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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 64,535 $ 25,206 $ 35,173
Adjustment to reconcile net income to net cash used in operating activities:      
Depreciation and amortization expense 2,943 325 286
Share-based compensation 1,774 2,571 1,284
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 1,693 0 0
Deferred income taxes, net 14,712 36,299 13,147
Equity in income of unconsolidated entities (7,259) (2,746) 0
Cash distributions of income from unconsolidated entities 4,623 974 0
Changes in operating assets and liabilities:      
(Increase) decrease in receivables (3,029) 843 866
Increase in inventory (129,291) (95,452) (70,204)
Decrease (increase) in earnest money deposits 2,119 (3,097) (383)
Increase in other assets (2,741) (1,701) (2,325)
(Decrease) increase in accounts payable (483) 7,241 1,583
Increase in accrued expenses 9,470 4,175 8,571
Increase in customer and builder deposits 1,458 7,359 7,150
Net cash used in operating activities (39,476) (18,003) (4,852)
Payments to Acquire Businesses, Net of Cash Acquired (26,861) 0 0
Cash flows from investing activities:      
Investments in unconsolidated entities 755 286 0
Purchase of property and equipment (3,211) (149) (458)
Net cash used in investing activities (30,827) (435) (458)
Cash flows from financing activities:      
Borrowings from lines of credit 165,000 88,500 63,000
Payments of Debt Issuance Costs (870) (809) (326)
Proceeds from notes payable 0 0 2,660
Repayments of lines of credit (70,000) (56,500) (35,500)
Repayments of notes payable (10,226) (1,022) (1,870)
Withholdings of taxes from vesting of restricted stock awards (412) (586) 0
Payments for Repurchase of Common Stock (981) 0 0
Contributions from noncontrolling interests 5 438 2,928
Distributions to noncontrolling interests (10,747) (10,896) (9,755)
Net cash provided by financing activities 71,769 19,125 21,137
Net increase in cash and restricted cash 1,466 687 15,827
Restricted Cash 3,440 3,605 4,445
Cash 38,315 36,684 35,157
Restricted cash, beginning of period 40,289 39,602  
Cash and restricted cash, end of period 41,755 40,289 39,602
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of capitalized interest 0 0 0
Cash paid for income taxes, net of refunds 4,611 2,941 1,503
Supplemental disclosure of noncash investing and financing activities:      
Equity issuance related to investment in unconsolidated entity $ 0 $ 14,622 $ 0