XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 84,097 $ 227,227
Restricted cash (VIE amounts of $2,944 and $4,275) 45,296 54,095
Accounts receivable (VIE amounts of $1,711 and $2,684) 30,280 33,482
Inventories:    
Construction in process and finished homes 1,254,199 961,779
Company owned land and lots 93,404 83,197
VIE owned land and lots 8,414 21,686
Total inventories 1,356,017 1,066,662
Lot deposits 288,426 241,406
Other assets (VIE amounts of $2,727 and $2,185) 78,946 43,962
Equity method investments 14,188 15,967
Property and equipment, net 6,511 6,789
Operating lease right-of-use assets 25,108 19,359
Deferred tax asset 4,905 4,232
Intangible assets, net of amortization 7,085 9,140
Goodwill 171,927 171,927
Total assets 2,112,786 1,894,248
Liabilities    
Accounts payable (VIE amounts of $668 and $1,309) 130,115 113,498
Accrued expenses (VIE amounts of $6,213 and $6,915) 126,823 139,508
Customer deposits 190,945 177,685
Construction lines of credit 875,000 760,000
Notes payable (VIE amounts of $0 and $1,979) 1,568 3,292
Operating lease liabilities 25,625 19,826
Contingent consideration 115,555 124,056
Total liabilities 1,465,631 1,337,865
Commitments and contingencies (Note 5)
Mezzanine Equity    
Preferred mezzanine equity 155,621 155,220
Stockholders’ Equity    
Additional paid-in capital 261,207 257,963
Retained earnings 217,346 118,194
Non-controlling interests 12,056 24,081
Total mezzanine and stockholders’ equity 647,155 556,383
Total liabilities, mezzanine equity, and stockholders’ equity 2,112,786 1,894,248
Class A Common Stock    
Stockholders’ Equity    
Common stock, value 323 323
Class B Common Stock    
Stockholders’ Equity    
Common stock, value $ 602 $ 602