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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities    
Net income (loss) $ 656 $ 3,086
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 4,261 3,585
Amortization of share-based compensation 1,460 1,529
Change in fair value of contingent consideration (1,294)  
Impairment charges 1,222 219
Loss on extinguishment of debt 0 2,933
Deferred income taxes, net 286 2,394
Other adjustments 143 366
Changes in operating assets and liabilities:    
Receivables 9,336 1,327
Land and other inventories (101,029) (46,457)
Prepaid expenses and other assets (4,227) (4,022)
Accounts payable, estimated development liability, and accrued and other liabilities 6,807 (6,599)
Customer deposits 4,154 5,689
Net cash used in operating activities (78,225) (35,950)
Investing Activities    
Investment in property and equipment (3,685) (1,256)
Business acquisitions (42,423) (41,053)
Investment in unconsolidated entities   (12)
Net cash used in investing activities (46,108) (42,321)
Financing Activities    
Proceeds from issuance of debt   400,000
Gross proceeds from Senior Secured Credit Facility   30,000
Payments of Senior Secured Credit Facility   (30,000)
Debt issuance costs   (8,091)
Principal payments of senior debt   (47,248)
Contingent consideration and other financing activities (50) (2,782)
Net cash used in financing activities (50) 341,879
Increase (decrease) in cash, cash equivalents and restricted cash (124,383) 263,608
Cash, cash equivalents and restricted cash at beginning of year 242,155 69,023
Cash, cash equivalents and restricted cash at end of year 117,772 332,631
Supplemental cash flow information:    
Interest paid, net of capitalized interest 5,017 1,530
Income taxes paid 190 580
Supplemental non-cash investing activity:    
Accrual of contingent consideration as of the acquisition date $ 2,418 $ 1,818