Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating activities:
Net income	$ 60,261	$ 54,526	$ 135,603
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	2,663	2,874	3,795
Stock based compensation expense	6,570	6,114	3,793
Equity in income of unconsolidated joint ventures	(3,239)	(555)	0
Distributions from unconsolidated joint ventures	1,075	353	0
Loss on sale of fixed asset	0	0	4
Net change in deferred income taxes	8,313	7,812	(95,580)
Net changes in operating assets and liabilities, net of impact of Acquisition of Polygon Northwest Homes:
Restricted cash	0	350	(1)
Receivables	6,663	(4,554)	(6,050)
Escrow proceeds receivable	(126)	1,465	0
Other assets	758	(5,588)	1,069
Accounts payable	24,067	34,103	(1,636)
Accrued expenses	(15,045)	21,290	18,596
Liabilities from real estate inventories not owned	0	(12,960)	(26,069)
Net cash used in operating activities	(172,908)	(159,807)	(174,534)
Investing activities:
Investment in and advances to unconsolidated joint ventures	(1,000)	(500)	0
Cash paid for acquisitions, net	0	(492,418)	0
Purchases of property and equipment	(4,800)	(2,078)	(3,754)
Net cash used in investing activities	(5,800)	(494,996)	(3,754)
Financing activities:
Proceeds from borrowings on notes payable	119,663	95,227	73,610
Principal payments on notes payable	(58,217)	(96,465)	(65,037)
Proceeds from issuance of bridge loan	0	120,000	0
Payments on bridge loan	0	(120,000)	0
Proceeds from borrowings on revolver	229,000	20,000	0
Payments on revolver	(164,000)	(20,000)	0
Issuance of TEUs - Purchase Contracts	0	94,284	0
Offering costs related to TEUs	0	(3,830)	0
Issuance of TEUs - Amortizing notes	0	20,717	0
Principal payments on subordinated amortizing notes	(6,651)	0	0
Proceeds from stock options exercised	106	285	0
Proceeds from issuance of common stock	0	0	179,438
Offering costs related to issuance of common stock	0	(105)	(15,753)
Purchase of common stock	(1,832)	(1,774)	0
Excess income tax benefit from stock based awards	0	1,866	0
Payment of deferred loan costs	(2,147)	(19,018)	(4,060)
Payment of preferred stock dividends	0	0	(2,550)
Cash contributions from members of consolidated entities	19,850	22,041	37,184
Cash distributions to members of consolidated entities	(10,632)	(27,326)	(30,447)
Net cash provided by financing activities	176,140	535,902	278,885
Net (decrease) increase in cash and cash equivalents	(2,568)	(118,901)	100,597
Cash and cash equivalents — beginning of period	52,771	171,672	71,075
Cash and cash equivalents — end of period	50,203	52,771	171,672
Supplemental disclosures:
Cash paid for taxes	24,955	25,392	9,300
Cash paid for professional fees relating to the reorganization	0	0	464
Supplemental disclosures of non-cash investing and financing activities:
Conversion of convertible preferred stock to common stock	0	0	70,386
Notes payable issued in conjunction with land acquisitions		2,413	16,238
Liabilities assumed as part of cash acquisition of Polygon Northwest Homes	0	4,574	0
Real estate inventories — owned
Net changes in operating assets and liabilities, net of impact of Acquisition of Polygon Northwest Homes:
Real estate inventories	(264,868)	(277,997)	(234,127)
Real estate inventories — not owned
Net changes in operating assets and liabilities, net of impact of Acquisition of Polygon Northwest Homes:
Real estate inventories	0	12,960	26,069
5 3/4% Senior Notes due 2019
Financing activities:
Proceeds from issuance of Senior Notes	0	150,000	0
7% Senior Notes due 2022
Financing activities:
Proceeds from issuance of Senior Notes	51,000	300,000	0
8 1/2% Senior Notes due 2020
Financing activities:
Proceeds from issuance of Senior Notes	$ 0	$ 0	$ 106,500