Supplemental Guarantor Information (Tables)

9 Months Ended

Sep. 30, 2017

Supplemental Guarantor Information [Abstract]

Supplemental Condensed Consolidating Balance Sheet [Table Text Block]

	September 30, 2017
	NWHM Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Assets
Cash and cash equivalents	$	37,378	$	24,861	$	204	$	—		$	62,443
Restricted cash	—		213		—		—			213
Contracts and accounts receivable	20		15,609		6		(1,189		)	14,446
Intercompany receivables	108,012		—		—		(108,012		)	—
Due from affiliates	—		554		—		—			554
Real estate inventories	—		478,541		—		—			478,541
Investment in and advances to unconsolidated joint ventures	—		56,814		—		—			56,814
Investment in subsidiaries	429,469		—		—		(429,469		)	—
Other assets	10,222		14,874		—		—			25,096
Total assets	$	585,101	$	591,466	$	210	$	(538,670	)	$	638,107
Liabilities and equity
Accounts payable	$	270	$	35,808	$	—	$	—		$	36,078
Accrued expenses and other liabilities	13,577		18,189		107		(1,189		)	30,684
Intercompany payables	—		108,012		—		(108,012		)	—
Senior notes, net	318,452		—		—		—			318,452
Total liabilities	332,299		162,009		107		(109,201		)	385,214
Stockholders' equity	252,802		429,457		12		(429,469		)	252,802
Noncontrolling interest in subsidiary	—		—		91		—			91
Total equity	252,802		429,457		103		(429,469		)	252,893
Total liabilities and equity	$	585,101	$	591,466	$	210	$	(538,670	)	$	638,107

	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 in subsidiary	—		—		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 September 30, 2017
	NWHM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Revenues:
Home sales	$	—		$	114,622		$	—	$	—		$	114,622
Fee building	—			43,309			—		—			43,309
	—			157,931			—		—			157,931
Cost of Sales:
Home sales	—			95,992			—		—			95,992
Fee building	364			41,444			—		—			41,808
	364			137,436			—		—			137,800
Gross Margin:
Home sales	—			18,630			—		—			18,630
Fee building	(364		)	1,865			—		—			1,501
	(364		)	20,495			—		—			20,131
Selling and marketing expenses	—			(6,860		)	—		—			(6,860		)
General and administrative expenses	(350		)	(6,115		)	—		—			(6,465		)
Equity in net income of unconsolidated joint ventures	—			99			—		—			99
Equity in net income of subsidiaries	4,695			—			—		(4,695		)	—
Other income (expense), net	127			(58		)	—		—			69
Income before income taxes	4,108			7,561			—		(4,695		)	6,974
Benefit (provision) for income taxes	210			(2,866		)	—		—			(2,656		)
Net income	4,318			4,695			—		(4,695		)	4,318
Net (income) loss attributable to noncontrolling interest in subsidiary	—			—			—		—			—
Net income attributable to The New Home Company Inc.	$	4,318		$	4,695		$	—	$	(4,695	)	$	4,318

	Three Months Ended September 30, 2016
	NWHM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Revenues:
Home sales	$	—		$	125,142		$	—		$	—		$	125,142
Fee building	—			52,761			—			—			52,761
	—			177,903			—			—			177,903
Cost of Sales:
Home sales	—			105,791			8			—			105,799
Fee building	540			50,292			—			—			50,832
	540			156,083			8			—			156,631
Gross Margin:
Home sales	—			19,351			(8		)	—			19,343
Fee building	(540		)	2,469			—			—			1,929
	(540		)	21,820			(8		)	—			21,272
Selling and marketing expenses	—			(6,053		)	(2		)	—			(6,055		)
General and administrative expenses	(3,566		)	(2,902		)	—			—			(6,468		)
Equity in net income of unconsolidated joint ventures	—			488			—			—			488
Equity in net income of subsidiaries	8,230			—			—			(8,230		)	—
Other income (expense), net	(22		)	(173		)	—			—			(195		)
Income (loss) before income taxes	4,102			13,180			(10		)	(8,230		)	9,042
Benefit (provision) for income taxes	1,445			(4,910		)	—			—			(3,465		)
Net income (loss)	5,547			8,270			(10		)	(8,230		)	5,577
Net income attributable to noncontrolling interest in subsidiary	—			—			(30		)	—			(30		)
Net income (loss) attributable to The New Home Company Inc.	$	5,547		$	8,270		$	(40	)	$	(8,230	)	$	5,547

	Nine Months Ended September 30, 2017
	NWHM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Revenues:
Home sales	$	—		$	280,957		$	—		$	—		$	280,957
Fee building	—			146,107			—			—			146,107
	—			427,064			—			—			427,064
Cost of Sales:
Home sales	—			238,514			31			—			238,545
Home sales impairments	—			1,300			—			—			1,300
Fee building	1,449			140,184			—			—			141,633
	1,449			379,998			31			—			381,478
Gross Margin:
Home sales	—			41,143			(31		)	—			41,112
Fee building	(1,449		)	5,923			—			—			4,474
	(1,449		)	47,066			(31		)	—			45,586
Selling and marketing expenses	—			(18,237		)	—			—			(18,237		)
General and administrative expenses	(1,504		)	(15,646		)	—			—			(17,150		)
Equity in net income of unconsolidated joint ventures	—			606			—			—			606
Equity in net income of subsidiaries	8,389			—			—			(8,389		)	—
Other income (expense), net	171			(137		)	—			—			34
Income (loss) before income taxes	5,607			13,652			(31		)	(8,389		)	10,839
Benefit (provision) for income taxes	1,074			(5,242		)	—			—			(4,168		)
Net income (loss)	6,681			8,410			(31		)	(8,389		)	6,671
Net loss attributable to noncontrolling interest in subsidiary	—			—			10			—			10
Net income (loss) attributable to The New Home Company Inc.	$	6,681		$	8,410		$	(21	)	$	(8,389	)	$	6,681

	Nine Months Ended September 30, 2016
	NWHM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Revenues:
Home sales	$	—		$	241,124		$	5,157		$	—		$	246,281
Fee building	—			125,881			—			(155		)	125,726
	—			367,005			5,157			(155		)	372,007
Cost of Sales:
Home sales	—			207,213			4,646			—			211,859
Fee building	1,506			118,557			—			—			120,063
	1,506			325,770			4,646			—			331,922
Gross Margin:
Home sales	—			33,911			511			—			34,422
Fee building	(1,506		)	7,324			—			(155		)	5,663
	(1,506		)	41,235			511			(155		)	40,085
Selling and marketing expenses	—			(13,891		)	(686		)	—			(14,577		)
General and administrative expenses	(10,032		)	(7,444		)	—			—			(17,476		)
Equity in net income of unconsolidated joint ventures	—			4,428			—			—			4,428
Equity in net income of subsidiaries	14,678			—			—			(14,678		)	—
Other income (expense), net	(61		)	(542		)	(142		)	155			(590		)
Income (loss) before income taxes	3,079			23,786			(317		)	(14,678		)	11,870
Benefit (provision) for income taxes	4,163			(8,881		)	—			—			(4,718		)
Net income (loss)	7,242			14,905			(317		)	(14,678		)	7,152
Net loss attributable to noncontrolling interest in subsidiary	—			—			90			—			90
Net income (loss) attributable to The New Home Company Inc.	$	7,242		$	14,905		$	(227	)	$	(14,678	)	$	7,242

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

	Nine Months Ended September 30, 2017
	NWHM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Net cash used in operating activities	$	(20,466	)	$	(135,368	)	$	(65	)	$	(4,421	)	$	(160,320	)
Investing activities:
Purchases of property and equipment	(46		)	(99		)	—			—			(145		)
Cash assumed from joint venture at consolidation	—			995			—			—			995
Contributions and advances to unconsolidated joint ventures	—			(21,296		)	—			—			(21,296		)
Contributions to subsidiaries from corporate	(207,849		)	—			—			207,849			—
Distributions of capital from subsidiaries	50,759			—			—			(50,759		)	—
Distributions of capital from unconsolidated joint ventures	—			13,650			—			—			13,650
Interest collected on advances to unconsolidated joint ventures	$	—		$	468		$	—		$	—		$	468
Net cash used in investing activities	$	(157,136	)	$	(6,282	)	$	—		$	157,090		$	(6,328	)
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	(7,382		)	—			—			—			(7,382		)
Contributions to subsidiaries from corporate	—			207,849			—			(207,849		)	—
Distributions to corporate from subsidiaries	—			(55,180		)	—			55,180			—
Minimum 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	$	198,595		$	152,669		$	—		$	(152,669	)	$	198,595
Net increase (decrease) in cash and cash equivalents	20,993			11,019			(65		)	—			31,947
Cash and cash equivalents – beginning of period	16,385			13,842			269			—			30,496
Cash and cash equivalents – end of period	$	37,378		$	24,861		$	204		$	—		$	62,443

	Nine Months Ended September 30, 2016
	NWHM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated NWHM
	(Dollars in thousands)
Net cash (used in) provided by operating activities	$	(16,393	)	$	(122,367	)	$	3,293		$	(11,227	)	$	(146,694	)
Investing activities:
Purchases of property and equipment	(175		)	(204		)	—			—			(379		)
Cash assumed from joint venture at consolidation	—			2,009			—			—			2,009
Contributions and advances to unconsolidated joint ventures	—			(7,707		)	—			—			(7,707		)
Contributions to subsidiaries from corporate	(179,004		)	—			—			179,004			—
Distributions of capital from subsidiaries	41,573			725			—			(42,298		)	—
Distributions of capital and repayment of advances to unconsolidated joint ventures	—			13,977			—			—			13,977
Net cash (used in) provided by investing activities	$	(137,606	)	$	8,800		$	—		$	136,706		$	7,900
Financing activities:
Borrowings from senior notes and credit facility	193,000			—			—			—			193,000
Repayments of credit facility	(38,000		)	—			—			—			(38,000		)
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	—			179,004			—			(179,004		)	—
Distributions to corporate from subsidiaries	—			(52,800		)	(725		)	53,525			—
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	$	153,192		$	113,069		$	(3,608	)	$	(125,479	)	$	137,174
Net decrease in cash and cash equivalents	(807		)	(498		)	(315		)	—			(1,620		)
Cash and cash equivalents – beginning of period	18,129			27,140			605			—			45,874
Cash and cash equivalents – end of period	$	17,322		$	26,642		$	290		$	—		$	44,254