Supplemental Guarantor Information (Tables)

9 Months Ended

Sep. 30, 2018

Supplemental Guarantor Information [Abstract]

Supplemental Condensed Consolidated Balance Sheet

	Supplemental Condensed Consolidated Balance Sheet
	As of September 30, 2018  (in thousands)
			Guarantor		Non Guarantor		Elimination		Consolidated
	Century		Subsidiaries		Subsidiaries		Entries		Century
Assets
Cash and cash equivalents	$	—	$	8,922	$	23,585	$	(16,580)	$	15,927
Cash held in escrow		—		31,906		—		—		31,906
Accounts receivable		15,672		12,271		72		—		28,015
Investment in consolidated  subsidiaries		1,860,196		—		—		(1,860,196)		—
Inventories		—		1,834,897		—		—		1,834,897
Mortgage loans held for sale		—		—		62,440		—		62,440
Prepaid expenses and other assets		6,835		91,457		1,953		—		100,245
Deferred tax assets, net		10,412		—		—		—		10,412
Property and equipment, net		13,153		18,982		692		—		32,827
Amortizable intangible assets, net		—		5,205		—		—		5,205
Goodwill		—		30,620		—		—		30,620
Total assets	$	1,906,268	$	2,034,260	$	88,742	$	(1,876,776)	$	2,152,494
Liabilities and stockholders’ equity
Liabilities:
Accounts payable	$	17,084	$	39,704	$	406	$	(16,580)	$	40,614
Accrued expenses and other liabilities		31,215		156,939		2,151		—		190,305
Notes payable		775,462		11,993		—		—		787,455
Revolving line of credit		236,000		—		—		—		236,000
Mortgage repurchase facilities		—		—		57,327		—		57,327
Total liabilities		1,059,761		208,636		59,884		(16,580)		1,311,701
Stockholders’ equity:		846,507		1,825,624		28,858		(1,860,196)		840,793
Total liabilities and stockholders’ equity	$	1,906,268	$	2,034,260	$	88,742	$	(1,876,776)	$	2,152,494

	Supplemental Condensed Consolidated Balance Sheet
	As of December 31, 2017  (in thousands)
			Guarantor		Non Guarantor		Elimination		Consolidated
	Century		Subsidiaries		Subsidiaries		Entries		Century
Assets
Cash and cash equivalents	$	56,234	$	23,399	$	9,199	$	—	$	88,832
Cash held in escrow		—		37,088		635		—		37,723
Accounts receivable		3,124		9,944		(69)		—		12,999
Investment in consolidated  subsidiaries		1,434,619		—		—		(1,434,619)		—
Inventories		—		1,390,354		—		—		1,390,354
Mortgage loans held for sale		—		—		52,327		—		52,327
Prepaid expenses and other assets		3,028		57,273		511		—		60,812
Deferred tax assets, net		5,555		—		—		—		5,555
Property and equipment, net		11,694		15,683		534		—		27,911
Investment in unconsolidated subsidiaries		28,208		—		—				28,208
Amortizable intangible assets, net		—		2,938		—		—		2,938
Goodwill		—		27,363		—		—		27,363
Total assets	$	1,542,462	$	1,564,042	$	63,137	$	(1,434,619)	$	1,735,022
Liabilities and stockholders’ equity
Liabilities:
Accounts payable	$	1,452	$	23,057	$	322	$	—	$	24,831
Accrued expenses and other liabilities		31,814		117,070		1,472		—		150,356
Notes payable		773,963		2,320		—		—		776,283
Revolving line of credit		—		—		—		—		—
Mortgage repurchase facilities		—		—		48,319		—		48,319
Total liabilities		807,229		142,447		50,113		—		999,789
Stockholders’ equity:		735,233		1,421,595		13,024		(1,434,619)		735,233
Total liabilities and stockholders’ equity	$	1,542,462	$	1,564,042	$	63,137	$	(1,434,619)	$	1,735,022

Supplemental Condensed Consolidated Statement Of Operations

		Supplemental Condensed Consolidated Statement of Operations
	For the Three Months Ended September 30, 2018 (in thousands)
				Guarantor		Non Guarantor		Elimination		Consolidated
		CCS		Subsidiaries		Subsidiaries		Entries		CCS
Revenues
Homebuilding revenues
Home sales revenues		$	—	$	552,876	$	—	$	—	$	552,876
Land sales and other  revenues			—		1,131		—		—		1,131
			—		554,007		—		—		554,007
Financial services revenue			—		—		7,722		—		7,722
Total revenues			—		554,007		7,722		—		561,729
Homebuilding cost of revenues
Cost of homes sales revenues			—		(460,144)		—		—		(460,144)
Cost of land sales and other revenues			—		(1,093)		—		—		(1,093)
			—		(461,237)		—		—		(461,237)
Financial services costs			—		—		(6,056)		—		(6,056)
Selling, general and administrative			(20,187)		(50,788)		—		—		(70,975)
Acquisition expense			(58)		—		—		—		(58)
Equity in earnings from consolidated subsidiaries			32,282		—		—		(32,282)		—
Other income (expense)			61		(606)		—		—		(545)
Income before income tax expense			12,098		41,376		1,666		(32,282)		22,858
Income tax expense			4,950		(10,344)		(416)		—		(5,810)
Net income		$	17,048	$	31,032	$	1,250	$	(32,282)	$	17,048

		Supplemental Condensed Consolidated Statement of Operations
	For the Three Months Ended September 30, 2017 (in thousands)
				Guarantor		Non Guarantor		Elimination		Consolidated
		Century		Subsidiaries		Subsidiaries		Entries		Century
Revenues
Homebuilding revenues
Home sales revenues		$	—	$	374,935	$	—	$	—	$	374,935
Land sales and other  revenues			—		1,826		—		—		1,826
			—		376,761		—		—		376,761
Financial services revenue			—		—		2,955		—		2,955
Total revenues			—		376,761		2,955		—		379,716
Homebuilding cost of revenues
Cost of homes sales revenues			—		(311,365)		—		—		(311,365)
Cost of land sales and other revenues			—		(2,104)		—		—		(2,104)
			—		(313,469)		—		—		(313,469)
Financial services costs			—		—		(2,450)		—		(2,450)
Selling, general and administrative			(13,342)		(32,823)		—		—		(46,165)
Acquisition expense			(7,205)		—		—		—		(7,205)
Equity in earnings of consolidated subsidiaries			20,470		—		—		(20,470)		—
Equity in income from unconsolidated subsidiaries			3,716		—		—		—		3,716
Other income (expense)			495		518		—		—		1,013
Income before income tax expense			4,134		30,987		505		(20,470)		15,156
Income tax expense			5,336		(10,845)		(177)		—		(5,686)
Net income		$	9,470	$	20,142	$	328	$	(20,470)	$	9,470

		Supplemental Condensed Consolidated Statement of Operations
	For the Nine Months Ended September 30, 2018 (in thousands)
				Guarantor		Non Guarantor		Elimination		Consolidated
		CCS		Subsidiaries		Subsidiaries		Entries		CCS
Revenues
Homebuilding revenues
Home sales revenues		$	—	$	1,469,871	$	—	$	—	$	1,469,871
Land sales and other  revenues			—		4,304		—		—		4,304
			—		1,474,175		—		—		1,474,175
Financial services revenue			—		—		21,292		—		21,292
Total revenues			—		1,474,175		21,292		—		1,495,467
Homebuilding cost of revenues
Cost of homes sales revenues			—		(1,206,924)		—		—		(1,206,924)
Cost of land sales and other revenues			—		(3,010)		—		—		(3,010)
			—		(1,209,934)		—		—		(1,209,934)
Financial services costs			—		—		(15,836)		—		(15,836)
Selling, general and administrative			(53,802)		(137,328)		—		—		(191,130)
Acquisition expense			(395)		—		—		—		(395)
Equity in earnings from consolidated subsidiaries			97,688		—		—		(97,688)		—
Equity in income of unconsolidated subsidiaries			14,849		—		—		—		14,849
Other income (expense)			(194)		(359)		—		—		(553)
Income before income tax expense			58,146		126,554		5,456		(97,688)		92,468
Income tax expense			12,115		(32,904)		(1,418)		—		(22,207)
Net income		$	70,261	$	93,650	$	4,038	$	(97,688)	$	70,261

		Supplemental Condensed Consolidated Statement of Operations
	For the Nine Months Ended September 30, 2017 (in thousands)
				Guarantor		Non Guarantor		Elimination		Consolidated
		Century		Subsidiaries		Subsidiaries		Entries		Century
Revenues
Homebuilding revenues
Home sales revenues		$	—	$	888,942	$	—	$	—	$	888,942
Land sales and other  revenues			—		6,216		—		—		6,216
			—		895,158		—		—		895,158
Financial services revenue			—		—		4,697		—		4,697
Total revenues			—		895,158		4,697		—		899,855
Homebuilding cost of revenues
Cost of homes sales revenues			—		(727,577)		—		—		(727,577)
Cost of land sales and other revenues			—		(4,994)		—		—		(4,994)
			—		(732,571)		—		—		(732,571)
Financial services costs			—		—		(4,648)		—		(4,648)
Selling, general and administrative			(30,876)		(82,721)		—		—		(113,597)
Acquisition expense			(8,645)		—		—		—		(8,645)
Equity in earnings from consolidated subsidiaries			52,869		—		—		(52,869)		—
Equity in income of unconsolidated subsidiaries			7,648		—		—		—		7,648
Other income (expense)			852		1,386		36		—		2,274
Income before income tax expense			21,848		81,252		85		(52,869)		50,316
Income tax expense			11,252		(28,438)		(30)		—		(17,216)
Net income		$	33,100	$	52,814	$	55	$	(52,869)	$	33,100

Supplemental Condensed Consolidated Statement Of Cash Flows

	Supplemental Condensed Consolidated Statement of Cash Flows
	For the Nine Months Ended September 30, 2018 (in thousands)
			Guarantor		Non Guarantor		Elimination		Consolidated
	Century		Subsidiaries		Subsidiaries		Entries		Century
Net cash provided by/(used in) operating activities	$	(71,743)	$	(123,418)	$	(5,256)	$	(16,580)	$	(216,997)
Net cash used in investing activities	$	(153,607)	$	(165,939)	$	(159)	$	280,048	$	(39,657)
Financing activities
Borrowings under revolving credit facilities	$	520,000	$	—	$	—	$	—	$	520,000
Payments on revolving credit facilities		(284,000)		—		—		—		(284,000)
Proceeds from insurance notes payable		—		11,838		—		—		11,838
Extinguishments of debt assumed in business combination		(94,231)		—		—		—		(94,231)
Principal payments on notes payable		(9)		(2,164)		—		—		(2,173)
Debt issuance costs		(3,521)		—		—		—		(3,521)
Repurchases of common stock upon vesting of restricted stock awards		(5,483)		—		—		—		(5,483)
Payments from (and advances to) parent/subsidiary		5,130		263,120		11,798		(280,048)		—
Net proceeds from mortgage repurchase facilities		—		—		9,008		—		9,008
Net proceeds from issuances of common stock		31,230		—		—		—		31,230
Net cash provided by (used in) financing activities	$	169,116	$	272,794	$	20,806	$	(280,048)	$	182,668
Net increase (decrease)	$	(56,234)	$	(16,563)	$	15,391	$	(16,580)	$	(73,986)
Cash and cash equivalents and Restricted cash
Beginning of period	$	56,234	$	28,044	$	9,435	$	—	$	93,713
End of period	$	—	$	11,481	$	24,826	$	(16,580)	$	19,727
Cash and cash equivalents	$	—	$	8,922	$	23,585	$	(16,580)	$	15,927
Restricted Cash		—		2,559		1,241		—		3,800
Cash and cash equivalents and Restricted cash	$	—	$	11,481	$	24,826	$	(16,580)	$	19,727

	Supplemental Condensed Consolidated Statement of Cash Flows
	For the Nine Months Ended September 30, 2017 (in thousands)
			Guarantor		Non Guarantor		Elimination		Consolidated
	Century		Subsidiaries		Subsidiaries		Entries		Century
Net cash provided by/(used in) operating activities	$	(8,164)	$	(87,231)	$	(30,014)	$	—	$	(125,409)
Net cash used in investing activities	$	(434,617)	$	(63,905)	$	(467)	$	432,867	$	(66,122)
Financing activities
Borrowings under revolving credit facilities	$	75,000	$	—	$	—	$	—	$	75,000
Payments on revolving credit facilities		(270,000)		—		—		—		(270,000)
Proceeds from issuance of senior notes		523,000		—		—		—		523,000
Extinguishments of debt assumed in business combination		—		(151,919)		—		—		(151,919)
Principal payments on notes payable		—		(4,735)		—		—		(4,735)
Debt issuance costs		(3,731)		—		—		—		(3,731)
Repurchase of common stock upon vesting of restricted stock awards		(4,141)		—		—		—		(4,141)
Payments from (and advances to) parent/subsidiary		108,887		320,768		3,212		(432,867)		—
Net proceeds from mortgage repurchase facility		—		—		27,465		—		27,465
Net proceeds from issuances of common stock		35,010		—		—		—		35,010
Net cash provided by (used in) financing activities	$	464,025	$	164,114	$	30,677	$	(432,867)	$	225,949
Net increase (decrease)	$	21,244	$	12,978	$	196	$	—	$	34,418
Cash and cash equivalents and Restricted cash
Beginning of period	$	14,637	$	10,150	$	6,167	$	—	$	30,954
End of period	$	35,881	$	23,128	$	6,363	$	—	$	65,372
Cash and cash equivalents	$	35,881	$	16,278	$	6,363	$	—	$	58,522
Restricted Cash		—		6,850		—		—		6,850
Cash and cash equivalents and Restricted cash	$	35,881	$	23,128	$	6,363	$	—	$	65,372