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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 46,754 $ 47,607
Depreciation, Depletion and Amortization 2,443 1,804
Adjustments to reconcile net income to net cash used in operating activities:    
Share-based compensation expense 2,035 1,597
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 1,749 0
Deferred income taxes, net 706 11,120
Income (Loss) from Equity Method Investments (7,565) (6,534)
Distributions of income from unconsolidated entities 3,390 3,361
Changes in operating assets and liabilities:    
Increase in receivables (4,668) (2,245)
Increase in inventory (71,392) (108,634)
Decrease in earnest money deposits 860 1,021
Increase in other assets (103) (3,053)
Increase in accounts payable (8,599) (8,424)
Increase in accrued expenses 2,141 3,914
Payment for Contingent Consideration Liability, Operating Activities (1,332) 0
(Decrease) increase in customer and builder deposits (4,856) 3,293
Net cash used in operating activities (21,239) (38,325)
Cash flows from investing activities:    
Payments to Acquire Businesses, Net of Cash Acquired   (26,861)
Stock Issued During Period, Value, Acquisitions 0  
Payments to Acquire Equity Method Investments   (755)
Purchase of property and equipment (1,838) (1,767)
Net cash used in investing activities (1,838) (29,383)
Cash flows from financing activities:    
Borrowings from lines of credit 165,500 133,000
Proceeds from Issuance of Senior Long-term Debt 75,000 0
Payments of debt issuance costs (1,682) (228)
Repayments of lines of credit (201,500) (40,000)
Repayments of notes payable 0 (9,181)
Payment for Contingent Consideration Liability, Financing Activities (514) 0
Payments of withholding tax on vesting of restricted stock awards (544) (412)
Payments for Repurchase of Common Stock (2,186) 0
Payments to Noncontrolling Interests (10,993) (10,746)
Proceeds from (Payments for) Other Financing Activities (527) 0
Net cash provided by financing activities 22,554 72,433
Net (decrease) increase in cash and restricted cash (523) 4,725
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 35,123 33,116
Restricted cash, end of period 6,109 11,898
Cash and restricted cash, end of period 41,232 45,014
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of capitalized interest 0 0
Cash paid for income taxes, net of refunds $ 14,313 $ 3,400