SEC Info - Ryland Group Inc - ‘10-Q’ for 3/31/12

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Ryland Group Inc – ‘10-Q’ for 3/31/12 – ‘R17’

On: Tuesday, 5/8/12, at 4:15pm ET · For: 3/31/12 · Accession #: 1104659-12-34489 · File #: 1-08029

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/08/12  Ryland Group Inc                  10-Q        3/31/12   80:15M                                    Toppan Merrill/FA

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.11M 
 2: EX-12.1     Statement re: Computation of Ratios                 HTML     62K 
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     28K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     28K 
 5: EX-32.1     Certification -- §906 - SOA'02                      HTML     24K 
 6: EX-32.2     Certification -- §906 - SOA'02                      HTML     24K 
54: R1          Document and Entity Information                     HTML     43K 
42: R2          Consolidated Statements of Earnings                 HTML    119K 
52: R3          Consolidated Balance Sheets                         HTML    119K 
56: R4          Consolidated Balance Sheets (Parenthetical)         HTML     39K 
74: R5          Consolidated Statements of Cash Flows               HTML    132K 
44: R6          Consolidated Statements of Cash Flows               HTML     24K 
                (Parenthetical)                                                  
51: R7          Consolidated Statement of Stockholders' Equity      HTML     49K 
38: R8          Consolidated Statement of Stockholders' Equity      HTML     24K 
                (Parenthetical)                                                  
28: R9          Consolidated Statements of Other Comprehensive      HTML     24K 
                Income                                                           
75: R10         Consolidated Financial Statements                   HTML     35K 
58: R11         Comprehensive Loss                                  HTML     30K 
57: R12         Cash, Cash Equivalents and Restricted Cash          HTML     30K 
63: R13         Segment Information                                 HTML     70K 
64: R14         Earnings Per Share Reconciliation                   HTML     69K 
61: R15         Marketable Securities, Available-for-sale           HTML    139K 
65: R16         Housing Inventories                                 HTML     83K 
53: R17         Variable Interest Entities ("Vie")                  HTML     29K 
55: R18         Investments in Joint Ventures                       HTML     62K 
60: R19         Debt and Credit Facilities                          HTML     57K 
80: R20         Fair Values of Financial and Nonfinancial           HTML    112K 
                Instruments                                                      
70: R21         Postretirement Benefits                             HTML     34K 
48: R22         Income Taxes                                        HTML     31K 
59: R23         Stock-Based Compensation                            HTML    110K 
50: R24         Commitments and Contingencies                       HTML    118K 
21: R25         New Accounting Pronouncements                       HTML     30K 
71: R26         Supplemental Guarantor Information                  HTML    586K 
77: R27         Discontinued Operations                             HTML     48K 
33: R28         Subsequent Events                                   HTML     24K 
32: R29         Segment Information (Tables)                        HTML     63K 
36: R30         Earnings Per Share Reconciliation (Tables)          HTML     61K 
37: R31         Marketable Securities, Available-for-sale (Tables)  HTML    136K 
39: R32         Housing Inventories (Tables)                        HTML     74K 
19: R33         Investments in Joint Ventures (Tables)              HTML     56K 
68: R34         Debt and Credit Facilities (Tables)                 HTML     54K 
46: R35         Fair Values of Financial and Nonfinancial           HTML    102K 
                Instruments (Tables)                                             
49: R36         Stock-Based Compensation (Tables)                   HTML    102K 
24: R37         Commitments and Contingencies (Tables)              HTML    116K 
79: R38         Supplemental Guarantor Information (Tables)         HTML    573K 
13: R39         Discontinued Operations (Tables)                    HTML     44K 
40: R40         Consolidated Financial Statements (Details)         HTML     28K 
73: R41         Comprehensive Loss (Details)                        HTML     26K 
23: R42         Cash, Cash Equivalents and Restricted Cash          HTML     40K 
                (Details)                                                        
31: R43         Segment Information (Details)                       HTML     48K 
35: R44         Earnings Per Share Reconciliation (Details)         HTML     86K 
43: R45         Marketable Securities, Available-for-sale           HTML     62K 
                (Details)                                                        
18: R46         Marketable Securities, Available-for-sale (Details  HTML     38K 
                2)                                                               
27: R47         Housing Inventories (Details)                       HTML     59K 
16: R48         Variable Interest Entities ("Vie") (Details)        HTML     34K 
72: R49         Investments in Joint Ventures (Details)             HTML     47K 
22: R50         Debt and Credit Facilities (Details)                HTML     56K 
69: R51         Fair Values of Financial and Nonfinancial           HTML     64K 
                Instruments (Details)                                            
25: R52         Fair Values of Financial and Nonfinancial           HTML     35K 
                Instruments (Details 2)                                          
41: R53         Fair Values of Financial and Nonfinancial           HTML     30K 
                Instruments (Details 3)                                          
14: R54         Postretirement Benefits (Details)                   HTML     51K 
17: R55         Income Taxes (Details)                              HTML     40K 
34: R56         Stock-Based Compensation (Details)                  HTML    108K 
20: R57         Stock-Based Compensation (Details 2)                HTML     46K 
76: R58         Commitments and Contingencies (Details)             HTML     54K 
45: R59         Commitments and Contingencies (Details 2)           HTML     66K 
62: R60         Supplemental Guarantor Information (Details)        HTML     29K 
26: R61         Supplemental Guarantor Information (Details 2)      HTML     67K 
29: R62         Supplemental Guarantor Information (Details 3)      HTML    106K 
67: R63         Supplemental Guarantor Information (Details 4)      HTML    153K 
66: R64         Supplemental Guarantor Information (Details 5)      HTML     30K 
47: R65         Discontinued Operations (Details)                   HTML     50K 
78: XML         IDEA XML File -- Filing Summary                      XML    118K 
30: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   2.80M 
 7: EX-101.INS  XBRL Instance -- ryl-20120331                        XML   3.58M 
 9: EX-101.CAL  XBRL Calculations -- ryl-20120331_cal                XML    200K 
12: EX-101.DEF  XBRL Definitions -- ryl-20120331_def                 XML   1.10M 
10: EX-101.LAB  XBRL Labels -- ryl-20120331_lab                      XML   3.14M 
11: EX-101.PRE  XBRL Presentations -- ryl-20120331_pre               XML   1.60M 
 8: EX-101.SCH  XBRL Schema -- ryl-20120331                          XSD    271K 
15: ZIP         XBRL Zipped Folder -- 0001104659-12-034489-xbrl      Zip    283K

‘R17’ — Variable Interest Entities (”Vie”)

This is an IDEA Financial Report. [ Alternative Formats ]

Variable Interest Entities ("VIE")

3 Months Ended

Mar. 31, 2012

Variable Interest Entities ("VIE")

Variable Interest Entities ("VIE")

Note 8. Variable Interest Entities (“VIE”)

As required by ASC No. 810 (“ASC 810”), “Consolidation of Variable Interest Entities,” a VIE is to be consolidated by a company if that company has the power to direct the VIE’s activities and the obligation to absorb its losses or the right to receive its benefits, which are potentially significant to the VIE. ASC 810 also requires disclosures about VIEs that the company is not obligated to consolidate, but in which it has a significant, though not primary, variable interest.

The Company enters into joint ventures, from time to time, for the purpose of acquisition and co-development of land parcels and lots. Its investment in these joint ventures may create a variable interest in a VIE, depending on the contractual terms of the arrangement. Additionally, in the ordinary course of business, the Company enters into lot option purchase contracts in order to procure land for the construction of homes. Under such lot option purchase contracts, the Company funds stated deposits in consideration for the right to purchase lots at a future point in time, usually at predetermined prices. The Company’s liability is generally limited to forfeiture of nonrefundable deposits, letters of credit and other nonrefundable amounts incurred. In accordance with the requirements of ASC 810, certain of the Company’s lot option purchase contracts may result in the creation of a variable interest in a VIE.

In compliance with the provisions of ASC 810, the Company consolidated $49.0 million and $51.4 million of inventory not owned related to land and lot option purchase contracts at March 31, 2012 and December 31, 2011, respectively. Although the Company may not have had legal title to the optioned land, under ASC 810, it had the primary variable interest and was required to consolidate the particular VIE’s assets under option at fair value. To reflect the fair value of the inventory consolidated under ASC 810, the Company included $17.1 million and $17.2 million of its related cash deposits for lot option purchase contracts at March 31, 2012 and December 31, 2011, respectively, in “Consolidated inventory not owned” within the Consolidated Balance Sheets. Noncontrolling interest totaled $32.0 million and $34.2 million with respect to the consolidation of these contracts at March 31, 2012 and December 31, 2011, respectively, representing the selling entities’ ownership interests in these VIEs. Additionally, the Company had cash deposits and/or letters of credit totaling $21.9 million and $22.3 million at March 31, 2012 and December 31, 2011, respectively, that were associated with lot option purchase contracts having aggregate purchase prices of $203.5 million and $208.5 million, respectively. As the Company did not have the primary variable interest in these contracts, it was not required to consolidate them.

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-Q’ Filing	Date	Other Filings

Filed on:	5/8/12
For Period end:	3/31/12
	12/31/11	10-K, 11-K
		List all Filings

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Filing Submission 0001104659-12-034489 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)