie57

Note 5 - Marketable Securities, Available-for-sale (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Other Income [Member]
Note 5 - Marketable Securities, Available-for-sale (Details) [Line Items]
Realized Investment Gains (Losses)	$ 164,000

Note 5 - Marketable Securitie58

Note 5 - Marketable Securities, Available-for-sale (Details) - Fair Values of Marketable Securities by Type of Security $ in Thousands	Dec. 31, 2015USD ($)
Type of security:
Municipal bond and metropolitan district securities	$ 19,439
Municipal bond and metropolitan district securities	5
Municipal bond and metropolitan district securities	$ 19,444

Note 5 - Marketable Securitie59

Note 5 - Marketable Securities, Available-for-sale (Details) - Fair Values of Marketable Securities by Contractual Maturity $ in Thousands	Dec. 31, 2015USD ($)
Contractual maturity:
Maturing in one year or less	$ 0
Maturing after three years	19,444
Total marketable securities, available-for-sale	$ 19,444

Note 6 - Inventories (Details)

Note 6 - Inventories (Details)	3 Months Ended	12 Months Ended
	Jun. 30, 2014USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Note 6 - Inventories (Details) [Line Items]
Number of Active and Future Projects Owned		903	368	343
Impairment of Real Estate		$ 0	$ 0	$ 0
Number Of Current Future Communities Acquired During Period	10
Inventory Real Estate Not Owned		83,246,000	85,153,000
Other Lot Option Contracts Net Of Deposits		553,000	37,681,000
Acquisition Of Current and Future Communities [Member]
Note 6 - Inventories (Details) [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other	$ 1,200,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other	4,200,000
Business Acquisition, Transaction Costs	300,000
Other Lot Option Contracts [Member]
Note 6 - Inventories (Details) [Line Items]
Inventory Real Estate Not Owned		600,000	3,100,000
Inventory Owned [Member] | Acquisition Of Current and Future Communities [Member]
Note 6 - Inventories (Details) [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	31,500,000
Inventory Not Owned [Member] | Acquisition Of Current and Future Communities [Member]
Note 6 - Inventories (Details) [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	$ 4,900,000
Significant Deposits Paid Under Contract [Member]
Note 6 - Inventories (Details) [Line Items]
Other Lot Option Contracts Net Of Deposits			27,000,000
Land Option and Purchase Contracts [Member]
Note 6 - Inventories (Details) [Line Items]
Other Lot Option Contracts Net Of Deposits		$ 0	$ 7,600,000

Note 6 - Inventories (Details)

Note 6 - Inventories (Details) - Inventories Owned - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Note 6 - Inventories (Details) - Inventories Owned [Line Items]
Land and land under development, by segments	$ 3,546,289	$ 2,248,289
Homes completed and under construction, by segments	2,039,597	827,612
Model homes, by segments	484,073	179,303
Total inventories owned, by segments	6,069,959	$ 3,255,204
Homebuilding: North [Member]
Note 6 - Inventories (Details) - Inventories Owned [Line Items]
Land and land under development, by segments	370,584
Homes completed and under construction, by segments	266,967
Model homes, by segments	66,100
Total inventories owned, by segments	703,651
Homebuilding: Southeast [Member]
Note 6 - Inventories (Details) - Inventories Owned [Line Items]
Land and land under development, by segments	1,169,350	$ 722,166
Homes completed and under construction, by segments	464,668	258,132
Model homes, by segments	119,283	53,103
Total inventories owned, by segments	1,753,301	1,033,401
Homebuilding: Southwest [Member]
Note 6 - Inventories (Details) - Inventories Owned [Line Items]
Land and land under development, by segments	687,792	339,625
Homes completed and under construction, by segments	599,183	223,032
Model homes, by segments	113,549	36,199
Total inventories owned, by segments	1,400,524	598,856
Homebuilding: West [Member]
Note 6 - Inventories (Details) - Inventories Owned [Line Items]
Land and land under development, by segments	1,318,563	1,186,498
Homes completed and under construction, by segments	708,779	346,448
Model homes, by segments	185,141	90,001
Total inventories owned, by segments	$ 2,212,483	$ 1,622,947

Note 6 - Inventories (Details62

Note 6 - Inventories (Details) - Inventories Not Owned - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Inventories Not Owned [Abstract]
Land purchase and lot option deposits	$ 82,693	$ 47,472
Other lot option contracts, net of deposits	553	37,681
Total inventories not owned	$ 83,246	$ 85,153

Note 7 - Investments in Uncon63

Note 7 - Investments in Unconsolidated Land Development and Homebuilding Joint Ventures (Details) - USD ($)		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Equity Method Investments and Joint Ventures [Abstract]
Asset Impairment Charges		$ 0	$ 0	$ 0
Interest capitalized in ending investments in unconsolidated joint ventures	[1]	$ 2,941,000	$ 665,000	$ 4,985,000
[1]	During the years ended December 31, 2015, 2014 and 2013, in connection with lot purchases from our joint ventures, $0, $6.0 million and $4.4 million, respectively, of capitalized interest was transferred from investments in unconsolidated joint ventures to inventories owned. In addition, during the yearended December 31, 2013, approximately $0.8 million of capitalized interest was included in other income (expense) in connection with the abandonment of a project.

Note 7 - Investments in Uncon64

Note 7 - 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	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Combined Statements of Operations for Unconsolidated Land Development and Homebuilding Joint Ventures [Abstract]
Revenues	$ 43,806	$ 39,898	$ 32,546
Cost of sales and expenses	(33,587)	(47,519)	(30,465)
Income (loss) of unconsolidated joint ventures	10,219	(7,621)	2,081
Income (loss) from unconsolidated joint ventures reflected in the accompanying consolidated statements of operations	$ 1,966	$ (668)	$ 949

Note 7 - Investments in Uncon65

Note 7 - Investments in Unconsolidated Land Development and Homebuilding Joint Ventures (Details) - Combined Balance Sheets for Unconsolidated Land Development and Homebuilding Joint Ventures - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets:
Cash	$ 34,893	$ 29,472
Inventories	510,502	197,727
Other assets	14,540	10,372
Total assets	559,935	237,571
Liabilities and Equity:
Accounts payable and accrued liabilities	26,571	16,173
Bank debt	33,704	30,000
CalAtlantic equity	130,750	54,347
Other Members' equity	368,910	137,051
Total liabilities and equity	559,935	237,571
Investments in unconsolidated joint ventures reflected in the accompanying consolidated balance sheets	$ 132,763	$ 50,111

Note 8 - Homebuilding Indebte66

Note 8 - Homebuilding Indebtedness (Details)	1 Months Ended	12 Months Ended
	Aug. 31, 2015USD ($)	Dec. 31, 2015USD ($)$ / shares	Oct. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013
Note 8 - Homebuilding Indebtedness (Details) [Line Items]
Cash Collateral Deposits (in Dollars)		$ 34,500,000
Deferred Finance Costs, Net (in Dollars)		$ 16,883,000
Debt Instrument, Repurchase Price, Percentage		100.00%
Maximum Carve-out In Credit Facility Indebtedness (in Dollars)		$ 1,100,000,000
Debt, Weighted Average Interest Rate		6.10%		7.20%	7.40%
Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) [Line Items]
Secured Debt (in Dollars)		$ 25,683,000		$ 4,689,000
London Interbank Offered Rate (LIBOR) [Member]
Note 8 - Homebuilding Indebtedness (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		0.43%
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate		1.75%
Prime Rate [Member]
Note 8 - Homebuilding Indebtedness (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		3.50%
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate		0.75%
Senior Notes [Member]
Note 8 - Homebuilding Indebtedness (Details) [Line Items]
Deferred Finance Costs, Net (in Dollars)		$ 16,900,000
Committed Letter Of Credit [Member]
Note 8 - Homebuilding Indebtedness (Details) [Line Items]
Number Of Credit Facilities		4
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)		$ 48,000,000
Letters of Credit Outstanding, Amount (in Dollars)		33,800,000
Unsecured Revolving Credit Facility [Member]
Note 8 - Homebuilding Indebtedness (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity (in Dollars)			$ 750,000,000
Long-term Line of Credit (in Dollars)		0
Letter of Credit [Member]
Note 8 - Homebuilding Indebtedness (Details) [Line Items]
Letters of Credit Outstanding, Amount (in Dollars)		118,900,000
Line of Credit Facility, Current Borrowing Capacity (in Dollars)			350,000,000
Unsecured Revolving Credit Facility and Letters of Credit [Member]
Note 8 - Homebuilding Indebtedness (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)			1,200,000,000
Line of Credit Facility, Covenant, Minimum Tangible Net Worth Requirement (in Dollars)			$ 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 (in Dollars)		$ 631,100,000
1.625% Convertible Senior Notes Due May 2018 [Member]
Note 8 - Homebuilding Indebtedness (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		1.625%
Debt Instrument, Convertible, Conversion Ratio		31.8207
Debt Instrument, Convertible, Principal Amount Used In Conversion Rate Calculation (in Dollars)		$ 1,000
Debt Instrument, Convertible, Conversion Price (in Dollars per share) | $ / shares		$ 31.43
1.625% Convertible Senior Notes Due May 2018 [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		1.625%
0.25% Convertible Senior Notes Due June 2019 [Member]
Note 8 - Homebuilding Indebtedness (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		0.25%
Debt Instrument, Convertible, Conversion Ratio		13.5886
Debt Instrument, Convertible, Principal Amount Used In Conversion Rate Calculation (in Dollars)		$ 1,000
Debt Instrument, Convertible, Conversion Price (in Dollars per share) | $ / shares		$ 73.59
Debt Instrument, Convertible, Threshold Trading Days		20
Debt Instrument, Convertible, Threshold Consecutive Trading Days		30 days
Debt Instrument, Convertible, Condition of Redemption, Stock Price Threshold, Trading Period, Number of Trading Days, Number of Trading Days Immediately Preceding the Date On Which Notice of Redemption is Provided		5
Debt Instrument, Convertible, Condition of Redemption, Stock Price Threshold		130.00%
Debt Instrument, Redemption Price, Percentage		100.00%
0.25% Convertible Senior Notes Due June 2019 [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		0.25%
1¼% Convertible Senior Notes [Member]
Note 8 - Homebuilding Indebtedness (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		1.25%
Debt Instrument, Convertible, Conversion Ratio		24.7787
Debt Instrument, Convertible, Principal Amount Used In Conversion Rate Calculation (in Dollars)		$ 1,000
Debt Instrument, Convertible, Conversion Price (in Dollars per share) | $ / shares		$ 40.36
Debt Instrument, Redemption Price, Percentage		100.00%
7% Senior Notes [Member]
Note 8 - Homebuilding Indebtedness (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	7.00%
Repayments of Notes Payable (in Dollars)	$ 29,800,000
7% Senior Notes [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				7.00%

Note 8 - Homebuilding Indebte67

Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable [Line Items]
Senior Notes	$ 3,462,016	$ 2,108,612
Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable [Line Items]
Senior Notes	3,462,016	2,108,612
7% Senior Notes [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable [Line Items]
Senior Notes		29,771
10¾% Senior Notes [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable [Line Items]
Senior Notes	275,845	270,474
8.4% Senior Notes Due May 2017 [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable [Line Items]
Senior Notes	248,975
8⅜% Senior Notes [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable [Line Items]
Senior Notes	574,058	573,596
1.625% Convertible Senior Notes Due May 2018 [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable [Line Items]
Senior Notes	301,754
0.25% Convertible Senior Notes Due June 2019 [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable [Line Items]
Senior Notes	248,098
6.625% Senior Notes Due May 2020 [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable [Line Items]
Senior Notes	325,882
8⅜% Senior Notes [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable [Line Items]
Senior Notes	394,152	393,093
6¼% Senior Notes [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable [Line Items]
Senior Notes	297,148	296,673
5.375% Senior Notes Due October 2022 [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable [Line Items]
Senior Notes	249,096
5⅞% Senior Notes [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable [Line Items]
Senior Notes	296,598	296,230
1¼% Convertible Senior Notes Due August 2032 [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable [Line Items]
Senior Notes	$ 250,410	$ 248,775

Note 8 - Homebuilding Indebte68

Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable (Parentheticals)	Dec. 31, 2015	Aug. 31, 2015	Dec. 31, 2014
7% Senior Notes [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate		7.00%
7% Senior Notes [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate			7.00%
10¾% Senior Notes [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	10.75%		10.75%
8.4% Senior Notes Due May 2017 [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	8.40%
8⅜% Senior Notes [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	8.375%		8.375%
1.625% Convertible Senior Notes Due May 2018 [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	1.625%
1.625% Convertible Senior Notes Due May 2018 [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	1.625%
0.25% Convertible Senior Notes Due June 2019 [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	0.25%
0.25% Convertible Senior Notes Due June 2019 [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	0.25%
6.625% Senior Notes Due May 2020 [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	6.625%
8⅜% Senior Notes [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	8.375%		8.375%
6¼% Senior Notes [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	6.25%		6.25%
5.375% Senior Notes Due October 2022 [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	5.375%
5⅞% Senior Notes [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	5.875%		5.875%
1¼% Convertible Senior Notes Due August 2032 [Member] | Homebuilding [Member]
Note 8 - Homebuilding Indebtedness (Details) - Senior Notes Payable (Parentheticals) [Line Items]
Interest rate	1.25%		1.25%

Note 8 - Homebuilding Indebte69

Note 8 - Homebuilding Indebtedness (Details) - Maturities of Senior and Convertible Senior Notes Payable $ in Thousands	Dec. 31, 2015USD ($)
Maturities of Senior and Convertible Senior Notes Payable [Abstract]
2,016	$ 302,856
2,017	231,171
2,018	801,136
2,019	268,020
2,020	300,000
Thereafter	1,503,000
Total principal amount	3,406,183
Less: Net (discount) premium	98,399
Less: Debt issuance costs	(16,883)
Total homebuilding debt	$ 3,487,699

Note 9 - Preferred Stock (Detai

Note 9 - Preferred Stock (Details) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Note 9 - Preferred Stock (Details) [Line Items]
Common Stock, Shares, Outstanding	121,286,153	55,028,238
Preferred Stock, Shares Outstanding	0	53,565
Owned by MatlinPatterson [Member]
Note 9 - Preferred Stock (Details) [Line Items]
Common Stock, Shares, Outstanding	42,800,000
Outstanding Common Stock and Preferred Stock Ownership Percentage	59.00%
Stock Issued During Period, Shares, Conversion of Convertible Securities	17,600,000
Outstanding Common Stock Ownership Percentage	35.00%
Owned by MatlinPatterson [Member] | Series B Preferred Stock [Member]
Note 9 - Preferred Stock (Details) [Line Items]
Preferred Stock, Shares Outstanding	0
Owned by MatlinPatterson [Member]
Note 9 - Preferred Stock (Details) [Line Items]
Common Stock, Shares, Outstanding	126,400,000

Note 10 - Mortgage Credit Fac71

Note 10 - Mortgage Credit Facilities (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Financial Services [Member]
Note 10 - Mortgage Credit Facilities (Details) [Line Items]
Warehouse Agreement Borrowings		$ 303,422	$ 89,413
Standard Pacific [Member] | Financial Services [Member]
Note 10 - Mortgage Credit Facilities (Details) [Line Items]
Cash Collateral for Borrowed Securities		4,000
First Lender [Member] | Maturing June 2016 [Member] | Repurchase Facility [Member]
Note 10 - Mortgage Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		200,000
First Lender [Member] | Maturing June 2016 [Member] | Repurchase Facility [Member] | Committed [Member]
Note 10 - Mortgage Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		25,000
First Lender [Member] | Maturing June 2016 [Member] | Repurchase Facility [Member] | Uncommitted [Member]
Note 10 - Mortgage Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		175,000
First Lender [Member] | Maturing January 2016 [Member] | Repurchase Facility [Member]
Note 10 - Mortgage Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 100,000
First Lender [Member] | Maturing January 2017 [Member] | Repurchase Facility [Member] | Subsequent Event [Member] | Uncommitted [Member]
Note 10 - Mortgage Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 200,000
Second Lender [Member] | Maturing April 2016 [Member] | Repurchase Facility [Member] | Subsequent Event [Member]
Note 10 - Mortgage Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 100,000

Note 11 - Disclosures about F72

Note 11 - Disclosures about Fair Value (Details) - Metropolitan District Bond Securities [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Note 11 - Disclosures about Fair Value (Details) [Line Items]
Fair Value Inputs, Average Selling Price of Homes (in Dollars)	$ 400
Minimum [Member]
Note 11 - Disclosures about Fair Value (Details) [Line Items]
Fair Value Inputs, Discount Rate	5.00%
Maximum [Member]
Note 11 - Disclosures about Fair Value (Details) [Line Items]
Fair Value Inputs, Discount Rate	12.00%

Note 11 - Disclosures about F73

Note 11 - Disclosures about Fair Value (Details) - Financial Instruments Measured at Fair Value - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Marketable securities, available-for-sale
Marketable securities, available-for-sale	$ 19,444
Fair Value, Inputs, Level 2 [Member]
Marketable securities, available-for-sale
Mortgage loans held for sale	328,835	$ 176,511
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member]
Marketable securities, available-for-sale
Marketable securities, available-for-sale	9,734
Fair Value, Inputs, Level 3 [Member] | Metropolitan District Bond Securities [Member]
Marketable securities, available-for-sale
Marketable securities, available-for-sale	$ 9,710

Note 11 - Disclosures about F74

Note 11 - Disclosures about Fair Value (Details) - Carrying Values and Estimated Fair Value of Other Financial Instruments - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Homebuilding liabilities:
Senior and convertible senior notes payable, net	$ 3,462,016	$ 2,108,612
Financial Services [Member]
Financial services assets:
Mortgage loans held for investment, net	22,704	14,380
Homebuilding [Member]
Homebuilding liabilities:
Senior and convertible senior notes payable, net	3,462,016	2,108,612
Fair Value, Inputs, Level 2 [Member] | Financial Services [Member]
Financial services assets:
Mortgage loans held for investment, net	22,704	14,380
Mortgage loans held for investment, net	22,704	14,380
Fair Value, Inputs, Level 2 [Member] | Homebuilding [Member]
Homebuilding liabilities:
Senior and convertible senior notes payable, net	3,462,016	2,108,612
Senior and convertible senior notes payable, net	$ 3,675,276	$ 2,337,839

Note 12 - Commitments and Con75

Note 12 - Commitments and Contingencies (Details)	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Note 12 - Commitments and Contingencies (Details) [Line Items]
Non-refundable Cash Deposits	$ 74,100,000
Capitalized Preacquisition and Other Development and Construction Costs	8,500,000
Remaining Purchase Price of Land Purchase and Option Contracts	$ 773,200,000
Number of Joint Ventures The Company Holds Membership Interest In	25
Number of Active Joint Ventures	13
Number of Inactive Joint Ventures	12
Number of Joint Ventures Having Project Specific Non-recourse Debt to the Company	2
Equity Method Investment Summarized Financial Information Non-recourse Debt	$ 33,704,000	$ 30,000,000
Outstanding Joint Venture Surety Bonds	0
Outstanding Surety Bonds	804,300,000
Surety Bonds Cost to Complete	465,100,000
Mortgage Loans In Process	$ 297,000,000
Mortgage Loans In Process, Interest Rate	4.10%
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Mortgage	$ 196,000,000
Mortgage Loans Committed to Sell to Investors	18,300,000
Aggregate Mortgage Loan Repurchase Payments	10,900,000
Mortgage Loans on Real Estate, New Mortgage Loans	10,100,000,000
Mortgage Loan Loss Expense Provision	300,000	500,000	$ 0
Mortgage Loan Repurchase Reserve	3,900,000	2,200,000
Mortgage Loan Repurchase Payments	$ 100,000	$ 500,000	$ 800,000
Number of Loans Repurchased	3	12	9
Operating Leases, Rent Expense	$ 6,500,000	$ 4,400,000	$ 3,800,000
Matures June, 2016 [Member]
Note 12 - Commitments and Contingencies (Details) [Line Items]
Non-recourse Joint Venture Bank Debt Scheduled for Maturity	30,000,000
Matures May 2018 [Member]
Note 12 - Commitments and Contingencies (Details) [Line Items]
Non-recourse Joint Venture Bank Debt Scheduled for Maturity	3,700,000
Closed Mortgage Loans Held for Sale [Member]
Note 12 - Commitments and Contingencies (Details) [Line Items]
Mortgage Loans Expected to Be Originated on a Non-Presold Basis	123,000,000
Mortgage Loans in Process [member]
Note 12 - Commitments and Contingencies (Details) [Line Items]
Mortgage Loans Expected to Be Originated on a Non-Presold Basis	$ 275,400,000

Note 12 - Commitments and Con76

Note 12 - Commitments and Contingencies (Details) - Future Minimum Lease Payments $ in Thousands	Dec. 31, 2015USD ($)
Future Minimum Lease Payments [Abstract]
2,016	$ 8,926
2,017	8,006
2,018	5,887
2,019	4,013
2,020	2,047
Thereafter	585
Total rental obligations	$ 29,464

Note 13 - Income Taxes (Details

Note 13 - Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Note 13 - Income Taxes (Details) [Line Items]
Deferred Tax Assets, Gross	$ 397,350	$ 278,963
Deferred Tax Assets, Valuation Allowance	1,156	2,561
Gross Annual Deduction Limitation on Net Operating Loss Carryforwards	15,600	15,600
Income Tax Expense (Benefit)	128,980	134,099	$ 68,983
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	$ 342,489	349,964	257,698
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%
Unrecognized Tax Benefits	$ 10,631	2,536	$ 472
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	6,900
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	1,300
State and Local Net Operating Loss Carryforwards Limited to Shorter Carryforward Periods [Member]
Note 13 - Income Taxes (Details) [Line Items]
Deferred Tax Assets, Gross	397,400
Subject to Federal and State Net Operating Loss Carryforward Limitations [Member]
Note 13 - Income Taxes (Details) [Line Items]
Deferred Tax Assets, Valuation Allowance	1,200
Deferred Tax Assets, Operating Loss Carryforwards		119,000
Deferred Tax Assets, Operating Loss Carryforwards, Domestic, Before Tax		294,200
Deferred Tax Assets, Operating Loss Carryforwards, State and Local, Before Tax		278,700
Not Limited by Section 382 [Member]
Note 13 - Income Taxes (Details) [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards	45,600	24,700
State and Local Net Operating Loss Carryforwards Limited to Shorter Carryforward Periods [Member]
Note 13 - Income Taxes (Details) [Line Items]
Deferred Tax Assets, Gross		$ 279,000
Subject to Federal and State Net Operating Loss Carryforward Limitations [Member]
Note 13 - Income Taxes (Details) [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards	112,600
Deferred Tax Assets, Operating Loss Carryforwards, Domestic, Before Tax	278,600
Deferred Tax Assets, Operating Loss Carryforwards, State and Local, Before Tax	263,100
Domestic Tax Authority [Member]
Note 13 - Income Taxes (Details) [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	278,600
State and Local Jurisdiction [Member]
Note 13 - Income Taxes (Details) [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	1,200,000
Ryland Group, Inc [Member]
Note 13 - Income Taxes (Details) [Line Items]
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	$ 1,000

Note 13 - Income Taxes (Detai78

Note 13 - Income Taxes (Details) - (Provision) Benefit For Income Taxes - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current (provision) benefit for income taxes:
Federal	$ (83,541)	$ (28,942)	$ 11,766
State	(6,803)	(6,159)	(1,880)
	(90,344)	(35,101)	9,886
Deferred (provision) benefit for income taxes:
Federal	(24,395)	(84,704)	(56,752)
State	(14,241)	(14,294)	(22,117)
	(38,636)	(98,998)	(78,869)
(Provision) benefit for income taxes	$ (128,980)	$ (134,099)	$ (68,983)

Note 13 - Income Taxes (Detai79

Note 13 - Income Taxes (Details) - Components of Net Deferred Income Tax Asset - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Components of Net Deferred Income Tax Asset [Abstract]
Inventory valuation adjustments	$ 98,141	$ 84,443
Financial accruals	129,120	39,653
Federal net operating loss carryforwards	97,507	102,971
State net operating loss carryforwards	60,739	40,731
Tax credit carryforwards	1,246	4,428
Goodwill impairment charges	4,287	7,150
Other, net	6,310	(413)
Total deferred tax asset	397,350	278,963
Less: Valuation allowance	(1,156)	(2,561)
Net deferred tax asset	$ 396,194	$ 276,402

Note 13 - Income Taxes (Detai80

Note 13 - Income Taxes (Details) - Income Tax Reconciliation - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Reconciliation [Abstract]
Income before taxes	$ 342,489	$ 349,964	$ 257,698
(Provision) benefit for income taxes at federal statutory rate	(119,871)	(122,488)	(90,194)
(Increases) decreases in tax resulting from:
State income taxes, net of federal benefit	(11,680)	(12,961)	(9,426)
Net deferred tax asset valuation (allowance) benefit	1,405	2,030	13,115
(Increases) decreases in liability for unrecognized tax benefits	(1,611)	(1,605)	16,105
Nondeductible expenses and credits	(2,164)
Domestic production activities deduction	6,150	1,562
Other, net	(1,209)	(637)	1,417
(Provision) benefit for income taxes	$ (128,980)	$ (134,099)	$ (68,983)
Effective tax rate	37.70%	38.30%	26.80%

Note 13 - Income Taxes (Detai81

Note 13 - Income Taxes (Details) - Unrecognized Tax Benefits - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Unrecognized Tax Benefits [Abstract]
Balance, beginning of the year	$ 2,536	$ 472
Assumed with Ryland merger	6,182
Changes based on tax positions related to the current year	2,060	1,567
Changes for tax position in prior years		497
Reductions due to lapse of statute of limitations	(147)
Balance, end of the year	$ 10,631	$ 2,536

Note 14 - Stock Incentive and82

Note 14 - Stock Incentive and Employee Benefit Plans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Note 14 - Stock Incentive and Employee Benefit Plans (Details) [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 18,183,000	$ 14,134,000	$ 15,053,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years	2 years	1 year 328 days
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Amount	$ 5,000
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 4,700,000	$ 3,600,000	$ 2,800,000
Independent Directors [Member]
Note 14 - Stock Incentive and Employee Benefit Plans (Details) [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Gross (in Shares)	13,498	12,174	9,454
Stock Appreciation Rights (SARs) [Member]
Note 14 - Stock Incentive and Employee Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)	2,200,000	1,300,000	1,300,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Value Per Share Cap (in Dollars per share)	$ 20
Threshold Amount Used to Calculate the Cap Amount of Value Per Share (in Dollars per share)			$ 60
Restricted Stock [Member]
Note 14 - Stock Incentive and Employee Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years	3 years	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)	133,616	94,590	63,529
Stock Options and Stock Appreciation Rights [Member]
Note 14 - Stock Incentive and Employee Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number (in Shares)	4,696,072
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term	2 years 255 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 5,000,000	$ 2,500,000	$ 3,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	37,500,000	$ 12,600,000	$ 23,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	31,600,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	26,800,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	$ 31,600,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)	$ 5.30	$ 4.95	$ 4.30
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 7,216,000	$ 6,777,000	$ 5,260,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 36 days	2 years 36 days	1 year 328 days
Performance Shares [Member]
Note 14 - Stock Incentive and Employee Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)	348,756	45,583	44,691
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 5,117,000	$ 3,267,000	$ 7,320,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years	1 year 255 days	1 year 292 days
Performance Shares [Member] | 2015 PSAs [Member]
Note 14 - Stock Incentive and Employee Benefit Plans (Details) [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 900,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 73 days
Performance Shares [Member] | 2014 PSAs [Member]
Note 14 - Stock Incentive and Employee Benefit Plans (Details) [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 500,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 73 days
Performance Shares [Member] | 2013 PSAs [Member]
Note 14 - Stock Incentive and Employee Benefit Plans (Details) [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 100,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	73 days
Performance Shares [Member] | 2015 TSR PSAs [Member]
Note 14 - Stock Incentive and Employee Benefit Plans (Details) [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 900,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 73 days
Performance Shares [Member] | 2014 TSR PSAs [Member]
Note 14 - Stock Incentive and Employee Benefit Plans (Details) [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 500,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 73 days
Minimum [Member] | Employee Stock Option [Member]
Note 14 - Stock Incentive and Employee Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	5 years
Minimum [Member] | Stock Appreciation Rights (SARs) [Member]
Note 14 - Stock Incentive and Employee Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	5 years
Maximum [Member] | Employee Stock Option [Member]
Note 14 - Stock Incentive and Employee Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Maximum [Member] | Stock Appreciation Rights (SARs) [Member]
Note 14 - Stock Incentive and Employee Benefit Plans (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years

Note 14 - Stock Incentive and83

Note 14 - Stock Incentive and Employee Benefit Plans (Details) - Stock Option And Stock Appreciation Rights Activity - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Stock Option And Stock Appreciation Rights Activity [Abstract]
Outstanding, beginning of year	4,418,308	3,956,373	3,723,276
Outstanding, beginning of year (in Dollars per share)	$ 29.19	$ 27.70	$ 21.05
Granted	2,167,150	1,303,054	1,252,320
Granted (in Dollars per share)	$ 34.32	$ 39.50	$ 42
Exercised	(1,287,216)	(524,185)	(895,865)
Exercised (in Dollars per share)	$ 14.17	$ 18.20	$ 17.75
Canceled	(397,625)	(316,934)	(123,359)
Canceled (in Dollars per share)	$ 48.61	$ 71.20	$ 43.95
Outstanding, end of year	4,900,617	4,418,308	3,956,373
Outstanding, end of year (in Dollars per share)	$ 33.83	$ 29.19	$ 27.70
Exercisable at end of year	2,554,114	1,952,477	1,947,313
Exercisable at end of year (in Dollars per share)	$ 28.90	$ 19.90	$ 21.40
Available for future grant	9,061,407	10,246,013	2,794,218

Note 14 - Stock Incentive and84

Note 14 - Stock Incentive and Employee Benefit Plans (Details) - Stock Options And Stock Appreciation Rights By Exercise Prices Range	12 Months Ended
	Dec. 31, 2015$ / sharesshares
Range 1 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, low	$ 3.35
Exercise price, high	$ 21.45
Number of shares (in Shares) | shares	1,680,292
Weighted average exercise price	$ 19.52
Weighted average remaining contractual life	1 year 251 days
Exercisable shares (in Shares) | shares	1,406,292
Weighted average exercise price, exercisable	$ 19.52
Range 2 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, low	28.35
Exercise price, high	$ 41.16
Number of shares (in Shares) | shares	1,212,111
Weighted average exercise price	$ 38.83
Weighted average remaining contractual life	3 years 361 days
Exercisable shares (in Shares) | shares	280,230
Weighted average exercise price, exercisable	$ 38.83
Range 3 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, low	41.95
Exercise price, high	$ 46.45
Number of shares (in Shares) | shares	2,008,214
Weighted average exercise price	$ 42.77
Weighted average remaining contractual life	2 years 324 days
Exercisable shares (in Shares) | shares	867,592
Weighted average exercise price, exercisable	$ 42.77

Note 14 - Stock Incentive and85

Note 14 - Stock Incentive and Employee Benefit Plans (Details) - Fair Value Assumption	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Fair Value Assumption [Abstract]
Dividend yield	0.00%	0.00%	0.00%
Expected volatility	40.89%	48.44%	57.70%
Risk-free interest rate	0.93%	0.95%	0.36%
Expected life (years)	3 years 6 months	3 years 6 months	3 years 6 months

Note 14 - Stock Incentive and86

Note 14 - Stock Incentive and Employee Benefit Plans (Details) - Unvested Restricted Stock Activity - Restricted Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Note 14 - Stock Incentive and Employee Benefit Plans (Details) - Unvested Restricted Stock Activity [Line Items]
Outstanding, beginning of year	154,143	107,706	68,890
Outstanding, beginning of year	$ 37.55	$ 33.60	$ 21.55
Granted	133,616	94,590	63,529
Granted	$ 41.89	$ 39.20	$ 41.95
Vested	(82,293)	(42,310)	(22,964)
Vested	$ 35.75	$ 31.60	$ 21.55
Canceled	(10,439)	(5,843)	(1,748)
Canceled	$ 41.26	$ 33.65	$ 21.45
Outstanding, end of year	195,027	154,143	107,706
Outstanding, end of year	$ 41.08	$ 37.55	$ 33.60

Note 14 - Stock Incentive and87

Note 14 - Stock Incentive and Employee Benefit Plans (Details) - Performance Share Award Activity - Performance Shares [Member] - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Note 14 - Stock Incentive and Employee Benefit Plans (Details) - Performance Share Award Activity [Line Items]
Outstanding, beginning of year	166,031	120,448	81,002
Outstanding, beginning of year	$ 36.20	$ 29.05	$ 21.45
Granted	348,756	45,583	44,691
Granted	$ 30.46	$ 55.05	$ 41.95
Vested	(316,028)
Vested	$ 22.68
Canceled			(5,245)
Canceled			$ 21.45
Outstanding, end of year	198,759	166,031	120,448
Outstanding, end of year	$ 47.63	$ 36.20	$ 29.05

Note 14 - Stock Incentive and88

Note 14 - Stock Incentive and Employee Benefit Plans (Details) - Compensation Expense - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense recognized	$ 15,624	$ 8,469	$ 9,015
Stock Options and Stock Appreciation Rights [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense recognized	8,709	3,618	3,875
Unrestricted Stock Grants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense recognized	555	480	400
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense recognized	3,261	1,842	1,073
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense recognized	$ 3,099	$ 2,529	$ 3,667

Note 14 - Stock Incentive and89

Note 14 - Stock Incentive and Employee Benefit Plans (Details) - Unrecognized Compensation Expense - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Note 14 - Stock Incentive and Employee Benefit Plans (Details) - Unrecognized Compensation Expense [Line Items]
Unrecognized expense	$ 18,183	$ 14,134	$ 15,053
Weighted average period	2 years	2 years	1 year 328 days
Stock Options and Stock Appreciation Rights [Member]
Note 14 - Stock Incentive and Employee Benefit Plans (Details) - Unrecognized Compensation Expense [Line Items]
Unrecognized expense	$ 7,216	$ 6,777	$ 5,260
Weighted average period	2 years 36 days	2 years 36 days	1 year 328 days
Unrestricted Stock Grants [Member]
Note 14 - Stock Incentive and Employee Benefit Plans (Details) - Unrecognized Compensation Expense [Line Items]
Unrecognized expense	$ 5,850	$ 4,090	$ 2,473
Weighted average period	2 years 36 days	2 years 36 days	2 years
Performance Shares [Member]
Note 14 - Stock Incentive and Employee Benefit Plans (Details) - Unrecognized Compensation Expense [Line Items]
Unrecognized expense	$ 5,117	$ 3,267	$ 7,320
Weighted average period	2 years	1 year 255 days	1 year 292 days

Note 15 - Stockholder Rights 90

Note 15 - Stockholder Rights Plan (Details)	12 Months Ended
	Dec. 31, 2015USD ($)$ / shares
Common Stock Rights Plan [Abstract]
Number of Preferred Stock Purchase Right Granted Per Common Share	1
Beneficial Ownership Threshold	15.00%
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares	$ 100
Percentage of Discount on Then-current Market Value	50.00%
Redemption Rate Per Right (in Dollars) | $	$ 0.005
Expiration of Rights After Separation From Common Shares	3 years

Note 16 - Results of Quarterl91

Note 16 - Results of Quarterly Operations (Unaudited) (Details) - Quarterly Information - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	[1]	Dec. 31, 2014	[1]	Dec. 31, 2013
2015:
Revenues	$ 1,698,198	$ 659,200	$ 707,044	$ 475,671	$ 760,944	$ 611,323	$ 598,850	$ 465,381	$ 3,540,113		$ 2,436,498
Homebuilding gross margin	330,669	159,756	171,941	114,105	182,433	159,060	157,940	118,950	776,471		618,383		$ 469,196
Net income	$ 77,529	$ 47,177	$ 57,198	$ 31,605	$ 64,644	$ 56,599	$ 56,463	$ 38,159	$ 213,509		$ 215,865		$ 188,715
Basic income per common share (in Dollars per share)	$ 0.64	$ 0.65	$ 0.80	$ 0.45	$ 0.88	$ 0.77	$ 0.75	$ 0.50	$ 2.51		$ 2.94		$ 2.59
Diluted income per common share (in Dollars per share)	$ 0.56	$ 0.59	$ 0.70	$ 0.40	$ 0.80	$ 0.70	$ 0.70	$ 0.45	$ 2.26		$ 2.68		$ 2.36
[1]	Per share amounts do not add across due to rounding differences in quarterly amounts and due to the impact of differences between the quarterly and annual weighted average share calculations.

Note 17 - Supplemental Disclo92

Note 17 - Supplemental Disclosure to Consolidated Statements of Cash Flows (Details) - Supplemental Disclosures to Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash paid during the period for:
Interest	$ 180,536	$ 141,527	$ 128,061
Income taxes	81,949	7,297	3,792
Supplemental Disclosure of Noncash Activities:
Increase in assets in connection with merger	2,798,739
Liabilities assumed in connection with business combinations	2,028,332	3,659	4,983
Changes in inventories not owned	34,589	14,074	1,171
Changes in liabilities from inventories not owned	$ 17,099	$ 14,074	$ 1,171

Note 18 - Supplemental Guaran93

Note 18 - Supplemental Guarantor Information (Details) - Condensed Consolidating Statements of Operations - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Homebuilding:
Revenues									$ 3,496,411		$ 2,411,178		$ 1,914,609
Cost of sales									(2,719,940)		(1,792,795)		(1,445,413)
Gross margin	$ 330,669	$ 159,756	$ 171,941	$ 114,105	$ 182,433	$ 159,060	$ 157,940	$ 118,950	776,471	[1]	618,383	[1]	469,196
Selling, general and administrative expenses									(390,710)		(275,861)		(230,691)
Income (loss) from unconsolidated joint ventures									1,966		(668)		949
Interest income (expense), net									0		0		0
Other income (expense									(62,177)		(1,733)		6,815
Homebuilding pretax income									325,550		340,121		246,269
Financial Services:
Financial services pretax income									16,939		9,843		11,429
Income before taxes									342,489		349,964		257,698
Provision for income taxes									(128,980)		(134,099)		(68,983)
Net income	$ 77,529	$ 47,177	$ 57,198	$ 31,605	$ 64,644	$ 56,599	$ 56,463	$ 38,159	213,509	[1]	215,865	[1]	188,715
Consolidation, Eliminations [Member]
Homebuilding:
Revenues									(26,722)
Cost of sales									26,722
Equity income of subsidiaries									(201,261)		(155,943)		(81,140)
Homebuilding pretax income									(201,261)		(155,943)		(81,140)
Financial Services:
Income before taxes									(201,261)		(155,943)		(81,140)
Net income									(201,261)		(155,943)		(81,140)
Parent Company [Member]
Homebuilding:
Revenues									1,234,750		813,423		819,044
Cost of sales									(989,834)		(599,911)		(609,858)
Gross margin									244,916		213,512		209,186
Selling, general and administrative expenses									(145,458)		(101,020)		(94,819)
Income (loss) from unconsolidated joint ventures									540		(71)		1,369
Equity income of subsidiaries									201,261		155,943		81,140
Interest income (expense), net									12,388		13,718		16,419
Other income (expense									(57,629)		(3,954)		7,515
Homebuilding pretax income									256,018		278,128		220,810
Financial Services:
Income before taxes									256,018		278,128		220,810
Provision for income taxes									(42,509)		(62,263)		(32,095)
Net income									213,509		215,865		188,715
Guarantor Subsidiaries [Member]
Homebuilding:
Revenues									1,500,676		1,025,404		826,245
Cost of sales									(1,194,605)		(779,578)		(632,733)
Gross margin									306,071		245,826		193,512
Selling, general and administrative expenses									(185,779)		(131,068)		(111,746)
Income (loss) from unconsolidated joint ventures									269		88		(137)
Interest income (expense), net									(9,374)		(11,497)		(11,651)
Other income (expense									(2,678)		(469)		(321)
Homebuilding pretax income									108,509		102,880		69,657
Financial Services:
Income before taxes									108,509		102,880		69,657
Provision for income taxes									(49,512)		(40,469)		(23,676)
Net income									58,997		62,411		45,981
Non-Guarantor Subsidiaries [Member]
Homebuilding:
Revenues									787,707		572,351		269,320
Cost of sales									(562,223)		(413,306)		(202,822)
Gross margin									225,484		159,045		66,498
Selling, general and administrative expenses									(59,473)		(43,773)		(24,126)
Income (loss) from unconsolidated joint ventures									1,157		(685)		(283)
Interest income (expense), net									(3,014)		(2,221)		(4,768)
Other income (expense									(1,870)		2,690		(379)
Homebuilding pretax income									162,284		115,056		36,942
Financial Services:
Financial services pretax income									16,939		9,843		11,429
Income before taxes									179,223		124,899		48,371
Provision for income taxes									(36,959)		(31,367)		(13,212)
Net income									$ 142,264		$ 93,532		$ 35,159
[1]	Per share amounts do not add across due to rounding differences in quarterly amounts and due to the impact of differences between the quarterly and annual weighted average share calculations.

Note 18 - Supplemental Guaran94

Note 18 - Supplemental Guarantor Information (Details) - Condensed Consolidating Balance Sheet - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Homebuilding:
Cash and equivalents	$ 186,594	$ 212,393	$ 363,291	$ 346,555
Inventories:
Owned	6,069,959	3,255,204
Not owned	83,246	85,153
Investments in unconsolidated joint ventures	132,763	50,111
Deferred income taxes, net	396,194	276,402
Total Assets	8,345,505	4,151,639
Homebuilding:
Senior notes payable	3,462,016	2,108,612
Total Liabilities	4,484,069	2,474,951
Equity:
Total Stockholders' Equity	3,861,436	1,676,688
Total Liabilities and Equity	8,345,505	4,151,639
Homebuilding [Member]
Homebuilding:
Cash and equivalents	151,076	180,428
Restricted cash	35,990	38,222
Inventories:
Owned	6,069,959	3,255,204
Not owned	83,246	85,153
Investments in unconsolidated joint ventures	132,763	50,111
Deferred income taxes, net	396,194	276,402
Goodwill	933,360
Other assets	118,768	38,816
Total Assets	7,921,356	3,924,336
Homebuilding:
Accounts payable	191,681	45,085
Accrued liabilities and intercompany payables	478,793	223,783
Secured project debt and other notes payable	25,683	4,689
Senior notes payable	3,462,016	2,108,612
Total Liabilities	4,158,173	2,382,169
Financial Services [Member]
Homebuilding:
Cash and equivalents	35,518	31,965
Restricted cash	22,914	1,295
Mortgage loans held for sale, net	325,770	174,420
Mortgage loans held for investment, net	22,704	14,380
Inventories:
Other assets	17,243	5,243
Total Assets	424,149	227,303
Homebuilding:
Total Liabilities	325,896	92,782
Financial Services:
Accounts payable and other liabilities	22,474	3,369
Mortgage credit facilities	303,422	89,413
Parent Company [Member]
Homebuilding:
Cash and equivalents	6,387	133,304	175,289	154,722
Inventories:
Total Assets	8,001,295	4,106,700
Homebuilding:
Total Liabilities	4,139,859	2,430,012
Equity:
Total Stockholders' Equity	3,861,436	1,676,688
Total Liabilities and Equity	8,001,295	4,106,700
Parent Company [Member] | Homebuilding [Member]
Homebuilding:
Cash and equivalents	6,387	133,304
Intercompany receivables	2,380,899	1,637,226
Inventories:
Owned	2,524,927	1,059,197
Not owned	32,393	17,360
Investments in unconsolidated joint ventures	5,353	(1,653)
Investments in subsidiaries	1,644,453	957,933
Deferred income taxes, net	405,945	283,890
Goodwill	933,360
Other assets	67,578	19,443
Total Assets	8,001,295	4,106,700
Homebuilding:
Accounts payable	91,873	13,856
Accrued liabilities and intercompany payables	415,803	206,731
Secured project debt and other notes payable	170,167	100,813
Senior notes payable	3,462,016	2,108,612
Total Liabilities	4,139,859	2,430,012
Guarantor Subsidiaries [Member]
Homebuilding:
Cash and equivalents	112,852	1,061	494	114
Inventories:
Total Assets	2,508,439	1,275,545
Homebuilding:
Total Liabilities	1,621,002	885,124
Equity:
Total Stockholders' Equity	887,437	390,421
Total Liabilities and Equity	2,508,439	1,275,545
Guarantor Subsidiaries [Member] | Homebuilding [Member]
Homebuilding:
Cash and equivalents	112,852	1,061
Inventories:
Owned	2,304,305	1,234,233
Not owned	38,925	28,520
Investments in unconsolidated joint ventures	4,330	497
Other assets	48,027	11,234
Total Assets	2,508,439	1,275,545
Homebuilding:
Accounts payable	82,906	16,202
Accrued liabilities and intercompany payables	1,538,096	868,922
Total Liabilities	1,621,002	885,124
Non-Guarantor Subsidiaries [Member]
Homebuilding:
Cash and equivalents	67,355	78,028	$ 187,508	$ 191,719
Inventories:
Total Assets	2,025,022	1,558,550
Homebuilding:
Total Liabilities	1,268,006	991,038
Equity:
Total Stockholders' Equity	757,016	567,512
Total Liabilities and Equity	2,025,022	1,558,550
Non-Guarantor Subsidiaries [Member] | Homebuilding [Member]
Homebuilding:
Cash and equivalents	31,837	46,063
Restricted cash	35,990	38,222
Intercompany receivables	152,505	184,772
Inventories:
Owned	1,240,727	961,774
Not owned	11,928	39,273
Investments in unconsolidated joint ventures	123,080	51,267
Other assets	3,163	8,139
Total Assets	1,599,230	1,329,510
Homebuilding:
Accounts payable	16,902	15,027
Accrued liabilities and intercompany payables	903,761	783,324
Secured project debt and other notes payable	4,061	4,689
Total Liabilities	924,724	803,040
Non-Guarantor Subsidiaries [Member] | Financial Services [Member]
Homebuilding:
Cash and equivalents	35,518	31,965
Restricted cash	22,914	1,295
Mortgage loans held for sale, net	325,770	174,420
Mortgage loans held for investment, net	22,704	14,380
Inventories:
Other assets	18,886	6,980
Total Assets	425,792	229,040
Homebuilding:
Total Liabilities	343,282	187,998
Financial Services:
Accounts payable and other liabilities	39,860	18,585
Mortgage credit facilities	303,422	169,413
Consolidation, Eliminations [Member]
Inventories:
Total Assets	(4,189,251)	(2,789,156)
Homebuilding:
Total Liabilities	(2,544,798)	(1,831,223)
Equity:
Total Stockholders' Equity	(1,644,453)	(957,933)
Total Liabilities and Equity	(4,189,251)	(2,789,156)
Consolidation, Eliminations [Member] | Homebuilding [Member]
Homebuilding:
Intercompany receivables	2,533,404	(1,821,998)
Inventories:
Investments in subsidiaries	(1,644,453)	(957,933)
Deferred income taxes, net	(9,751)	(7,488)
Total Assets	(4,187,608)	(2,787,419)
Homebuilding:
Accrued liabilities and intercompany payables	(2,378,867)	(1,635,194)
Secured project debt and other notes payable	(148,545)	(100,813)
Total Liabilities	(2,527,412)	(1,736,007)
Consolidation, Eliminations [Member] | Financial Services [Member]
Inventories:
Other assets	(1,643)	(1,737)
Total Assets	(1,643)	(1,737)
Homebuilding:
Total Liabilities	(17,386)	(95,216)
Financial Services:
Accounts payable and other liabilities	$ (17,386)	(15,216)
Mortgage credit facilities		$ (80,000)

Note 18 - Supplemental Guaran95

Note 18 - Supplemental Guarantor Information (Details) - Condensed Consolidating Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	$ (271,361)	$ (362,397)	$ (154,216)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures	(91,453)	(10,506)	(24,328)
Distributions of capital from unconsolidated homebuilding joint ventures	19,582	18,010	4,763
Net cash paid for acquisitions		(33,770)	(116,262)
Cash acquired in connection with merger	268,517
Other investing activities	(11,972)	(4,754)	(8,030)
Net cash provided by (used in) investing activities	184,674	(31,020)	(143,857)
Cash Flows From Financing Activities:
Change in restricted cash	652	(16,762)	6,565
Borrowing from revolving credit facility	852,700
Principal payments on revolving credit facility	(852,700)
Principal payments on secured project debt and other notes payable	(2,532)	(1,458)	(8,334)
Principal payments on senior notes payable	(29,789)	(4,971)
Proceeds from the issuance of senior notes payable		300,000	300,000
Payment of debt issuance costs	(1,016)	(6,230)	(5,316)
Net proceeds from (payments on) mortgage credit facilities	110,469	(11,454)	8,708
Repurchases of common stock	(22,073)	(36,781)
Common stock dividend payments	(4,851)
Proceeds from the exercise of stock options	1,000	6,771	13,536
Excess tax benefits from share-based payment arrangements	9,250	13,404
Other financing activities	(222)
Net cash provided by (used in) financing activities	60,888	242,519	314,809
Net increase (decrease) in cash and equivalents	(25,799)	(150,898)	16,736
Cash and equivalents at beginning of year	212,393	363,291	346,555
Cash and equivalents at end of year	186,594	212,393	363,291
Preferred Stock [Member]
Cash Flows From Financing Activities:
Payment of issuance costs in connection with preferred shareholder equity transactions			(350)
Parent Company [Member]
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	(17,201)	(56,158)	163,640
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures			(534)
Distributions of capital from unconsolidated homebuilding joint ventures	641	227
Cash acquired in connection with merger	20,345
Other investing activities	9	(1,571)	(1,946)
Net cash provided by (used in) investing activities	20,995	(1,344)	(2,480)
Cash Flows From Financing Activities:
Borrowing from revolving credit facility	852,700
Principal payments on revolving credit facility	(852,700)
Principal payments on secured project debt and other notes payable	(1,893)		(6,804)
Loan from subsidiary	46,000	100,000
Principal payments on senior notes payable	(29,789)	(4,971)
Proceeds from the issuance of senior notes payable		300,000	300,000
Payment of debt issuance costs	(1,016)	(6,230)	(5,316)
(Contributions to) distributions from Corporate and subsidiaries	13,873	8,350	(11,691)
Repurchases of common stock	(22,073)	(36,781)
Common stock dividend payments	(4,851)
Proceeds from the exercise of stock options	1,000	6,771	13,536
Excess tax benefits from share-based payment arrangements	9,250	13,404
Intercompany advances, net	(141,212)	(365,026)	(429,968)
Net cash provided by (used in) financing activities	(130,711)	15,517	(140,593)
Net increase (decrease) in cash and equivalents	(126,917)	(41,985)	20,567
Cash and equivalents at beginning of year	133,304	175,289	154,722
Cash and equivalents at end of year	6,387	133,304	175,289
Parent Company [Member] | Preferred Stock [Member]
Cash Flows From Financing Activities:
Payment of issuance costs in connection with preferred shareholder equity transactions			(350)
Guarantor Subsidiaries [Member]
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	(107,470)	(118,941)	(172,687)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures			(50)
Distributions of capital from unconsolidated homebuilding joint ventures	75	228	244
Net cash paid for acquisitions		(36,047)	(27,113)
Cash acquired in connection with merger	238,034
Other investing activities	(4,310)	(1,351)	(3,768)
Net cash provided by (used in) investing activities	233,799	(37,170)	(30,687)
Cash Flows From Financing Activities:
(Contributions to) distributions from Corporate and subsidiaries	(31,719)
Other financing activities	(95)
Intercompany advances, net	17,276	156,678	203,754
Net cash provided by (used in) financing activities	(14,538)	156,678	203,754
Net increase (decrease) in cash and equivalents	111,791	567	380
Cash and equivalents at beginning of year	1,061	494	114
Cash and equivalents at end of year	112,852	1,061	494
Non-Guarantor Subsidiaries [Member]
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	(146,690)	(187,298)	(145,169)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures	(91,453)	(10,506)	(23,744)
Distributions of capital from unconsolidated homebuilding joint ventures	18,866	17,555	4,519
Net cash paid for acquisitions		2,277	(89,149)
Cash acquired in connection with merger	10,138
Loan to parent and subsidiaries	34,000	(180,000)
Other investing activities	(7,671)	(1,832)	(2,316)
Net cash provided by (used in) investing activities	(36,120)	(172,506)	(110,690)
Cash Flows From Financing Activities:
Change in restricted cash	652	(16,762)	6,565
Principal payments on secured project debt and other notes payable	(639)	(1,458)	(1,530)
Net proceeds from (payments on) mortgage credit facilities	30,469	68,546	8,708
(Contributions to) distributions from Corporate and subsidiaries	17,846	(8,350)	11,691
Other financing activities	(127)
Intercompany advances, net	123,936	208,348	226,214
Net cash provided by (used in) financing activities	172,137	250,324	251,648
Net increase (decrease) in cash and equivalents	(10,673)	(109,480)	(4,211)
Cash and equivalents at beginning of year	78,028	187,508	191,719
Cash and equivalents at end of year	67,355	78,028	$ 187,508
Consolidation, Eliminations [Member]
Cash Flows From Investing Activities:
Loan to parent and subsidiaries	(34,000)	180,000
Net cash provided by (used in) investing activities	(34,000)	180,000
Cash Flows From Financing Activities:
Loan from subsidiary	(46,000)	(100,000)
Net proceeds from (payments on) mortgage credit facilities	80,000	(80,000)
Net cash provided by (used in) financing activities	$ 34,000	$ (180,000)

Uncategorized Items - caa-20151

Label	Element	Value
Financial services restricted cash at end of year	caa_FinancialServicesRestrictedCashAtEndOfPeriod	$ 22,914,000
Financial services restricted cash at end of year	caa_FinancialServicesRestrictedCashAtEndOfPeriod	1,295,000
Financial services restricted cash at end of year	caa_FinancialServicesRestrictedCashAtEndOfPeriod	1,295,000
Cash and equivalents and restricted cash at end of year	caa_CashAndEquivalentsAndRestrictedCashAtEndOfPeriod	245,498,000
Cash and equivalents and restricted cash at end of year	caa_CashAndEquivalentsAndRestrictedCashAtEndOfPeriod	251,910,000
Cash and equivalents and restricted cash at end of year	caa_CashAndEquivalentsAndRestrictedCashAtEndOfPeriod	386,046,000
Homebuilding restricted cash at end of year	caa_HomebuildingRestrictedCashAtEndOfPeriod	35,990,000
Homebuilding restricted cash at end of year	caa_HomebuildingRestrictedCashAtEndOfPeriod	38,222,000
Homebuilding restricted cash at end of year	caa_HomebuildingRestrictedCashAtEndOfPeriod	$ 21,460,000