Business Combination (Tables)

6 Months Ended

Jun. 30, 2018

Business Combinations [Abstract]

Schedule of Provisional Estimate of Fair Value of Assets Acquired and Liabilities Assumed

The following is a summary of our provisional estimate of the fair value of assets acquired and liabilities assumed (in thousands):

Assets acquired
Cash	$	7,895
Inventory	42,711
Property and equipment	1,376
Goodwill (1)	1,725
Home construction contracts	300
Other assets	957
Total assets	$	54,964
Liabilities assumed
Note payable	$	300
Accrued expenses and other liabilities	5,375
Customer deposits	9,073
Total liabilities	$	14,748
Redeemable noncontrolling interest	$	6,346
Net assets acquired(2)	$	33,870

(1) Goodwill is expected to be fully deductible for tax purposes.

(2) Contingent consideration of $0.6 million is included in the fair value of net assets acquired.