Business Acquisitions (Tables)

6 Months Ended

Jun. 30, 2022

Century Homes Florida, Limited Liability Company

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The final purchase price allocation as of January 31, 2022 was as follows (in thousands):

Cash acquired	$	3,993
Other assets	754
Goodwill	1,795
Inventories	34,324
Property and equipment, net	549
Liabilities	(5,831)
Total purchase price	$	35,584

MHI Acquisition

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The total purchase price was as follows (in thousands):

Cash consideration	$	488,178
Contingent consideration based on future earnings	94,573
Total consideration	$	582,751

The purchase price allocation as of June 30, 2022, was as follows (in thousands):

Cash acquired	$	297
Inventories	473,037
Lot deposits	40,452
Other assets	14,722
Property and equipment, net	3,163
Equity method investments	6,192
Intangible assets, net of amortization	8,840
Goodwill	141,071
Operating lease right-of-use assets	1,508
Accounts payable	(41,466)
Accrued expenses	(25,801)
Customer deposits	(37,756)
Operating lease liabilities	(1,508)
Total purchase price	$	582,751