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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities    
Net income (loss) $ 1,609 $ 130,049
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 5,331 4,729
Amortization of share-based compensation 2,534 1,911
Change in fair value of contingent consideration (647) (422)
Impairment charges 535 335
Loss on extinguishment of debt 9,872  
Deferred income taxes, net 1,523 (110,501)
Payment of withholding taxes on share-based awards 363 115
Other adjustments, net 5 14
Changes in operating assets and liabilities:    
Restricted cash 49 25,809
Receivables 2,970 (1,070)
Land and other inventories (56,675) (48,713)
Prepaid expenses and other assets (1,327) 2,704
Accounts payable, estimated development liability, and accrued and other liabilities (9,066) (1,595)
Customer deposits 4,915 3,594
Net cash provided by (used in) operating activities (38,009) 6,959
Investing Activities    
Investment in property and equipment (1,647) (1,389)
Proceeds from sales of property and equipment 5 11
Business acquisitions (41,150) 10
Investment in unconsolidated entities (17) (20)
Net cash used in investing activities (42,809) (1,388)
Financing Activities    
Proceeds from issuance of debt 400,000  
Gross proceeds from Senior Secured Credit Facility 30,000 35,000
Payments of Senior Secured Credit Facility (30,000) (20,000)
Debt issuance costs (8,146)  
Principal payments of senior debt (200,000) (46,793)
Premium paid on redemption of debt (6,718)  
Payment of withholding taxes on share-based awards (363) (115)
Contingent consideration and other financing activities (2,415) (4,272)
Net cash provided by (used in) financing activities 182,358 (36,180)
Increase (decrease) in cash and cash equivalents 101,540 (30,609)
Cash and cash equivalents at beginning of year 67,792 46,898
Cash and cash equivalents at end of year 169,332 16,289
Supplemental cash flow information:    
Interest paid, net of capitalized interest 4,600 7,476
Income taxes paid 580 $ 810
Supplemental non-cash investing activity:    
Accrual of contingent consideration as of the acquisition date $ 1,818