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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2016
Accounting Policies [Abstract] |
Schedule of Other Expense (Income), Net | Other expense, net consists of the following ($000’s omitted):
| 2016 |  | 2015 |  | 2014
Write-offs of deposits and pre-acquisition costs (Note 3) | $ | 17,157 |  |  | $ | 5,021 |  |  | $ | 6,099 |
Loss on debt retirements (Note 6) | 657 |  |  | — |  |  | 8,584 |
Lease exit and related costs (a) | 11,643 |  |  | 2,463 |  |  | 9,609 |
Amortization of intangible assets (Note 1) | 13,800 |  |  | 12,900 |  |  | 13,033 |
Equity in (earnings) loss of unconsolidated entities (Note 5) | (8,337 | ) |  | (7,355 | ) |  | (8,226 | )
Interest income | (3,236 | ) |  | (3,107 | ) |  | (4,632 | )
Interest expense | 686 |  |  | 788 |  |  | 849 |
Miscellaneous, net (b) | 16,444 |  |  | 6,653 |  |  | 1,420 |
Total other expense, net | $ | 48,814 |  |  | $ | 17,363 |  |  | $ | 26,736 |
(a) | Lease exit and related costs for 2016 resulted from actions taken to reduce overheads and the substantial completion of our corporate headquarters relocation from Michigan to Georgia, which began in 2013 (see Note 2). Costs for 2015 and 2014 are primarily attributable to those same relocation efforts.
(b) | Miscellaneous, net includes a charge of $15.0 million in 2016 related to the settlement of a disputed land transaction and a charge of $20.0 million in 2015 resulting from the Applecross matter (see Note 12).
Schedule of Earnings Per Share of Common Stock | The following table presents the earnings per common share (000's omitted, except per share data):
| December 31, 2016 |  | December 31, 2015 |  | December 31, 2014
Numerator: |  |  |  |  |
Net income | $ | 602,703 |  |  | $ | 494,090 |  |  | $ | 474,338 |
Less: earnings distributed to participating securities | (1,100 | ) |  | (755 | ) |  | (583 | )
Less: undistributed earnings allocated to participating securities | (3,622 | ) |  | (2,448 | ) |  | (2,668 | )
Numerator for basic earnings per share | $ | 597,981 |  |  | $ | 490,887 |  |  | $ | 471,087 |
Add back: undistributed earnings allocated to participating securities | 3,622 |  |  | 2,448 |  |  | 2,668 |
Less: undistributed earnings reallocated to participating securities | (3,602 | ) |  | (2,429 | ) |  | (2,643 | )
Numerator for diluted earnings per share | $ | 598,001 |  |  | $ | 490,906 |  |  | $ | 471,112 |
Denominator: |  |  |  |  |
Basic shares outstanding | 339,747 |  |  | 356,576 |  |  | 370,377 |
Effect of dilutive securities | 2,376 |  |  | 3,217 |  |  | 3,725 |
Diluted shares outstanding | 342,123 |  |  | 359,793 |  |  | 374,102 |
Earnings per share: |  |  |  |  |
Basic | $ | 1.76 |  |  | $ | 1.38 |  |  | $ | 1.27 |
Diluted | $ | 1.75 |  |  | $ | 1.36 |  |  | $ | 1.26 |
Schedule Of Company Interests In Land Option Agreements | The following provides a summary of our interests in land option agreements ($000’s omitted):
| December 31, 2016 |  | December 31, 2015
| Deposits and Pre-acquisition Costs |  | Remaining Purchase Price |  | Deposits and Pre-acquisition Costs |  | Remaining Purchase Price
Land options with VIEs | $ | 68,527 |  |  | $ | 849,901 |  |  | $ | 77,641 |  |  | $ | 1,064,506 |
Other land options | 126,909 |  |  | 1,252,662 |  |  | 84,478 |  |  | 981,687 |
| $ | 195,436 |  |  | $ | 2,102,563 |  |  | $ | 162,119 |  |  | $ | 2,046,193 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The fair values of derivative instruments and their location in the Consolidated Balance Sheets are summarized below ($000’s omitted):
| December 31, 2016 |  | December 31, 2015
| Other Assets |  | Other Liabilities |  | Other Assets |  | Other Liabilities
Interest rate lock commitments | $ | 9,194 |  |  | $ | 501 |  |  | $ | 5,854 |  |  | $ | 280 |
Forward contracts | 8,085 |  |  | 1,004 |  |  | 1,178 |  |  | 840 |
Whole loan commitments | 1,135 |  |  | 863 |  |  | 358 |  |  | 345 |
| $ | 18,414 |  |  | $ | 2,368 |  |  | $ | 7,390 |  |  | $ | 1,465 |

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