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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 11,491 $ 13,239
Depreciation, Depletion and Amortization 888 402
Adjustments to reconcile net income to net cash used in operating activities:    
Share-based compensation expense 1,637 1,248
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 454 0
Deferred income taxes, net (955) 3,431
Distributions of income from unconsolidated entities 272 761
Changes in operating assets and liabilities:    
Decrease in receivables 2,069 57
Increase in inventory (21,720) (33,802)
Decrease (increase) in earnest money deposits 3,319 (830)
Increase in other assets (1,601) (135)
Decrease in accounts payable (4,451) (2,128)
Increase (decrease) in accrued expenses 2,855 (2,179)
(Decrease) increase in customer and builder deposits (1,643) 1,251
Net cash used in operating activities (9,231) (20,221)
Income (Loss) from Equity Method Investments (1,846) (1,536)
Cash flows from investing activities:    
Purchase of property and equipment (571) (601)
Net cash used in investing activities (571) (601)
Cash flows from financing activities:    
Borrowings from lines of credit 37,000 38,000
Payments of debt issuance costs 0 (150)
Repayments of lines of credit (31,000) (10,000)
Repayments of notes payable 0 (12)
Withholdings of taxes from vesting of restricted stock awards (544) (412)
Payments for Repurchase of Common Stock (60) 0
Payments to Noncontrolling Interests (10,735) (8,045)
Net cash (used in) provided by financing activities (5,339) 19,381
Net decrease in cash and restricted cash (15,141) (1,441)
Cash, beginning of period 38,315 36,684
Restricted cash, beginning of period 3,440 3,605
Cash and restricted cash, beginning of period 41,755 40,289
Cash, end of period 23,873 34,445
Restricted cash, end of period 2,741 4,403
Cash and restricted cash, end of period 26,614 38,848
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of capitalized interest 0 0
Cash paid (received) for income taxes, net of refunds $ 0 $ (46)