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Business Combinations (Tables) - UCP, Inc [Member]
9 Months Ended
Sep. 30, 2017
Business Combinations [Line Items]  
Summary Of Total Consideration



 

 

 

UCP Shares (including noncontrolling interest) as of August 4, 2017

 

 

18,085 

Cash paid per share

 

$

5.32 

Cash consideration

 

$

96,213 

UCP Shares (including noncontrolling interest) as of August 4, 2017

 

 

18,085 

Exchange ratio

 

 

0.2309 

Number of CCS shares issued

 

 

4,176 

Closing price of Century Communities Stock on August 4, 2017

 

$

25.80 

Consideration attributable to common stock

 

$

107,737 

Cash paid for fractional shares

 

$

1,508 

Total replacement award value

 

$

1,149 

Total consideration in cash and equity

 

$

206,607 



Schedule Of Initial Estimate Of Fair Values Of Assets Acquired And Liabilities Assumed



 

 

Cash and cash equivalents

$

20,264 

Accounts receivable

 

7,671 

Inventories

 

400,011 

Prepaid expenses and other assets

 

6,988 

Property and equipment, net

 

717 

Deferred tax asset, net

 

5,419 

Total assets

$

441,070 



 

 

Accounts payable

$

10,712 

Accrued expenses and other liabilities

 

70,832 

Notes payable and revolving loan agreement

 

152,919 

Total liabilities

 

234,463 

Purchase price/Net equity

$

206,607 



Pro Forma Financial Information [Abstract]  
Schedule Of Pro Forma Information



 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended September 30,

 

Nine Months Ended September 30,



2017

 

2016

 

2017

 

2016

Revenues

$

416,223 

 

$

347,153 

 

$

1,142,371 

 

$

941,953 



 

 

 

 

 

 

 

 

 

 

 

Income before tax expense

$

24,604 

 

$

22,303 

 

$

69,950 

 

$

55,052 

Tax expense

 

(10,731)

 

 

(6,270)

 

 

(23,878)

 

 

(16,476)

Net income

$

13,873 

 

$

16,033 

 

$

46,072 

 

$

38,576 

Less: Undistributed earnings allocated to participating securities

 

(72)

 

 

(242)

 

 

(352)

 

 

(734)

Numerator for basic and diluted pro forma EPS

$

13,801 

 

$

15,791 

 

$

45,720 

 

$

37,842 



 

 

 

 

 

 

 

 

 

 

 

Pro forma weighted average shares-basic

 

27,034,192 

 

 

24,849,375 

 

 

26,342,362 

 

 

24,819,536 

Pro forma weighted average shares-diluted

 

27,314,776 

 

 

24,997,920 

 

 

26,579,292 

 

 

24,907,783 



 

 

 

 

 

 

 

 

 

 

 

Pro forma basic EPS

$

0.51 

 

$

0.64 

 

$

1.74 

 

$

1.52 

Pro forma diluted EPS

$

0.51 

 

$

0.63 

 

$

1.72 

 

$

1.52