CalAtlantic (CAA) 10-Q 28 Jul 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 27, 2017
Document Information [Line Items]
Entity Registrant Name	CalAtlantic Group, Inc.
Entity Central Index Key	878,560
Trading Symbol	caa
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	Yes
Entity Common Stock, Shares Outstanding (in shares)		110,204,545
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Homebuilding:
Home sale revenues	$ 1,620,614	$ 1,558,701	$ 2,958,313	$ 2,737,866
Land sale revenues	500	19,661	500	26,179
Total revenues	1,621,114	1,578,362	2,958,813	2,764,045
Cost of home sales	(1,297,249)	(1,217,793)	(2,360,104)	(2,149,921)
Cost of land sales	(7)	(19,212)	(7)	(25,579)
Total cost of sales	(1,297,256)	(1,237,005)	(2,360,111)	(2,175,500)
Gross margin	323,858	341,357	598,702	588,545
Selling, general and administrative expenses	(173,997)	(165,694)	(330,273)	(302,395)
Income (loss) from unconsolidated joint ventures	446	223	4,334	1,412
Other income (expense)	(2,675)	(4,415)	(2,844)	(7,823)
Homebuilding pretax income	147,632	171,471	269,919	279,739
Financial Services:
Revenues	20,277	20,539	40,233	38,091
Expenses	(11,661)	(12,393)	(24,036)	(23,009)
Financial services pretax income	8,616	8,146	16,197	15,082
Income before taxes	156,248	179,617	286,116	294,821
Provision for income taxes	(57,254)	(66,857)	(104,502)	(109,400)
Net income	98,994	112,760	181,614	185,421
Less: Net income allocated to unvested restricted stock	(408)	(251)	(705)	(350)
Net income available to common stockholders	$ 98,586	$ 112,509	$ 180,909	$ 185,071
Income Per Common Share:
Basic (in dollars per share)	$ 0.87	$ 0.95	$ 1.59	$ 1.55
Diluted (in dollars per share)	$ 0.75	$ 0.83	$ 1.38	$ 1.36
Weighted Average Common Shares Outstanding:
Basic (in shares)	113,689,435	118,419,937	114,086,136	119,617,438
Diluted (in shares)	131,636,412	136,088,146	132,079,976	137,277,899
Cash Dividends Declared Per Common Share (in dollars per share)	$ 0.04	$ 0.04	$ 0.08	$ 0.08

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net income	$ 98,994	$ 112,760	$ 181,614	$ 185,421
Other comprehensive income, net of tax:
Unrealized gain on marketable securities, available for sale				39
Total comprehensive income	$ 98,994	$ 112,760	$ 181,614	$ 185,460

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Inventories:
Owned	$ 6,654,990	$ 6,438,792
Total assets	8,866,796	8,709,044
Cash and equivalents	215,694	208,127
LIABILITIES AND EQUITY
Total liabilities	4,620,426	4,501,458
Stockholders' Equity:
Preferred stock, $0.01 par value; 10,000,000 shares authorized; none issued and outstanding at June 30, 2017 and December 31, 2016
Common stock, $0.01 par value; 600,000,000 shares authorized; 110,204,353 and 114,429,297 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	1,102	1,144
Additional paid-in capital	3,060,402	3,204,835
Accumulated earnings	1,174,374	1,001,779
Accumulated other comprehensive income (loss), net of tax	(172)	(172)
Total Stockholders' Equity	4,235,706	4,207,586
Noncontrolling Interest	10,664
Total Equity	4,246,370	4,207,586
Total Liabilities and Equity	8,866,796	8,709,044
Homebuilding [Member]
Inventories:
Owned	6,654,990	6,438,792
Not owned	86,618	66,267
Investments in unconsolidated joint ventures	125,768	127,127
Deferred income taxes, net of valuation allowance of $1,925 and $2,456 at June 30, 2017 and December 31, 2016, respectively	312,471	330,378
Goodwill	985,185	970,185
Other assets	233,785	204,489
Total assets	8,599,017	8,356,645
Cash and equivalents	167,833	191,086
Restricted cash	32,367	28,321
LIABILITIES AND EQUITY
Accounts payable	146,383	211,780
Accrued liabilities	542,568	599,905
Revolving credit facility
Secured project debt and other notes payable	27,041	27,579
Senior notes payable	3,735,232	3,392,208
Total liabilities	4,451,224	4,231,472
Financial Services [Member]
Mortgage loans held for investment, net	25,613	24,924
Inventories:
Other assets	17,750	26,666
Total assets	267,779	352,399
Cash and equivalents	47,861	17,041
Restricted cash	21,375	21,710
Mortgage loans held for sale, net	155,180	262,058
Accounts payable and other liabilities	19,374	22,559
Mortgage credit facility	149,828	247,427
LIABILITIES AND EQUITY
Total liabilities	$ 169,202	$ 269,986

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	600,000,000	600,000,000
Common stock, shares issued (in shares)	110,204,353	114,429,297
Common stock, shares outstanding (in shares)	110,204,353	114,429,297
Homebuilding [Member]
Deferred income taxes, valuation allowance	$ 1,925	$ 2,456

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash Flows From Operating Activities:
Net income	$ 181,614,000	$ 185,421,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
(Income) loss from unconsolidated joint ventures	(4,334,000)	(1,412,000)
Depreciation and amortization	27,672,000	27,428,000
Amortization of stock-based compensation	9,216,000	7,512,000
Deferred income tax provision	14,866,000	4,315,000
Other operating activities	3,104,000	97,000
Changes in cash and equivalents due to:
Mortgage loans held for sale	106,893,000	136,903,000
Inventories - owned	(178,314,000)	(271,304,000)
Inventories - not owned	(34,472,000)	(19,254,000)
Other assets	(13,043,000)	(1,758,000)
Accounts payable	(65,397,000)	24,080,000
Accrued liabilities	(47,213,000)	(28,414,000)
Net cash provided by (used in) operating activities	592,000	63,614,000
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures	(25,002,000)	(22,592,000)
Distributions of capital from unconsolidated homebuilding joint ventures	8,045,000	8,115,000
Net cash paid for acquisitions	(44,477,000)
Other investing activities	(9,793,000)	(4,166,000)
Net cash provided by (used in) investing activities	(71,227,000)	(18,643,000)
Cash Flows From Financing Activities:
Change in restricted cash	(3,711,000)	6,063,000
Borrowings from revolving credit facility	264,450,000	693,700,000
Principal payments on revolving credit facility	(264,450,000)	(693,700,000)
Principal payments on secured project debt and other notes payable	(615,000)	(10,169,000)
Principal payment on senior notes payable	(230,000,000)
Proceeds from the issuance of senior notes payable	579,125,000	300,000,000
Payment of debt issuance costs	(4,595,000)	(2,195,000)
Net proceeds from (payments on) mortgage credit facility	(97,599,000)	(128,908,000)
Repurchases of common stock	(150,014,000)	(99,829,000)
Common stock dividend payments	(9,019,000)	(9,527,000)
Issuance of common stock under employee stock plans, net of tax withholdings	(5,303,000)	1,069,000
Other financing activities	(67,000)	(199,000)
Net cash provided by (used in) financing activities	78,202,000	56,305,000
Net increase (decrease) in cash and equivalents	7,567,000	101,276,000
Cash and equivalents at beginning of period	208,127,000	186,594,000
Cash and equivalents at end of period	215,694,000	287,870,000
Cash and Cash Equivalents, at Carrying Value	$ 208,127,000	$ 186,594,000

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Basis of Accounting [Text Block]	1. Basis of Presentation The accompanying condensed consolidated financial statements have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") for Form 10 June 30, 2017 The unaudited condensed consolidated financial statements included herein should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10 December 31, 2016. not

Note 2 - Recent Accounting Pron

Note 2 - Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Recent Accounting Pronouncements [Text Block]	2. Recent Accounting Pronouncements In May 2014, No. 2014 09, Revenue from Contracts with Customers 2014 09" 2014 09, August 2015, No. 2015 14, Revenue from Contracts with Customers (Topic 606 2014 09 one 2014 09 December 15, 2017, not not 2014 09 2014 09 may In January 2016, No. 2016 01, Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities 2016 01" not not not not 820, Fair Value Measurements may 2016 01 December 15, 2017. In March 2016, No. 2016 02, Leases 2016 02" 2016 02 12 2016 02 December 15, 2018. In March 2016, No. 2016 07, Investments- Equity Method and Joint Ventures: Simplifying the Transition to the Equity Method of Accounting 2016 07" 2016 07 January 1, 2017 not In March 2016, No. 2016 09, Compensation — Stock Compensation: Improvements to Employee Share-Based Payment Accounting 2016 09" 2016 09 January 1, 2017, 2016 09 not 2016 09 not In August 2016, No. 2016 15, Statement of Cash Flows (Topic 230 2016 15" 2016 15 December 15, 2017, not 2016 15 In November 2016, No. 2016 18, Statement of Cash Flows (Topic 230 2016 18" 2016 18 December 15, 2017, no In January 2017, No. 2017 01, Business Combinations: Clarifying the Definition of a Business 2017 01" 2017 01 December 15, 2017, not 2017 01 may In January 2017, No. 2017 04, Intangibles - Goodwill and Other (Topic 350 2017 04" not 2017 04 December 15, 2019, 2017 04 January 1, 2017. 2017 04 not

Note 3 - Segment Reporting

Note 3 - Segment Reporting	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	3. Segment Reporting We operate two Our homebuilding operations acquire and develop land and construct and sell single-family attached and detached homes. In accordance with ASC Topic 280, Segment Reporting 280" four four Our mortgage financing operation, CalAtlantic Mortgage, provides mortgage financing to many of our homebuyers in substantially all of the markets in which we operate, and sells substantially all of the loans it originates in the secondary mortgage market. Our title, escrow and insurance subsidiaries provide title, escrow and insurance services to homebuyers in many of our markets. Our mortgage financing, title, escrow and insurance services operations are included in our financial services reportable segment, which is separately reported in our condensed consolidated financial statements under "Financial Services." Corporate is a non-operating segment that develops and implements strategic initiatives and supports our operating segments by centralizing key administrative functions such as accounting, finance and treasury, information technology, insurance and risk management, litigation, marketing and human resources. Corporate also provides the necessary administrative functions to support us as a publicly traded company. All of the expenses incurred by Corporate are allocated to each of our four Segment financial information relating to the Company’s homebuilding operations was as follows: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (Dollars in thousands) Homebuilding revenues: North $ 331,071 $ 241,274 $ 565,847 $ 427,829 Southeast 429,269 386,836 780,372 664,318 Southwest 406,636 433,603 742,851 776,637 West 454,138 516,649 869,743 895,261 Total homebuilding revenues $ 1,621,114 $ 1,578,362 $ 2,958,813 $ 2,764,045 Homebuilding pretax income (1): North $ 29,732 $ 17,980 $ 48,597 $ 27,550 Southeast 31,885 31,772 55,601 52,822 Southwest 38,932 46,907 69,109 73,833 West 47,083 74,812 96,612 125,534 Total homebuilding pretax income $ 147,632 $ 171,471 $ 269,919 $ 279,739 Homebuilding income (loss) from unconsolidated joint ventures: North $ 155 $ 67 $ 447 $ 374 Southeast ― (19 ) ― 437 Southwest 154 257 263 824 West 137 (82 ) 3,624 (223 ) Total homebuilding income (loss) from unconsolidated joint ventures $ 446 $ 223 $ 4,334 $ 1,412 ( 1 Homebuilding pretax income includes depreciation and amortization expense of $2.2 $4.2 $3.0 $5.5 June 30, 2017 $1.5 $4.2 $3.2 $6.5 June 30, 2016. $3.6 $7.7 $5.5 $10.8 six June 30, 2017 $2.7 $7.0 $5.9 $11.8 six June 30, 2016. Segment financial information relating to the Company’s homebuilding assets was as follows: June 30, December 31, 2017 2016 (Dollars in thousands) Homebuilding assets: North $ 1,279,502 $ 1,181,544 Southeast 2,342,138 2,253,289 Southwest 1,839,474 1,842,869 West 2,537,127 2,500,163 Corporate 600,776 578,780 Total homebuilding assets $ 8,599,017 $ 8,356,645 Homebuilding investments in unconsolidated joint ventures: North $ 5,726 $ 5,691 Southeast 162 334 Southwest 5,393 6,085 West 114,487 115,017 Total homebuilding investments in unconsolidated joint ventures $ 125,768 $ 127,127

Note 4 - Earnings Per Common Sh

Note 4 - Earnings Per Common Share	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	4. Earnings Per Common Share We compute earnings per share in accordance with ASC Topic 260, Earnings per Share 260" two two two two 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 unvested restricted stock are classified as participating securities in accordance with ASC 260. 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 two Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (Dollars in thousands, except per share amounts) Numerator: Net income $ 98,994 $ 112,760 $ 181,614 $ 185,421 Less: Net income allocated to unvested restricted stock (408 ) (251 ) (705 ) (350 ) Net income available to common stockholders for basic earnings per common share 98,586 112,509 180,909 185,071 Effect of dilutive securities: Interest on 1.625% convertible senior notes due 2018 94 91 468 453 Interest on 0.25% convertible senior notes due 2019 85 82 423 410 Interest on 1.25% convertible senior notes due 2032 64 62 320 310 Net income available to common stock for diluted earnings per share $ 98,829 $ 112,744 $ 182,120 $ 186,244 Denominator: Weighted average basic common shares outstanding 113,689,435 118,419,937 114,086,136 119,617,438 Effect of dilutive securities: Share-based awards 821,628 583,264 868,491 575,516 1.625% convertible senior notes due 2018 7,171,943 7,163,865 7,171,943 7,163,865 0.25% convertible senior notes due 2019 3,641,157 3,637,091 3,641,157 3,637,091 1.25% convertible senior notes due 2032 6,312,249 6,283,989 6,312,249 6,283,989 Weighted average diluted shares outstanding 131,636,412 136,088,146 132,079,976 137,277,899 Income per common share: Basic $ 0.87 $ 0.95 $ 1.59 $ 1.55 Diluted $ 0.75 $ 0.83 $ 1.38 $ 1.36

Note 5 - Stock-based Compensati

Note 5 - Stock-based Compensation	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	5. Stock-Based Compensation We account for share-based awards in accordance with ASC Topic 718, Compensation – Stock Compensation 718" 718 Total compensation expense recognized related to stock-based compensation was $4.9 $3.7 three June 30, 2017 2016, six June 30, 2017 2016, $9.2 $7.5 June 30, 2017, $36.6 2.1years.

Note 6 - Cash and Equivalents a

Note 6 - Cash and Equivalents and Restricted Cash	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Restricted Cash and Cash Equivalents [Text Block]	6. 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 June 30, 2017, $80.6 five At June 30, 2017, $32.4 June 30, 2017 $17.7 $3.0 $0.7 third

Note 7 - Marketable Securities,

Note 7 - Marketable Securities, Available-for-sale	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Cash, Cash Equivalents, and Marketable Securities [Text Block]	7. 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 condensed consolidated balance sheets. As defined in ASC Topic 320, Investments—Debt and Equity Securities 320" June 30, 2017, $172,000 $173,000 six June 30, 2017, 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 June 30, 2017, The following table displays the fair values of marketable securities, available-for-sale, by type of security: June 30, 2017 December 31, 2016 Amortized Cost Gross Unrealized Losses Estimated Fair Value Amortized Cost Gross Unrealized Losses Estimated Fair Value (Dollars in thousands) Type of security: Municipal bond and metropolitan district securities $ 24,994 $ (465 ) $ 24,529 $ 18,563 $ (465 ) $ 18,098 The following table displays the fair values of marketable securities, available-for-sale, by contractual maturity: June 30, 2017 (Dollars in thousands) Contractual maturity: Maturing in one year or less $ ― Maturing after three years 24,529 Total marketable securities, available-for-sale $ 24,529

Note 8 - Inventories

Note 8 - Inventories	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Inventory Disclosure [Text Block]	8. Inventories a. Inventories Owned Inventories owned consisted of the following at: June 30, 2017 North Southeast Southwest West Total (Dollars in thousands) Land and land under development (1) $ 356,324 $ 1,079,342 $ 434,607 $ 1,286,105 $ 3,156,378 Homes completed and under construction 514,386 789,607 890,181 847,383 3,041,557 Model homes 59,446 130,048 113,436 154,125 457,055 Total inventories owned $ 930,156 $ 1,998,997 $ 1,438,224 $ 2,287,613 $ 6,654,990 December 31, 2016 North Southeast Southwest West Total (Dollars in thousands) Land and land under development (1) $ 445,245 $ 1,177,646 $ 594,585 $ 1,410,264 $ 3,627,740 Homes completed and under construction 327,421 585,938 710,509 680,241 2,304,109 Model homes 79,306 132,968 116,575 178,094 506,943 Total inventories owned $ 851,972 $ 1,896,552 $ 1,421,669 $ 2,268,599 $ 6,438,792 ( 1 During the six June 30, 2017, $427.7 6,651 33% 30% 17% 20% December 31, 2016, $960.8 13,566 25% 25% 24% 26% In accordance with ASC Topic 360, Property, Plant, and Equipment 360" may June 30, 2017 2016, 870 876, three June 30, 2017 2016, not During the three June 30, 2017, 19 $44.5 805, Business Combinations $25.7 $3.9 not $15.0 $0.1 June 30, 2017, not b. Inventories Not Inventories not June 30, 2017 December 31, 2016 810, Consolidation 810" not may not may 810,

Note 9 - Capitalization of Inte

Note 9 - Capitalization of Interest	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Home Building Interest [Text Block]	9. Capitalization of Interest We follow the practice of capitalizing interest to inventories owned during the period of development and to investments in unconsolidated homebuilding and land development joint ventures in accordance with ASC Topic 835, Interest 835" third 835, six June 30, 2017 2016, six June 30, 2017 2016 835. The following is a summary of homebuilding interest capitalized to inventories owned and investments in unconsolidated joint ventures, amortized to cost of sales and income (loss) from unconsolidated joint ventures and expensed as interest expense, for the three six June 30, 2017 2016: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (Dollars in thousands) Total interest incurred (1) $ 52,168 $ 55,610 $ 103,873 $ 118,335 Less: Interest capitalized to inventories owned (1) (51,338 ) (54,564 ) (102,213 ) (116,409 ) Less: Interest capitalized to investments in unconsolidated joint ventures (830 ) (1,046 ) (1,660 ) (1,926 ) Interest expense $ ― $ ― $ ― $ ― Interest previously capitalized to inventories owned, included in cost of home sales $ 52,347 $ 40,528 $ 91,775 $ 70,731 Interest previously capitalized to inventories owned, included in cost of land sales $ ― $ 1,302 $ ― $ 1,481 Interest previously capitalized to investments in unconsolidated joint ventures, included in income (loss) from unconsolidated joint ventures $ 8 $ ― $ 8 $ ― Interest capitalized in ending inventories owned (2) $ 376,638 $ 350,210 $ 376,638 $ 350,210 Interest capitalized as a percentage of inventories owned 5.7 % 5.5 % 5.7 % 5.5 % Interest capitalized in ending investments in unconsolidated joint ventures (2) $ 4,515 $ 4,313 $ 4,515 $ 4,313 Interest capitalized as a percentage of investments in unconsolidated joint ventures 3.6 % 2.9 % 3.6 % 2.9 % ( 1 Total interest incurred and interest capitalized to inventories owned during the six June 30, 2016 $9 1.625% 2016 first ( 2 During the three six June 30, 2017, $0 $0.5

Note 10 - Investments in Uncons

Note 10 - Investments in Unconsolidated Land Development and Homebuilding Joint Ventures	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	10. Investments in Unconsolidated Land Development and Homebuilding Joint Ventures Income (loss) from unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations represents our share of the income (loss) of our unconsolidated land development and homebuilding joint ventures, which is allocated based on the provisions of the underlying joint venture operating agreements less any additional impairments, if any, recorded against our investments in joint ventures which we do not third During each of the six June 30, 2017 2016, no six June 30, 2017 2016. Our investments in unconsolidated joint ventures may 810 June 30, 2017, one 2017 first 810, 810 not not not 2017 first 810, $10.7 June 30, 2017.

Note 11 - Warranty Costs

Note 11 - Warranty Costs	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	11. Warranty Costs Estimated future direct warranty costs are accrued and charged to cost of sales in the period when the related homebuilding revenues are recognized. Amounts accrued are based upon historical experience. Indirect warranty overhead salaries and related costs are charged to cost of sales in the period incurred. We assess the adequacy of our warranty accrual on a quarterly basis and adjust the amounts recorded if necessary. Our warranty accrual is included in accrued liabilities in the accompanying condensed consolidated balance sheets. Changes in our warranty accrual are detailed in the table set forth below: Six Months Ended June 30, 2017 2016 (Dollars in thousands) Warranty accrual, beginning of the period $ 43,932 $ 40,691 Warranty costs accrued during the period 10,699 10,823 Warranty costs paid during the period (11,986 ) (9,941 ) Warranty accrual, end of the period $ 42,645 $ 41,573

Note 12 - Revolving Credit Faci

Note 12 - Revolving Credit Facility and Letter of Credit Facilities	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Line of Credit Facility [Text Block]	12. Revolving Credit Facility and Letter of Credit Facilities As of June 30, 2017, $750 $350 October 2019. may $1.2 1.23% June 30, 2017) 1.75%, 4.25% June 30, 2017) 0.75%. In addition to customary representations and warranties, the facility contains financial and other covenants, including a minimum tangible net worth requirement of $1.65 2.00 1.00 not not four 1.25 1.00. June 30, 2017. June 30, 2017, no $94.7 $655.3 As of June 30, 2017, $350 four $48.0 $25.9 October 2017 August 2020. June 30, 2017, $26.4 may

Note 13 - Secured Project Debt

Note 13 - Secured Project Debt and Other Notes Payable	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	13. Secured Project Debt and Other Notes Payable Our secured project debt and other notes payable consist of seller non-recourse financing and community development district and similar assessment district bond financings used to finance land acquisition, development and infrastructure costs for which we are responsible. At June 30, 2017, $27.0

Note 14 - Senior Notes Payable

Note 14 - Senior Notes Payable	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Long-term Debt [Text Block]	14. Senior Notes Payable Senior notes payable consisted of the following at: June 30, December 31, 2017 2016 (Dollars in thousands) 8.4% Senior Notes due May 2017 $ ― $ 235,175 8.375% Senior Notes due May 2018 574,695 574,501 1.625% Convertible Senior Notes due May 2018 221,916 220,236 0.25% Convertible Senior notes due June 2019 256,616 253,777 6.625% Senior Notes due May 2020 316,923 319,909 8.375% Senior Notes due January 2021 395,804 395,246 6.25% Senior Notes due December 2021 297,861 297,623 5.375% Senior Notes due October 2022 249,297 249,230 5.875% Senior Notes due November 2024 426,633 296,982 5.25% Senior Notes due June 2026 395,204 297,483 5.00% Senior Notes due June 2027 347,419 ― 1.25% Convertible Senior Notes due August 2032 252,864 252,046 $ 3,735,232 $ 3,392,208 The carrying amount of our senior notes listed above are net of debt issuance costs and any discounts and premiums that are amortized to interest costs over the respective terms of the notes. The Company's 1.625% 2018 1.625% 1.625% May 15, 2018, may 1.625% 31.8753 $1,000 $31.37 may not 1.625% The Company's 0.25% 2019 0.25% 0.25% June 1, 2019, may 0.25% 13.6118 $1,000 $73.47 may not 0.25% June 6, 2017. may 0.25% 20 not 30 5 30 130 100 0.25% The Company's 1.25% 2032 1.25% 1.25% August 1, 2032, may 1.25% 24.9496 $1,000 $40.08 may not 1.25% August 5, 2017. August 5, 2017 may 1.25% 100% 1.25% August 1, 2017, August 1, 2022 August 1, 2027, 1.25% may 1.25% 100% 1.25% 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, including, but not June 30, 2017, Many of our 100% in compliance with the indenture, and such Guarantor Subsidiary ceases to guaranty any other debt of the Company. Please see Note 20 In April 2017, $225 $125 5.875% 2024 $100 5.25% 2026, $230 8.4% May 2017. During June 2017, $350 5.00% 2027, 1.25% August 2032 August 7, 2017.

Note 15 - Mortgage Credit Facil

Note 15 - Mortgage Credit Facility	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Disclosure of Warehouse Agreement Borrowings [Text Block]	15. Mortgage Credit Facility At June 30, 2017, $149.8 $300 one June 2018. $3.0 June 30, 2017, not June 30, 2017,

Note 16 - Disclosures About Fai

Note 16 - Disclosures About Fair Value	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	16. Disclosures about Fair Value ASC Topic 820, Fair Value Measurements and Disclosures 820" 820 820 three • Level 1 identical • Level 2 similar not • Level 3 one unobservable Financial instruments measured at fair value on a recurring basis: Fair Value at Description Fair Value Hierarchy June 30, 2017 December 31, 2016 (Dollars in thousands) Marketable securities, available-for-sale Municipal debt securities Level 2 $ 9,387 $ 9,387 Metropolitan district bond securities Level 3 $ 15,142 $ 8,711 Mortgage loans held for sale Level 2 $ 158,804 $ 265,542 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, which uses Level 2 3 1 2 3 Mortgage loans held for sale Mortgage loans held for sale first third Financial instruments for which we have not 825: June 30, 2017 December 31, 2016 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 $ 25,613 $ 25,613 $ 24,924 $ 24,924 Homebuilding liabilities: Senior and convertible senior notes payable, net Level 2 $ 3,735,232 $ 4,014,703 $ 3,392,208 $ 3,617,838 Mortgage Loans Held for Investment – Senior Notes Payable – The fair value of our cash and equivalents, restricted cash, accounts payable and accrued liabilities, secured project debt and other notes payable, revolving credit facility, and mortgage credit facility approximate their carrying amounts due to the short-term nature and/or variable interest rate attribute of these assets and liabilities.

Note 17 - Commitments and Conti

Note 17 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	17. Commitments and Contingencies a. Land Purchase and Option Agreements We are subject to obligations associated with entering into contracts for the purchase of land and improved homesites. These purchase contracts typically require us to provide a cash deposit or deliver a letter of credit in favor of the seller, and our purchase of properties under these contracts is generally contingent upon satisfaction of certain requirements by the sellers, including obtaining applicable property and development entitlements. We also utilize option contracts with land sellers as a method of acquiring land in staged takedowns, to help us manage the financial and market risk associated with land holdings, and to reduce the near-term use of funds from our corporate financing sources. Option contracts generally require a non-refundable deposit for the right to acquire lots over a specified period of time at predetermined prices. We generally have the right at our discretion to terminate our obligations under both purchase contracts and option contracts by forfeiting our cash deposit or by repaying amounts drawn under a letter of credit provided by us with no In some instances, we may not June 30, 2017, $76.9 $31.9 $1,058.3 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 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 June 30, 2017, 27 13 14 two $30.2 September 2017. June 30, 2017, no c. Surety Bonds We obtain surety bonds in the normal course of business to ensure completion of the infrastructure of our communities. At June 30, 2017, $947.5 $500.3 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 facility for a short period of time (typically for 30 45 $338.6 June 30, 2017 3.6%. June 30, 2017, $154.8 $23.4 June 30, 2017, $315.2 third 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 six June 30, 2017 2016, $0.1 $0.1 June 30, 2017 December 31, 2016, $3.7 six June 30, 2017 2016, $0 $0.1 e. Insurance and Litigation Accruals Insurance and litigation accruals are established with respect to estimated future claims cost. We maintain general liability insurance designed to protect us against a portion of our risk of loss from construction-related claims. We also generally require our subcontractors and design professionals to indemnify us for liabilities arising from their work, subject to various limitations. However, such indemnity is significantly limited with respect to certain subcontractors that are added to our general liability insurance policy. We record allowances to cover the estimated costs of our self-insurance liability based on an analysis performed by an independent third June 30, 2017 December 31, 2016 $232.8 $233.5

Note 18 - Income Taxes

Note 18 - Income Taxes	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	18. Income Taxes We account for income taxes in accordance with ASC Topic 740, Income Taxes 740" 740 Each quarter we assess our deferred tax asset to determine whether all or any portion of the asset is more likely than not 740. not Our 2017 second $57.3 $156.2 June 30, 2017, $314.4 $1.9 $96.1 382 $15.6 $15.3 382 October 1, 2015 $4.8 not 382. $198.2 no June 30, 2017 December 31, 2016, $13.3 $12.1 June 30, 2017, December 31, 2012 2016.

Note 19 - Supplemental Disclosu

Note 19 - Supplemental Disclosures to Consolidated Statements of Cash Flows	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	19. Supplemental Disclosures to Condensed Consolidated Statements of Cash Flows The following are supplemental disclosures to the condensed consolidated statements of cash flows: Six Months Ended June 30, 2017 2016 (Dollars in thousands) Supplemental Disclosures of Cash Flow Information: Cash paid during the period for: Income taxes $ 116,638 $ 84,335

Note 20 - Supplemental Guaranto

Note 20 - Supplemental Guarantor Information	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Supplemental Guarantor Information [Text Block]	20. S upplemental Guarantor Information Certain of our 100% 14 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended June 30, 2017 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 731,311 $ 662,781 $ 227,022 $ ― $ 1,621,114 Cost of sales (592,162 ) (531,235 ) (173,859 ) ― (1,297,256 ) Gross margin 139,149 131,546 53,163 ― 323,858 Selling, general and administrative expenses (70,729 ) (83,694 ) (19,574 ) ― (173,997 ) Income (loss) from unconsolidated joint ventures 351 165 (70 ) ― 446 Equity income of subsidiaries 58,400 ― ― (58,400 ) ― Interest income (expense), net 720 (525 ) (195 ) ― ― Other income (expense) (3,911 ) (228 ) 1,464 ― (2,675 ) Homebuilding pretax income 123,980 47,264 34,788 (58,400 ) 147,632 Financial Services: Financial services pretax income ― ― 8,616 ― 8,616 Income before taxes 123,980 47,264 43,404 (58,400 ) 156,248 Provision for income taxes (24,986 ) (21,900 ) (10,368 ) ― (57,254 ) Net income $ 98,994 $ 25,364 $ 33,036 $ (58,400 ) $ 98,994 Three Months Ended June 30, 2016 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 648,800 $ 676,049 $ 253,513 $ ― $ 1,578,362 Cost of sales (516,882 ) (535,832 ) (184,291 ) ― (1,237,005 ) Gross margin 131,918 140,217 69,222 ― 341,357 Selling, general and administrative expenses (71,235 ) (76,915 ) (17,544 ) ― (165,694 ) Income (loss) from unconsolidated joint ventures 57 256 (90 ) ― 223 Equity income of subsidiaries 79,867 ― ― (79,867 ) ― Interest income (expense), net 1,273 (934 ) (339 ) ― ― Other income (expense) (3,668 ) (668 ) (79 ) ― (4,415 ) Homebuilding pretax income 138,212 61,956 51,170 (79,867 ) 171,471 Financial Services: Financial services pretax income ― ― 8,146 ― 8,146 Income before taxes 138,212 61,956 59,316 (79,867 ) 179,617 Provision for income taxes (25,452 ) (26,074 ) (15,331 ) ― (66,857 ) Net income $ 112,760 $ 35,882 $ 43,985 $ (79,867 ) $ 112,760 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Six Months Ended June 30, 2017 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 1,308,579 $ 1,203,305 $ 446,929 $ ― $ 2,958,813 Cost of sales (1,063,459 ) (962,787 ) (333,865 ) ― (2,360,111 ) Gross margin 245,120 240,518 113,064 ― 598,702 Selling, general and administrative expenses (135,437 ) (157,085 ) (37,751 ) ― (330,273 ) Income (loss) from unconsolidated joint ventures 1,025 298 3,011 ― 4,334 Equity income of subsidiaries 115,997 ― ― (115,997 ) ― Interest income (expense), net 1,594 (1,205 ) (389 ) ― ― Other income (expense) (5,898 ) (256 ) 3,310 ― (2,844 ) Homebuilding pretax income 222,401 82,270 81,245 (115,997 ) 269,919 Financial Services: Financial services pretax income ― ― 16,197 ― 16,197 Income before taxes 222,401 82,270 97,442 (115,997 ) 286,116 Provision for income taxes (40,787 ) (38,623 ) (25,092 ) ― (104,502 ) Net income $ 181,614 $ 43,647 $ 72,350 $ (115,997 ) $ 181,614 Six Months Ended June 30, 2016 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 1,110,538 $ 1,210,503 $ 443,004 $ ― $ 2,764,045 Cost of sales (889,723 ) (965,834 ) (319,943 ) ― (2,175,500 ) Gross margin 220,815 244,669 123,061 ― 588,545 Selling, general and administrative expenses (126,286 ) (144,761 ) (31,348 ) ― (302,395 ) Income (loss) from unconsolidated joint ventures 746 400 266 ― 1,412 Equity income of subsidiaries 134,034 ― ― (134,034 ) ― Interest income (expense), net 2,610 (1,899 ) (711 ) ― ― Other income (expense) (7,283 ) (479 ) (61 ) ― (7,823 ) Homebuilding pretax income 224,636 97,930 91,207 (134,034 ) 279,739 Financial Services: Financial services pretax income ― ― 15,082 ― 15,082 Income before taxes 224,636 97,930 106,289 (134,034 ) 294,821 Provision for income taxes (39,215 ) (43,548 ) (26,637 ) ― (109,400 ) Net income $ 185,421 $ 54,382 $ 79,652 $ (134,034 ) $ 185,421 CONDENSED CONSOLIDATING BALANCE SHEET June 30, 2017 CalAtlantic Group, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) ASSETS Homebuilding: Cash and equivalents $ 41,081 $ 31,168 $ 95,584 $ ― $ 167,833 Restricted cash ― ― 32,367 ― 32,367 Intercompany receivables 2,118,245 ― 320,924 (2,439,169 ) ― Inventories: Owned 2,970,751 2,278,861 1,405,378 ― 6,654,990 Not owned 42,190 32,927 11,501 ― 86,618 Investments in unconsolidated joint ventures 4,889 4,228 116,651 ― 125,768 Investments in subsidiaries 2,069,205 ― ― (2,069,205 ) ― Deferred income taxes, net 319,114 ― ― (6,643 ) 312,471 Goodwill 970,185 ― 15,000 ― 985,185 Other assets 171,854 41,231 20,700 ― 233,785 Total Homebuilding Assets 8,707,514 2,388,415 2,018,105 (4,515,017 ) 8,599,017 Financial Services: Cash and equivalents ― ― 47,861 ― 47,861 Restricted cash ― ― 21,375 ― 21,375 Mortgage loans held for sale, net ― ― 155,180 ― 155,180 Mortgage loans held for investment, net ― ― 25,613 ― 25,613 Other assets ― ― 19,551 (1,801 ) 17,750 Total Financial Services Assets ― ― 269,580 (1,801 ) 267,779 Total Assets $ 8,707,514 $ 2,388,415 $ 2,287,685 $ (4,516,818 ) $ 8,866,796 LIABILITIES AND EQUITY Homebuilding: Accounts payable $ 67,733 $ 58,565 $ 20,085 $ ― $ 146,383 Accrued liabilities and intercompany payables 323,820 1,276,865 1,068,572 (2,126,689 ) 542,568 Secured project debt and other notes payable 345,023 ― 2,942 (320,924 ) 27,041 Senior notes payable 3,735,232 ― ― ― 3,735,232 Total Homebuilding Liabilities 4,471,808 1,335,430 1,091,599 (2,447,613 ) 4,451,224 Financial Services: Accounts payable and other liabilities ― ― 19,374 ― 19,374 Mortgage credit facility ― ― 149,828 ― 149,828 Total Financial Services Liabilities ― ― 169,202 ― 169,202 Total Liabilities 4,471,808 1,335,430 1,260,801 (2,447,613 ) 4,620,426 Equity: Total Stockholders' Equity 4,235,706 1,052,985 1,016,220 (2,069,205 ) 4,235,706 Noncontrolling interest ― ― 10,664 ― 10,664 Total Equity 4,235,706 1,052,985 1,026,884 (2,069,205 ) 4,246,370 Total Liabilities and Equity $ 8,707,514 $ 2,388,415 $ 2,287,685 $ (4, 516,818 ) $ 8,866,796 CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2016 CalAtlantic Group, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) ASSETS Homebuilding: Cash and equivalents $ 105,261 $ 38,211 $ 47,614 $ ― $ 191,086 Restricted cash ― ― 28,321 ― 28,321 Intercompany receivables 2,045,773 ― 334,926 (2,380,699 ) ― Inventories: Owned 2,825,234 2,277,840 1,335,718 ― 6,438,792 Not owned 30,953 32,596 2,718 ― 66,267 Investments in unconsolidated joint ventures 4,469 4,923 117,735 ― 127,127 Investments in subsidiaries 1,954,418 ― ― (1,954,418 ) ― Deferred income taxes, net 337,021 ― ― (6,643 ) 330,378 Goodwill 970,185 ― ― ― 970,185 Other assets 165,214 36,725 2,550 ― 204,489 Total Homebuilding Assets 8,438,528 2,390,295 1,869,582 (4,341,760 ) 8,356,645 Financial Services: Cash and equivalents ― ― 17,041 ― 17,041 Restricted cash ― ― 21,710 ― 21,710 Mortgage loans held for sale, net ― ― 262,058 ― 262,058 Mortgage loans held for investment, net ― ― 24,924 ― 24,924 Other assets ― ― 28,467 (1,801 ) 26,666 Total Financial Services Assets ― ― 354,200 (1,801 ) 352,399 Total Assets $ 8,438,528 $ 2,390,295 $ 2,223,782 $ (4,343,561 ) $ 8,709,044 LIABILITIES AND EQUITY Homebuilding: Accounts payable $ 92,611 $ 78,729 $ 40,440 $ ― $ 211,780 Accrued liabilities and intercompany payables 387,098 1,302,228 964,796 (2,054,217 ) 599,905 Secured project debt and other notes payable 359,025 ― 3,480 (334,926 ) 27,579 Senior notes payable 3,392,208 ― ― ― 3,392,208 Total Homebuilding Liabilities 4,230,942 1,380,957 1,008,716 (2,389,143 ) 4,231,472 Financial Services: Accounts payable and other liabilities ― ― 22,559 ― 22,559 Mortgage credit facility ― ― 247,427 ― 247,427 Total Financial Services Liabilities ― ― 269,986 ― 269,986 Total Liabilities 4,230,942 1,380,957 1,278,702 (2,389,143 ) 4,501,458 Equity: Total Equity 4,207,586 1,009,338 945,080 (1,954,418 ) 4,207,586 Total Liabilities and Equity $ 8,438,528 $ 2,390,295 $ 2,223,782 $ (4,343,561 ) $ 8,709,044 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Six Months Ended June 30, 2017 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 $ (161,020 ) $ 10,352 $ 151,260 $ ― $ 592 Cash Flows From Investing Activities: Investments in unconsolidated homebuilding joint ventures (137 ) (59 ) (24,806 ) ― (25,002 ) Distributions of capital from unconsolidated homebuilding joint ventures 500 1,117 6,428 ― 8,045 Net cash paid for acquisitions ― ― (44,477 ) ― (44,477 ) Loan to parent and subsidiaries ― ― 12,596 (12,596 ) ― Other investing activities (1,283 ) (979 ) (7,531 ) ― (9,793 ) Net cash provided by (used in) investing activities (920 ) 79 (57,790 ) (12,596 ) (71,227 ) Cash Flows From Financing Activities: Change in restricted cash ― ― (3,711 ) ― (3,711 ) Borrowings from revolving credit facility 264,450 ― ― ― 264,450 Principal payments on revolving credit facility (264,450 ) ― ― ― (264,450 ) Principal payments on secured project debt and other notes payable ― ― (615 ) ― (615 ) Principal payment on senior notes payable (230,000 ) ― ― ― (230,000 ) Proceeds from the issuance of senior notes payable 579,125 ― ― ― 579,125 Payment of debt issuance costs (4,595 ) ― ― ― (4,595 ) Loan from subsidiary (12,596 ) ― ― 12,596 ― Net proceeds from (payments on) mortgage credit facility ― ― (97,599 ) ― (97,599 ) (Contributions to) distributions from Corporate and subsidiaries 1,210 ― (1,210 ) ― ― Repurchases of common stock (150,014 ) ― ― ― (150,014 ) Common stock dividend payments (9,019 ) ― ― ― (9,019 ) Issuance of common stock under employee stock plans, net of tax withholdings (5,303 ) ― ― ― (5,303 ) Other financing activities ― ― (67 ) ― (67 ) Intercompany advances, net (71,048 ) (17,474 ) 88,522 ― ― Net cash provided by (used in) financing activities 97,760 (17,474 ) (14,680 ) 12,596 78,202 Net increase (decrease) in cash and equivalents (64,180 ) (7,043 ) 78,790 ― 7,567 Cash and equivalents at beginning of period 105,261 38,211 64,655 ― 208,127 Cash and equivalents at end of period $ 41,081 $ 31,168 $ 143,445 $ ― $ 215,694 Six Months Ended June 30, 2016 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 $ (148,603 ) $ 77,589 $ 134,628 $ ― $ 63,614 Cash Flows From Investing Activities: Investments in unconsolidated homebuilding joint ventures (178 ) (78 ) (22,336 ) ― (22,592 ) Distributions of capital from unconsolidated homebuilding joint ventures 1,107 110 6,898 ― 8,115 Loan to parent and subsidiaries ― ― 41,000 (41,000 ) ― Other investing activities 279 (976 ) (3,469 ) ― (4,166 ) Net cash provided by (used in) investing activities 1,208 (944 ) 22,093 (41,000 ) (18,643 ) Cash Flows From Financing Activities: Change in restricted cash ― ― 6,063 ― 6,063 Borrowings from revolving credit facility 693,700 ― ― ― 693,700 Principal payments on revolving credit facility (693,700 ) ― ― ― (693,700 ) Principal payments on secured project debt and other notes payable (9,974 ) ― (195 ) ― (10,169 ) Proceeds from the issuance of senior notes payable 300,000 ― ― ― 300,000 Payment of debt issue costs (2,195 ) ― ― ― (2,195 ) Loan from subsidiary (41,000 ) ― ― 41,000 ― Net proceeds from (payments on) mortgage credit facility ― ― (128,908 ) ― (128,908 ) (Contributions to) distributions from Corporate and subsidiaries 8,300 ― (8,300 ) ― ― Repurchases of common stock (99,829 ) ― ― ― (99,829 ) Common stock dividend payments (9,527 ) ― ― ― (9,527 ) Issuance of common stock under employee stock plans, net of tax withholdings 1,069 ― ― ― 1,069 Other financing activities ― (199 ) ― ― (199 ) Intercompany advances, net 122,427 (130,705 ) 8,278 ― ― Net cash provided by (used in) financing activities 269,271 (130,904 ) (123,062 ) 41,000 56,305 Net increase (decrease) in cash and equivalents 121,876 (54,259 ) 33,659 ― 101,276 Cash and equivalents at beginning of period 6,387 112,852 67,355 ― 186,594 Cash and equivalents at end of period $ 128,263 $ 58,593 $ 101,014 $ ― $ 287,870

Note 3 - Segment Reporting (Tab

Note 3 - Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (Dollars in thousands) Homebuilding revenues: North $ 331,071 $ 241,274 $ 565,847 $ 427,829 Southeast 429,269 386,836 780,372 664,318 Southwest 406,636 433,603 742,851 776,637 West 454,138 516,649 869,743 895,261 Total homebuilding revenues $ 1,621,114 $ 1,578,362 $ 2,958,813 $ 2,764,045 Homebuilding pretax income (1): North $ 29,732 $ 17,980 $ 48,597 $ 27,550 Southeast 31,885 31,772 55,601 52,822 Southwest 38,932 46,907 69,109 73,833 West 47,083 74,812 96,612 125,534 Total homebuilding pretax income $ 147,632 $ 171,471 $ 269,919 $ 279,739 Homebuilding income (loss) from unconsolidated joint ventures: North $ 155 $ 67 $ 447 $ 374 Southeast ― (19 ) ― 437 Southwest 154 257 263 824 West 137 (82 ) 3,624 (223 ) Total homebuilding income (loss) from unconsolidated joint ventures $ 446 $ 223 $ 4,334 $ 1,412
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	June 30, December 31, 2017 2016 (Dollars in thousands) Homebuilding assets: North $ 1,279,502 $ 1,181,544 Southeast 2,342,138 2,253,289 Southwest 1,839,474 1,842,869 West 2,537,127 2,500,163 Corporate 600,776 578,780 Total homebuilding assets $ 8,599,017 $ 8,356,645 Homebuilding investments in unconsolidated joint ventures: North $ 5,726 $ 5,691 Southeast 162 334 Southwest 5,393 6,085 West 114,487 115,017 Total homebuilding investments in unconsolidated joint ventures $ 125,768 $ 127,127

Note 4 - Earnings Per Common 28

Note 4 - Earnings Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (Dollars in thousands, except per share amounts) Numerator: Net income $ 98,994 $ 112,760 $ 181,614 $ 185,421 Less: Net income allocated to unvested restricted stock (408 ) (251 ) (705 ) (350 ) Net income available to common stockholders for basic earnings per common share 98,586 112,509 180,909 185,071 Effect of dilutive securities: Interest on 1.625% convertible senior notes due 2018 94 91 468 453 Interest on 0.25% convertible senior notes due 2019 85 82 423 410 Interest on 1.25% convertible senior notes due 2032 64 62 320 310 Net income available to common stock for diluted earnings per share $ 98,829 $ 112,744 $ 182,120 $ 186,244 Denominator: Weighted average basic common shares outstanding 113,689,435 118,419,937 114,086,136 119,617,438 Effect of dilutive securities: Share-based awards 821,628 583,264 868,491 575,516 1.625% convertible senior notes due 2018 7,171,943 7,163,865 7,171,943 7,163,865 0.25% convertible senior notes due 2019 3,641,157 3,637,091 3,641,157 3,637,091 1.25% convertible senior notes due 2032 6,312,249 6,283,989 6,312,249 6,283,989 Weighted average diluted shares outstanding 131,636,412 136,088,146 132,079,976 137,277,899 Income per common share: Basic $ 0.87 $ 0.95 $ 1.59 $ 1.55 Diluted $ 0.75 $ 0.83 $ 1.38 $ 1.36

Note 7 - Marketable Securitie29

Note 7 - Marketable Securities, Available-for-sale (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	June 30, 2017 December 31, 2016 Amortized Cost Gross Unrealized Losses Estimated Fair Value Amortized Cost Gross Unrealized Losses Estimated Fair Value (Dollars in thousands) Type of security: Municipal bond and metropolitan district securities $ 24,994 $ (465 ) $ 24,529 $ 18,563 $ (465 ) $ 18,098
Available-for-sale Securities [Table Text Block]	June 30, 2017 (Dollars in thousands) Contractual maturity: Maturing in one year or less $ ― Maturing after three years 24,529 Total marketable securities, available-for-sale $ 24,529

Note 8 - Inventories (Tables)

Note 8 - Inventories (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Inventories Owned [Table Text Block]	June 30, 2017 North Southeast Southwest West Total (Dollars in thousands) Land and land under development (1) $ 356,324 $ 1,079,342 $ 434,607 $ 1,286,105 $ 3,156,378 Homes completed and under construction 514,386 789,607 890,181 847,383 3,041,557 Model homes 59,446 130,048 113,436 154,125 457,055 Total inventories owned $ 930,156 $ 1,998,997 $ 1,438,224 $ 2,287,613 $ 6,654,990 December 31, 2016 North Southeast Southwest West Total (Dollars in thousands) Land and land under development (1) $ 445,245 $ 1,177,646 $ 594,585 $ 1,410,264 $ 3,627,740 Homes completed and under construction 327,421 585,938 710,509 680,241 2,304,109 Model homes 79,306 132,968 116,575 178,094 506,943 Total inventories owned $ 851,972 $ 1,896,552 $ 1,421,669 $ 2,268,599 $ 6,438,792

Note 9 - Capitalization of In31

Note 9 - Capitalization of Interest (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Capitalized Interest [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (Dollars in thousands) Total interest incurred (1) $ 52,168 $ 55,610 $ 103,873 $ 118,335 Less: Interest capitalized to inventories owned (1) (51,338 ) (54,564 ) (102,213 ) (116,409 ) Less: Interest capitalized to investments in unconsolidated joint ventures (830 ) (1,046 ) (1,660 ) (1,926 ) Interest expense $ ― $ ― $ ― $ ― Interest previously capitalized to inventories owned, included in cost of home sales $ 52,347 $ 40,528 $ 91,775 $ 70,731 Interest previously capitalized to inventories owned, included in cost of land sales $ ― $ 1,302 $ ― $ 1,481 Interest previously capitalized to investments in unconsolidated joint ventures, included in income (loss) from unconsolidated joint ventures $ 8 $ ― $ 8 $ ― Interest capitalized in ending inventories owned (2) $ 376,638 $ 350,210 $ 376,638 $ 350,210 Interest capitalized as a percentage of inventories owned 5.7 % 5.5 % 5.7 % 5.5 % Interest capitalized in ending investments in unconsolidated joint ventures (2) $ 4,515 $ 4,313 $ 4,515 $ 4,313 Interest capitalized as a percentage of investments in unconsolidated joint ventures 3.6 % 2.9 % 3.6 % 2.9 %

Note 11 - Warranty Costs (Table

Note 11 - Warranty Costs (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Six Months Ended June 30, 2017 2016 (Dollars in thousands) Warranty accrual, beginning of the period $ 43,932 $ 40,691 Warranty costs accrued during the period 10,699 10,823 Warranty costs paid during the period (11,986 ) (9,941 ) Warranty accrual, end of the period $ 42,645 $ 41,573

Note 14 - Senior Notes Payable

Note 14 - Senior Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Debt [Table Text Block]	June 30, December 31, 2017 2016 (Dollars in thousands) 8.4% Senior Notes due May 2017 $ ― $ 235,175 8.375% Senior Notes due May 2018 574,695 574,501 1.625% Convertible Senior Notes due May 2018 221,916 220,236 0.25% Convertible Senior notes due June 2019 256,616 253,777 6.625% Senior Notes due May 2020 316,923 319,909 8.375% Senior Notes due January 2021 395,804 395,246 6.25% Senior Notes due December 2021 297,861 297,623 5.375% Senior Notes due October 2022 249,297 249,230 5.875% Senior Notes due November 2024 426,633 296,982 5.25% Senior Notes due June 2026 395,204 297,483 5.00% Senior Notes due June 2027 347,419 ― 1.25% Convertible Senior Notes due August 2032 252,864 252,046 $ 3,735,232 $ 3,392,208

Note 16 - Disclosures About F34

Note 16 - Disclosures About Fair Value (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Fair Value at Description Fair Value Hierarchy June 30, 2017 December 31, 2016 (Dollars in thousands) Marketable securities, available-for-sale Municipal debt securities Level 2 $ 9,387 $ 9,387 Metropolitan district bond securities Level 3 $ 15,142 $ 8,711 Mortgage loans held for sale Level 2 $ 158,804 $ 265,542
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	June 30, 2017 December 31, 2016 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 $ 25,613 $ 25,613 $ 24,924 $ 24,924 Homebuilding liabilities: Senior and convertible senior notes payable, net Level 2 $ 3,735,232 $ 4,014,703 $ 3,392,208 $ 3,617,838

Note 19 - Supplemental Disclo35

Note 19 - Supplemental Disclosures to Consolidated Statements of Cash Flows (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Six Months Ended June 30, 2017 2016 (Dollars in thousands) Supplemental Disclosures of Cash Flow Information: Cash paid during the period for: Income taxes $ 116,638 $ 84,335

Note 20 - Supplemental Guaran36

Note 20 - Supplemental Guarantor Information (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Supplemental Condensed Consolidating Statements of Operations [Table Text Block]	Three Months Ended June 30, 2017 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 731,311 $ 662,781 $ 227,022 $ ― $ 1,621,114 Cost of sales (592,162 ) (531,235 ) (173,859 ) ― (1,297,256 ) Gross margin 139,149 131,546 53,163 ― 323,858 Selling, general and administrative expenses (70,729 ) (83,694 ) (19,574 ) ― (173,997 ) Income (loss) from unconsolidated joint ventures 351 165 (70 ) ― 446 Equity income of subsidiaries 58,400 ― ― (58,400 ) ― Interest income (expense), net 720 (525 ) (195 ) ― ― Other income (expense) (3,911 ) (228 ) 1,464 ― (2,675 ) Homebuilding pretax income 123,980 47,264 34,788 (58,400 ) 147,632 Financial Services: Financial services pretax income ― ― 8,616 ― 8,616 Income before taxes 123,980 47,264 43,404 (58,400 ) 156,248 Provision for income taxes (24,986 ) (21,900 ) (10,368 ) ― (57,254 ) Net income $ 98,994 $ 25,364 $ 33,036 $ (58,400 ) $ 98,994 Three Months Ended June 30, 2016 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 648,800 $ 676,049 $ 253,513 $ ― $ 1,578,362 Cost of sales (516,882 ) (535,832 ) (184,291 ) ― (1,237,005 ) Gross margin 131,918 140,217 69,222 ― 341,357 Selling, general and administrative expenses (71,235 ) (76,915 ) (17,544 ) ― (165,694 ) Income (loss) from unconsolidated joint ventures 57 256 (90 ) ― 223 Equity income of subsidiaries 79,867 ― ― (79,867 ) ― Interest income (expense), net 1,273 (934 ) (339 ) ― ― Other income (expense) (3,668 ) (668 ) (79 ) ― (4,415 ) Homebuilding pretax income 138,212 61,956 51,170 (79,867 ) 171,471 Financial Services: Financial services pretax income ― ― 8,146 ― 8,146 Income before taxes 138,212 61,956 59,316 (79,867 ) 179,617 Provision for income taxes (25,452 ) (26,074 ) (15,331 ) ― (66,857 ) Net income $ 112,760 $ 35,882 $ 43,985 $ (79,867 ) $ 112,760 Six Months Ended June 30, 2017 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 1,308,579 $ 1,203,305 $ 446,929 $ ― $ 2,958,813 Cost of sales (1,063,459 ) (962,787 ) (333,865 ) ― (2,360,111 ) Gross margin 245,120 240,518 113,064 ― 598,702 Selling, general and administrative expenses (135,437 ) (157,085 ) (37,751 ) ― (330,273 ) Income (loss) from unconsolidated joint ventures 1,025 298 3,011 ― 4,334 Equity income of subsidiaries 115,997 ― ― (115,997 ) ― Interest income (expense), net 1,594 (1,205 ) (389 ) ― ― Other income (expense) (5,898 ) (256 ) 3,310 ― (2,844 ) Homebuilding pretax income 222,401 82,270 81,245 (115,997 ) 269,919 Financial Services: Financial services pretax income ― ― 16,197 ― 16,197 Income before taxes 222,401 82,270 97,442 (115,997 ) 286,116 Provision for income taxes (40,787 ) (38,623 ) (25,092 ) ― (104,502 ) Net income $ 181,614 $ 43,647 $ 72,350 $ (115,997 ) $ 181,614 Six Months Ended June 30, 2016 CalAtlantic Group, Inc. Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) Homebuilding: Revenues $ 1,110,538 $ 1,210,503 $ 443,004 $ ― $ 2,764,045 Cost of sales (889,723 ) (965,834 ) (319,943 ) ― (2,175,500 ) Gross margin 220,815 244,669 123,061 ― 588,545 Selling, general and administrative expenses (126,286 ) (144,761 ) (31,348 ) ― (302,395 ) Income (loss) from unconsolidated joint ventures 746 400 266 ― 1,412 Equity income of subsidiaries 134,034 ― ― (134,034 ) ― Interest income (expense), net 2,610 (1,899 ) (711 ) ― ― Other income (expense) (7,283 ) (479 ) (61 ) ― (7,823 ) Homebuilding pretax income 224,636 97,930 91,207 (134,034 ) 279,739 Financial Services: Financial services pretax income ― ― 15,082 ― 15,082 Income before taxes 224,636 97,930 106,289 (134,034 ) 294,821 Provision for income taxes (39,215 ) (43,548 ) (26,637 ) ― (109,400 ) Net income $ 185,421 $ 54,382 $ 79,652 $ (134,034 ) $ 185,421
Supplemental Condensed Consolidating Balance Sheets [Table Text Block]	June 30, 2017 CalAtlantic Group, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) ASSETS Homebuilding: Cash and equivalents $ 41,081 $ 31,168 $ 95,584 $ ― $ 167,833 Restricted cash ― ― 32,367 ― 32,367 Intercompany receivables 2,118,245 ― 320,924 (2,439,169 ) ― Inventories: Owned 2,970,751 2,278,861 1,405,378 ― 6,654,990 Not owned 42,190 32,927 11,501 ― 86,618 Investments in unconsolidated joint ventures 4,889 4,228 116,651 ― 125,768 Investments in subsidiaries 2,069,205 ― ― (2,069,205 ) ― Deferred income taxes, net 319,114 ― ― (6,643 ) 312,471 Goodwill 970,185 ― 15,000 ― 985,185 Other assets 171,854 41,231 20,700 ― 233,785 Total Homebuilding Assets 8,707,514 2,388,415 2,018,105 (4,515,017 ) 8,599,017 Financial Services: Cash and equivalents ― ― 47,861 ― 47,861 Restricted cash ― ― 21,375 ― 21,375 Mortgage loans held for sale, net ― ― 155,180 ― 155,180 Mortgage loans held for investment, net ― ― 25,613 ― 25,613 Other assets ― ― 19,551 (1,801 ) 17,750 Total Financial Services Assets ― ― 269,580 (1,801 ) 267,779 Total Assets $ 8,707,514 $ 2,388,415 $ 2,287,685 $ (4,516,818 ) $ 8,866,796 LIABILITIES AND EQUITY Homebuilding: Accounts payable $ 67,733 $ 58,565 $ 20,085 $ ― $ 146,383 Accrued liabilities and intercompany payables 323,820 1,276,865 1,068,572 (2,126,689 ) 542,568 Secured project debt and other notes payable 345,023 ― 2,942 (320,924 ) 27,041 Senior notes payable 3,735,232 ― ― ― 3,735,232 Total Homebuilding Liabilities 4,471,808 1,335,430 1,091,599 (2,447,613 ) 4,451,224 Financial Services: Accounts payable and other liabilities ― ― 19,374 ― 19,374 Mortgage credit facility ― ― 149,828 ― 149,828 Total Financial Services Liabilities ― ― 169,202 ― 169,202 Total Liabilities 4,471,808 1,335,430 1,260,801 (2,447,613 ) 4,620,426 Equity: Total Stockholders' Equity 4,235,706 1,052,985 1,016,220 (2,069,205 ) 4,235,706 Noncontrolling interest ― ― 10,664 ― 10,664 Total Equity 4,235,706 1,052,985 1,026,884 (2,069,205 ) 4,246,370 Total Liabilities and Equity $ 8,707,514 $ 2,388,415 $ 2,287,685 $ (4, 516,818 ) $ 8,866,796 December 31, 2016 CalAtlantic Group, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated CalAtlantic Group, Inc. (Dollars in thousands) ASSETS Homebuilding: Cash and equivalents $ 105,261 $ 38,211 $ 47,614 $ ― $ 191,086 Restricted cash ― ― 28,321 ― 28,321 Intercompany receivables 2,045,773 ― 334,926 (2,380,699 ) ― Inventories: Owned 2,825,234 2,277,840 1,335,718 ― 6,438,792 Not owned 30,953 32,596 2,718 ― 66,267 Investments in unconsolidated joint ventures 4,469 4,923 117,735 ― 127,127 Investments in subsidiaries 1,954,418 ― ― (1,954,418 ) ― Deferred income taxes, net 337,021 ― ― (6,643 ) 330,378 Goodwill 970,185 ― ― ― 970,185 Other assets 165,214 36,725 2,550 ― 204,489 Total Homebuilding Assets 8,438,528 2,390,295 1,869,582 (4,341,760 ) 8,356,645 Financial Services: Cash and equivalents ― ― 17,041 ― 17,041 Restricted cash ― ― 21,710 ― 21,710 Mortgage loans held for sale, net ― ― 262,058 ― 262,058 Mortgage loans held for investment, net ― ― 24,924 ― 24,924 Other assets ― ― 28,467 (1,801 ) 26,666 Total Financial Services Assets ― ― 354,200 (1,801 ) 352,399 Total Assets $ 8,438,528 $ 2,390,295 $ 2,223,782 $ (4,343,561 ) $ 8,709,044 LIABILITIES AND EQUITY Homebuilding: Accounts payable $ 92,611 $ 78,729 $ 40,440 $ ― $ 211,780 Accrued liabilities and intercompany payables 387,098 1,302,228 964,796 (2,054,217 ) 599,905 Secured project debt and other notes payable 359,025 ― 3,480 (334,926 ) 27,579 Senior notes payable 3,392,208 ― ― ― 3,392,208 Total Homebuilding Liabilities 4,230,942 1,380,957 1,008,716 (2,389,143 ) 4,231,472 Financial Services: Accounts payable and other liabilities ― ― 22,559 ― 22,559 Mortgage credit facility ― ― 247,427 ― 247,427 Total Financial Services Liabilities ― ― 269,986 ― 269,986 Total Liabilities 4,230,942 1,380,957 1,278,702 (2,389,143 ) 4,501,458 Equity: Total Equity 4,207,586 1,009,338 945,080 (1,954,418 ) 4,207,586 Total Liabilities and Equity $ 8,438,528 $ 2,390,295 $ 2,223,782 $ (4,343,561 ) $ 8,709,044
Supplemental Condensed Consolidating Statements of Cash Flows [Table Text Block]	Six Months Ended June 30, 2017 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 $ (161,020 ) $ 10,352 $ 151,260 $ ― $ 592 Cash Flows From Investing Activities: Investments in unconsolidated homebuilding joint ventures (137 ) (59 ) (24,806 ) ― (25,002 ) Distributions of capital from unconsolidated homebuilding joint ventures 500 1,117 6,428 ― 8,045 Net cash paid for acquisitions ― ― (44,477 ) ― (44,477 ) Loan to parent and subsidiaries ― ― 12,596 (12,596 ) ― Other investing activities (1,283 ) (979 ) (7,531 ) ― (9,793 ) Net cash provided by (used in) investing activities (920 ) 79 (57,790 ) (12,596 ) (71,227 ) Cash Flows From Financing Activities: Change in restricted cash ― ― (3,711 ) ― (3,711 ) Borrowings from revolving credit facility 264,450 ― ― ― 264,450 Principal payments on revolving credit facility (264,450 ) ― ― ― (264,450 ) Principal payments on secured project debt and other notes payable ― ― (615 ) ― (615 ) Principal payment on senior notes payable (230,000 ) ― ― ― (230,000 ) Proceeds from the issuance of senior notes payable 579,125 ― ― ― 579,125 Payment of debt issuance costs (4,595 ) ― ― ― (4,595 ) Loan from subsidiary (12,596 ) ― ― 12,596 ― Net proceeds from (payments on) mortgage credit facility ― ― (97,599 ) ― (97,599 ) (Contributions to) distributions from Corporate and subsidiaries 1,210 ― (1,210 ) ― ― Repurchases of common stock (150,014 ) ― ― ― (150,014 ) Common stock dividend payments (9,019 ) ― ― ― (9,019 ) Issuance of common stock under employee stock plans, net of tax withholdings (5,303 ) ― ― ― (5,303 ) Other financing activities ― ― (67 ) ― (67 ) Intercompany advances, net (71,048 ) (17,474 ) 88,522 ― ― Net cash provided by (used in) financing activities 97,760 (17,474 ) (14,680 ) 12,596 78,202 Net increase (decrease) in cash and equivalents (64,180 ) (7,043 ) 78,790 ― 7,567 Cash and equivalents at beginning of period 105,261 38,211 64,655 ― 208,127 Cash and equivalents at end of period $ 41,081 $ 31,168 $ 143,445 $ ― $ 215,694 Six Months Ended June 30, 2016 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 $ (148,603 ) $ 77,589 $ 134,628 $ ― $ 63,614 Cash Flows From Investing Activities: Investments in unconsolidated homebuilding joint ventures (178 ) (78 ) (22,336 ) ― (22,592 ) Distributions of capital from unconsolidated homebuilding joint ventures 1,107 110 6,898 ― 8,115 Loan to parent and subsidiaries ― ― 41,000 (41,000 ) ― Other investing activities 279 (976 ) (3,469 ) ― (4,166 ) Net cash provided by (used in) investing activities 1,208 (944 ) 22,093 (41,000 ) (18,643 ) Cash Flows From Financing Activities: Change in restricted cash ― ― 6,063 ― 6,063 Borrowings from revolving credit facility 693,700 ― ― ― 693,700 Principal payments on revolving credit facility (693,700 ) ― ― ― (693,700 ) Principal payments on secured project debt and other notes payable (9,974 ) ― (195 ) ― (10,169 ) Proceeds from the issuance of senior notes payable 300,000 ― ― ― 300,000 Payment of debt issue costs (2,195 ) ― ― ― (2,195 ) Loan from subsidiary (41,000 ) ― ― 41,000 ― Net proceeds from (payments on) mortgage credit facility ― ― (128,908 ) ― (128,908 ) (Contributions to) distributions from Corporate and subsidiaries 8,300 ― (8,300 ) ― ― Repurchases of common stock (99,829 ) ― ― ― (99,829 ) Common stock dividend payments (9,527 ) ― ― ― (9,527 ) Issuance of common stock under employee stock plans, net of tax withholdings 1,069 ― ― ― 1,069 Other financing activities ― (199 ) ― ― (199 ) Intercompany advances, net 122,427 (130,705 ) 8,278 ― ― Net cash provided by (used in) financing activities 269,271 (130,904 ) (123,062 ) 41,000 56,305 Net increase (decrease) in cash and equivalents 121,876 (54,259 ) 33,659 ― 101,276 Cash and equivalents at beginning of period 6,387 112,852 67,355 ― 186,594 Cash and equivalents at end of period $ 128,263 $ 58,593 $ 101,014 $ ― $ 287,870

Note 3 - Segment Reporting (Det

Note 3 - Segment Reporting (Details Textual) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)
Number of Operating Segments			2
Number of Reportable Segments			4
Homebuilding [Member] | North [Member]
Depreciation, Depletion and Amortization, Nonproduction	$ 2.2	$ 1.5	$ 3.6	$ 2.7
Homebuilding [Member] | Southeast [Member]
Depreciation, Depletion and Amortization, Nonproduction	4.2	4.2	7.7	7
Homebuilding [Member] | Southwest [Member]
Depreciation, Depletion and Amortization, Nonproduction	3	3.2	5.5	5.9
Homebuilding [Member] | West [Member]
Depreciation, Depletion and Amortization, Nonproduction	$ 5.5	$ 6.5	$ 10.8	$ 11.8

Note 3 - Segment Reporting - Se

Note 3 - Segment Reporting - Segment Financial Information Relating to Homebuilding Operations (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Homebuilding revenues		$ 1,621,114	$ 1,578,362	$ 2,958,813	$ 2,764,045
Homebuilding pretax income		147,632	171,471	269,919	279,739
Homebuilding income (loss) from unconsolidated joint ventures		446	223	4,334	1,412
Homebuilding [Member]
Homebuilding revenues		1,621,114	1,578,362	2,958,813	2,764,045
Homebuilding pretax income	[1]	147,632	171,471	269,919	279,739
Homebuilding income (loss) from unconsolidated joint ventures		446	223	4,334	1,412
Homebuilding [Member] | North [Member]
Homebuilding revenues		331,071	241,274	565,847	427,829
Homebuilding pretax income	[1]	29,732	17,980	48,597	27,550
Homebuilding income (loss) from unconsolidated joint ventures		155	67	447	374
Homebuilding [Member] | Southeast [Member]
Homebuilding revenues		429,269	386,836	780,372	664,318
Homebuilding pretax income	[1]	31,885	31,772	55,601	52,822
Homebuilding income (loss) from unconsolidated joint ventures			(19)		437
Homebuilding [Member] | Southwest [Member]
Homebuilding revenues		406,636	433,603	742,851	776,637
Homebuilding pretax income	[1]	38,932	46,907	69,109	73,833
Homebuilding income (loss) from unconsolidated joint ventures		154	257	263	824
Homebuilding [Member] | West [Member]
Homebuilding revenues		454,138	516,649	869,743	895,261
Homebuilding pretax income	[1]	47,083	74,812	96,612	125,534
Homebuilding income (loss) from unconsolidated joint ventures		$ 137	$ (82)	$ 3,624	$ (223)
[1]	Homebuilding pretax income includes depreciation and amortization expense of $2.2 million, $4.2 million, $3.0 million and $5.5 million, respectively, in the North, Southeast, Southwest and West for the quarter ended June 30, 2017 and $1.5 million, $4.2 million, $3.2 million and $6.5 million, respectively, in the North, Southeast, Southwest and West for the quarter ended June 30, 2016. Homebuilding pretax income includes depreciation and amortization expense of $3.6 million, $7.7 million, $5.5 million and $10.8 million, respectively, in the North, Southeast, Southwest and West for the six months ended June 30, 2017 and $2.7 million, $7.0 million, $5.9 million and $11.8 million, respectively, in the North, Southeast, Southwest and West for the six months ended June 30, 2016.

Note 3 - Segment Reporting - 39

Note 3 - Segment Reporting - Segment Financial Information Relating to Homebuilding Assets and Investments in Unconsolidated Joint Ventures (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets	$ 8,866,796	$ 8,709,044
Homebuilding [Member]
Assets	8,599,017	8,356,645
Homebuilding investments in unconsolidated joint ventures	125,768	127,127
Homebuilding [Member] | Corporate, Non-Segment [Member]
Assets	600,776	578,780
Homebuilding [Member] | North [Member]
Assets	1,279,502	1,181,544
Homebuilding investments in unconsolidated joint ventures	5,726	5,691
Homebuilding [Member] | Southeast [Member]
Assets	2,342,138	2,253,289
Homebuilding investments in unconsolidated joint ventures	162	334
Homebuilding [Member] | Southwest [Member]
Assets	1,839,474	1,842,869
Homebuilding investments in unconsolidated joint ventures	5,393	6,085
Homebuilding [Member] | West [Member]
Assets	2,537,127	2,500,163
Homebuilding investments in unconsolidated joint ventures	$ 114,487	$ 115,017

Note 4 - Earnings Per Common 40

Note 4 - Earnings Per Common Share - Components Used in Computation of Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net income	$ 98,994	$ 112,760	$ 181,614	$ 185,421
Less: Net income allocated to unvested restricted stock	(408)	(251)	(705)	(350)
Net income available to common stockholders for basic earnings per common share	98,586	112,509	180,909	185,071
Net income available to common stock for diluted earnings per share	$ 98,829	$ 112,744	$ 182,120	$ 186,244
Basic (in shares)	113,689,435	118,419,937	114,086,136	119,617,438
Effect of dilutive securities:
Share-based awards (in shares)	821,628	583,264	868,491	575,516
Weighted average diluted shares outstanding (in shares)	131,636,412	136,088,146	132,079,976	137,277,899
Income Per Common Share:
Basic (in dollars per share)	$ 0.87	$ 0.95	$ 1.59	$ 1.55
Diluted (in dollars per share)	$ 0.75	$ 0.83	$ 1.38	$ 1.36
1.625% Convertible Senior Notes due May 2018 [Member]
Interest on convertible senior notes	$ 94	$ 91	$ 468	$ 453
Effect of dilutive securities:
Interest on convertible senior notes (in shares)	7,171,943	7,163,865	7,171,943	7,163,865
0.25% Convertible Senior Notes Due June 2019 [Member]
Interest on convertible senior notes	$ 85	$ 82	$ 423	$ 410
Effect of dilutive securities:
Interest on convertible senior notes (in shares)	3,641,157	3,637,091	3,641,157	3,637,091
1.25% Convertible Senior Notes Due August 2032 [Member]
Interest on convertible senior notes	$ 64	$ 62	$ 320	$ 310
Effect of dilutive securities:
Interest on convertible senior notes (in shares)	6,312,249	6,283,989	6,312,249	6,283,989

Note 4 - Earnings Per Common 41

Note 4 - Earnings Per Common Share - Components Used in Computation of Basic and Diluted Earnings Per Common Share (Details) (Parentheticals)	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2016
1.625% Convertible Senior Notes due May 2018 [Member]
Interest rate	1.625%	1.625%	1.625%
0.25% Convertible Senior Notes Due June 2019 [Member]
Interest rate	0.25%	0.25%
1.25% Convertible Senior Notes Due August 2032 [Member]
Interest rate	1.25%	1.25%

Note 5 - Stock-based Compensa42

Note 5 - Stock-based Compensation (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Allocated Share-based Compensation Expense	$ 4.9	$ 3.7	$ 9.2	$ 7.5
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 36.6		$ 36.6
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			2 years 36 days

Note 6 - Cash and Equivalents43

Note 6 - Cash and Equivalents and Restricted Cash (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Cash and Cash Equivalents, at Carrying Value	$ 215,694	$ 208,127	$ 287,870	$ 186,594
Homebuilding [Member]
Cash and Cash Equivalents, at Carrying Value	167,833	191,086
Restricted Cash and Cash Equivalents	32,367	28,321
Financial Services [Member]
Cash and Cash Equivalents, at Carrying Value	47,861	17,041
Restricted Cash and Cash Equivalents	21,375	$ 21,710
Cash From Home Closings in Escrow [Member]
Cash and Cash Equivalents, at Carrying Value	80,600
Held in Cash Collateral Accounts [Member] | Homebuilding [Member]
Restricted Cash and Cash Equivalents	32,400
Held in Cash Collateral Accounts [Member] | Financial Services [Member]
Restricted Cash and Cash Equivalents	17,700
Financial Service Subsidiary Mortgage Credit Facilities [Member] | Financial Services [Member]
Restricted Cash and Cash Equivalents	3,000
Funds Held in Trust for Third Parties [Member] | Financial Services [Member]
Restricted Cash and Cash Equivalents	$ 700

Note 7 - Marketable Securitie44

Note 7 - Marketable Securities, Available-for-sale (Details Textual)	6 Months Ended
	Jun. 30, 2017USD ($)
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	$ 172,000
Available-for-sale Securities [Member]
Realized Investment Gains (Losses)	$ 173,000

Note 7 - Marketable Securitie45

Note 7 - Marketable Securities, Available-for-sale - Fair Values of Marketable Securities by Type of Security (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Gross unrealized losses	$ (172,000)
Marketable securities, available-for-sale	24,529,000
Municipal Bond and Metropolitan District Securities [Member]
Amortized cost	24,994,000	$ 18,563,000
Gross unrealized losses	(465,000)	(465,000)
Marketable securities, available-for-sale	$ 24,529,000	$ 18,098,000

Note 7 - Marketable Securitie46

Note 7 - Marketable Securities, Available-for-sale - Fair Values of Marketable Securities by Contractual Maturity (Details) $ in Thousands	Jun. 30, 2017USD ($)
Maturing in one year or less	$ 0
Maturing after three years	24,529
Total marketable securities, available-for-sale	$ 24,529

Note 8 - Inventories (Details T

Note 8 - Inventories (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016	Dec. 31, 2016USD ($)
Inventory, Real Estate, Land and Land Development Costs, Land Purchased During Period			$ 427,700		$ 960,800
Inventory, Real Estate, Number of Homesites Purchased During the Period			6,651		13,566
Number of Active and Future Projects Owned			870	876
Impairment of Real Estate	$ 0	$ 0
Homebuilding Operations from Seattle-based Developer [Member]
Goodwill	15,000		$ 15,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other	$ 100		100
Business Combination, Number of Current and Future Communities Acquired	19
Business Combination, Consideration Transferred	$ 44,500
Homebuilding Operations from Seattle-based Developer [Member] | Inventory Owned [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	25,700		25,700
Homebuilding Operations from Seattle-based Developer [Member] | Inventory Not Owned [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	$ 3,900		$ 3,900
Homebuilding: North [Member]
Inventory, Real Estate, Land Purchased During Period, Percentage of Homesites Included in a Certain Category			33.00%		25.00%
Homebuilding Southeast [Member]
Inventory, Real Estate, Land Purchased During Period, Percentage of Homesites Included in a Certain Category			30.00%		25.00%
Homebuilding Southwest [Member]
Inventory, Real Estate, Land Purchased During Period, Percentage of Homesites Included in a Certain Category			17.00%		24.00%
Homebuilding: West [Member]
Inventory, Real Estate, Land Purchased During Period, Percentage of Homesites Included in a Certain Category			20.00%		26.00%

Note 8 - Inventories - Inventor

Note 8 - Inventories - Inventories Owned (Details) - USD ($) $ in Thousands		Jun. 30, 2017	Dec. 31, 2016
Model homes		$ 457,055	$ 506,943
Total inventories owned		6,654,990	6,438,792
Land and land under development	[1]	3,156,378	3,627,740
Homes completed and under construction		3,041,557	2,304,109
Homebuilding: North [Member]
Model homes		59,446	79,306
Total inventories owned		930,156	851,972
Land and land under development	[1]	356,324	445,245
Homes completed and under construction		514,386	327,421
Homebuilding Southeast [Member]
Model homes		130,048	132,968
Total inventories owned		1,998,997	1,896,552
Land and land under development	[1]	1,079,342	1,177,646
Homes completed and under construction		789,607	585,938
Homebuilding Southwest [Member]
Model homes		113,436	116,575
Total inventories owned		1,438,224	1,421,669
Land and land under development	[1]	434,607	594,585
Homes completed and under construction		890,181	710,509
Homebuilding: West [Member]
Model homes		154,125	178,094
Total inventories owned		2,287,613	2,268,599
Land and land under development	[1]	1,286,105	1,410,264
Homes completed and under construction		$ 847,383	$ 680,241
[1]	During the six months ended June 30, 2017, we purchased $427.7 million of land (6,651 homesites), of which 33% (based on homesites) were located in the North, 30% in the Southeast, 17% in the Southwest, and 20% in the West. During the year ended December 31, 2016, we purchased $960.8 million of land (13,566 homesites), of which 25% (based on homesites) were located in the North, 25% in the Southeast, 24% in the Southwest, and 26% in the West.

Note 9 - Capitalization of In49

Note 9 - Capitalization of Interest (Details Textual) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2016
Capitalized Interest Transferred from Investments in Unconsolidated Joint Ventures to Inventories Owned	$ 0	$ 500,000
1.625% Convertible Senior Notes due May 2018 [Member]
Debt Instrument, Increase (Decrease) In Interest Incurred, Net of Interest Capitalized, Valuation of Business Combination			$ 9,000,000
Debt Instrument, Interest Rate, Stated Percentage	1.625%	1.625%	1.625%	1.625%

Note 9 - Capitalization of In50

Note 9 - Capitalization of Interest - Homebuilding Capitalized Interest (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Total interest incurred	[1]	$ 52,168	$ 55,610	$ 103,873	$ 118,335
Less: Interest capitalized to inventories owned	[1]	(51,338)	(54,564)	(102,213)	(116,409)
Less: Interest capitalized to investments in unconsolidated joint ventures		(830)	(1,046)	(1,660)	(1,926)
Interest expense
Interest previously capitalized to inventories owned, included in cost of home sales		52,347	40,528	91,775	70,731
Interest previously capitalized to inventories owned, included in cost of land sales			1,302		1,481
Interest previously capitalized to investments in unconsolidated joint ventures, included in income (loss) from unconsolidated joint ventures		8		8
Interest capitalized in ending inventories owned	[2]	$ 376,638	$ 350,210	$ 376,638	$ 350,210
Interest capitalized as a percentage of inventories owned		5.70%	5.50%	5.70%	5.50%
Interest capitalized in ending investments in unconsolidated joint ventures	[2]	$ 4,515	$ 4,313	$ 4,515	$ 4,313
Interest capitalized as a percentage of investments in unconsolidated joint ventures		3.60%	2.90%	3.60%	2.90%
[1]	Total interest incurred and interest capitalized to inventories owned during the six months ended June 30, 2016 includes a $9 million increase related to the valuation of the 1.625% convertible senior notes that was completed during the 2016 first quarter.
[2]	During the three and six months ended June 30, 2017, in connection with lot purchases from our joint ventures, $0 and $0.5 million, respectively, of capitalized interest was transferred from investments in unconsolidated joint ventures to inventories owned.

Note 10 - Investments in Unco51

Note 10 - Investments in Unconsolidated Land Development and Homebuilding Joint Ventures (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Asset Impairment Charges	$ 0	$ 0
Stockholders' Equity Attributable to Noncontrolling Interest	$ 10,664

Note 11 - Warranty Costs - Warr

Note 11 - Warranty Costs - Warranty Costs Accrual (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Warranty accrual	$ 43,932	$ 40,691
Warranty costs accrued during the period	10,699	10,823
Warranty costs paid during the period	(11,986)	(9,941)
Warranty accrual	$ 42,645	$ 41,573

Note 12 - Revolving Credit Fa53

Note 12 - Revolving Credit Facility and Letter of Credit Facilities (Details Textual)	6 Months Ended
	Jun. 30, 2017USD ($)
Cash Collateral Deposits	$ 26,400,000
Four Committed Letter of Credit [Member]
Letters of Credit Outstanding, Amount	$ 25,900,000
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	1.23%
Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	4.25%
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	0.75%
Unsecured Revolving Credit Facility [Member]
Line of Credit Facility, Current Borrowing Capacity	$ 750,000,000
Line of Credit Facility Covenant, Minimum Tangible Net Worth Requirement	$ 1.65
Line of Credit Facility Covenant, Maximum Leverage Ratio	2
Line of Credit Facility Covenant, Minimum Interest Coverage Ratio	1.25
Long-term Line of Credit	$ 0
Letters of Credit Outstanding, Amount	94,700,000
Line of Credit Facility, Remaining Borrowing Capacity	655,300,000
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,200,000,000
Unsecured Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.75%
Letter of Credit [Member]
Line of Credit Facility, Current Borrowing Capacity	$ 350,000,000
Letter of Credit [Member] | Four Committed Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 48,000,000

Note 13 - Secured Project Deb54

Note 13 - Secured Project Debt and Other Notes Payable (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Homebuilding [Member]
Secured Debt	$ 27,041	$ 27,579

Note 14 - Senior Notes Payabl55

Note 14 - Senior Notes Payable (Details Textual) - USD ($)	1 Months Ended		6 Months Ended
	May 31, 2017	Apr. 30, 2017	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2016
Proceeds from Issuance of Senior Long-term Debt		$ 225,000,000	$ 579,125,000	$ 300,000,000
Repayments of Senior Debt			$ 230,000,000
1.625% Convertible Senior Notes due May 2018 [Member]
Debt Instrument, Interest Rate, Stated Percentage			1.625%	1.625%	1.625%
Debt Instrument, Convertible, Conversion Ratio			31.8753
Debt Instrument, Convertible Principal Amount used in Conversion Rate Calculation			$ 1,000
Debt Instrument, Convertible, Conversion Price			$ 31.37
0.25% Convertible Senior Notes Due June 2019 [Member]
Debt Instrument, Interest Rate, Stated Percentage			0.25%	0.25%
Debt Instrument, Convertible, Conversion Ratio			13.6118
Debt Instrument, Convertible Principal Amount used in Conversion Rate Calculation			$ 1,000
Debt Instrument, Convertible, Conversion Price			$ 73.47
Debt Instrument, Convertible, Threshold Trading Days			20
Debt Instrument, Convertible, Threshold Consecutive Trading Days			30
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%
1.25% Convertible Senior Notes Due August 2032 [Member]
Debt Instrument, Interest Rate, Stated Percentage			1.25%	1.25%
Debt Instrument, Convertible, Conversion Ratio			24.9496
Debt Instrument, Convertible Principal Amount used in Conversion Rate Calculation			$ 1,000
Debt Instrument, Convertible, Conversion Price			$ 40.08
Debt Instrument, Redemption Price, Percentage			100.00%
5.875% Senior Notes Due November 2024 [Member]
Proceeds from Issuance of Senior Long-term Debt		$ 125,000,000
Debt Instrument, Interest Rate, Stated Percentage		5.875%
5.25% Senior Notes due June 2026 [Member]
Proceeds from Issuance of Senior Long-term Debt		$ 100,000,000
Debt Instrument, Interest Rate, Stated Percentage		5.25%
8.4% Senior Notes Due May 2017 [Member]
Repayments of Senior Debt	$ 230,000,000
Debt Instrument, Interest Rate, Stated Percentage		8.40%
5.00% Senior Notes Due 2027 [Member]
Debt Instrument, Face Amount			$ 350,000,000
Debt Instrument, Interest Rate, Stated Percentage			5.00%

Note 14 - Senior Notes Payabl56

Note 14 - Senior Notes Payable - Senior Notes Payable (Details) - Homebuilding [Member] - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Senior notes payable	$ 3,735,232	$ 3,392,208
8.4% Senior Notes Due May 2017 [Member]
Senior notes payable		235,175
8.375% Senior Notes Due May 2018 [Member]
Senior notes payable	574,695	574,501
1.625% Convertible Senior Notes due May 2018 [Member]
Senior notes payable	221,916	220,236
0.25% Convertible Senior Notes Due June 2019 [Member]
Senior notes payable	256,616	253,777
6.625% Senior Notes due May 2020 [Member]
Senior notes payable	316,923	319,909
8.375% Senior Notes Due January 2021 [Member]
Senior notes payable	395,804	395,246
6.25% Senior Notes Due December 15, 2021 [Member]
Senior notes payable	297,861	297,623
5.375% Senior Notes Due October 2022 [Member]
Senior notes payable	249,297	249,230
5.875% Senior Notes Due November 2024 [Member]
Senior notes payable	426,633	296,982
5.25% Senior Notes due June 2026 [Member]
Senior notes payable	395,204	297,483
5.00% Senior Notes Due 2027 [Member]
Senior notes payable	347,419
1.25% Convertible Senior Notes Due August 2032 [Member]
Senior notes payable	$ 252,864	$ 252,046

Note 14 - Senior Notes Payabl57

Note 14 - Senior Notes Payable - Senior Notes Payable (Details) (Parentheticals)	Jun. 30, 2017	Apr. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Mar. 31, 2016
8.4% Senior Notes Due May 2017 [Member]
Interest rate		8.40%
1.625% Convertible Senior Notes due May 2018 [Member]
Interest rate	1.625%			1.625%	1.625%
0.25% Convertible Senior Notes Due June 2019 [Member]
Interest rate	0.25%			0.25%
5.875% Senior Notes Due November 2024 [Member]
Interest rate		5.875%
5.25% Senior Notes due June 2026 [Member]
Interest rate		5.25%
5.00% Senior Notes Due 2027 [Member]
Interest rate	5.00%
1.25% Convertible Senior Notes Due August 2032 [Member]
Interest rate	1.25%			1.25%
Homebuilding [Member] | 8.4% Senior Notes Due May 2017 [Member]
Interest rate			8.40%
Homebuilding [Member] | 8.375% Senior Notes Due May 2018 [Member]
Interest rate	8.375%		8.375%
Homebuilding [Member] | 1.625% Convertible Senior Notes due May 2018 [Member]
Interest rate	1.625%		1.625%
Homebuilding [Member] | 0.25% Convertible Senior Notes Due June 2019 [Member]
Interest rate	0.25%		0.25%
Homebuilding [Member] | 6.625% Senior Notes due May 2020 [Member]
Interest rate	6.625%		6.625%
Homebuilding [Member] | 8.375% Senior Notes Due January 2021 [Member]
Interest rate	8.375%		8.375%
Homebuilding [Member] | 6.25% Senior Notes Due December 15, 2021 [Member]
Interest rate	6.25%		6.25%
Homebuilding [Member] | 5.375% Senior Notes Due October 2022 [Member]
Interest rate	5.375%		5.375%
Homebuilding [Member] | 5.875% Senior Notes Due November 2024 [Member]
Interest rate	5.875%		5.875%
Homebuilding [Member] | 5.25% Senior Notes due June 2026 [Member]
Interest rate	5.25%		5.25%
Homebuilding [Member] | 5.00% Senior Notes Due 2027 [Member]
Interest rate	5.00%
Homebuilding [Member] | 1.25% Convertible Senior Notes Due August 2032 [Member]
Interest rate	1.25%		1.25%

Note 15 - Mortgage Credit Fac58

Note 15 - Mortgage Credit Facility (Details Textual) - Financial Services [Member] - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Warehouse Agreement Borrowings	$ 149,828	$ 247,427
Standard Pacific [Member]
Cash Collateral for Borrowed Securities	3,000
Repurchase Facility [Member] | First Lender [Member] | Maturing January 2017 [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 300,000

Note 16 - Disclosures About F59

Note 16 - Disclosures About Fair Value - Fair Value of Mortgage Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Marketable securities, available-for-sale
Marketable securities, available-for-sale	$ 24,529
Fair Value, Inputs, Level 2 [Member]
Marketable securities, available-for-sale
Mortgage loans held for sale	158,804	$ 265,542
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member]
Marketable securities, available-for-sale
Marketable securities, available-for-sale	9,387	9,387
Fair Value, Inputs, Level 3 [Member] | Metropolitan District Bond Securities [Member]
Marketable securities, available-for-sale
Marketable securities, available-for-sale	$ 15,142	$ 8,711

Note 16 - Disclosures About F60

Note 16 - Disclosures About Fair Value - Carrying Values and Estimated Fair Value of Other Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Financial Services [Member]
Mortgage loans held for investment, net	$ 25,613	$ 24,924
Homebuilding [Member]
Fair value of mortgage loans held for investment, net	3,735,232	3,392,208
Fair Value, Inputs, Level 2 [Member] | Financial Services [Member]
Mortgage loans held for investment, net	25,613	24,924
Fair value of mortgage loans held for investment, net	25,613	24,924
Fair Value, Inputs, Level 2 [Member] | Homebuilding [Member]
Senior and convertible senior notes payable, net	3,735,232	3,392,208
Senior and convertible senior notes payable, net	$ 4,014,703	$ 3,617,838

Note 17 - Commitments and Con61

Note 17 - Commitments and Contingencies (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Nonrefundable Cash Deposits	$ 76,900,000
Capitalized Preacquisition and Other Development and Construction Costs	31,900,000
Remaining Purchase Price of Land Purchase and Option Contracts	$ 1,058,300,000
Number of Joint Ventures the Company Holds Membership Interest In	27
Number of Active Joint Ventures	13
Number of Inactive Joint Ventures	14
Number of Joint Ventures Having Project Specific Non-recourse Debt to the Company	2
Equity Method Investment, Summarized Financial Information, Non-recourse Debt	$ 30,200,000
Outstanding Joint Venture Surety Bonds	0
Outstanding Surety Bonds	947,500,000
Surety Bonds Cost to Complete	500,300,000
Mortgage Loans in Process	$ 338,600,000
Mortgage Loans in Process, Interest Rate	3.60%
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Mortgage	$ 154,800,000
Mortgage Loans Committed to Sell to Investors	23,400,000
Gain (Loss) on Mortgage Loan Related to Indemnification and Repurchase Allowance	100,000	$ 100,000
Mortgage Loan Repurchase Payments	0	$ 100,000
Insurance and Litigation Accruals	232,800,000		$ 233,500,000
Mortgage Loan Repurchase Reserve	3,700,000		$ 3,700,000
Mortgage Loans in Process [Member]
Mortgage Loans Expected to be Originated on a Non-presold Basis	$ 315,200,000

Note 18 - Income Taxes (Details

Note 18 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	$ 15,600		$ 15,600
Income Tax Expense (Benefit)	57,254	$ 66,857	104,502	$ 109,400
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	156,248	$ 179,617	286,116	$ 294,821
Deferred Tax Assets, Operating Loss Carryforwards	96,100		96,100
Deferred Tax Assets, Other	198,200		198,200
Unrecognized Tax Benefits	13,300		$ 13,300		$ 12,100
Latest Tax Year [Member]
Open Tax Year			2,016
Earliest Tax Year [Member]
Open Tax Year			2,012
State and Local Net Operating Loss Carryforwards Limited to Shorter Carryforward Periods [Member]
Deferred Tax Assets, Gross	314,400		$ 314,400
Deferred Tax Assets, Valuation Allowance	1,900		1,900
Subject to 382 Limitations [Member]
Deferred Tax Assets, Operating Loss Carryforwards	15,300		15,300
Not Limited by Section 382 [Member]
Deferred Tax Assets, Operating Loss Carryforwards	$ 4,800		$ 4,800

Note 19 - Supplemental Disclo63

Note 19 - Supplemental Disclosures to Condensed Consolidated Statements of Cash Flows - Supplemental Disclosures of Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Supplemental Disclosures of Cash Flow Information:
Income taxes	$ 116,638	$ 84,335

Note 20 - Supplemental Guaran64

Note 20 - Supplemental Guarantor Information - Condensed Consolidating Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$ 156,248	$ 179,617	$ 286,116	$ 294,821
Provision for income taxes	(57,254)	(66,857)	(104,502)	(109,400)
Net income	98,994	112,760	181,614	185,421
Homebuilding revenues	1,621,114	1,578,362	2,958,813	2,764,045
Cost of sales	(1,297,256)	(1,237,005)	(2,360,111)	(2,175,500)
Gross margin	323,858	341,357	598,702	588,545
Selling, general and administrative expenses	(173,997)	(165,694)	(330,273)	(302,395)
Homebuilding income (loss) from unconsolidated joint ventures	446	223	4,334	1,412
Equity income of subsidiaries
Interest income (expense), net
Other income (expense)	(2,675)	(4,415)	(2,844)	(7,823)
Homebuilding pretax income	147,632	171,471	269,919	279,739
Financial services pretax income	8,616	8,146	16,197	15,082
Reportable Legal Entities [Member] | Parent Company [Member]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	123,980	138,212	222,401	224,636
Provision for income taxes	(24,986)	(25,452)	(40,787)	(39,215)
Net income	98,994	112,760	181,614	185,421
Homebuilding revenues	731,311	648,800	1,308,579	1,110,538
Cost of sales	(592,162)	(516,882)	(1,063,459)	(889,723)
Gross margin	139,149	131,918	245,120	220,815
Selling, general and administrative expenses	(70,729)	(71,235)	(135,437)	(126,286)
Homebuilding income (loss) from unconsolidated joint ventures	351	57	1,025	746
Equity income of subsidiaries	58,400	79,867	115,997	134,034
Interest income (expense), net	720	1,273	1,594	2,610
Other income (expense)	(3,911)	(3,668)	(5,898)	(7,283)
Homebuilding pretax income	123,980	138,212	222,401	224,636
Financial services pretax income
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	47,264	61,956	82,270	97,930
Provision for income taxes	(21,900)	(26,074)	(38,623)	(43,548)
Net income	25,364	35,882	43,647	54,382
Homebuilding revenues	662,781	676,049	1,203,305	1,210,503
Cost of sales	(531,235)	(535,832)	(962,787)	(965,834)
Gross margin	131,546	140,217	240,518	244,669
Selling, general and administrative expenses	(83,694)	(76,915)	(157,085)	(144,761)
Homebuilding income (loss) from unconsolidated joint ventures	165	256	298	400
Equity income of subsidiaries
Interest income (expense), net	(525)	(934)	(1,205)	(1,899)
Other income (expense)	(228)	(668)	(256)	(479)
Homebuilding pretax income	47,264	61,956	82,270	97,930
Financial services pretax income
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	43,404	59,316	97,442	106,289
Provision for income taxes	(10,368)	(15,331)	(25,092)	(26,637)
Net income	33,036	43,985	72,350	79,652
Homebuilding revenues	227,022	253,513	446,929	443,004
Cost of sales	(173,859)	(184,291)	(333,865)	(319,943)
Gross margin	53,163	69,222	113,064	123,061
Selling, general and administrative expenses	(19,574)	(17,544)	(37,751)	(31,348)
Homebuilding income (loss) from unconsolidated joint ventures	(70)	(90)	3,011	266
Equity income of subsidiaries
Interest income (expense), net	(195)	(339)	(389)	(711)
Other income (expense)	1,464	(79)	3,310	(61)
Homebuilding pretax income	34,788	51,170	81,245	91,207
Financial services pretax income	8,616	8,146	16,197	15,082
Consolidation, Eliminations [Member]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	(58,400)	(79,867)	(115,997)	(134,034)
Provision for income taxes
Net income	(58,400)	(79,867)	(115,997)	(134,034)
Homebuilding revenues
Cost of sales
Gross margin
Selling, general and administrative expenses
Homebuilding income (loss) from unconsolidated joint ventures
Equity income of subsidiaries	(58,400)	(79,867)	(115,997)	(134,034)
Interest income (expense), net
Other income (expense)
Homebuilding pretax income	(58,400)	(79,867)	(115,997)	(134,034)
Financial services pretax income

Note 20 - Supplemental Guaran65

Note 20 - Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Owned	$ 6,654,990	$ 6,438,792
Assets	8,866,796	8,709,044
Total liabilities	4,620,426	4,501,458
Total Stockholders' Equity	4,235,706	4,207,586
Stockholders' Equity Attributable to Noncontrolling Interest	10,664
Total Equity	4,246,370	4,207,586
Total Liabilities and Equity	8,866,796	8,709,044
Cash and Cash Equivalents, at Carrying Value	215,694	208,127	$ 287,870	$ 186,594
Reportable Legal Entities [Member] | Parent Company [Member]
Assets	8,707,514	8,438,528
Total liabilities	4,471,808	4,230,942
Total Stockholders' Equity	4,235,706
Stockholders' Equity Attributable to Noncontrolling Interest
Total Equity	4,235,706	4,207,586
Total Liabilities and Equity	8,707,514	8,438,528
Cash and Cash Equivalents, at Carrying Value	41,081	105,261	128,263	6,387
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Assets	2,388,415	2,390,295
Total liabilities	1,335,430	1,380,957
Total Stockholders' Equity	1,052,985
Stockholders' Equity Attributable to Noncontrolling Interest
Total Equity	1,052,985	1,009,338
Total Liabilities and Equity	2,388,415	2,390,295
Cash and Cash Equivalents, at Carrying Value	31,168	38,211	58,593	112,852
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Assets	2,287,685	2,223,782
Total liabilities	1,260,801	1,278,702
Total Stockholders' Equity	1,016,220
Stockholders' Equity Attributable to Noncontrolling Interest	10,664
Total Equity	1,026,884	945,080
Total Liabilities and Equity	2,287,685	2,223,782
Cash and Cash Equivalents, at Carrying Value	143,445	64,655	101,014	67,355
Consolidation, Eliminations [Member]
Assets	(4,516,818)	(4,343,561)
Total liabilities	(2,447,613)	(2,389,143)
Total Stockholders' Equity	(2,069,205)
Stockholders' Equity Attributable to Noncontrolling Interest
Total Equity	(2,069,205)	(1,954,418)
Total Liabilities and Equity	(4,516,818)	(4,343,561)
Cash and Cash Equivalents, at Carrying Value
Homebuilding [Member]
Intercompany receivables
Owned	6,654,990	6,438,792
Not owned	86,618	66,267
Homebuilding investments in unconsolidated joint ventures	125,768	127,127
Investments in subsidiaries
Deferred income taxes, net	312,471	330,378
Goodwill	985,185	970,185
Other assets	233,785	204,489
Assets	8,599,017	8,356,645
Accounts payable	146,383	211,780
Accrued liabilities and intercompany payables	542,568	599,905
Secured Debt	27,041	27,579
Senior notes payable	3,735,232	3,392,208
Total liabilities	4,451,224	4,231,472
Cash and Cash Equivalents, at Carrying Value	167,833	191,086
Restricted Cash and Cash Equivalents	32,367	28,321
Homebuilding [Member] | Reportable Legal Entities [Member] | Parent Company [Member]
Intercompany receivables	2,118,245	2,045,773
Owned	2,970,751	2,825,234
Not owned	42,190	30,953
Homebuilding investments in unconsolidated joint ventures	4,889	4,469
Investments in subsidiaries	2,069,205	1,954,418
Deferred income taxes, net	319,114	337,021
Goodwill	970,185	970,185
Other assets	171,854	165,214
Assets	8,707,514	8,438,528
Accounts payable	67,733	92,611
Accrued liabilities and intercompany payables	323,820	387,098
Secured Debt	345,023	359,025
Senior notes payable	3,735,232	3,392,208
Total liabilities	4,471,808	4,230,942
Cash and Cash Equivalents, at Carrying Value	41,081	105,261
Restricted Cash and Cash Equivalents
Homebuilding [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Intercompany receivables
Owned	2,278,861	2,277,840
Not owned	32,927	32,596
Homebuilding investments in unconsolidated joint ventures	4,228	4,923
Investments in subsidiaries
Deferred income taxes, net
Goodwill
Other assets	41,231	36,725
Assets	2,388,415	2,390,295
Accounts payable	58,565	78,729
Accrued liabilities and intercompany payables	1,276,865	1,302,228
Secured Debt
Senior notes payable
Total liabilities	1,335,430	1,380,957
Cash and Cash Equivalents, at Carrying Value	31,168	38,211
Restricted Cash and Cash Equivalents
Homebuilding [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Intercompany receivables	320,924	334,926
Owned	1,405,378	1,335,718
Not owned	11,501	2,718
Homebuilding investments in unconsolidated joint ventures	116,651	117,735
Investments in subsidiaries
Deferred income taxes, net
Goodwill	15,000
Other assets	20,700	2,550
Assets	2,018,105	1,869,582
Accounts payable	20,085	40,440
Accrued liabilities and intercompany payables	1,068,572	964,796
Secured Debt	2,942	3,480
Senior notes payable
Total liabilities	1,091,599	1,008,716
Cash and Cash Equivalents, at Carrying Value	95,584	47,614
Restricted Cash and Cash Equivalents	32,367	28,321
Homebuilding [Member] | Consolidation, Eliminations [Member]
Intercompany receivables	(2,439,169)	(2,380,699)
Owned
Not owned
Homebuilding investments in unconsolidated joint ventures
Investments in subsidiaries	(2,069,205)	(1,954,418)
Deferred income taxes, net	(6,643)	(6,643)
Goodwill
Other assets
Assets	(4,515,017)	(4,341,760)
Accounts payable
Accrued liabilities and intercompany payables	(2,126,689)	(2,054,217)
Secured Debt	(320,924)	(334,926)
Senior notes payable
Total liabilities	(2,447,613)	(2,389,143)
Cash and Cash Equivalents, at Carrying Value
Restricted Cash and Cash Equivalents
Financial Services [Member]
Mortgage loans held for sale, net	155,180	262,058
Mortgage loans held for investment, net	25,613	24,924
Other assets	17,750	26,666
Assets	267,779	352,399
Accounts payable and other liabilities	19,374	22,559
Warehouse Agreement Borrowings	149,828	247,427
Total liabilities	169,202	269,986
Cash and Cash Equivalents, at Carrying Value	47,861	17,041
Restricted Cash and Cash Equivalents	21,375	21,710
Financial Services [Member] | Reportable Legal Entities [Member] | Parent Company [Member]
Mortgage loans held for sale, net
Mortgage loans held for investment, net
Other assets
Assets
Accounts payable and other liabilities
Warehouse Agreement Borrowings
Total liabilities
Cash and Cash Equivalents, at Carrying Value
Restricted Cash and Cash Equivalents
Financial Services [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Mortgage loans held for sale, net
Mortgage loans held for investment, net
Other assets
Assets
Accounts payable and other liabilities
Warehouse Agreement Borrowings
Total liabilities
Cash and Cash Equivalents, at Carrying Value
Restricted Cash and Cash Equivalents
Financial Services [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Mortgage loans held for sale, net	155,180	262,058
Mortgage loans held for investment, net	25,613	24,924
Other assets	19,551	28,467
Assets	269,580	354,200
Accounts payable and other liabilities	19,374	22,559
Warehouse Agreement Borrowings	149,828	247,427
Total liabilities	169,202	269,986
Cash and Cash Equivalents, at Carrying Value	47,861	17,041
Restricted Cash and Cash Equivalents	21,375	21,710
Financial Services [Member] | Consolidation, Eliminations [Member]
Mortgage loans held for sale, net
Mortgage loans held for investment, net
Other assets	(1,801)	(1,801)
Assets	(1,801)	(1,801)
Accounts payable and other liabilities
Warehouse Agreement Borrowings
Total liabilities
Cash and Cash Equivalents, at Carrying Value
Restricted Cash and Cash Equivalents

Note 20 - Supplemental Guaran66

Note 20 - Supplemental Guarantor Information - Condensed Consolidating Statements of Cash Flows (Details) - USD ($)	1 Months Ended	6 Months Ended
	Apr. 30, 2017	Jun. 30, 2017	Jun. 30, 2016
Proceeds from the issuance of senior notes payable	$ 225,000,000	$ 579,125,000	$ 300,000,000
Payment of debt issuance costs		(4,595,000)	(2,195,000)
Loan from subsidiary
Net proceeds from (payments on) mortgage credit facility		(97,599,000)	(128,908,000)
(Contributions to) distributions from Corporate and subsidiaries
Repurchases of common stock		(150,014,000)	(99,829,000)
Common stock dividend payments		(9,019,000)	(9,527,000)
Issuance of common stock under employee stock plans, net of tax withholdings		(5,303,000)	1,069,000
Other financing activities		(67,000)	(199,000)
Intercompany advances, net
Net cash provided by (used in) financing activities		78,202,000	56,305,000
Net increase (decrease) in cash and equivalents		7,567,000	101,276,000
Cash and equivalents at beginning of period		208,127,000	186,594,000
Net cash provided by (used in) operating activities		592,000	63,614,000
Net cash provided by (used in) operating activities		592,000	63,614,000
Investments in unconsolidated homebuilding joint ventures		(25,002,000)	(22,592,000)
Distributions of capital from unconsolidated homebuilding joint ventures		8,045,000	8,115,000
Net cash paid for acquisitions		(44,477,000)
Loan to parent and subsidiaries
Other investing activities		(9,793,000)	(4,166,000)
Net cash provided by (used in) investing activities		(71,227,000)	(18,643,000)
Change in restricted cash		(3,711,000)	6,063,000
Borrowings from revolving credit facility		264,450,000	693,700,000
Principal payments on revolving credit facility		(264,450,000)	(693,700,000)
Principal payments on secured project debt and other notes payable		(615,000)	(10,169,000)
Principal payment on senior notes payable		(230,000,000)
Proceeds from Issuance of Senior Long-term Debt	$ 225,000,000	579,125,000	300,000,000
Payment of debt issuance costs		(4,595,000)	(2,195,000)
Cash and equivalents at end of period		215,694,000	287,870,000
Reportable Legal Entities [Member] | Parent Company [Member]
Proceeds from the issuance of senior notes payable		579,125,000	300,000,000
Payment of debt issuance costs		(4,595,000)	(2,195,000)
Loan from subsidiary		(12,596,000)	(41,000,000)
Net proceeds from (payments on) mortgage credit facility
(Contributions to) distributions from Corporate and subsidiaries		1,210,000	8,300,000
Repurchases of common stock		(150,014,000)	(99,829,000)
Common stock dividend payments		(9,019,000)	(9,527,000)
Issuance of common stock under employee stock plans, net of tax withholdings		(5,303,000)	1,069,000
Other financing activities
Intercompany advances, net		(71,048,000)	122,427,000
Net cash provided by (used in) financing activities		97,760,000	269,271,000
Net increase (decrease) in cash and equivalents		(64,180,000)	121,876,000
Cash and equivalents at beginning of period		105,261,000	6,387,000
Net cash provided by (used in) operating activities		(161,020,000)	(148,603,000)
Net cash provided by (used in) operating activities		(161,020,000)	(148,603,000)
Investments in unconsolidated homebuilding joint ventures		(137,000)	(178,000)
Distributions of capital from unconsolidated homebuilding joint ventures		500,000	1,107,000
Net cash paid for acquisitions
Loan to parent and subsidiaries
Other investing activities		(1,283,000)	279,000
Net cash provided by (used in) investing activities		(920,000)	1,208,000
Change in restricted cash
Borrowings from revolving credit facility		264,450,000	693,700,000
Principal payments on revolving credit facility		(264,450,000)	(693,700,000)
Principal payments on secured project debt and other notes payable			(9,974,000)
Principal payment on senior notes payable		(230,000,000)
Proceeds from Issuance of Senior Long-term Debt		579,125,000	300,000,000
Payment of debt issuance costs		(4,595,000)	(2,195,000)
Cash and equivalents at end of period		41,081,000	128,263,000
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Proceeds from the issuance of senior notes payable
Payment of debt issuance costs
Loan from subsidiary
Net proceeds from (payments on) mortgage credit facility
(Contributions to) distributions from Corporate and subsidiaries
Repurchases of common stock
Common stock dividend payments
Issuance of common stock under employee stock plans, net of tax withholdings
Other financing activities			(199,000)
Intercompany advances, net		(17,474,000)	(130,705,000)
Net cash provided by (used in) financing activities		(17,474,000)	(130,904,000)
Net increase (decrease) in cash and equivalents		(7,043,000)	(54,259,000)
Cash and equivalents at beginning of period		38,211,000	112,852,000
Net cash provided by (used in) operating activities		10,352,000	77,589,000
Net cash provided by (used in) operating activities		10,352,000	77,589,000
Investments in unconsolidated homebuilding joint ventures		(59,000)	(78,000)
Distributions of capital from unconsolidated homebuilding joint ventures		1,117,000	110,000
Net cash paid for acquisitions
Loan to parent and subsidiaries
Other investing activities		(979,000)	(976,000)
Net cash provided by (used in) investing activities		79,000	(944,000)
Change in restricted cash
Borrowings from revolving credit facility
Principal payments on revolving credit facility
Principal payments on secured project debt and other notes payable
Principal payment on senior notes payable
Proceeds from Issuance of Senior Long-term Debt
Payment of debt issuance costs
Cash and equivalents at end of period		31,168,000	58,593,000
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Proceeds from the issuance of senior notes payable
Payment of debt issuance costs
Loan from subsidiary
Net proceeds from (payments on) mortgage credit facility		(97,599,000)	(128,908,000)
(Contributions to) distributions from Corporate and subsidiaries		(1,210,000)	(8,300,000)
Repurchases of common stock
Common stock dividend payments
Issuance of common stock under employee stock plans, net of tax withholdings
Other financing activities		(67,000)
Intercompany advances, net		88,522,000	8,278,000
Net cash provided by (used in) financing activities		(14,680,000)	(123,062,000)
Net increase (decrease) in cash and equivalents		78,790,000	33,659,000
Cash and equivalents at beginning of period		64,655,000	67,355,000
Net cash provided by (used in) operating activities		151,260,000	134,628,000
Net cash provided by (used in) operating activities		151,260,000	134,628,000
Investments in unconsolidated homebuilding joint ventures		(24,806,000)	(22,336,000)
Distributions of capital from unconsolidated homebuilding joint ventures		6,428,000	6,898,000
Net cash paid for acquisitions		(44,477,000)
Loan to parent and subsidiaries		12,596,000	41,000,000
Other investing activities		(7,531,000)	(3,469,000)
Net cash provided by (used in) investing activities		(57,790,000)	22,093,000
Change in restricted cash		(3,711,000)	6,063,000
Borrowings from revolving credit facility
Principal payments on revolving credit facility
Principal payments on secured project debt and other notes payable		(615,000)	(195,000)
Principal payment on senior notes payable
Proceeds from Issuance of Senior Long-term Debt
Payment of debt issuance costs
Cash and equivalents at end of period		143,445,000	101,014,000
Consolidation, Eliminations [Member]
Proceeds from the issuance of senior notes payable
Payment of debt issuance costs
Loan from subsidiary		12,596,000	41,000,000
Net proceeds from (payments on) mortgage credit facility
(Contributions to) distributions from Corporate and subsidiaries
Repurchases of common stock
Common stock dividend payments
Issuance of common stock under employee stock plans, net of tax withholdings
Other financing activities
Intercompany advances, net
Net cash provided by (used in) financing activities		12,596,000	41,000,000
Net increase (decrease) in cash and equivalents
Cash and equivalents at beginning of period
Net cash provided by (used in) operating activities
Net cash provided by (used in) operating activities
Investments in unconsolidated homebuilding joint ventures
Distributions of capital from unconsolidated homebuilding joint ventures
Net cash paid for acquisitions
Loan to parent and subsidiaries		(12,596,000)	(41,000,000)
Other investing activities
Net cash provided by (used in) investing activities		(12,596,000)	(41,000,000)
Change in restricted cash
Borrowings from revolving credit facility
Principal payments on revolving credit facility
Principal payments on secured project debt and other notes payable
Principal payment on senior notes payable
Proceeds from Issuance of Senior Long-term Debt
Payment of debt issuance costs
Cash and equivalents at end of period

Uncategorized Items - caa-20170

Label	Element	Value
caa_CashAndEquivalentsAndRestrictedCashAtEndOfPeriod	caa_CashAndEquivalentsAndRestrictedCashAtEndOfPeriod	$ 269,436,000
caa_CashAndEquivalentsAndRestrictedCashAtEndOfPeriod	caa_CashAndEquivalentsAndRestrictedCashAtEndOfPeriod	340,711,000
Financial services restricted cash at end of period	caa_FinancialServicesRestrictedCashAtEndOfPeriod	21,375,000
Financial services restricted cash at end of period	caa_FinancialServicesRestrictedCashAtEndOfPeriod	22,008,000
Homebuilding restricted cash at end of period	caa_HomebuildingRestrictedCashAtEndOfPeriod	32,367,000
Homebuilding restricted cash at end of period	caa_HomebuildingRestrictedCashAtEndOfPeriod	$ 30,833,000