Note 18 - Supplemental Guarantor Information (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Condensed Balance Sheet [Table Text Block]

	December 31, 2019
	NWHM Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Assets
Cash and cash equivalents	$	66,166	$	12,978	$	170	$	—		$	79,314
Restricted cash		—		117		—		—			117
Contracts and accounts receivable		3		16,403		—		(424	)		15,982
Intercompany receivables		258,372		—		—		(258,372	)		—
Due from affiliates		—		238		—		—			238
Real estate inventories		—		433,938		—		—			433,938
Investment in and advances to unconsolidated joint ventures		—		30,217		—		—			30,217
Investment in subsidiaries		198,448		—		—		(198,448	)		—
Other assets		26,508		16,840		35		—			43,383
Total assets	$	549,497	$	510,731	$	205	$	(457,244	)	$	603,189
Liabilities and equity
Accounts payable	$	68	$	24,973	$	3	$	—		$	25,044
Accrued expenses and other liabilities		11,950		28,999		26		(421	)		40,554
Intercompany payables		—		258,372		—		(258,372	)		—
Due to affiliates		—		3		—		(3	)		—
Senior notes, net		304,832		—		—		—			304,832
Total liabilities		316,850		312,347		29		(258,796	)		370,430
Total stockholders' equity		232,647		198,384		64		(198,448	)		232,647
Non-controlling interest in subsidiary		—		—		112		—			112
Total equity		232,647		198,384		176		(198,448	)		232,759
Total liabilities and equity	$	549,497	$	510,731	$	205	$	(457,244	)	$	603,189

	December 31, 2018
	NWHM Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Assets
Cash and cash equivalents	$	28,877	$	13,249	$	147	$	—		$	42,273
Restricted cash		—		269		—		—			269
Contracts and accounts receivable		7		18,926		—		(668	)		18,265
Intercompany receivables		192,341		—		—		(192,341	)		—
Due from affiliates		—		1,218		—		—			1,218
Real estate inventories		—		566,290		—		—			566,290
Investment in and advances to unconsolidated joint ventures		—		34,330		—		—			34,330
Investment in subsidiaries		396,466		—		—		(396,466	)		—
Other assets		18,643		14,812		—		(3	)		33,452
Total assets	$	636,334	$	649,094	$	147	$	(589,478	)	$	696,097
Liabilities and equity
Accounts payable	$	240	$	39,151	$	—	$	—		$	39,391
Accrued expenses and other liabilities		8,492		21,129		71		(664	)		29,028
Intercompany payables		—		192,341		—		(192,341	)		—
Due to affiliates		—		7		—		(7	)		—
Unsecured revolving credit facility		67,500		—		—		—			67,500
Senior notes, net		320,148		—		—		—			320,148
Total liabilities		396,380		252,628		71		(193,012	)		456,067
Total stockholders' equity		239,954		396,466		—		(396,466	)		239,954
Non-controlling interest in subsidiary		—		—		76		—			76
Total equity		239,954		396,466		76		(396,466	)		240,030
Total liabilities and equity	$	636,334	$	649,094	$	147	$	(589,478	)	$	696,097

Condensed Income Statement [Table Text Block]

	Year Ended December 31, 2019
	NWHM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments		Consolidated NWHM
	(Dollars in thousands)
Revenues:
Home sales	$	—		$	532,352		$	—		$	—	$	532,352
Land sales		—			41,664			—			—		41,664
Fee building		—			95,333			—			—		95,333
		—			669,349			—			—		669,349
Cost of Sales:
Home sales		—			469,661			(104	)		—		469,557
Home sales impairments		—			8,300			—			—		8,300
Land sales		—			43,169			—			—		43,169
Land sales impairments		—			1,900			—			—		1,900
Fee building		—			93,281			—			—		93,281
		—			616,311			(104	)		—		616,207
Gross Margin:
Home sales		—			54,391			104			—		54,495
Land sales		—			(3,405	)		—			—		(3,405	)
Fee building		—			2,052			—			—		2,052
		—			53,038			104			—		53,142
Selling and marketing expenses		—			(36,357	)		—			—		(36,357	)
General and administrative expenses		(387	)		(25,333	)		(3	)		—		(25,723	)
Equity in net loss of unconsolidated joint ventures		—			(3,503	)		—			—		(3,503	)
Equity in net loss of subsidiaries		(7,963	)		—			—			7,963		—
Gain on early extinguishment of debt		1,164			—			—			—		1,164
Other income (expense), net		(286	)		(253	)		—			—		(539	)
Pretax income (loss)		(7,472	)		(12,408	)		101			7,963		(11,816	)
(Provision) benefit for income taxes		(565	)		4,380			—			—		3,815
Net income (loss)		(8,037	)		(8,028	)		101			7,963		(8,001	)
Net income attributable to non-controlling interest in subsidiary		—			—			(36	)		—		(36	)
Net income (loss) attributable to The New Home Company Inc.	$	(8,037	)	$	(8,028	)	$	65		$	7,963	$	(8,037	)

	Year Ended December 31, 2018
	NWHM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments		Consolidated NWHM
	(Dollars in thousands)
Revenues:
Home sales	$	—		$	504,029		$	—		$	—	$	504,029
Fee building		—			163,537			—			—		163,537
		—			667,566			—			—		667,566
Cost of Sales:
Home sales		—			436,508			22			—		436,530
Home sales impairments		—			10,000			—			—		10,000
Fee building		—			159,136			—			—		159,136
		—			605,644			22			—		605,666
Gross Margin:
Home sales		—			57,521			(22	)		—		57,499
Fee building		—			4,401			—			—		4,401
		—			61,922			(22	)		—		61,900
Selling and marketing expenses		—			(36,065	)		—			—		(36,065	)
General and administrative expenses		4,330			(30,293	)		(3	)		—		(25,966	)
Equity in net loss of unconsolidated joint ventures		—			(19,653	)		—			—		(19,653	)
Equity in net loss of subsidiaries		(17,372	)		—			—			17,372		—
Other income (expense), net		(66	)		(455	)		—			—		(521	)
Pretax loss		(13,108	)		(24,544	)		(25	)		17,372		(20,305	)
(Provision) benefit for income taxes		(1,108	)		7,183			—			—		6,075
Net loss		(14,216	)		(17,361	)		(25	)		17,372		(14,230	)
Net loss attributable to non-controlling interest in subsidiary		—			—			14			—		14
Net loss attributable to The New Home Company Inc.	$	(14,216	)	$	(17,361	)	$	(11	)	$	17,372	$	(14,216	)

	Year Ended December 31, 2017
	NWHM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Revenues:
Home sales	$	—		$	560,842		$	—		$	—		$	560,842
Fee building		—			190,324			—			—			190,324
		—			751,166			—			—			751,166
Cost of Sales:
Home sales		—			473,181			32			—			473,213
Home sales impairments		—			2,200			—			—			2,200
Fee building		—			184,827			—			—			184,827
		—			660,208			32			—			660,240
Gross Margin:
Home sales		—			85,461			(32	)		—			85,429
Fee building		—			5,497			—			—			5,497
		—			90,958			(32	)		—			90,926
Selling and marketing expenses		—			(32,702	)		—			—			(32,702	)
General and administrative expenses		(2,403	)		(23,927	)		—			—			(26,330	)
Equity in net income of unconsolidated joint ventures		—			866			—			—			866
Equity in net income of subsidiaries		21,773			—			—			(21,773	)		—
Other income (expense), net		107			(336	)		—			—			(229	)
Pretax income (loss)		19,477			34,859			(32	)		(21,773	)		32,531
Provision for income taxes		(2,325	)		(13,065	)		—			—			(15,390	)
Net income (loss)		17,152			21,794			(32	)		(21,773	)		17,141
Net loss attributable to non-controlling interest in subsidiary		—			—			11			—			11
Net income (loss) attributable to The New Home Company Inc.	$	17,152		$	21,794		$	(21	)	$	(21,773	)	$	17,152

Condensed Cash Flow Statement [Table Text Block]

	Year Ended December 31, 2019
	NWHM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Net cash provided by (used in) operating activities	$	(66,965	)	$	189,352		$	23	$	(1,152	)	$	121,258
Investing activities:
Purchases of property and equipment		(14	)		(27	)		—		—			(41	)
Contributions and advances to unconsolidated joint ventures		—			(8,826	)		—		—			(8,826	)
Contributions to subsidiaries from corporate		(98,620	)		—			—		98,620			—
Distributions of capital from subsidiaries to corporate		287,523			—			—		(287,523	)		—
Distributions of capital and repayment of advances from unconsolidated joint ventures		—			9,133			—		—			9,133
Net cash provided by investing activities	$	188,889		$	280		$	—	$	(188,903	)	$	266
Financing activities:
Borrowings from credit facility		50,000			—			—		—			50,000
Repayments of credit facility		(117,500	)		—			—		—			(117,500	)
Repurchases of senior notes		(15,605	)		—			—		—			(15,605	)
Contributions to subsidiaries from corporate		—			98,620			—		(98,620	)		—
Distributions to corporate from subsidiaries		—			(288,675	)		—		288,675			—
Repurchases of common stock		(1,042	)		—			—		—			(1,042	)
Tax withholding paid on behalf of employees for stock awards		(488	)		—			—		—			(488	)
Net cash used in financing activities	$	(84,635	)	$	(190,055	)	$	—	$	190,055		$	(84,635	)
Net increase (decrease) in cash, cash equivalents and restricted cash		37,289			(423	)		23		—			36,889
Cash, cash equivalents and restricted cash – beginning of period		28,877			13,518			147		—			42,542
Cash, cash equivalents and restricted cash – end of period	$	66,166		$	13,095		$	170	$	—		$	79,431

	Year Ended December 31, 2018
	NWHM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Net cash used in operating activities	$	(63,076	)	$	(71,789	)	$	(41	)	$	(4,779	)	$	(139,685	)
Investing activities:
Purchases of property and equipment		(49	)		(197	)		—			—			(246	)
Contributions and advances to unconsolidated joint ventures		—			(15,066	)		—			—			(15,066	)
Contributions to subsidiaries from corporate		(249,435	)		—			—			249,435			—
Distributions of capital from subsidiaries to corporate		183,896			—			—			(183,896	)		—
Distributions of capital and repayment of advances from unconsolidated joint ventures		—			15,436			—			—			15,436
Interest collected on advances to unconsolidated joint ventures		—			178			—			—			178
Net cash (used in) provided by investing activities	$	(65,588	)	$	351		$	—		$	65,539		$	302
Financing activities:
Borrowings from credit facility		150,000			—			—			—			150,000
Repayments of credit facility		(82,500	)		—			—			—			(82,500	)
Contributions to subsidiaries from corporate		—			249,435			—			(249,435	)		—
Distributions to corporate from subsidiaries		—			(188,675	)		—			188,675			—
Repurchases of common stock		(8,563	)		—			—			—			(8,563	)
Tax withholding paid on behalf of employees for stock awards		(982	)		—			—			—			(982	)
Net cash provided by financing activities	$	57,955		$	60,760		$	—		$	(60,760	)	$	57,955
Net decrease in cash, cash equivalents and restricted cash		(70,709	)		(10,678	)		(41	)		—			(81,428	)
Cash, cash equivalents and restricted cash – beginning of period		99,586			24,196			188			—			123,970
Cash, cash equivalents and restricted cash – end of period	$	28,877		$	13,518		$	147		$	—		$	42,542

	Year Ended December 31, 2017
	NWHM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Net cash used in operating activities	$	(31,824	)	$	(41,900	)	$	(81	)	$	(17,058	)	$	(90,863	)
Investing activities:
Purchases of property and equipment		(71	)		(124	)		—			—			(195	)
Cash assumed from joint venture at consolidation		—			995			—			—			995
Contributions and advances to unconsolidated joint ventures		—			(27,479	)		—			—			(27,479	)
Contributions to subsidiaries from corporate		(275,794	)		—			—			275,794			—
Distributions of capital from subsidiaries to corporate		192,478			—			—			(192,478	)		—
Distributions of capital and repayment of advances from unconsolidated joint ventures		—			15,577			—			—			15,577
Interest collected on advances to unconsolidated joint ventures		—			552			—			—			552
Net cash used in investing activities	$	(83,387	)	$	(10,479	)	$	—		$	83,316		$	(10,550	)
Financing activities:
Borrowings from credit facility		88,000			—			—			—			88,000
Repayments of credit facility		(206,000	)		—			—			—			(206,000	)
Proceeds from senior notes		324,465			—			—			—			324,465
Repayments of other notes payable		—			(4,110	)		—			—			(4,110	)
Payment of debt issuance costs		(7,565	)		—			—			—			(7,565	)
Contributions to subsidiaries from corporate		—			275,794			—			(275,794	)		—
Distributions to corporate from subsidiaries		—			(209,536	)		—			209,536			—
Tax withholding paid on behalf of employees for stock awards		(590	)		—			—			—			(590	)
Proceeds from exercise of stock options		102			—			—			—			102
Net cash provided by financing activities	$	198,412		$	62,148		$	—		$	(66,258	)	$	194,302
Net increase (decrease) in cash, cash equivalents and restricted cash		83,201			9,769			(81	)		—			92,889
Cash, cash equivalents and restricted cash – beginning of period		16,385			14,427			269			—			31,081
Cash, cash equivalents and restricted cash – end of period	$	99,586		$	24,196		$	188		$	—		$	123,970