Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]

The reconciliation of the beginning and ending balances for level 3 measurements is as follows (in thousands):

	Carrying Value			Estimated Fair Value
Contingent consideration liability, balance as of January 1, 2018	$	—		$	—
Estimated contingent consideration liability related to the GRBK GHO Homes business combination	628			628
Purchase price adjustment	(114		)	(114		)
Contingent consideration liability, balance as of September 30, 2018	$	514		$	514

Schedule of Carrying Value and Estimated Fair Value of Financial Instruments

The carrying value and estimated fair value of our level 2 and 3 financial instruments are as follows (in thousands):

		September 30, 2018				December 31, 2017
	Level in Fair Value Hierarchy	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Description:
Revolving credit facility	2	$	57,500	$	57,500	$	32,000	$	32,000
Unsecured revolving credit facility	2	$	142,500	$	142,500	$	75,000	$	75,000
Notes payable	2	$	1,045	$	1,045	$	9,926	$	9,926
Contingent consideration liability	3	$	514	$	514	$	—	$	—