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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES    
Net income (loss) $ 791 $ (5,008)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 1,566 829
Amortization of stock-based compensation 848 885
Impairment charges 161 0
Equity in loss from unconsolidated entities 6 6
Gain from disposal of assets (11)  
Changes in operating assets and liabilities:    
Restricted cash 25,665 (4,400)
Land and other inventories (47,410) (39,199)
Receivables (2,983) (1,005)
Prepaid expenses and other assets 5,473 (23)
Accounts payable, estimated development liability, and accrued and other liabilities (7,638) (2,836)
Customer deposits 4,293 4,227
NET CASH USED IN OPERATING ACTIVITIES (19,239) (46,524)
INVESTING ACTIVITIES    
Investment in property and equipment (261) (249)
Proceeds from sales of property and equipment 11  
Investment in unconsolidated entities (21) (2,109)
NET CASH USED IN INVESTING ACTIVITIES (271) (2,358)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations [Abstract]    
Gross proceeds from Senior Secured Credit Facility 35,000  
Principal payments of notes (46,793)  
Other financing activities, net (21) (97)
NET CASH USED IN FINANCING ACTIVITIES (11,814) (97)
DECREASE IN CASH AND CASH EQUIVALENTS (31,324) (48,979)
Cash and cash equivalents at beginning of period 46,898 180,334
Cash and cash equivalents at end of period $ 15,574 131,355
Noncash transactions:    
Transfer from assets held for sale to land and other inventories and property and equipment   4,051
Accrued investment in property and equipment   $ 116