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Income Taxes (Narrative) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Tax Disclosure [Abstract]      
Income Taxes INCOME TAXES
On March 27, 2020, the United States enacted the Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, as a response to the economic uncertainty resulting from the COVID-19 pandemic, which, among other things, included several temporary changes to corporate income tax provisions. The CARES Act did not have a significant impact on our expense for income taxes for the year ended December 31, 2020. We will continue to assess the effect, if any, the CARES Act will have on our income taxes

On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act made major changes to the Internal Revenue Code. The Company recognized the income tax effects of the Tax Act in its financial statements in accordance with Staff Accounting Bulletin 118 which provides SEC staff guidance for the application of ASC 740, Income Taxes. The Company finalized its accounting for the income tax effects of the Tax Act in the fourth quarter of 2018 with no adjustments recorded during the measurement period.
Income Tax Expense
The components of current and deferred income tax expense are as follows (in thousands):
Years Ended December 31,
202020192018
Current income tax expense (benefit):
Federal$20,968 $15,980 $(569)
State4,162 2,810 2,993 
Total current income tax expense25,130 18,790 2,424 
Deferred income tax expense (benefit):
Federal(354)774 15,023 
State240 463 (311)
Total deferred income tax expense(114)1,237 14,712 
Total income tax expense$25,016 $20,027 $17,136 

Effective Income Tax Rate Reconciliation

The income tax expense differs from the amount that would be computed by applying the statutory federal income tax rates of 21% for each of the years ended December 31, 2020, 2019 and 2018, respectively, to income before income taxes as a result of the following (amounts in thousands):
Years Ended December 31,
202020192018
Tax on pre-tax book income (before reduction of noncontrolling interests)$29,991 $17,709 $17,151 
Tax effect of non-controlled earnings(862)(1,252)(2,743)
State income tax expense, net of federal benefit3,606 2,706 1,940 
Adjustments to deferred tax assets related to state net operating losses— 1,063 283 
Change in valuation allowance— (1,063)(283)
Tax credits(8,088)— — 
Other369 864 788 
Total income tax expense$25,016 $20,027 $17,136 
Effective income tax rate17.5 %23.7 %21.0 %

The change in the effective tax rate for the year ended December 31, 2020 relates primarily to the tax benefit of $8.1 million, net of the required basis adjustment, from the enactment of the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (“the Act”). The Act retroactively reinstated the federal energy efficient homes tax credit that expired on December 31, 2017 to homes closed from January 1, 2018 to December 31, 2020.
Deferred Income Taxes

The primary differences between the financial statement and tax bases of assets and liabilities are as follows (in thousands):
December 31, 2020December 31, 2019
Deferred tax assets:
Basis in partnerships$8,163 $9,212 
Accrued expenses2,979 2,206 
Inventory2,585 2,316 
Change in fair value of contingent consideration1,385 1,444 
Lease liabilities - operating leases601 832 
Stock-based compensation392 408 
Other349 191 
Deferred tax assets, gross16,454 16,609 
Valuation allowance— — 
Deferred tax assets, net$16,454 $16,609 
Deferred tax liabilities:
Right-of-use assets - operating leases$(581)$(818)
Prepaid insurance(372)(419)
Other(125)(110)
Deferred tax liabilities$(1,078)$(1,347)
Total deferred income tax assets, net$15,376 $15,262 

Net Operating Losses and Valuation Allowances
As of December 31, 2020, all federal net operating loss carryforwards were fully utilized.

During the year ended December 31, 2019, the Company decided to write off its gross state net operating loss carryforwards in Minnesota of $13.7 million, as well as the related deferred tax asset and valuation allowance. Management believes on a more-likely-than-not basis that the Minnesota net operating loss carryforwards would not have been utilized.

The rollforward of valuation allowance is as follows (amounts in thousands):
December 31, 2020December 31, 2019
Valuation allowance at beginning of the year$— $1,063 
Write-off of state net operating losses— (1,063)
Expiration of state net operating losses— — 
Valuation allowance at end of the year$— $— 

Uncertain Tax Positions
The Company establishes accruals for uncertain tax positions that reflect management’s best estimate of deductions and credits that may not be sustained on a more-likely-than-not basis. In accordance with ASC 740, Income Taxes, the Company recognizes the effect of income tax positions only if those positions have a more-likely-than-not chance of being sustained by the Company. Recognized income tax positions are measured at the largest amount that is considered greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. There were no uncertain tax positions as of December 31, 2020.

There were no expenses for interest and penalties related to uncertain tax positions for the years ended December 31, 2020, 2019, and 2018. There were no accrued liabilities related to uncertain tax positions as of December 31, 2020 and 2019, respectively.
Statutes of Limitations
The U.S. federal statute of limitations remains open for our 2017 and subsequent tax years. Due to the carryover of the federal net operating losses for years 2009 and forward, income tax returns going back to the 2009 tax year are subject to adjustment.

The Colorado and Minnesota statutes of limitations remain open for our 2016 and subsequent tax years. The Nebraska statute of limitations remains open for our 2017 and subsequent tax years.

The Company’s subsidiaries file returns in Texas, Georgia and Florida and Colorado.

The Texas statute of limitations remains open for the 2016 and subsequent tax years. Any Texas adjustments relating to returns filed by the subsidiary partnerships would be borne by the subsidiary partnership entities.

The Georgia statute of limitations remains open for the 2017 and subsequent tax years. Any Georgia adjustments relating to returns filed by the subsidiary partnerships would be borne by the partner.

The Florida statute of limitations will remain open for the 2018 and subsequent tax years. Any Florida adjustments relating to returns filed by the subsidiary partnerships would be borne by the partner.

The Company is not presently under examination by the Internal Revenue Service or state tax authority.
    
Schedule of Components of Income Tax Expense (Benefit)
Income Tax Expense
The components of current and deferred income tax expense are as follows (in thousands):
Years Ended December 31,
202020192018
Current income tax expense (benefit):
Federal$20,968 $15,980 $(569)
State4,162 2,810 2,993 
Total current income tax expense25,130 18,790 2,424 
Deferred income tax expense (benefit):
Federal(354)774 15,023 
State240 463 (311)
Total deferred income tax expense(114)1,237 14,712 
Total income tax expense$25,016 $20,027 $17,136 
    
Schedule of Deferred Tax Assets and Liabilities
The primary differences between the financial statement and tax bases of assets and liabilities are as follows (in thousands):
December 31, 2020December 31, 2019
Deferred tax assets:
Basis in partnerships$8,163 $9,212 
Accrued expenses2,979 2,206 
Inventory2,585 2,316 
Change in fair value of contingent consideration1,385 1,444 
Lease liabilities - operating leases601 832 
Stock-based compensation392 408 
Other349 191 
Deferred tax assets, gross16,454 16,609 
Valuation allowance— — 
Deferred tax assets, net$16,454 $16,609 
Deferred tax liabilities:
Right-of-use assets - operating leases$(581)$(818)
Prepaid insurance(372)(419)
Other(125)(110)
Deferred tax liabilities$(1,078)$(1,347)
Total deferred income tax assets, net$15,376 $15,262 
    
Schedule of Effective Tax Rate Reconciliation
Effective Income Tax Rate Reconciliation

The income tax expense differs from the amount that would be computed by applying the statutory federal income tax rates of 21% for each of the years ended December 31, 2020, 2019 and 2018, respectively, to income before income taxes as a result of the following (amounts in thousands):
Years Ended December 31,
202020192018
Tax on pre-tax book income (before reduction of noncontrolling interests)$29,991 $17,709 $17,151 
Tax effect of non-controlled earnings(862)(1,252)(2,743)
State income tax expense, net of federal benefit3,606 2,706 1,940 
Adjustments to deferred tax assets related to state net operating losses— 1,063 283 
Change in valuation allowance— (1,063)(283)
Tax credits(8,088)— — 
Other369 864 788 
Total income tax expense$25,016 $20,027 $17,136 
Effective income tax rate17.5 %23.7 %21.0 %
    
Rollforward of Valuation Allowances
The rollforward of valuation allowance is as follows (amounts in thousands):
December 31, 2020December 31, 2019
Valuation allowance at beginning of the year$— $1,063 
Write-off of state net operating losses— (1,063)
Expiration of state net operating losses— — 
Valuation allowance at end of the year$— $— 
    
Operating Loss Carryforwards [Line Items]      
Net operating loss carryforward   $ 13,700  
Basis in partnerships $ 8,163 9,212  
Deferred tax assets 16,454 16,609  
Deferred Tax Assets, Valuation Allowance 0 0 $ 1,063
Effective Income Tax Rate Reconciliation, Tax Credit, Amount $ (8,088) $ 0 $ 0