XML 74 R55.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt - Senior Secured and Senior Unsecured Credit Facility (Details) - USD ($)
$ in Thousands
May 18, 2017
Dec. 31, 2017
Dec. 31, 2016
Debt      
Borrowings outstanding   $ 480,000 $ 280,000
Net proceeds of equity offerings (percent) 50.00%    
Senior Unsecured Credit Facility      
Debt      
Maximum borrowing capacity $ 155,000 $ 155,000  
Conditional maximum borrowing capacity $ 250,000    
Letter of credit borrowing percentage 50.00%    
Unrestricted cash in the borrowing base (percent) 100.00%    
Commitment fee (percent) 0.50%    
Leverage ratio 60    
Interest coverage ratio 1.50    
Tangible net worth $ 325,100    
Net income percentage 50.00%    
Senior Unsecured Credit Facility | LIBOR      
Debt      
Variable rate (percent) 3.25%    
Senior Unsecured Credit Facility | Prime Rate      
Debt      
Variable rate (percent) 2.25%    
Senior Unsecured Credit Facility | Property under contract or construction      
Debt      
Book value included in the borrowing base (percent) 85.00%    
Senior Unsecured Credit Facility | Finished lots and lots under development      
Debt      
Book value included in the borrowing base (percent) 65.00%    
Senior Unsecured Credit Facility | Entitled lands      
Debt      
Book value included in the borrowing base (percent) 50.00%