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Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Schedule of Cumulative Effect of Changes on Consolidated Balance Sheet Resulting From Adoption of ASC 606

The cumulative effect of the changes made to our consolidated January 1, 2018 balance sheet resulting from the adoption of ASC 606 was as follows (in thousands):

		Balance at December 31, 2017				Adjustments due to ASC 606				Balance at January 1, 2018
Assets
Real estate inventories		$	3,105,553			$	(49,317	)		$	3,056,236
Deferred income tax asset		76,413				2,429				78,842
Other assets		48,070				39,534				87,604
Equity
Retained earnings		1,134,230				(7,354		)		1,126,876

Schedule of Impact of Adopting ASC 606 on Consolidated Statements of Operations

In accordance with ASC 606 disclosure requirements, the impact of adopting ASC 606 on our consolidated statements of operations and balance sheets for the year ended December 31, 2018 was as follows (in thousands, except per share amounts):

		Year Ended December 31, 2018
		As Reported				Balances Without Adoption of ASC 606				Effect of Change Higher/(Lower)
Statements of Operations
Revenues
Home sales		$	3,244,087			$	3,244,669			$	(582	)
Costs and expenses
Cost of home sales		2,536,899				2,575,992				(39,093		)
Sales and marketing		187,267				159,482				27,785
Provision for income taxes		(90,552		)		(87,871		)		2,681
Net income		269,911				261,866				8,045
Diluted earnings per share		$	1.81			$	1.76			$	0.05
		As of December 31, 2018
		As Reported				Balances Without Adoption of ASC 606				Effect of Change Higher/(Lower)
Balance Sheet
Assets
Real estate inventories		$	3,216,059			$	3,258,232			$	(42,173	)
Deferred tax assets, net		67,768				62,656				5,112
Other assets		105,251				64,033				41,218
Liabilities
Accrued expenses and other liabilities		335,149				335,344				(195		)
Equity
Retained earnings		1,396,787				1,392,435				4,352

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