Subsequent Events

6 Months Ended

Jun. 30, 2017

Subsequent Events [Abstract]

Subsequent Events

17. Subsequent Events

On April 11, 2017, we announced that we had entered into a definitive agreement pursuant to which UCP, Inc. (NYSE: UCP) will be merged into the Company.  UCP, Inc. is a homebuilder and land developer with expertise in residential land acquisition, development and entitlement, as well as home design, construction and sales, with operations in California, Washington, North Carolina, South Carolina and Tennessee.  The transaction has been unanimously approved by the board of directors of both the Company and UCP and was also approved by UCP shareholders on August 1, 2017.  Upon completion of the merger, each share of UCP Class A common stock outstanding immediately prior to the closing will be converted into the right to receive $5.32 in cash and 0.2309 of a newly issued share of our common stock.  Approximately 4.2 million shares of our common stock are expected to be issued in connection with the transaction.  The merger is expected to close on August 4, 2017.