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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 27,615 $ 32,234
Depreciation, Depletion and Amortization 1,678 1,038
Adjustments to reconcile net income to net cash used in operating activities:    
Share-based compensation expense 1,827 1,421
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 257 0
Deferred income taxes, net 556 8,320
Income (Loss) from Equity Method Investments (4,543) (3,815)
Distributions of income from unconsolidated entities 1,673 1,958
Changes in operating assets and liabilities:    
Increase in receivables (167) (4,391)
Increase in inventory (50,647) (43,439)
Decrease (increase) in earnest money deposits 3,882 (2,355)
Decrease (increase) in other assets 752 (1,174)
Decrease in accounts payable 669 7,073
(Decrease) increase in accrued expenses (1,276) 1,507
Payment for Contingent Consideration Liability, Operating Activities (1,332) 0
(Decrease) increase in customer and builder deposits (400) 3,468
Net cash used in operating activities (20,794) (12,301)
Cash flows from investing activities:    
Payments to Acquire Businesses, Net of Cash Acquired   (25,347)
Stock Issued During Period, Value, Acquisitions 0  
Payments to Acquire Equity Method Investments   (755)
Purchase of property and equipment (1,143) (1,178)
Net cash used in investing activities (1,143) (27,280)
Cash flows from financing activities:    
Borrowings from lines of credit 93,500 95,500
Payments of debt issuance costs 0 (150)
Repayments of lines of credit (61,500) (35,000)
Repayments of notes payable 0 (9,022)
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 (388) 0
Payments to Noncontrolling Interests (10,993) (10,423)
Temporary Equity, Interest in Subsidiary Earnings (527) 0
Net cash provided by financing activities 19,034 40,493
Net (decrease) increase in cash and restricted cash (2,903) 912
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 34,383 37,069
Restricted cash, end of period 4,469 4,132
Cash and restricted cash, end of period 38,852 41,201
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of capitalized interest 0 0
Cash paid for income taxes, net of refunds $ 7,520 $ 1,579