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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 117,797,000 $ 64,302,000 $ 64,535,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization expense 3,666,000 3,079,000 2,943,000
Share-based compensation expense 2,097,000 2,191,000 1,774,000
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 368,000 4,906,000 1,693,000
Deferred income taxes, net (114,000) 1,237,000 14,712,000
Income (Loss) from Equity Method Investments (16,654,000) (9,809,000) (7,259,000)
Allowances For Option Deposits And Pre-Acquisition Costs 1,513,000 884,000 663,000
Distributions of income from unconsolidated entities 10,936,000 5,084,000 4,623,000
Changes in operating assets and liabilities:      
(Increase) decrease in receivables (504,000) 122,000 (3,029,000)
Increase in inventory (90,345,000) (83,970,000) (129,291,000)
(Increase) decrease in earnest money deposits (9,069,000) 2,107,000 2,119,000
Increase in other assets (3,739,000) (2,409,000) (3,404,000)
(Decrease) increase in accounts payable (5,523,000) 3,953,000 (483,000)
Increase (decrease) in accrued expenses 15,760,000 (4,384,000) 9,470,000
Payment for Contingent Consideration Liability, Operating Activities (5,267,000) (1,332,000) 0
Increase (Decrease) in Contract with Customer, Liability 14,177,000 (8,024,000) 1,458,000
Net cash provided by (used in) operating activities 35,099,000 (22,063,000) (39,476,000)
Payments to Acquire Businesses, Net of Cash Acquired 0 0 (26,861,000)
Cash flows from investing activities:      
Investments in unconsolidated entities (10,431,000) (5,300,000) (755,000)
Purchase of property and equipment (2,867,000) (2,569,000) (3,211,000)
Net cash used in investing activities (13,298,000) (7,869,000) (30,827,000)
Cash flows from financing activities:      
Borrowings from lines of credit 354,500,000 224,000,000 165,000,000
Proceeds from Issuance of Senior Long-term Debt 37,500,000 75,000,000 0
Payments of Debt Issuance Costs (527,000) (1,974,000) (870,000)
Repayments of lines of credit (412,500,000) (260,000,000) (70,000,000)
Proceeds from Notes Payable 10,714,000 0 0
Repayments of notes payable (8,590,000) 0 (10,226,000)
Payment for Contingent Consideration Liability, Financing Activities 0 (514,000) 0
Payments of withholding tax on vesting of restricted stock awards (592,000) (544,000) (412,000)
Payments for Repurchase of Common Stock 0 (2,186,000) (981,000)
Contributions from noncontrolling interests 400,000 3,600,000 5,000
Distributions to noncontrolling interests (5,251,000) (10,993,000) (10,747,000)
Proceeds from (Payments for) Other Financing Activities (1,505,000) (527,000) 0
Net cash (used in) provided by financing activities (25,851,000) 25,862,000 71,769,000
Net (decrease) increase in cash and cash equivalents and restricted cash (4,050,000) (4,070,000) 1,466,000
Restricted Cash 14,156,000 4,416,000 3,440,000
Cash 19,479,000 33,269,000 38,315,000
Cash and restricted cash 33,635,000 37,685,000 41,755,000
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 $ 20,541,000 $ 14,313,000 $ 4,611,000