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BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Property and Equipment, net

At December 31, 2015 and 2014, property and equipment, net consisted of the following (in thousands):

		At December 31,
		2015				2014
Computer and office equipment		$	32,216			$	30,084
Model home furnishings		41,252				36,403
Gross property and equipment		73,468				66,487
Accumulated depreciation		(39,498		)		(34,084		)
Total		$	33,970			$	32,403

Schedule of Accrued Liabilities

Accrued liabilities at December 31, 2015 and 2014 consisted of the following (in thousands):

		At December 31,
		2015				2014
Accruals related to real estate development and construction activities		$	37,509			$	34,975
Payroll and other benefits		41,240				44,107
Accrued taxes		9,950				11,096
Warranty reserves		21,615				22,080
Legal reserves		18,812				16,499
Other accruals		32,037				25,387
Total		$	161,163			$	154,144

Schedule of Surety Bond and Letter of Credit Obligations

The table below outlines our surety bond and letter of credit obligations (in thousands):

		December 31, 2015								December 31, 2014
		Outstanding				Estimated work remaining to complete (unaudited)				Outstanding				Estimated work remaining to complete (unaudited)
Sureties:
Sureties related to joint ventures		$	87			$	87			$	87			$	87
Sureties related to owned projects and lots under contract		250,639				103,200				230,079				93,667
Total Sureties		$	250,726			$	103,287			$	230,166			$	93,754
Letters of Credit (“LOCs”):
LOCs in lieu of deposits for contracted lots		$	—			N/A				$	1,200			N/A
LOCs for land development		23,934				N/A				13,789				N/A
LOCs for general corporate operations		3,750				N/A				4,500				N/A
Total LOCs		$	27,684			N/A				$	19,489			N/A

Summary of Changes in Warranty Reserves

A summary of changes in our warranty reserves follows (in thousands):

		Year Ended December 31,
		2015				2014
Balance, beginning of year		$	22,080			$	21,971
Additions to reserve from new home deliveries		12,924				11,929
Warranty claims		(14,508		)		(12,320		)
Adjustments to pre-existing reserves		1,119				500
Balance, end of year		$	21,615			$	22,080

X

- Definition

The tabular disclosure of the Company's other off-balance sheet financing arrangements including a detailed description of the letters of credit and surety bond obligations.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.13)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 13
-Subparagraph b
-Article 5

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Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=51674963&loc=d3e12565-110249

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