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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities      
Net income (loss) $ (21,936) $ 147,107 $ 11,950
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 6,897 6,368 3,693
Amortization of share-based compensation 3,312 2,207 3,113
Change in fair value of contingent consideration (1,818) (422) (116)
Impairment charges 943 769 0
Loss on extinguishment of debt 9,848    
Deferred income taxes, net 39,892 (110,257)  
Other adjustments, net 369 135 (185)
Changes in operating assets and liabilities:      
Restricted cash 66 25,717 (10,501)
Receivables (2,716) (3,649) (3,698)
Land and other inventories 19,011 (2,646) (83,804)
Prepaid expenses and other assets (5,889) 3,646 1,510
Accounts payable, estimated development liability, and accrued and other liabilities (12,898) 3,487 17,248
Customer deposits (472) 1,350 1,813
Net cash provided by (used in) operating activities 34,609 73,812 (58,977)
Investing Activities      
Investment in property and equipment (2,161) (1,578) (1,209)
Proceeds from sales of property and equipment 5 11 31
Business acquisitions (41,150) 10 (93,760)
Investment in unconsolidated entities (267) (20) (2,887)
Net cash used in investing activities (43,573) (1,577) (97,825)
Financing Activities      
Proceeds from issuance of debt 400,000   79,930
Gross proceeds from Senior Secured Credit Facility 30,000 35,000 40,000
Payments of Senior Secured Credit Facility (30,000) (35,000) (40,000)
Debt issuance costs (8,148)   (2,072)
Principal payments of senior debt (200,000) (46,793) (53,163)
Premium paid on redemption of debt (6,718)    
Contingent consideration and other financing activities (2,972) (4,548) (1,329)
Net cash provided by (used in) financing activities 182,162 (51,341) 23,366
Increase (decrease) in cash and cash equivalents 173,198 20,894 (133,436)
Cash and cash equivalents at beginning of year 67,792 46,898 180,334
Cash and cash equivalents at end of year 240,990 67,792 46,898
Non-cash transactions      
Transfer from assets held for sale to land and other inventories and property and equipment     4,051
Distribution of land from unconsolidated joint venture     19,860
Supplemental cash flow information:      
Interest paid, net of capitalized interest 12,656 2,098 4,846
Income taxes paid 720 $ 1,240  
Supplemental non-cash investing activity:      
Accrual of contingent consideration as of the acquisition date $ 1,818   $ 6,000