Supplemental Guarantor Information (Tables)

6 Months Ended

Jun. 30, 2017

Supplemental Guarantor Information [Abstract]

Supplemental Condensed Consolidating Balance Sheet [Table Text Block]

	June 30, 2017
	NWHM Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Assets
Cash and cash equivalents	$	120,557	$	33,180	$	222	$	—		$	153,959
Restricted cash	—		88		—		—			88
Contracts and accounts receivable	14		19,667		7		(1,367		)	18,321
Intercompany receivables	91,737		—		—		(91,737		)	—
Due from affiliates	—		2,062		—		—			2,062
Real estate inventories	—		365,400		—		—			365,400
Investment in and advances to unconsolidated joint ventures	—		55,864		—		—			55,864
Investment in subsidiaries	345,376		—		—		(345,376		)	—
Other assets	15,836		8,080		—		—			23,916
Total assets	$	573,520	$	484,341	$	229	$	(438,480	)	$	619,610
Liabilities and equity
Accounts payable	$	110	$	34,105	$	—	$	—		$	34,215
Accrued expenses and other liabilities	7,579		13,126		126		(1,358		)	19,473
Intercompany payables	—		91,737		—		(91,737		)	—
Due to affiliates	—		9		—		(9		)	—
Senior notes, net	318,121		—		—		—			318,121
Total liabilities	325,810		138,977		126		(93,104		)	371,809
Stockholders' equity	247,710		345,364		12		(345,376		)	247,710
Noncontrolling interest	—		—		91		—			91
Total equity	247,710		345,364		103		(345,376		)	247,801
Total liabilities and equity	$	573,520	$	484,341	$	229	$	(438,480	)	$	619,610

	December 31, 2016
	NWHM Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Assets
Cash and cash equivalents	$	16,385	$	13,842	$	269	$	—		$	30,496
Restricted cash	—		585		—		—			585
Contracts and accounts receivable	30		29,774		—		(1,971		)	27,833
Intercompany receivables	73,972		—		—		(73,972		)	—
Due from affiliates	—		1,138		—		—			1,138
Real estate inventories	—		286,928		—		—			286,928
Investment in and advances to unconsolidated joint ventures	—		50,857		—		—			50,857
Investment in subsidiaries	268,411		—		—		(268,411		)	—
Other assets	9,381		11,918		—		—			21,299
Total assets	$	368,179	$	395,042	$	269	$	(344,354	)	$	419,136
Liabilities and equity
Accounts payable	$	167	$	32,900	$	27	$	—		$	33,094
Accrued expenses and other liabilities	5,489		19,763		108		(1,942		)	23,418
Intercompany payables	—		73,972		—		(73,972		)	—
Due to affiliates	—		29		—		(29		)	—
Unsecured revolving credit facility	118,000		—		—		—			118,000
Total liabilities	123,656		126,664		135		(75,943		)	174,512
Stockholders' equity	244,523		268,378		33		(268,411		)	244,523
Noncontrolling interest	—		—		101		—			101
Total equity	244,523		268,378		$	134	(268,411		)	244,624
Total liabilities and equity	$	368,179	$	395,042	$	269	$	(344,354	)	$	419,136

Supplemental Condensed Consolidating Statement of Operations [Table Text Block]

	Three Months Ended June 30, 2017
	NWHM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Revenues:
Home sales	$	—		$	96,929		$	—	$	—		$	96,929
Fee Building	—			47,181			—		—			47,181
	—			144,110			—		—			144,110
Cost of Sales:
Home sales	—			82,488			—		—			82,488
Home sales impairment	—			1,300			—		—			1,300
Fee building	595			45,304			—		—			45,899
	595			129,092			—		—			129,687
Gross Margin:
Home sales	—			13,141			—		—			13,141
Fee building	(595		)	1,877			—		—			1,282
	(595		)	15,018			—		—			14,423
Selling and marketing expenses	—			(6,376		)	—		—			(6,376		)
General and administrative expenses	(375		)	(5,220		)	—		—			(5,595		)
Equity in net income of unconsolidated joint ventures	—			201			—		—			201
Equity in net income of subsidiaries	2,022			—			—		(2,022		)	—
Other income (expense), net	26			(174		)	—		—			(148		)
Income before income taxes	1,078			3,449			—		(2,022		)	2,505
Benefit (provision) for income taxes	439			(1,427		)	—		—			(988		)
Net income	1,517			2,022			—		(2,022		)	1,517
Net loss attributable to noncontrolling interest	—			—			—		—			—
Net income attributable to The New Home Company Inc.	$	1,517		$	2,022		$	—	$	(2,022	)	$	1,517

	Three Months Ended June 30, 2016
	NWHM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Revenues:
Home sales	$	—		$	77,486		$	1,350		$	—		$	78,836
Fee Building	—			30,068			—			(40		)	30,028
	—			107,554			1,350			(40		)	108,864
Cost of Sales:
Home sales	—			68,152			1,238			—			69,390
Fee building	496			27,821			—			—			28,317
	496			95,973			1,238			—			97,707
Gross Margin:
Home sales	—			9,334			112			—			9,446
Fee building	(496		)	2,247			—			(40		)	1,711
	(496		)	11,581			112			(40		)	11,157
Selling and marketing expenses	—			(4,820		)	(226		)	—			(5,046		)
General and administrative expenses	(3,283		)	(2,550		)	—			—			(5,833		)
Equity in net income of unconsolidated joint ventures	—			3,947			—			—			3,947
Equity in net income of subsidiaries	4,843			—			—			(4,843		)	—
Other income (expense), net	(57		)	(229		)	(40		)	40			(286		)
Income (loss) before income taxes	1,007			7,929			(154		)	(4,843		)	3,939
Benefit (provision) for income taxes	1,502			(2,997		)	—			—			(1,495		)
Net income (loss)	2,509			4,932			(154		)	(4,843		)	2,444
Net loss attributable to noncontrolling interest	—			—			65			—			65
Net income (loss) attributable to The New Home Company Inc.	$	2,509		$	4,932		$	(89	)	$	(4,843	)	$	2,509

	Six Months Ended June 30, 2017
	NWHM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Revenues:
Home sales	$	—		$	166,335		$	—		$	—		$	166,335
Fee Building	—			102,798			—			—			102,798
	—			269,133			—			—			269,133
Cost of Sales:
Home sales	—			142,522			31			—			142,553
Home sales impairment	—			1,300			—			—			1,300
Fee building	1,085			98,740			—			—			99,825
	1,085			242,562			31			—			243,678
Gross Margin:
Home sales	—			22,513			(31		)	—			22,482
Fee building	(1,085		)	4,058			—			—			2,973
	(1,085		)	26,571			(31		)	—			25,455
Selling and marketing expenses	—			(11,377		)	—			—			(11,377		)
General and administrative expenses	(1,154		)	(9,531		)	—			—			(10,685		)
Equity in net income of unconsolidated joint ventures	—			507			—			—			507
Equity in net income of subsidiaries	3,694			—			—			(3,694		)	—
Other income (expense), net	44			(79		)	—			—			(35		)
Income (loss) before income taxes	1,499			6,091			(31		)	(3,694		)	3,865
Benefit (provision) for income taxes	864			(2,376		)	—			—			(1,512		)
Net income (loss)	2,363			3,715			(31		)	(3,694		)	2,353
Net loss attributable to noncontrolling interest	—			—			10			—			10
Net income (loss) attributable to The New Home Company Inc.	$	2,363		$	3,715		$	(21	)	$	(3,694	)	$	2,363

	Six Months Ended June 30, 2016
	NWHM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Revenues:
Home sales	$	—		$	115,982		$	5,157		$	—		$	121,139
Fee Building	—			73,120			—			(155		)	72,965
	—			189,102			5,157			(155		)	194,104
Cost of Sales:
Home sales	—			101,422			4,638			—			106,060
Fee building	966			68,265			—			—			69,231
	966			169,687			4,638			—			175,291
Gross Margin:
Home sales	—			14,560			519			—			15,079
Fee building	(966		)	4,855			—			(155		)	3,734
	(966		)	19,415			519			(155		)	18,813
Selling and marketing expenses	—			(7,838		)	(684		)	—			(8,522		)
General and administrative expenses	(6,466		)	(4,542		)	—			—			(11,008		)
Equity in net income of unconsolidated joint ventures	—			3,940			—			—			3,940
Equity in net income of subsidiaries	6,448			—			—			(6,448		)	—
Other income (expense), net	(39		)	(369		)	(142		)	155			(395		)
Income (loss) before income taxes	(1,023		)	10,606			(307		)	(6,448		)	2,828
Benefit (provision) for income taxes	2,718			(3,971		)	—			—			(1,253		)
Net income (loss)	1,695			6,635			(307		)	(6,448		)	1,575
Net loss attributable to noncontrolling interest	—			—			120			—			120
Net income (loss) attributable to The New Home Company Inc.	$	1,695		$	6,635		$	(187	)	$	(6,448	)	$	1,695

Supplemental Condensed Consolidated Statement of Cash Flows [Table Text Block]

	Six Months Ended June 30, 2017
	NWHM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Net cash used in operating activities	$	(21,176	)	$	(49,302	)	$	(47	)	$	(886	)	$	(71,411	)
Investing activities:
Purchases of property and equipment	(40		)	(55		)	—			—			(95		)
Cash assumed from joint venture at consolidation	—			995			—			—			995
Contributions and advances to unconsolidated joint venture	—			(8,517		)	—			—			(8,517		)
Contributions to subsidiaries from corporate	(94,035		)	—			—			94,035			—
Distributions of capital from subsidiaries	19,880			—			—			(19,880		)	—
Distributions of capital from unconsolidated joint ventures	—			2,948			—			—			2,948
Net cash (used in) provided by investing activities	$	(74,195	)	$	(4,629	)	$	—		$	74,155		$	(4,669	)
Financing activities:
Proceeds from senior notes	324,465			—			—			—			324,465
Borrowings from credit facility	72,000			—			—			—			72,000
Repayments of credit facility	(190,000		)	—			—			—			(190,000		)
Payment of debt issuance costs	(6,440		)	—			—			—			(6,440		)
Contributions to subsidiaries from corporate	—			94,035			—			(94,035		)	—
Distributions to corporate from subsidiaries	—			(20,766		)	—			20,766			—
Minimum tax withholding paid on behalf of employees for stock awards	(584		)	—			—			—			(584		)
Proceeds from exercise of stock options	102			—			—			—			102
Net cash provided by financing activities	$	199,543		$	73,269		$	—		$	(73,269	)	$	199,543
Net increase (decrease) in cash and cash equivalents	104,172			19,338			(47		)	—			123,463
Cash and cash equivalents – beginning of period	16,385			13,842			269			—			30,496
Cash and cash equivalents – end of period	$	120,557		$	33,180		$	222		$	—		$	153,959

	Six Months Ended June 30, 2016
	NWHM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Net cash used in operating activities	$	(22,026	)	$	(144,949	)	$	3,347		$	(2,071	)	$	(165,699	)
Investing activities:
Purchases of property and equipment	(156		)	(140		)	—			—			(296		)
Cash assumed from joint venture at consolidation	—			2,009			—			—			2,009
Contributions and advances to unconsolidated joint venture	—			(5,656		)	—			—			(5,656		)
Contributions to subsidiaries from corporate	(160,406		)	—			—			160,406			—
Distributions of capital from subsidiaries	18,929			725			—			(19,654		)	—
Distributions of capital from unconsolidated joint ventures	—			7,405			—			—			7,405
Net cash (used in) provided by investing activities	$	(141,633	)	$	4,343		$	—		$	140,752		$	3,462
Financing activities:
Borrowings from senior notes and credit facility	175,000			—			—			—			175,000
Repayments of credit facility	(11,000		)	—			—			—			(11,000		)
Borrowings from other notes payable	—			—			343			—			343
Repayments of other notes payable	—			(13,135		)	(2,501		)	—			(15,636		)
Payment of debt issuance costs	(1,064		)	—			—			—			(1,064		)
Cash distributions to noncontrolling interest in subsidiary	—			—			(725		)	—			(725		)
Contributions to subsidiaries from corporate	—			160,406			—			(160,406		)	—
Distributions to corporate from subsidiaries	—			(21,000		)	(725		)	21,725			—
Minimum tax withholding paid on behalf of employees for stock awards	(647		)	—			—			—			(647		)
Excess income tax provision from stock-based compensation	(97		)	—			—			—			(97		)
Net cash provided by (used in) financing activities	$	162,192		$	126,271		$	(3,608	)	$	(138,681	)	$	146,174
Net decrease in cash and cash equivalents	(1,467		)	(14,335		)	(261		)	—			(16,063		)
Cash and cash equivalents – beginning of period	18,129			27,140			605			—			45,874
Cash and cash equivalents – end of period	$	16,662		$	12,805		$	344		$	—		$	29,811