Tri Pointe Homes (TPH) 10-Q 25 Apr 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 12, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Trading Symbol	TPH
Entity Registrant Name	TRI Pointe Group, Inc.
Entity Central Index Key	0001561680
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		142,210,147

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 148,782	$ 277,696
Receivables	58,234	51,592
Real estate inventories	3,242,678	3,216,059
Investments in unconsolidated entities	4,191	5,410
Goodwill and other intangible assets, net	160,293	160,427
Deferred tax assets, net	67,761	67,768
Other assets	173,956	105,251
Total assets	3,855,895	3,884,203
Liabilities
Accounts payable	66,605	81,313
Accrued expenses and other liabilities	319,791	335,149
Senior notes, net	1,412,463	1,410,804
Total liabilities	1,798,859	1,827,266
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively	0	0
Common stock, $0.01 par value, 500,000,000 shares authorized; 142,210,147 and 141,661,713 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	1,422	1,417
Additional paid-in capital	658,743	658,720
Retained earnings	1,396,858	1,396,787
Total stockholders’ equity	2,057,023	2,056,924
Noncontrolling interests	13	13
Total equity	2,057,036	2,056,937
Total liabilities and equity	$ 3,855,895	$ 3,884,203

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (shares)	50,000,000	50,000,000
Preferred stock, shares issued (shares)	0	0
Preferred stock, shares outstanding (shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (shares)	500,000,000	500,000,000
Common stock, shares issued (shares)	142,210,147	141,661,713
Common stock, shares outstanding (shares)	142,210,147	141,661,713

Consolidated Statements of Oper

Consolidated Statements of Operations (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Total revenues	$ 494,632	$ 583,676
Other operations expense	590	602
Sales and marketing	38,989	38,283
General and administrative	38,597	36,814
Homebuilding (loss) income from operations	(6,877)	56,689
Equity in loss of unconsolidated entities	(25)	(468)
Other income, net	6,241	171
Homebuilding (loss) income before income taxes	(661)	56,392
Equity in income of unconsolidated entities	775	1,002
Financial services income before income taxes	756	1,148
Income before income taxes	95	57,540
Provision for income taxes	(24)	(14,660)
Net income	$ 71	$ 42,880
Earnings per share
Basic (in dollars per share)	$ 0	$ 0.28
Diluted (in dollars per share)	$ 0	$ 0.28
Weighted average shares outstanding
Basic (shares)	141,865,270	151,464,547
Diluted (shares)	142,390,163	152,775,851
Home sales
Disaggregation of Revenue [Line Items]
Home sales and Land and lot sales revenue	$ 492,703	$ 582,572
Cost of sales	421,536	450,502
Land and lots
Disaggregation of Revenue [Line Items]
Home sales and Land and lot sales revenue	1,029	223
Cost of sales	1,495	503
Other operations
Disaggregation of Revenue [Line Items]
Total revenues	598	598
Homebuilding
Disaggregation of Revenue [Line Items]
Total revenues	494,330	583,393
Financial Services
Disaggregation of Revenue [Line Items]
Home sales and Land and lot sales revenue	302	283
Total revenues	302	283
Cost of sales	$ 321	$ 137

Consolidated Statements of Equi

Consolidated Statements of Equity (unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Total Stockholders' Equity	Noncontrolling Interests
Beginning Balance at Dec. 31, 2017	$ 1,930,327	$ 1,512	$ 793,980	$ 1,134,230	$ 1,929,722	$ 605
Beginning Balance, shares at Dec. 31, 2017		151,162,999
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	42,880			42,880	42,880
Shares issued under share-based awards	975	$ 7	968		975
Shares issued under share-based awards, shares		759,460
Minimum tax withholding paid on behalf of employees for restricted stock units	(6,049)		(6,049)		(6,049)
Stock-based compensation expense	3,470		3,470		3,470
Distributions to noncontrolling interests, net	(1)					(1)
Ending Balance at Mar. 31, 2018	1,964,248	$ 1,519	792,369	1,169,756	1,963,644	604
Ending Balance, shares at Mar. 31, 2018		151,922,459
Beginning Balance at Dec. 31, 2018	$ 2,056,937	$ 1,417	658,720	1,396,787	2,056,924	13
Beginning Balance, shares at Dec. 31, 2018	141,661,713	141,661,713
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 71			71	71
Shares issued under share-based awards	198	$ 5	193		198
Shares issued under share-based awards, shares		548,434
Minimum tax withholding paid on behalf of employees for restricted stock units	(3,605)		(3,605)		(3,605)
Stock-based compensation expense	3,435		3,435		3,435
Ending Balance at Mar. 31, 2019	$ 2,057,036	$ 1,422	$ 658,743	$ 1,396,858	$ 2,057,023	$ 13
Ending Balance, shares at Mar. 31, 2019	142,210,147	142,210,147

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net income	$ 71	$ 42,880
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	5,085	5,488
Equity in income of unconsolidated entities, net	(750)	(534)
Deferred income taxes, net	7	5,024
Amortization of stock-based compensation	3,435	3,470
Charges for impairments and lot option abandonments	5,202	248
Changes in assets and liabilities:
Real estate inventories	(29,695)	(87,107)
Receivables	(6,642)	70,351
Other assets	(5,476)	2,308
Accounts payable	(14,708)	3,379
Accrued expenses and other liabilities	(73,446)	2,165
Returns on investments in unconsolidated entities, net	1,992	2,214
Net cash (used in) provided by operating activities	(114,925)	49,886
Cash flows from investing activities:
Purchases of property and equipment	(7,224)	(2,170)
Proceeds from sale of property and equipment	7	0
Investments in unconsolidated entities	(231)	(947)
Net cash used in investing activities	(7,448)	(3,117)
Cash flows from financing activities:
Repayment of debt	(10)	0
Debt issuance costs	(3,124)	0
Distributions to noncontrolling interests	0	(1)
Proceeds from issuance of common stock under share-based awards	198	975
Minimum tax withholding paid on behalf of employees for share-based awards	(3,605)	(6,049)
Net cash used in financing activities	(6,541)	(5,075)
Net (decrease) increase in cash and cash equivalents	(128,914)	41,694
Cash and cash equivalents–beginning of period	277,696	282,914
Cash and cash equivalents–end of period	$ 148,782	$ 324,608

Organization, Basis of Presenta

Organization, Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Basis of Presentation and Summary of Significant Accounting Policies	Organization, Basis of Presentation and Summary of Significant Accounting Policies Organization TRI Pointe is engaged in the design, construction and sale of innovative single-family attached and detached homes through its portfolio of six quality brands across ten states, including Maracay in Arizona, Pardee Homes in California and Nevada, Quadrant Homes in Washington, Trendmaker Homes in Texas, TRI Pointe Homes in California, Colorado and the Carolinas and Winchester Homes in Maryland and Virginia. Basis of Presentation The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”), for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. They should be read in conjunction with our consolidated financial statements and footnotes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2018 . In the opinion of management, all adjustments consisting of normal recurring adjustments, necessary for a fair presentation with respect to interim financial statements, have been included. The results for the three months ended March 31, 2019 are not necessarily indicative of the results to be expected for the full year ending December 31, 2019 due to seasonal variations and other factors. The consolidated financial statements include the accounts of TRI Pointe Group and its wholly owned subsidiaries, as well as other entities in which TRI Pointe Group has a controlling interest and variable interest entities (“VIEs”) in which TRI Pointe Group is the primary beneficiary. The noncontrolling interests as of March 31, 2019 and December 31, 2018 represent the outside owners’ interests in the Company’s consolidated entities. All significant intercompany accounts have been eliminated upon consolidation. Use of Estimates Our financial statements have been prepared in accordance with GAAP. The preparation of these financial statements requires our management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from our estimates. Revenue Recognition We recognize revenue in accordance with Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Codified as “ASC 606”). Under ASC 606, we apply the following steps to determine the timing and amount of revenue to recognize: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies a performance obligation. Home sales revenue We generate the majority of our total revenues from home sales, which consists of our core business operation of building and delivering completed homes to homebuyers. Home sales revenue and related profit is generally recognized when title to and possession of the home is transferred to the homebuyer at the home closing date. Our performance obligation to deliver the agreed-upon home is generally satisfied in less than one year from the original contract date. Included in home sales revenue are forfeited deposits, which occur when homebuyers cancel home purchase contracts that include a nonrefundable deposit. Both revenue from forfeited deposits and deferred revenue resulting from uncompleted performance obligations existing at the time we deliver new homes to our homebuyers are immaterial. Land and lot sales revenue Historically, we have generated land and lot sales revenue from a small number of transactions, although in some years we have realized a significant amount of revenue and gross margin. We do not expect our future land and lot sales revenue to be material, but we still consider these sales to be an ordinary part of our business, thus meeting the definition of contracts with customers. Similar to our home sales, revenue from land and lot sales is typically fully recognized when the land and lot sales transactions are consummated, at which time no further performance obligations are left to be satisfied. Some of our historical land and lot sales have included future profit participation rights. We will recognize future land and lot sales revenue in the periods in which all closing conditions are met, subject to the constraint on variable consideration related to profit participation rights, if such rights exist in the sales contract. Other operations revenue The majority of our other homebuilding operations revenue relates to a ground lease at our Quadrant Homes reporting segment. We are responsible for making lease payments to the land owner, and we collect sublease payments from the buyers of the buildings. This ground lease is accounted for in accordance with ASC Topic 842, Leases . We do not recognize a material profit on this ground lease. Financial services revenues TRI Pointe Solutions is a reportable segment and is comprised of our TRI Pointe Connect mortgage financing operations, TRI Pointe Assurance title services operations, and TRI Pointe Advantage property and casualty insurance agency operations. Mortgage financing operations TRI Pointe Connect was formed as a joint venture with an established mortgage lender and is accounted for under the equity method of accounting. We record a percentage of income earned by TRI Pointe Connect based on our ownership percentage in this joint venture. TRI Pointe Connect activity appears as equity in income of unconsolidated entities under the Financial Services section of our consolidated statements of operations. Title services operations TRI Pointe Assurance provides title examinations for our homebuyers in Texas, Maryland and Virginia. TRI Pointe Assurance is a wholly owned subsidiary of TRI Pointe and acts as a title agency for First American Title Insurance Company. At the time of the consummation of the home sales transactions, we recognize a percentage of revenue captured by First American Title Insurance Company. TRI Pointe Assurance revenue is included in the Financial Services section of our consolidated statements of operations. Property and casualty insurance agency operations TRI Pointe Advantage is a wholly owned subsidiary of TRI Pointe and provides property and casualty insurance agency services that help facilitate the closing process in all of the markets in which we operate. The total consideration for these services, including renewal options, is estimated upon the issuance of the initial insurance policy, subject to constraint. TRI Pointe Advantage revenue is included in the Financial Services section of our consolidated statements of operations. Recently Issued Accounting Standards Not Yet Adopted In January 2017, the FASB issued Accounting Standards Update No. 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment (“ASU 2017-04”), which removes the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. ASU 2017-04 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019, with early adoption permitted, and applied prospectively. We do not expect the adoption of ASU 2017-04 to have a material impact on our financial statements. Adoption of New Accounting Standards In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (Codified as “ASC 842”), which requires an entity to recognize a lease right-of-use asset and lease liability on the balance sheet for the rights and obligations created by leases with durations of greater than 12 months. Right-of-use lease assets represent our right to use the underlying asset for the lease term and the lease obligation represents our commitment to make the lease payments arising from the lease. The guidance also requires more disclosures about leases in the notes to financial statements. We adopted ASC 842 on January 1, 2019, using a modified retrospective approach resulting in the recognition of a cumulative effect adjustment to the opening balance sheet of $57.4 million , which included a lease right-of-use asset offset by a lease liability on our consolidated balance sheet. No prior period adjustment was recorded. Additionally, we have elected the transition package of three practical expedients permitted under ASC 842, which among other things, allows us to retain the current operating classification for all of our existing leases prior the effective adoption date. For further details on the adoption of ASC 842, see Note 13, Commitments and Contingencies.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Segment Information	Segment Information We operate two principal businesses: homebuilding and financial services. Our homebuilding operations consist of six homebuilding brands that acquire and develop land and construct and sell single-family detached and attached homes. In accordance with ASC Topic 280, Segment Reporting , in determining the most appropriate reportable segments, we considered similar economic and other characteristics, including product types, average selling prices, gross profits, production processes, suppliers, subcontractors, regulatory environments, land acquisition results, and underlying demand and supply. Based upon these factors, our homebuilding operations are comprised of the following six reportable segments: Maracay, consisting of operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California, Colorado and the Carolinas; and Winchester Homes, consisting of operations in Maryland and Virginia. Our TRI Pointe Solutions financial services operation is a reportable segment and is comprised of our TRI Pointe Connect mortgage financing operations, our TRI Pointe Assurance title services operations, and our TRI Pointe Advantage property and casualty insurance agency operations. For further details, see Note 1, Organization, Basis of Presentation and Summary of Significant Accounting Policies. Corporate is a non-operating segment that develops and implements company-wide strategic initiatives and provides support to our homebuilding reporting segments by centralizing certain administrative functions, such as marketing, legal, accounting, treasury, insurance, internal audit and risk management, information technology and human resources, to benefit from economies of scale. Our Corporate non-operating segment also includes general and administrative expenses related to operating our corporate headquarters. A portion of the expenses incurred by Corporate is allocated to the homebuilding reporting segments. The reportable segments follow the same accounting policies used for our consolidated financial statements, as described in Note 1, Organization, Basis of Presentation and Summary of Significant Accounting Policies . Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented. Total revenues and income before income taxes for each of our reportable segments were as follows (in thousands): Three Months Ended March 31, 2019 2018 Revenues Maracay $ 39,561 $ 58,455 Pardee Homes 134,863 180,470 Quadrant Homes 43,871 61,903 Trendmaker Homes 70,821 41,408 TRI Pointe Homes 171,791 190,420 Winchester Homes 33,423 50,737 Total homebuilding revenues 494,330 583,393 Financial services 302 283 Total $ 494,632 $ 583,676 Income (loss) before income taxes Maracay $ 1,190 $ 4,391 Pardee Homes (791 ) 39,191 Quadrant Homes (2,639 ) 8,140 Trendmaker Homes (1,598 ) 370 TRI Pointe Homes 10,209 14,531 Winchester Homes (766 ) 1,607 Corporate (6,266 ) (11,838 ) Total homebuilding (loss) income before income taxes (661 ) 56,392 Financial services 756 1,148 Total $ 95 $ 57,540 Total real estate inventories and total assets for each of our reportable segments, as of the date indicated, were as follows (in thousands): March 31, 2019 December 31, 2018 Real estate inventories Maracay $ 320,459 $ 293,217 Pardee Homes 1,300,853 1,286,877 Quadrant Homes 273,621 279,486 Trendmaker Homes 284,734 271,061 TRI Pointe Homes 780,568 812,799 Winchester Homes 282,443 272,619 Total $ 3,242,678 $ 3,216,059 Total assets Maracay $ 352,968 $ 318,703 Pardee Homes 1,404,466 1,391,503 Quadrant Homes 346,697 313,947 Trendmaker Homes 315,713 325,943 TRI Pointe Homes 966,252 987,610 Winchester Homes 312,636 298,602 Corporate 136,689 228,010 Total homebuilding assets 3,835,421 3,864,318 Financial services 20,474 19,885 Total $ 3,855,895 $ 3,884,203

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table sets forth the components used in the computation of basic and diluted earnings per share (in thousands, except share and per share amounts): Three Months Ended March 31, 2019 2018 Numerator: Net income $ 71 $ 42,880 Denominator: Basic weighted-average shares outstanding 141,865,270 151,464,547 Effect of dilutive shares: Stock options and unvested restricted stock units 524,893 1,311,304 Diluted weighted-average shares outstanding 142,390,163 152,775,851 Earnings per share Basic $ 0.00 $ 0.28 Diluted $ 0.00 $ 0.28 Antidilutive stock options and unvested restricted stock units not included in diluted earnings per share 2,864,509 1,248,483

Receivables

Receivables	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Receivables	Receivables Receivables consisted of the following (in thousands): March 31, 2019 December 31, 2018 Escrow proceeds and other accounts receivable, net $ 20,715 $ 13,995 Warranty insurance receivable (Note 13) 37,519 37,597 Total receivables $ 58,234 $ 51,592 Receivables are evaluated for collectability and allowances for potential losses are established or maintained on applicable receivables when collection becomes doubtful. Receivables were net of allowances for doubtful accounts of $456,000 and $667,000 as of March 31, 2019 and December 31, 2018 , respectively.

Real Estate Inventories

Real Estate Inventories	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
Real Estate Inventories	Real Estate Inventories Real estate inventories consisted of the following (in thousands): March 31, 2019 December 31, 2018 Real estate inventories owned: Homes completed or under construction $ 1,037,271 $ 959,911 Land under development 1,668,075 1,743,537 Land held for future development 203,476 201,874 Model homes 258,545 238,828 Total real estate inventories owned 3,167,367 3,144,150 Real estate inventories not owned: Land purchase and land option deposits 75,311 71,909 Total real estate inventories not owned 75,311 71,909 Total real estate inventories $ 3,242,678 $ 3,216,059 Homes completed or under construction is comprised of costs associated with homes in various stages of construction and includes direct construction and related land acquisition and land development costs. Land under development primarily consists of land acquisition and land development costs, which include capitalized interest and real estate taxes, associated with land undergoing improvement activity. Land held for future development principally reflects land acquisition and land development costs related to land where development activity has not yet begun or has been suspended, but is expected to occur in the future. Real estate inventories not owned represents deposits related to land purchase and land and lot option agreements as well as consolidated inventory held by variable interest entities. For further details, see Note 7, Variable Interest Entities . Interest incurred, capitalized and expensed were as follows (in thousands): Three Months Ended March 31, 2019 2018 Interest incurred $ 23,373 $ 21,520 Interest capitalized (23,373 ) (21,520 ) Interest expensed $ — $ — Capitalized interest in beginning inventory $ 184,400 $ 176,348 Interest capitalized as a cost of inventory 23,373 21,520 Interest previously capitalized as a cost of inventory, included in cost of sales (14,333 ) (14,242 ) Capitalized interest in ending inventory $ 193,440 $ 183,626 Interest is capitalized to real estate inventory during development and other qualifying activities. During all periods presented, we capitalized all interest incurred to real estate inventory in accordance with ASC Topic 835, Interest, as our qualified assets exceeded our debt. Interest that is capitalized to real estate inventory is included in cost of home sales or cost of land and lot sales as related units or lots are delivered. Interest that is expensed as incurred is included in other (expense) income, net. Real Estate Inventory Impairments and Land Option Abandonments Real estate inventory impairments and land and lot option abandonments and pre-acquisition charges consisted of the following (in thousands): Three Months Ended March 31, 2019 2018 Real estate inventory impairments $ — $ — Land and lot option abandonments and pre-acquisition charges 5,202 248 Total $ 5,202 $ 248 Impairments of real estate inventory relate primarily to projects or communities that include homes completed or under construction. Within a project or community, there may be individual homes or parcels of land that are currently held for sale. Impairment charges recognized as a result of adjusting individual held-for-sale assets within a community to estimated fair value less cost to sell are also included in the total impairment charges. No real estate inventory impairments were recorded for the three-month periods ended March 31, 2019 or 2018, respectively. In addition to owning land and residential lots, we also have option agreements to purchase land and lots at a future date. We have option deposits and capitalized pre-acquisition costs associated with the optioned land and lots. When the economics of a project no longer support acquisition of the land or lots under option, we may elect not to move forward with the acquisition. Option deposits and capitalized pre-acquisition costs associated with the assets under option may be forfeited at that time. Real estate inventory impairments and land option abandonments are recorded in cost of home sales and cost of land and lot sales on the consolidated statements of operations.

Investments in Unconsolidated E

Investments in Unconsolidated Entities	3 Months Ended
	Mar. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Investments in Unconsolidated Entities	Investments in Unconsolidated Entities As of March 31, 2019 , we held equity investments in four active homebuilding partnerships or limited liability companies and one financial services limited liability company. Our participation in these entities may be as a developer, a builder, or an investment partner. Our ownership percentage varies from 7% to 65% , depending on the investment, with no controlling interest held in any of these investments. Unconsolidated Financial Information Aggregated assets, liabilities and operating results of the entities we account for as equity-method investments are provided below. Because our ownership interest in these entities varies, a direct relationship does not exist between the information presented below and the amounts that are reflected on our consolidated balance sheets as our investments in unconsolidated entities or on our consolidated statements of operations as equity in income of unconsolidated entities. Assets and liabilities of unconsolidated entities (in thousands): March 31, 2019 December 31, 2018 Assets Cash $ 10,261 $ 13,337 Receivables 3,358 4,674 Real estate inventories 100,986 99,864 Other assets 746 811 Total assets $ 115,351 $ 118,686 Liabilities and equity Accounts payable and other liabilities $ 6,930 $ 11,631 Company’s equity 4,191 5,410 Outside interests’ equity 104,230 101,645 Total liabilities and equity $ 115,351 $ 118,686 Results of operations from unconsolidated entities (in thousands): Three Months Ended March 31, 2019 2018 Net sales $ 4,111 $ 4,390 Other operating expense (2,752 ) (3,287 ) Other income 8 63 Net income $ 1,367 $ 1,166 Company’s equity in income of unconsolidated entities $ 750 $ 534

Variable Interest Entities

Variable Interest Entities	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Variable Interest Entities In the ordinary course of business, we enter into land and lot option agreements in order to procure land and residential lots for future development and the construction of homes. The use of such land and lot option agreements generally allows us to reduce the risks associated with direct land ownership and development, and reduces our capital and financial commitments. Pursuant to these land and lot option agreements, we generally provide a deposit to the seller as consideration for the right to purchase land at different times in the future, usually at predetermined prices. These deposits are recorded as land purchase and land option deposits under real estate inventories not owned on the accompanying consolidated balance sheets. We analyze each of our land and lot option agreements and other similar contracts under the provisions of ASC 810, Consolidation to determine whether the land seller is a VIE and, if so, whether we are the primary beneficiary. Although we do not have legal title to the underlying land, if we are determined to be the primary beneficiary of the VIE, we will consolidate the VIE in our financial statements and reflect its assets as real estate inventory not owned included in our real estate inventories, its liabilities as debt (nonrecourse) held by VIEs in accrued expenses and other liabilities and the net equity of the VIE owners as noncontrolling interests on our consolidated balance sheets. In determining whether we are the primary beneficiary, we consider, among other things, whether we have the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance. Such activities would include, among other things, determining or limiting the scope or purpose of the VIE, selling or transferring property owned or controlled by the VIE, or arranging financing for the VIE. Creditors of the entities with which we have land and lot option agreements have no recourse against us. The maximum exposure to loss under our land and lot option agreements is generally limited to non-refundable option deposits and any capitalized pre-acquisition costs. In some cases, we have also contracted to complete development work at a fixed cost on behalf of the land owner and budget shortfalls and savings will be borne by us. Additionally, we have entered into land banking arrangements which require us to complete development work even if we terminate the option to procure land or lots. The following provides a summary of our interests in land and lot option agreements (in thousands): March 31, 2019 December 31, 2018 Deposits Remaining Purchase Price Consolidated Inventory Held by VIEs Deposits Remaining Purchase Price Consolidated Inventory Held by VIEs Consolidated VIEs $ — $ — $ — $ — $ — $ — Unconsolidated VIEs 49,589 390,757 N/A 41,198 433,720 N/A Other land option agreements 25,722 271,299 N/A 30,711 307,498 N/A Total $ 75,311 $ 662,056 $ — $ 71,909 $ 741,218 $ — Unconsolidated VIEs represent land option agreements that were not consolidated because we were not the primary beneficiary. Other land option agreements were not considered VIEs. In addition to the deposits presented in the table above, our exposure to loss related to our land and lot option contracts consisted of capitalized pre-acquisition costs of $7.0 million and $7.5 million as of March 31, 2019 and December 31, 2018 , respectively. These pre-acquisition costs are included in real estate inventories as land under development on our consolidated balance sheets.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets As of March 31, 2019 and December 31, 2018 , $139.3 million of goodwill is included in goodwill and other intangible assets, net on each of the consolidated balance sheets. The Company’s goodwill balance is included in the TRI Pointe Homes reporting segment in Note 2, Segment Information . We have two intangible assets as of March 31, 2019 , comprised of an existing trade name from the acquisition of Maracay in 2006, which has a 20 year useful life, and a TRI Pointe Homes trade name resulting from the acquisition of Weyerhaeuser Real Estate Company in 2014, which has an indefinite useful life. Goodwill and other intangible assets consisted of the following (in thousands): March 31, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Goodwill $ 139,304 $ — $ 139,304 $ 139,304 $ — $ 139,304 Trade names 27,979 (6,990 ) 20,989 27,979 (6,856 ) 21,123 Total $ 167,283 $ (6,990 ) $ 160,293 $ 167,283 $ (6,856 ) $ 160,427 The remaining useful life of our amortizing intangible asset related to the Maracay trade name was 6.9 and 7.2 years as of March 31, 2019 and December 31, 2018 , respectively. The net carrying amount related to this intangible asset was $3.7 million and $3.8 million as of March 31, 2019 and December 31, 2018 , respectively. Amortization expense related to this intangible asset was $134,000 for each of the three-month periods ended March 31, 2019 and 2018 , respectively. Amortization of this intangible was charged to sales and marketing expense. Our $17.3 million indefinite life intangible asset related to the TRI Pointe Homes trade name is not amortizing. All trade names are evaluated for impairment on an annual basis or more frequently if indicators of impairment exist. Expected amortization of our intangible asset related to Maracay for the remainder of 2019 , the next four years and thereafter is (in thousands): Remainder of 2019 $ 400 2020 534 2021 534 2022 534 2023 534 Thereafter 1,153 Total $ 3,689

Other Assets

Other Assets	3 Months Ended
	Mar. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Other Assets Other assets consisted of the following (in thousands): March 31, 2019 December 31, 2018 Prepaid expenses $ 30,414 $ 31,983 Refundable fees and other deposits 18,071 12,376 Development rights, held for future use or sale 2,288 845 Deferred loan costs–loans payable 5,298 2,424 Operating properties and equipment, net 56,462 54,198 Lease right-of-use assets 58,088 — Other 3,335 3,425 Total $ 173,956 $ 105,251 Lease right-of-use assets was impacted by our one-time cumulative adjustment resulting from the adoption of ASC 842. As a result of our cumulative adjustment, the December 31, 2018 balance increased by $57.4 million on January 1, 2019. For further details, see Note 1, Organization, Basis of Presentation and Summary of Significant Accounting Policies.

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	3 Months Ended
	Mar. 31, 2019
Payables and Accruals [Abstract]
Accrued Expenses and Other Liabilities	Accrued Expenses and Other Liabilities Accrued expenses and other liabilities consisted of the following (in thousands): March 31, 2019 December 31, 2018 Accrued payroll and related costs $ 17,458 $ 44,010 Warranty reserves (Note 13) 70,947 71,836 Estimated cost for completion of real estate inventories 77,533 114,928 Customer deposits 21,051 17,464 Income tax liability to Weyerhaeuser 577 6,577 Accrued income taxes payable 10,853 8,335 Liability for uncertain tax positions (Note 15) 972 972 Accrued interest 24,345 12,572 Other tax liability 21,171 21,892 Lease liabilities 61,284 3,196 Other 13,600 33,367 Total $ 319,791 $ 335,149 Lease liabilities was impacted by our one-time cumulative adjustment resulting from the adoption of ASC 842. As a result of our cumulative adjustment, the December 31, 2018 balance increased by $57.4 million on January 1, 2019. For further details, see Note 1, Organization, Basis of Presentation and Summary of Significant Accounting Policies.

Senior Notes and Loans Payable

Senior Notes and Loans Payable	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Senior Notes and Loans Payable	Senior Notes and Loans Payable Senior Notes The Company’s outstanding senior notes (together, the “Senior Notes”) consisted of the following (in thousands): March 31, 2019 December 31, 2018 4.375% Senior Notes due June 15, 2019 $ 381,885 $ 381,895 4.875% Senior Notes due July 1, 2021 300,000 300,000 5.875% Senior Notes due June 15, 2024 450,000 450,000 5.250% Senior Notes due June 1, 2027 300,000 300,000 Discount and deferred loan costs (19,422 ) (21,091 ) Total $ 1,412,463 $ 1,410,804 In June 2017, TRI Pointe Group issued $300 million aggregate principal amount of 5.250% Senior Notes due 2027 (the “2027 Notes”) at 100.00% of their aggregate principal amount. Net proceeds of this issuance were $296.3 million , after debt issuance costs and discounts. The 2027 Notes mature on June 1, 2027 and interest is paid semiannually in arrears on June 1 and December 1. In May 2016, TRI Pointe Group issued $300 million aggregate principal amount of 4.875% Senior Notes due 2021 (the “2021 Notes”) at 99.44% of their aggregate principal amount. Net proceeds of this issuance were $293.9 million , after debt issuance costs and discounts. The 2021 Notes mature on July 1, 2021 and interest is paid semiannually in arrears on January 1 and July 1. TRI Pointe Group and its wholly owned subsidiary TRI Pointe Homes, Inc. (“TRI Pointe Homes”) are co-issuers of the 4.375% Senior Notes due 2019 (the “2019 Notes”) and the 5.875% Senior Notes due 2024 (the “2024 Notes”). The 2019 Notes were issued at 98.89% of their aggregate principal amount and the 2024 Notes were issued at 98.15% of their aggregate principal amount. The net proceeds from the offering of the 2019 Notes and the 2024 Notes were $861.3 million , after debt issuance costs and discounts. The 2019 Notes and 2024 Notes mature on June 15, 2019 and June 15, 2024 , respectively. Interest is payable semiannually in arrears on June 15 and December 15. During the three months ended March 31, 2019, we repurchased and cancelled an aggregate principal amount of $10,000 of the 2019 Notes. During the year ended December 31, 2018, we repurchased and cancelled an aggregate principal amount of $68.1 million of the 2019 Notes. As of March 31, 2019 , there was $13.4 million of capitalized debt financing costs, included in senior notes, net on our consolidated balance sheet, related to the Senior Notes that will amortize over the lives of the Senior Notes. Accrued interest related to the Senior Notes was $23.3 million and $11.5 million as of March 31, 2019 and December 31, 2018 , respectively. Loans Payable On March 29, 2019, the Company entered into a Second Amended and Restated Credit Agreement (the “Credit Agreement”), which amended and restated the Company’s Amended and Restated Credit Agreement, dated as of July 7, 2015. The Credit Facility (as defined below), which matures on March 29, 2023, consists of a $600 million revolving credit facility (the “Revolving Facility”) and a $250 million term loan facility (the “Term Facility” and together with the Revolving Facility, the “Credit Facility”). The Term Facility includes a 90 day delayed draw provision. The Company plans to draw $250 million from the Term Facility in June of 2019 in connection with the maturity of the 2019 Notes. The Company may increase the Credit Facility to not more than $1 billion in the aggregate, at its request, upon satisfaction of specified conditions. The Revolving Facility contains a sublimit of $75 million for letters of credit. The Company may borrow under the Revolving Facility in the ordinary course of business to fund its operations, including its land acquisition, land development and homebuilding activities. Borrowings under the Revolving Facility will be governed by, among other things, a borrowing base. Interest rates on borrowings under the Revolving Facility will be based on either a daily Eurocurrency base rate or a Eurocurrency rate, in either case, plus a spread ranging from 1.25% to 2.00% , depending on the Company’s leverage ratio. Interest rates on borrowings under the Term Facility will be based on either a daily Eurocurrency base rate or a Eurocurrency rate, in either case, plus a spread ranging from 1.10% to 1.85% , depending on the Company’s leverage ratio. As of March 31, 2019 , we had no outstanding debt under the Credit Facility and $818.8 million of availability after considering the borrowing base provisions and outstanding letters of credit. As of March 31, 2019 , there was $5.3 million of capitalized debt financing costs, included in other assets on our consolidated balance sheet, related to the Credit Facility that will amortize over the remaining term of the Credit Facility. Accrued interest, including loan commitment fees, related to the Credit Facility was $432,000 and $402,000 as of March 31, 2019 and December 31, 2018 , respectively. At March 31, 2019 and December 31, 2018 , we had outstanding letters of credit of $31.2 million and $31.8 million , respectively. These letters of credit were issued to secure various financial obligations. We believe it is not probable that any outstanding letters of credit will be drawn upon. Interest Incurred During the three months ended March 31, 2019 and 2018 , the Company incurred interest of $23.4 million and $21.5 million , respectively, related to all debt during the period. Included in interest incurred was amortization of deferred financing and Senior Note discount costs of $1.9 million and $2.0 million for the three months ended March 31, 2019 and 2018 , respectively. Accrued interest related to all outstanding debt at March 31, 2019 and December 31, 2018 was $24.3 million and $12.6 million , respectively. Covenant Requirements The Senior Notes contain covenants that restrict our ability to, among other things, create liens or other encumbrances, enter into sale and leaseback transactions, or merge or sell all or substantially all of our assets. These limitations are subject to a number of qualifications and exceptions. Under the Credit Facility, the Company is required to comply with certain financial covenants, including those relating to consolidated tangible net worth, leverage, liquidity or interest coverage, and a spec unit inventory test. The Credit Facility also requires that at least 97.0% of consolidated tangible net worth must be attributable to the Company and its guarantor subsidiaries, subject to certain grace periods. The Company was in compliance with all applicable financial covenants as of March 31, 2019 and December 31, 2018 .

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures Fair Value Measurements ASC Topic 820, Fair Value Measurements and Disclosures , defines “fair value” as the price that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at measurement date and requires assets and liabilities carried at fair value to be classified and disclosed in the following three categories: • Level 1—Quoted prices for identical instruments in active markets • Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are inactive; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets at measurement date • Level 3—Valuations derived from techniques where one or more significant inputs or significant value drivers are unobservable in active markets at measurement date Fair Value of Financial Instruments A summary of assets and liabilities at March 31, 2019 and December 31, 2018 , related to our financial instruments, measured at fair value on a recurring basis, is set forth below (in thousands): March 31, 2019 December 31, 2018 Hierarchy Book Value Fair Value Book Value Fair Value Senior Notes (1) Level 2 $ 1,425,892 $ 1,395,794 $ 1,425,397 $ 1,308,826 __________ (1) The book value of the Senior Notes is net of discounts, excluding deferred loan costs of $13.4 million and $14.6 million as of March 31, 2019 and December 31, 2018 , respectively. The estimated fair value of the Senior Notes at March 31, 2019 and December 31, 2018 is based on quoted market prices. At March 31, 2019 and December 31, 2018 , the carrying value of cash and cash equivalents and receivables approximated fair value due to their short-term nature and variable interest rate terms. Fair Value of Nonfinancial Assets Nonfinancial assets include items such as real estate inventories and long-lived assets that are measured at fair value on a nonrecurring basis when events and circumstances indicating the carrying value is not recoverable. No carrying values were adjusted to fair value for the three months ended March 31, 2019 or the year ended December 31, 2018.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Matters Lawsuits, claims and proceedings have been and may be instituted or asserted against us in the normal course of business, including actions brought on behalf of various classes of claimants. We are also subject to local, state and federal laws and regulations related to land development activities, house construction standards, sales practices, employment practices, environmental protection and financial services. As a result, we are subject to periodic examinations or inquiry by agencies administering these laws and regulations. We record a reserve for potential legal claims and regulatory matters when they are probable of occurring and a potential loss is reasonably estimable. We accrue for these matters based on facts and circumstances specific to each matter and revise these estimates when necessary. In view of the inherent difficulty of predicting outcomes of legal claims and related contingencies, we generally cannot predict their ultimate resolution, related timing or eventual loss. Accordingly, it is possible that the ultimate outcome of any matter, if in excess of a related accrual or if no accrual was made, could be material to our financial statements. For matters as to which the Company believes a loss is probable and reasonably estimable, we had no legal reserve as of March 31, 2019 . As of December 31, 2018 , we had a $17.5 million legal reserve related to a settlement in connection with a previously disclosed lawsuit involving a land sale that occurred in 1987. This settlement was paid on February 4, 2019. Warranty Warranty reserves are accrued as home deliveries occur. Our warranty reserves on homes delivered will vary based on product type and geographic area and also depending on state and local laws. The warranty reserve is included in accrued expenses and other liabilities on our consolidated balance sheets and represents expected future costs based on our historical experience over previous years. Estimated warranty costs are charged to cost of home sales in the period in which the related home sales revenue is recognized. We maintain general liability insurance designed to protect us against a portion of our risk of loss from warranty and construction defect-related claims. We also generally require our subcontractors and design professionals to indemnify us for liabilities arising from their work, subject to various limitations. However, such indemnity is significantly limited with respect to certain subcontractors that are added to our general liability insurance policy. Our warranty reserve and related estimated insurance recoveries are based on actuarial analysis that uses our historical claim and expense data, as well as industry data to estimate these overall costs and related recoveries. Key assumptions used in developing these estimates include claim frequencies, severities and resolution patterns, which can occur over an extended period of time. These estimates are subject to variability due to the length of time between the delivery of a home to a homebuyer and when a warranty or construction defect claim is made, and the ultimate resolution of such claim; uncertainties regarding such claims relative to our markets and the types of product we build; and legal or regulatory actions and/or interpretations, among other factors. Due to the degree of judgment involved and the potential for variability in these underlying assumptions, our actual future costs could differ from those estimated. There can be no assurance that the terms and limitations of the limited warranty will be effective against claims made by homebuyers, that we will be able to renew our insurance coverage or renew it at reasonable rates, that we will not be liable for damages, cost of repairs, and/or the expense of litigation surrounding possible construction defects, soil subsidence or building related claims or that claims will not arise out of uninsurable events or circumstances not covered by insurance and not subject to effective indemnification agreements with certain subcontractors. We also record expected recoveries from insurance carriers based on actual insurance claims made and actuarially determined amounts that depend on various factors, including the above-described reserve estimates, our insurance policy coverage limits for the applicable policy years and historical recovery rates. Because of the inherent uncertainty and variability in these assumptions, our actual insurance recoveries could differ significantly from amounts currently estimated. Outstanding warranty insurance receivables were $37.5 million and $37.6 million as of March 31, 2019 and December 31, 2018 , respectively. Warranty insurance receivables are recorded in receivables on the accompanying consolidated balance sheets. Warranty reserve activity consisted of the following (in thousands): Three Months Ended March 31, 2019 2018 Warranty reserves, beginning of period $ 71,836 $ 69,373 Warranty reserves accrued 4,270 4,746 Warranty expenditures (5,159 ) (3,637 ) Warranty reserves, end of period $ 70,947 $ 70,482 Performance Bonds We obtain surety bonds in the normal course of business to ensure completion of certain infrastructure improvements of our projects. The beneficiaries of the bonds are various municipalities. As of March 31, 2019 and December 31, 2018 , the Company had outstanding surety bonds totaling $653.9 million and $685.7 million , respectively. As of March 31, 2019 and December 31, 2018 , our estimated cost to complete obligations related to these surety bonds was $415.2 million and $423.4 million , respectively. Lease Obligations Under ASC 842 we recognize a right-of-use lease asset and a lease liability for contracts deemed to contain a lease at the inception of the contract. Our lease population is fully comprised of operating leases, which are now recorded at the net present value of future lease obligations existing at each balance sheet date. At the inception of a lease, or if a lease is subsequently modified, we determine whether the lease is an operating or financing lease. Key estimates involved with ASC 842 include the discount rate used to measure our future lease obligations and the lease term, where considerations include renewal options and intent to renew. Lease right-of-use assets are included in other assets and lease liabilities are included in accrued expenses and other liabilities on our consolidated balance sheet. Operating Leases We lease certain property and equipment under non-cancelable operating leases. Office leases are for terms of up to ten years and generally provide renewal options. In most cases, we expect that, in the normal course of business, leases that expire will be renewed or replaced by other leases. Equipment leases are typically for terms of three to four years. Ground Leases In 1987, we obtained two 55 -year ground leases of commercial property that provided for three renewal options of ten years each and one 45 -year renewal option. We exercised the three ten year extensions on one of these ground leases extending the lease through 2071. The commercial buildings on these properties have been sold and the ground leases have been sublet to the buyers. For one of these leases, we are responsible for making lease payments to the land owner, and we collect sublease payments from the buyers of the buildings. This ground lease has been subleased through 2041 to the buyers of the commercial buildings. For the second lease, the buyers of the buildings are responsible for making lease payments directly to the land owner, however, we have guaranteed the performance of the buyers/lessees. See below for additional information on leases (dollars in thousands): Three Months Ended March 31, 2019 Lease cost Operating lease cost (included in SG&A expense) $ 2,044 Ground lease cost (included in other operations expense) 590 Sublease income, ground leases (included in other operations revenue) (598 ) Net lease cost $ 2,036 Other information Cash paid for amounts included in the measurement of lease liabilities: Operating lease cash flows (included in operating cash flows) $ 1,609 Ground lease cash flows (included in operating cash flows) $ 608 Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,707 March 31, 2019 Weighted-average discount rate: Operating leases 6.0 % Ground leases 10.2 % Weighted-average remaining lease term (in years): Operating leases 6.3 Ground leases 49.2 The future minimum lease payments under our operating leases are as follows (in thousands): Property, Equipment and Other Leases Ground Leases (1) Remaining in 2019 $ 6,347 $ 2,238 2020 8,322 2,984 2021 7,048 2,984 2022 5,453 2,984 2023 4,349 2,984 Thereafter 8,799 84,266 $ 40,318 $ 98,440 (1) Ground leases are fully subleased through 2041, representing $67.4 million of the $98.4 million future ground lease obligations.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation 2013 Long-Term Incentive Plan The Company’s stock compensation plan, the 2013 Long-Term Incentive Plan (the “2013 Incentive Plan”), was adopted by TRI Pointe in January 2013 and amended, with the approval of our stockholders, in 2014 and 2015. In addition, our board of directors amended the 2013 Incentive Plan in 2014 to prohibit repricing (other than in connection with any equity restructuring or any change in capitalization) of outstanding options or stock appreciation rights without stockholder approval. The 2013 Incentive Plan provides for the grant of equity-based awards, including options to purchase shares of common stock, stock appreciation rights, bonus stock, restricted stock, restricted stock units (“RSUs”) and performance awards. The 2013 Incentive Plan will automatically expire on the tenth anniversary of its effective date. Our board of directors may terminate or amend the 2013 Incentive Plan at any time, subject to any requirement of stockholder approval required by applicable law, rule or regulation. As amended, the number of shares of our common stock that may be issued under the 2013 Incentive Plan is 11,727,833 shares. To the extent that shares of our common stock subject to an outstanding option, stock appreciation right, stock award or performance award granted under the 2013 Incentive Plan are not issued or delivered by reason of the expiration, termination, cancellation or forfeiture of such award or the settlement of such award in cash, then such shares of our common stock generally shall again be available under the 2013 Incentive Plan. As of March 31, 2019 , there were 5,886,605 shares available for future grant under the 2013 Incentive Plan. The following table presents compensation expense recognized related to all stock-based awards (in thousands): Three Months Ended March 31, 2019 2018 Total stock-based compensation $ 3,435 $ 3,470 Stock-based compensation is charged to general and administrative expense on the accompanying consolidated statements of operations. As of March 31, 2019 , total unrecognized stock-based compensation related to all stock-based awards was $29.6 million and the weighted average term over which the expense was expected to be recognized was 2.3 years . Summary of Stock Option Activity The following table presents a summary of stock option awards for the three months ended March 31, 2019 : Options Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Life Aggregate Intrinsic Value (in thousands) Options outstanding at December 31, 2018 953,905 $ 14.58 4.2 $ 296 Granted — — — — Exercised (32,486 ) $ 6.50 — — Forfeited — $ — — — Options outstanding at March 31, 2019 921,419 $ 14.87 4.1 $ 350 Options exercisable at March 31, 2019 921,419 $ 14.87 4.1 $ 350 The intrinsic value of each stock option award outstanding or exercisable is the difference between the fair market value of the Company’s common stock at the end of the period and the exercise price of each stock option award to the extent it is considered “in-the-money”. A stock option award is considered to be “in-the-money” if the fair market value of the Company’s stock is greater than the exercise price of the stock option award. The aggregate intrinsic value of options outstanding and options exercisable represents the value that would have been received by the holders of stock option awards had they exercised their stock option award on the last trading day of the period and sold the underlying shares at the closing price on that day. Summary of Restricted Stock Unit Activity The following table presents a summary of RSUs for the three months ended March 31, 2019 : Restricted Stock Units Weighted Average Grant Date Fair Value Per Share Aggregate Intrinsic Value (in thousands) Nonvested RSUs at December 31, 2018 3,341,848 $ 11.05 $ 36,526 Granted 1,593,747 $ 12.10 — Vested (795,528 ) $ 12.70 — Forfeited (745,756 ) $ 5.20 — Nonvested RSUs at March 31, 2019 3,394,311 $ 12.45 $ 42,904 On March 11, 2019 and February 28, 2019, the Company granted an aggregate of 3,025 and 990,723 , respectively, of time-vested RSUs to certain employees and officers. The RSUs granted vest in equal installments annually on the anniversary of the grant date over a three -year period. The fair value of each RSU granted on March 11, 2019 and February 28, 2019 was measured using a price of $13.22 and $12.60 per share, respectively, which was the closing stock price on the date of grant. Each award will be expensed on a straight-line basis over the vesting period. On February 28, 2019, the Company granted 247,619 , 238,095 and 114,285 performance-based RSUs to the Company’s Chief Executive Officer, President, and Chief Financial Officer, respectively. These performance-based RSUs are allocated to two separate performance metrics, as follows: (i) thirty percent to total stockholder return (“TSR”), with vesting based on the Company’s TSR relative to its peer-group homebuilders; and (ii) seventy percent to earnings per share. The vesting, if at all, of these performance-based RSUs may range from 0% to 100% and will be based on the Company’s percentage attainment of specified threshold, target and maximum performance goals. The performance period for these performance-based RSUs is January 1, 2019 to December 31, 2021. The fair value of the performance-based RSUs related to the TSR metric was determined to be $8.16 per share based on a Monte Carlo simulation. The fair value of the performance-based RSUs related to the earnings per share goal was measured using a price of $12.60 per share, which was the closing stock price on the date of grant. Each award will be expensed over the requisite service period. RSUs that vested, as reflected in the table above, during the three months ended March 31, 2019 included time-based RSUs that were previously granted. RSUs that were forfeited, as reflected in the table above, during the three months ended March 31, 2019 included performance-based RSUs and time-based RSUs that were forfeited for no consideration. On April 30, 2018, the Company granted an aggregate of 40,910 RSUs to the non-employee members of its board of directors. On July 23, 2018, the Company granted 6,677 RSUs to a non-employee member of its board of directors in connection with such individual's appointment to the board of directors. These RSUs vest in their entirety on the day immediately prior to the Company's 2019 Annual Meeting of Stockholders. The fair value of each RSU granted on April 30, 2018 and July 23, 2018 was measured using a price of $17.11 and $16.37 per share, respectively, which was the closing stock price on the date of grant. Each award will be expensed on a straight-line basis over the vesting period. On May 7, 2018 and February 22, 2018, the Company granted an aggregate of 4,258 and 633,107 , respectively, of time-vested RSUs to certain employees and officers. The RSUs granted vest in equal installments annually on the anniversary of the grant date over a three -year period. The fair value of each RSU granted on May 7, 2018 and February 22, 2018 was measured using a price of $17.61 and $16.94 per share, respectively, which was the closing stock price on the date of grant. Each award will be expensed on a straight-line basis over the vesting period. On February 22, 2018, the Company granted 184,179 , 177,095 , and 85,005 performance-based RSUs to the Company’s Chief Executive Officer, President, and Chief Financial Officer, respectively. These performance-based RSUs are allocated in equal parts to two separate performance metrics: (i) TSR, with vesting based on the Company’s TSR relative to its peer-group homebuilders; and (ii) earnings per share. The vesting, if at all, of these performance-based RSUs may range from 0% to 100% and will be based on the Company’s percentage attainment of specified threshold, target and maximum performance goals. The performance period for these performance-based RSUs is January 1, 2018 to December 31, 2020. The fair value of the performance-based RSUs related to the TSR metric was determined to be $10.97 per share based on a Monte Carlo simulation. The fair value of the performance-based RSUs related to the earnings per share goal was measured using a price of $16.94 per share, which was the closing stock price on the date of grant. Each award will be expensed over the requisite service period. As RSUs vest for employees, a portion of the shares awarded is generally withheld to cover employee tax withholdings. As a result, the number of RSUs vested and the number of shares of TRI Pointe common stock issued will differ.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We account for income taxes in accordance with ASC Topic 740, Income Taxes (“ASC 740”), which requires an asset and liability approach for measuring deferred taxes based on temporary differences between the financial statements and tax bases of assets and liabilities using enacted tax rates for the years in which taxes are expected to be paid or recovered. Each quarter we assess our deferred tax asset to determine whether all or any portion of the asset is more likely than not unrealizable under ASC 740. We are required to establish a valuation allowance for any portion of the asset we conclude is more likely than not to be unrealizable. Our assessment considers, among other things, the nature, frequency and severity of our current and cumulative losses, forecasts of our future taxable income, the duration of statutory carryforward periods and tax planning alternatives. We had net deferred tax assets of $67.8 million as of both March 31, 2019 and December 31, 2018 . We had a valuation allowance related to those net deferred tax assets of $3.4 million as of both March 31, 2019 and December 31, 2018 . The Company will continue to evaluate both positive and negative evidence in determining the need for a valuation allowance against its deferred tax assets. Changes in positive and negative evidence, including differences between the Company’s future operating results and the estimates utilized in the determination of the valuation allowance, could result in changes in the Company’s estimate of the valuation allowance against its deferred tax assets. The accounting for deferred taxes is based upon estimates of future results. Differences between the anticipated and actual outcomes of these future results could have a material impact on the Company’s consolidated results of operations or financial position. Also, changes in existing federal and state tax laws and tax rates could affect future tax results and the valuation allowance against the Company’s deferred tax assets. TRI Pointe has certain liabilities to Weyerhaeuser Company (“Weyerhaeuser”) related to a tax sharing agreement. As of March 31, 2019 and December 31, 2018 , we had an income tax liability to Weyerhaeuser of $577,000 and $6.6 million , respectively. The income tax liability to Weyerhaeuser is recorded in accrued expenses and other liabilities on the accompanying consolidated balance sheets. During the three months ended March 31, 2019, we amended our existing tax sharing agreement with Weyerhaeuser, pursuant to which the parties agreed, among other things, that we had no further obligation to remit payment to Weyerhaeuser in connection with any potential utilization of certain deductions or losses associated with certain Weyerhaeuser entities with respect to federal and state taxes. As a result of the amendment, during the three months ended March 31, 2019, we decreased our income tax liability to Weyerhaeuser and recorded other income of $6.0 million , which is included in other income, net in the accompanying consolidated statements of operations. Our provision for income taxes totaled $24,000 and $14.7 million for the three months ended March 31, 2019 and 2018 , respectively. The Company classifies any interest and penalties related to income taxes assessed by jurisdiction as part of income tax expense. The Company had $1.0 million of uncertain tax positions recorded as of both March 31, 2019 and December 31, 2018 . The Company has not been assessed interest or penalties by any major tax jurisdictions related to prior years.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions We had no related party transactions for the three months ended March 31, 2019 and 2018.

Supplemental Disclosure to Cons

Supplemental Disclosure to Consolidated Statements of Cash Flows	3 Months Ended
	Mar. 31, 2019
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosure to Consolidated Statements of Cash Flow	Supplemental Disclosure to Consolidated Statements of Cash Flows The following are supplemental disclosures to the consolidated statements of cash flows (in thousands): Three Months Ended March 31, 2019 2018 Supplemental disclosure of cash flow information: Interest paid (capitalized), net $ (13,697 ) $ (13,858 ) Income taxes paid (refunded), net $ (2,538 ) $ 30 Supplemental disclosures of noncash activities: Amortization of senior note discount capitalized to real estate inventory $ 505 $ 531 Amortization of deferred loan costs capitalized to real estate inventory $ 1,415 $ 1,492 Increase in other assets related to adoption of ASC 606 $ — $ 39,534

Supplemental Guarantor Informat

Supplemental Guarantor Information	3 Months Ended
	Mar. 31, 2019
Condensed Financial Information Disclosure [Abstract]
Supplemental Guarantor Information	Supplemental Guarantor Information 2021 Notes and 2027 Notes On May 26, 2016, TRI Pointe Group issued the 2021 Notes. On June 5, 2017, TRI Pointe Group issued the 2027 Notes. All of TRI Pointe Group’s 100% owned subsidiaries that are guarantors (each a “Guarantor” and, collectively, the “Guarantors”) of the Credit Facility, including TRI Pointe Homes, are party to supplemental indentures pursuant to which they jointly and severally guarantee TRI Pointe Group’s obligations with respect to the 2021 Notes and the 2027 Notes. Each Guarantor of the 2021 Notes and the 2027 Notes is 100% owned by TRI Pointe Group, and all guarantees are full and unconditional, subject to customary exceptions pursuant to the indentures governing the 2021 Notes and the 2027 Notes, as described in the following paragraph. All of our non-Guarantor subsidiaries have nominal assets and operations and are considered minor, as defined in Rule 3-10(h) of Regulation S-X. In addition, TRI Pointe Group has no independent assets or operations, as defined in Rule 3-10(h) of Regulation S-X. There are no significant restrictions upon the ability of TRI Pointe Group or any Guarantor to obtain funds from any of their respective wholly owned subsidiaries by dividend or loan. None of the assets of our subsidiaries represent restricted net assets pursuant to Rule 4-08(e)(3) of Regulation S-X. A Guarantor of the 2021 Notes and the 2027 Notes shall be released from all of its obligations under its guarantee if (i) all of the assets of the Guarantor have been sold; (ii) all of the equity interests of the Guarantor held by TRI Pointe Group or a subsidiary thereof have been sold; (iii) the Guarantor merges with and into TRI Pointe Group or another Guarantor, with TRI Pointe Group or such other Guarantor surviving the merger; (iv) the Guarantor is designated “unrestricted” for covenant purposes; (v) the Guarantor ceases to guarantee any indebtedness of TRI Pointe Group or any other Guarantor which gave rise to such Guarantor guaranteeing the 2021 Notes or the 2027 Notes; (vi) TRI Pointe Group exercises its legal defeasance or covenant defeasance options; or (vii) all obligations under the applicable supplemental indenture are discharged. 2019 Notes and 2024 Notes TRI Pointe Group and TRI Pointe Homes are co-issuers of the 2019 Notes and the 2024 Notes. All of the Guarantors (other than TRI Pointe Homes) have entered into supplemental indentures pursuant to which they jointly and severally guarantee the obligations of TRI Pointe Group and TRI Pointe Homes with respect to the 2019 Notes and the 2024 Notes. Each Guarantor of the 2019 Notes and the 2024 Notes is 100% owned by TRI Pointe Group and TRI Pointe Homes, and all guarantees are full and unconditional, subject to customary exceptions pursuant to the indentures governing the 2019 Notes and the 2024 Notes, as described below. A Guarantor of the 2019 Notes and the 2024 Notes shall be released from all of its obligations under its guarantee if (i) all of the assets of the Guarantor have been sold; (ii) all of the equity interests of the Guarantor held by TRI Pointe or a subsidiary thereof have been sold; (iii) the Guarantor merges with and into TRI Pointe or another Guarantor, with TRI Pointe or such other Guarantor surviving the merger; (iv) the Guarantor is designated “unrestricted” for covenant purposes; (v) the Guarantor ceases to guarantee any indebtedness of TRI Pointe or any other Guarantor which gave rise to such Guarantor guaranteeing the 2019 Notes and 2024 Notes; (vi) TRI Pointe exercises its legal defeasance or covenant defeasance options; or (vii) all obligations under the applicable indenture are discharged. Presented below are the condensed consolidating balance sheets at March 31, 2019 and December 31, 2018 , condensed consolidating statements of operations for the three months ended March 31, 2019 and 2018 and condensed consolidating statement of cash flows for the three months ended March 31, 2019 and 2018 . Because TRI Pointe’s non-Guarantor subsidiaries are considered minor, as defined in Rule 3-10(h) of Regulation S-X, the non-Guarantor subsidiaries’ information is not separately presented in the tables below, but is included with the Guarantors. Additionally, because TRI Pointe Group has no independent assets or operations, as defined in Rule 3-10(h) of Regulation S-X, the condensed consolidated financial information of TRI Pointe Group and TRI Pointe Homes, the co-issuers of the 2019 Notes and 2024 Notes, is presented together in the column titled “Issuer”. Condensed Consolidating Balance Sheet (in thousands): March 31, 2019 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Assets Cash and cash equivalents $ 55,854 $ 92,928 $ — $ 148,782 Receivables 20,616 37,618 — 58,234 Intercompany receivables 858,286 — (858,286 ) — Real estate inventories 780,568 2,462,110 — 3,242,678 Investments in unconsolidated entities — 4,191 — 4,191 Goodwill and other intangible assets, net 156,603 3,690 — 160,293 Investments in subsidiaries 1,668,464 — (1,668,464 ) — Deferred tax assets, net 14,822 52,939 — 67,761 Other assets 20,894 153,062 — 173,956 Total assets $ 3,576,107 $ 2,806,538 $ (2,526,750 ) $ 3,855,895 Liabilities Accounts payable $ 11,973 $ 54,632 $ — $ 66,605 Intercompany payables — 858,286 (858,286 ) — Accrued expenses and other liabilities 94,648 225,143 — 319,791 Senior notes 1,412,463 — — 1,412,463 Total liabilities 1,519,084 1,138,061 (858,286 ) 1,798,859 Equity Total stockholders’ equity 2,057,023 1,668,464 (1,668,464 ) 2,057,023 Noncontrolling interests — 13 — 13 Total equity 2,057,023 1,668,477 (1,668,464 ) 2,057,036 Total liabilities and equity $ 3,576,107 $ 2,806,538 $ (2,526,750 ) $ 3,855,895 Condensed Consolidating Balance Sheet (in thousands): December 31, 2018 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Assets Cash and cash equivalents $ 148,129 $ 129,567 $ — $ 277,696 Receivables 16,589 35,003 — 51,592 Intercompany receivables 758,501 — (758,501 ) — Real estate inventories 812,799 2,403,260 — 3,216,059 Investments in unconsolidated entities — 5,410 — 5,410 Goodwill and other intangible assets, net 156,604 3,823 — 160,427 Investments in subsidiaries 1,672,635 — (1,672,635 ) — Deferred tax assets, net 14,822 52,946 — 67,768 Other assets 12,984 92,267 — 105,251 Total assets $ 3,593,063 $ 2,722,276 $ (2,431,136 ) $ 3,884,203 Liabilities Accounts payable $ 13,433 $ 67,880 $ — $ 81,313 Intercompany payables — 758,501 (758,501 ) — Accrued expenses and other liabilities 111,902 223,247 — 335,149 Senior notes 1,410,804 — — 1,410,804 Total liabilities 1,536,139 1,049,628 (758,501 ) 1,827,266 Equity Total stockholders’ equity 2,056,924 1,672,635 (1,672,635 ) 2,056,924 Noncontrolling interests — 13 — 13 Total equity 2,056,924 1,672,648 (1,672,635 ) 2,056,937 Total liabilities and equity $ 3,593,063 $ 2,722,276 $ (2,431,136 ) $ 3,884,203 Condensed Consolidating Statement of Operations (in thousands): Three Months Ended March 31, 2019 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Homebuilding: Home sales revenue $ 171,791 $ 320,912 $ — $ 492,703 Land and lot sales revenue — 1,029 — 1,029 Other operations revenue — 598 — 598 Total revenues 171,791 322,539 — 494,330 Cost of home sales 145,075 276,461 — 421,536 Cost of land and lot sales — 1,495 — 1,495 Other operations expense — 590 — 590 Sales and marketing 9,299 29,690 — 38,989 General and administrative 19,479 19,118 — 38,597 Homebuilding loss from operations (2,062 ) (4,815 ) — (6,877 ) Equity in loss of unconsolidated entities — (25 ) — (25 ) Other income, net 6,140 101 — 6,241 Homebuilding income (loss) before income taxes 4,078 (4,739 ) — (661 ) Financial Services: Revenues — 302 — 302 Expenses — 321 — 321 Equity in income of unconsolidated entities — 775 — 775 Financial services income before income taxes — 756 — 756 Income (loss) before income taxes 4,078 (3,983 ) — 95 Equity of net (loss) of subsidiaries (4,007 ) — 4,007 — Provision for income taxes — (24 ) — (24 ) Net income (loss) $ 71 $ (4,007 ) $ 4,007 $ 71 Condensed Consolidating Statement of Operations (in thousands): Three Months Ended March 31, 2018 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Homebuilding: Home sales revenue $ 190,420 $ 392,152 $ — $ 582,572 Land and lot sales revenue — 223 — 223 Other operations revenue — 598 — 598 Total revenues 190,420 392,973 — 583,393 Cost of home sales 159,055 291,447 — 450,502 Cost of land and lot sales — 503 — 503 Other operations expense — 602 — 602 Sales and marketing 10,517 27,766 — 38,283 General and administrative 18,159 18,655 — 36,814 Homebuilding income from operations 2,689 54,000 — 56,689 Equity in loss of unconsolidated entities — (468 ) — (468 ) Other income, net 139 32 — 171 Homebuilding income before income taxes 2,828 53,564 — 56,392 Financial Services: Revenues — 283 — 283 Expenses — 137 — 137 Equity in income of unconsolidated entities — 1,002 — 1,002 Financial services income before income taxes — 1,148 — 1,148 Income before income taxes 2,828 54,712 — 57,540 Equity of net income of subsidiaries 40,052 — (40,052 ) — Provision for income taxes — (14,660 ) — (14,660 ) Net income $ 42,880 $ 40,052 $ (40,052 ) $ 42,880 Condensed Consolidating Statement of Cash Flows (in thousands): Three Months Ended March 31, 2019 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Cash flows from operating activities: Net cash provided by (used in) operating activities $ 15,054 $ (129,979 ) $ — $ (114,925 ) Cash flows from investing activities: Purchases of property and equipment (2,065 ) (5,159 ) — (7,224 ) Proceeds from sale of property and equipment — 7 — 7 Investments in unconsolidated entities — (231 ) — (231 ) Intercompany (98,723 ) — 98,723 — Net cash (used in) provided by investing activities (100,788 ) (5,383 ) 98,723 (7,448 ) Cash flows from financing activities: Repayment of debt (10 ) — — (10 ) Debt issuance costs (3,124 ) — — (3,124 ) Proceeds from issuance of common stock under share-based awards 198 — — 198 Minimum tax withholding paid on behalf of employees for restricted stock units (3,605 ) — — (3,605 ) Intercompany — 98,723 (98,723 ) — Net cash (used in) provided by financing activities (6,541 ) 98,723 (98,723 ) (6,541 ) Net decrease in cash and cash equivalents (92,275 ) (36,639 ) — (128,914 ) Cash and cash equivalents–beginning of period 148,129 129,567 — 277,696 Cash and cash equivalents–end of period $ 55,854 $ 92,928 $ — $ 148,782 Condensed Consolidating Statement of Cash Flows (in thousands): Three Months Ended March 31, 2018 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Cash flows from operating activities: Net cash provided by (used in) operating activities $ 52,793 $ (2,907 ) $ — $ 49,886 Cash flows from investing activities: Purchases of property and equipment (419 ) (1,751 ) — (2,170 ) Proceeds from sale of property and equipment — — — — Investments in unconsolidated entities — (947 ) — (947 ) Intercompany (18,449 ) — 18,449 — Net cash used in investing activities (18,868 ) (2,698 ) 18,449 (3,117 ) Cash flows from financing activities: Distributions to noncontrolling interests — (1 ) — (1 ) Proceeds from issuance of common stock under share-based awards 975 — — 975 Minimum tax withholding paid on behalf of employees for restricted stock units (6,049 ) — — (6,049 ) Intercompany — 18,449 (18,449 ) — Net cash (used in) provided by financing activities (5,074 ) 18,448 (18,449 ) (5,075 ) Net increase in cash and cash equivalents 28,851 12,843 — 41,694 Cash and cash equivalents–beginning of period 176,684 106,230 — 282,914 Cash and cash equivalents–end of period $ 205,535 $ 119,073 $ — $ 324,608

Organization, Basis of Presen_2

Organization, Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Organization and Basis of Presentation	Organization TRI Pointe is engaged in the design, construction and sale of innovative single-family attached and detached homes through its portfolio of six quality brands across ten states, including Maracay in Arizona, Pardee Homes in California and Nevada, Quadrant Homes in Washington, Trendmaker Homes in Texas, TRI Pointe Homes in California, Colorado and the Carolinas and Winchester Homes in Maryland and Virginia. Basis of Presentation The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”), for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. They should be read in conjunction with our consolidated financial statements and footnotes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2018 . In the opinion of management, all adjustments consisting of normal recurring adjustments, necessary for a fair presentation with respect to interim financial statements, have been included. The results for the three months ended March 31, 2019 are not necessarily indicative of the results to be expected for the full year ending December 31, 2019 due to seasonal variations and other factors. The consolidated financial statements include the accounts of TRI Pointe Group and its wholly owned subsidiaries, as well as other entities in which TRI Pointe Group has a controlling interest and variable interest entities (“VIEs”) in which TRI Pointe Group is the primary beneficiary. The noncontrolling interests as of March 31, 2019 and December 31, 2018 represent the outside owners’ interests in the Company’s consolidated entities. All significant intercompany accounts have been eliminated upon consolidation.
Use of Estimates	Use of Estimates Our financial statements have been prepared in accordance with GAAP. The preparation of these financial statements requires our management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from our estimates.
Revenue Recognition	Revenue Recognition We recognize revenue in accordance with Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Codified as “ASC 606”). Under ASC 606, we apply the following steps to determine the timing and amount of revenue to recognize: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies a performance obligation. Home sales revenue We generate the majority of our total revenues from home sales, which consists of our core business operation of building and delivering completed homes to homebuyers. Home sales revenue and related profit is generally recognized when title to and possession of the home is transferred to the homebuyer at the home closing date. Our performance obligation to deliver the agreed-upon home is generally satisfied in less than one year from the original contract date. Included in home sales revenue are forfeited deposits, which occur when homebuyers cancel home purchase contracts that include a nonrefundable deposit. Both revenue from forfeited deposits and deferred revenue resulting from uncompleted performance obligations existing at the time we deliver new homes to our homebuyers are immaterial. Land and lot sales revenue Historically, we have generated land and lot sales revenue from a small number of transactions, although in some years we have realized a significant amount of revenue and gross margin. We do not expect our future land and lot sales revenue to be material, but we still consider these sales to be an ordinary part of our business, thus meeting the definition of contracts with customers. Similar to our home sales, revenue from land and lot sales is typically fully recognized when the land and lot sales transactions are consummated, at which time no further performance obligations are left to be satisfied. Some of our historical land and lot sales have included future profit participation rights. We will recognize future land and lot sales revenue in the periods in which all closing conditions are met, subject to the constraint on variable consideration related to profit participation rights, if such rights exist in the sales contract. Other operations revenue The majority of our other homebuilding operations revenue relates to a ground lease at our Quadrant Homes reporting segment. We are responsible for making lease payments to the land owner, and we collect sublease payments from the buyers of the buildings. This ground lease is accounted for in accordance with ASC Topic 842, Leases . We do not recognize a material profit on this ground lease. Financial services revenues TRI Pointe Solutions is a reportable segment and is comprised of our TRI Pointe Connect mortgage financing operations, TRI Pointe Assurance title services operations, and TRI Pointe Advantage property and casualty insurance agency operations. Mortgage financing operations TRI Pointe Connect was formed as a joint venture with an established mortgage lender and is accounted for under the equity method of accounting. We record a percentage of income earned by TRI Pointe Connect based on our ownership percentage in this joint venture. TRI Pointe Connect activity appears as equity in income of unconsolidated entities under the Financial Services section of our consolidated statements of operations. Title services operations TRI Pointe Assurance provides title examinations for our homebuyers in Texas, Maryland and Virginia. TRI Pointe Assurance is a wholly owned subsidiary of TRI Pointe and acts as a title agency for First American Title Insurance Company. At the time of the consummation of the home sales transactions, we recognize a percentage of revenue captured by First American Title Insurance Company. TRI Pointe Assurance revenue is included in the Financial Services section of our consolidated statements of operations. Property and casualty insurance agency operations TRI Pointe Advantage is a wholly owned subsidiary of TRI Pointe and provides property and casualty insurance agency services that help facilitate the closing process in all of the markets in which we operate. The total consideration for these services, including renewal options, is estimated upon the issuance of the initial insurance policy, subject to constraint. TRI Pointe Advantage revenue is included in the Financial Services section of our consolidated statements of operations.
Recently Issued Accounting Standards	Recently Issued Accounting Standards Not Yet Adopted In January 2017, the FASB issued Accounting Standards Update No. 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment (“ASU 2017-04”), which removes the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. ASU 2017-04 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019, with early adoption permitted, and applied prospectively. We do not expect the adoption of ASU 2017-04 to have a material impact on our financial statements. Adoption of New Accounting Standards In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (Codified as “ASC 842”), which requires an entity to recognize a lease right-of-use asset and lease liability on the balance sheet for the rights and obligations created by leases with durations of greater than 12 months. Right-of-use lease assets represent our right to use the underlying asset for the lease term and the lease obligation represents our commitment to make the lease payments arising from the lease. The guidance also requires more disclosures about leases in the notes to financial statements. We adopted ASC 842 on January 1, 2019, using a modified retrospective approach resulting in the recognition of a cumulative effect adjustment to the opening balance sheet of $57.4 million , which included a lease right-of-use asset offset by a lease liability on our consolidated balance sheet. No prior period adjustment was recorded. Additionally, we have elected the transition package of three practical expedients permitted under ASC 842, which among other things, allows us to retain the current operating classification for all of our existing leases prior the effective adoption date. For further details on the adoption of ASC 842, see Note 13, Commitments and Contingencies.
Segment Reporting	We operate two principal businesses: homebuilding and financial services. Our homebuilding operations consist of six homebuilding brands that acquire and develop land and construct and sell single-family detached and attached homes. In accordance with ASC Topic 280, Segment Reporting , in determining the most appropriate reportable segments, we considered similar economic and other characteristics, including product types, average selling prices, gross profits, production processes, suppliers, subcontractors, regulatory environments, land acquisition results, and underlying demand and supply. Based upon these factors, our homebuilding operations are comprised of the following six reportable segments: Maracay, consisting of operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California, Colorado and the Carolinas; and Winchester Homes, consisting of operations in Maryland and Virginia. Our TRI Pointe Solutions financial services operation is a reportable segment and is comprised of our TRI Pointe Connect mortgage financing operations, our TRI Pointe Assurance title services operations, and our TRI Pointe Advantage property and casualty insurance agency operations. For further details, see Note 1, Organization, Basis of Presentation and Summary of Significant Accounting Policies. Corporate is a non-operating segment that develops and implements company-wide strategic initiatives and provides support to our homebuilding reporting segments by centralizing certain administrative functions, such as marketing, legal, accounting, treasury, insurance, internal audit and risk management, information technology and human resources, to benefit from economies of scale. Our Corporate non-operating segment also includes general and administrative expenses related to operating our corporate headquarters. A portion of the expenses incurred by Corporate is allocated to the homebuilding reporting segments. The reportable segments follow the same accounting policies used for our consolidated financial statements, as described in Note 1, Organization, Basis of Presentation and Summary of Significant Accounting Policies . Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented.
Fair Value Measurements	Fair Value Measurements ASC Topic 820, Fair Value Measurements and Disclosures , defines “fair value” as the price that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at measurement date and requires assets and liabilities carried at fair value to be classified and disclosed in the following three categories: • Level 1—Quoted prices for identical instruments in active markets • Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are inactive; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets at measurement date • Level 3—Valuations derived from techniques where one or more significant inputs or significant value drivers are unobservable in active markets at measurement date

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Summary of Financial Information Relating to Reportable Segments	Total revenues and income before income taxes for each of our reportable segments were as follows (in thousands): Three Months Ended March 31, 2019 2018 Revenues Maracay $ 39,561 $ 58,455 Pardee Homes 134,863 180,470 Quadrant Homes 43,871 61,903 Trendmaker Homes 70,821 41,408 TRI Pointe Homes 171,791 190,420 Winchester Homes 33,423 50,737 Total homebuilding revenues 494,330 583,393 Financial services 302 283 Total $ 494,632 $ 583,676 Income (loss) before income taxes Maracay $ 1,190 $ 4,391 Pardee Homes (791 ) 39,191 Quadrant Homes (2,639 ) 8,140 Trendmaker Homes (1,598 ) 370 TRI Pointe Homes 10,209 14,531 Winchester Homes (766 ) 1,607 Corporate (6,266 ) (11,838 ) Total homebuilding (loss) income before income taxes (661 ) 56,392 Financial services 756 1,148 Total $ 95 $ 57,540 Total real estate inventories and total assets for each of our reportable segments, as of the date indicated, were as follows (in thousands): March 31, 2019 December 31, 2018 Real estate inventories Maracay $ 320,459 $ 293,217 Pardee Homes 1,300,853 1,286,877 Quadrant Homes 273,621 279,486 Trendmaker Homes 284,734 271,061 TRI Pointe Homes 780,568 812,799 Winchester Homes 282,443 272,619 Total $ 3,242,678 $ 3,216,059 Total assets Maracay $ 352,968 $ 318,703 Pardee Homes 1,404,466 1,391,503 Quadrant Homes 346,697 313,947 Trendmaker Homes 315,713 325,943 TRI Pointe Homes 966,252 987,610 Winchester Homes 312,636 298,602 Corporate 136,689 228,010 Total homebuilding assets 3,835,421 3,864,318 Financial services 20,474 19,885 Total $ 3,855,895 $ 3,884,203

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the components used in the computation of basic and diluted earnings per share (in thousands, except share and per share amounts): Three Months Ended March 31, 2019 2018 Numerator: Net income $ 71 $ 42,880 Denominator: Basic weighted-average shares outstanding 141,865,270 151,464,547 Effect of dilutive shares: Stock options and unvested restricted stock units 524,893 1,311,304 Diluted weighted-average shares outstanding 142,390,163 152,775,851 Earnings per share Basic $ 0.00 $ 0.28 Diluted $ 0.00 $ 0.28 Antidilutive stock options and unvested restricted stock units not included in diluted earnings per share 2,864,509 1,248,483

Receivables (Tables)

Receivables (Tables)	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Components of Receivables	Receivables consisted of the following (in thousands): March 31, 2019 December 31, 2018 Escrow proceeds and other accounts receivable, net $ 20,715 $ 13,995 Warranty insurance receivable (Note 13) 37,519 37,597 Total receivables $ 58,234 $ 51,592

Real Estate Inventories (Tables

Real Estate Inventories (Tables)	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
Summary of Real Estate Inventories	Real estate inventories consisted of the following (in thousands): March 31, 2019 December 31, 2018 Real estate inventories owned: Homes completed or under construction $ 1,037,271 $ 959,911 Land under development 1,668,075 1,743,537 Land held for future development 203,476 201,874 Model homes 258,545 238,828 Total real estate inventories owned 3,167,367 3,144,150 Real estate inventories not owned: Land purchase and land option deposits 75,311 71,909 Total real estate inventories not owned 75,311 71,909 Total real estate inventories $ 3,242,678 $ 3,216,059
Summary of Interest Incurred, Capitalized and Expensed	Interest incurred, capitalized and expensed were as follows (in thousands): Three Months Ended March 31, 2019 2018 Interest incurred $ 23,373 $ 21,520 Interest capitalized (23,373 ) (21,520 ) Interest expensed $ — $ — Capitalized interest in beginning inventory $ 184,400 $ 176,348 Interest capitalized as a cost of inventory 23,373 21,520 Interest previously capitalized as a cost of inventory, included in cost of sales (14,333 ) (14,242 ) Capitalized interest in ending inventory $ 193,440 $ 183,626
Schedule of Real Estate Inventory Impairments and Land Option Abandonments	Real estate inventory impairments and land and lot option abandonments and pre-acquisition charges consisted of the following (in thousands): Three Months Ended March 31, 2019 2018 Real estate inventory impairments $ — $ — Land and lot option abandonments and pre-acquisition charges 5,202 248 Total $ 5,202 $ 248

Investments in Unconsolidated_2

Investments in Unconsolidated Entities (Tables)	3 Months Ended
	Mar. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Aggregated Assets, Liabilities and Operating Results of Entities as Equity-Method Investments	Assets and liabilities of unconsolidated entities (in thousands): March 31, 2019 December 31, 2018 Assets Cash $ 10,261 $ 13,337 Receivables 3,358 4,674 Real estate inventories 100,986 99,864 Other assets 746 811 Total assets $ 115,351 $ 118,686 Liabilities and equity Accounts payable and other liabilities $ 6,930 $ 11,631 Company’s equity 4,191 5,410 Outside interests’ equity 104,230 101,645 Total liabilities and equity $ 115,351 $ 118,686 Results of operations from unconsolidated entities (in thousands): Three Months Ended March 31, 2019 2018 Net sales $ 4,111 $ 4,390 Other operating expense (2,752 ) (3,287 ) Other income 8 63 Net income $ 1,367 $ 1,166 Company’s equity in income of unconsolidated entities $ 750 $ 534

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Interests in Land Option Agreements	The following provides a summary of our interests in land and lot option agreements (in thousands): March 31, 2019 December 31, 2018 Deposits Remaining Purchase Price Consolidated Inventory Held by VIEs Deposits Remaining Purchase Price Consolidated Inventory Held by VIEs Consolidated VIEs $ — $ — $ — $ — $ — $ — Unconsolidated VIEs 49,589 390,757 N/A 41,198 433,720 N/A Other land option agreements 25,722 271,299 N/A 30,711 307,498 N/A Total $ 75,311 $ 662,056 $ — $ 71,909 $ 741,218 $ —

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Other Intangible Assets	Goodwill and other intangible assets consisted of the following (in thousands): March 31, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Goodwill $ 139,304 $ — $ 139,304 $ 139,304 $ — $ 139,304 Trade names 27,979 (6,990 ) 20,989 27,979 (6,856 ) 21,123 Total $ 167,283 $ (6,990 ) $ 160,293 $ 167,283 $ (6,856 ) $ 160,427
Schedule of Expected Amortization of Intangible Asset	Expected amortization of our intangible asset related to Maracay for the remainder of 2019 , the next four years and thereafter is (in thousands): Remainder of 2019 $ 400 2020 534 2021 534 2022 534 2023 534 Thereafter 1,153 Total $ 3,689

Other Assets (Tables)

Other Assets (Tables)	3 Months Ended
	Mar. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consisted of the following (in thousands): March 31, 2019 December 31, 2018 Prepaid expenses $ 30,414 $ 31,983 Refundable fees and other deposits 18,071 12,376 Development rights, held for future use or sale 2,288 845 Deferred loan costs–loans payable 5,298 2,424 Operating properties and equipment, net 56,462 54,198 Lease right-of-use assets 58,088 — Other 3,335 3,425 Total $ 173,956 $ 105,251

Accrued Expenses and Other Li_2

Accrued Expenses and Other Liabilities (Tables)	3 Months Ended
	Mar. 31, 2019
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Liabilities	Accrued expenses and other liabilities consisted of the following (in thousands): March 31, 2019 December 31, 2018 Accrued payroll and related costs $ 17,458 $ 44,010 Warranty reserves (Note 13) 70,947 71,836 Estimated cost for completion of real estate inventories 77,533 114,928 Customer deposits 21,051 17,464 Income tax liability to Weyerhaeuser 577 6,577 Accrued income taxes payable 10,853 8,335 Liability for uncertain tax positions (Note 15) 972 972 Accrued interest 24,345 12,572 Other tax liability 21,171 21,892 Lease liabilities 61,284 3,196 Other 13,600 33,367 Total $ 319,791 $ 335,149

Senior Notes and Loans Payable

Senior Notes and Loans Payable (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of Senior Notes	The Company’s outstanding senior notes (together, the “Senior Notes”) consisted of the following (in thousands): March 31, 2019 December 31, 2018 4.375% Senior Notes due June 15, 2019 $ 381,885 $ 381,895 4.875% Senior Notes due July 1, 2021 300,000 300,000 5.875% Senior Notes due June 15, 2024 450,000 450,000 5.250% Senior Notes due June 1, 2027 300,000 300,000 Discount and deferred loan costs (19,422 ) (21,091 ) Total $ 1,412,463 $ 1,410,804

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Related to Financial Instruments, Measured at Fair Value on a Recurring Basis	A summary of assets and liabilities at March 31, 2019 and December 31, 2018 , related to our financial instruments, measured at fair value on a recurring basis, is set forth below (in thousands): March 31, 2019 December 31, 2018 Hierarchy Book Value Fair Value Book Value Fair Value Senior Notes (1) Level 2 $ 1,425,892 $ 1,395,794 $ 1,425,397 $ 1,308,826 __________ (1) The book value of the Senior Notes is net of discounts, excluding deferred loan costs of $13.4 million and $14.6 million as of March 31, 2019 and December 31, 2018 , respectively. The estimated fair value of the Senior Notes at March 31, 2019 and December 31, 2018 is based on quoted market prices.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of Warranty Reserves	Warranty reserve activity consisted of the following (in thousands): Three Months Ended March 31, 2019 2018 Warranty reserves, beginning of period $ 71,836 $ 69,373 Warranty reserves accrued 4,270 4,746 Warranty expenditures (5,159 ) (3,637 ) Warranty reserves, end of period $ 70,947 $ 70,482
Schedule of Lease Costs and Other Information	See below for additional information on leases (dollars in thousands): Three Months Ended March 31, 2019 Lease cost Operating lease cost (included in SG&A expense) $ 2,044 Ground lease cost (included in other operations expense) 590 Sublease income, ground leases (included in other operations revenue) (598 ) Net lease cost $ 2,036 Other information Cash paid for amounts included in the measurement of lease liabilities: Operating lease cash flows (included in operating cash flows) $ 1,609 Ground lease cash flows (included in operating cash flows) $ 608 Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,707 March 31, 2019 Weighted-average discount rate: Operating leases 6.0 % Ground leases 10.2 % Weighted-average remaining lease term (in years): Operating leases 6.3 Ground leases 49.2
Schedule of Future Minimum Lease Payments	The future minimum lease payments under our operating leases are as follows (in thousands): Property, Equipment and Other Leases Ground Leases (1) Remaining in 2019 $ 6,347 $ 2,238 2020 8,322 2,984 2021 7,048 2,984 2022 5,453 2,984 2023 4,349 2,984 Thereafter 8,799 84,266 $ 40,318 $ 98,440 (1) Ground leases are fully subleased through 2041, representing $67.4 million of the $98.4 million future ground lease obligations.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Compensation Expense Recognized Related to all Stock-Based Awards	The following table presents compensation expense recognized related to all stock-based awards (in thousands): Three Months Ended March 31, 2019 2018 Total stock-based compensation $ 3,435 $ 3,470
Summary of Stock Option Awards	The following table presents a summary of stock option awards for the three months ended March 31, 2019 : Options Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Life Aggregate Intrinsic Value (in thousands) Options outstanding at December 31, 2018 953,905 $ 14.58 4.2 $ 296 Granted — — — — Exercised (32,486 ) $ 6.50 — — Forfeited — $ — — — Options outstanding at March 31, 2019 921,419 $ 14.87 4.1 $ 350 Options exercisable at March 31, 2019 921,419 $ 14.87 4.1 $ 350
Summary of Restricted Stock Units	The following table presents a summary of RSUs for the three months ended March 31, 2019 : Restricted Stock Units Weighted Average Grant Date Fair Value Per Share Aggregate Intrinsic Value (in thousands) Nonvested RSUs at December 31, 2018 3,341,848 $ 11.05 $ 36,526 Granted 1,593,747 $ 12.10 — Vested (795,528 ) $ 12.70 — Forfeited (745,756 ) $ 5.20 — Nonvested RSUs at March 31, 2019 3,394,311 $ 12.45 $ 42,904

Supplemental Disclosure to Co_2

Supplemental Disclosure to Consolidated Statements of Cash Flows (Tables)	3 Months Ended
	Mar. 31, 2019
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosure to Consolidated Statements of Cash Flows	The following are supplemental disclosures to the consolidated statements of cash flows (in thousands): Three Months Ended March 31, 2019 2018 Supplemental disclosure of cash flow information: Interest paid (capitalized), net $ (13,697 ) $ (13,858 ) Income taxes paid (refunded), net $ (2,538 ) $ 30 Supplemental disclosures of noncash activities: Amortization of senior note discount capitalized to real estate inventory $ 505 $ 531 Amortization of deferred loan costs capitalized to real estate inventory $ 1,415 $ 1,492 Increase in other assets related to adoption of ASC 606 $ — $ 39,534

Supplemental Guarantor Inform_2

Supplemental Guarantor Information (Tables)	3 Months Ended
	Mar. 31, 2019
Condensed Financial Information Disclosure [Abstract]
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet (in thousands): March 31, 2019 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Assets Cash and cash equivalents $ 55,854 $ 92,928 $ — $ 148,782 Receivables 20,616 37,618 — 58,234 Intercompany receivables 858,286 — (858,286 ) — Real estate inventories 780,568 2,462,110 — 3,242,678 Investments in unconsolidated entities — 4,191 — 4,191 Goodwill and other intangible assets, net 156,603 3,690 — 160,293 Investments in subsidiaries 1,668,464 — (1,668,464 ) — Deferred tax assets, net 14,822 52,939 — 67,761 Other assets 20,894 153,062 — 173,956 Total assets $ 3,576,107 $ 2,806,538 $ (2,526,750 ) $ 3,855,895 Liabilities Accounts payable $ 11,973 $ 54,632 $ — $ 66,605 Intercompany payables — 858,286 (858,286 ) — Accrued expenses and other liabilities 94,648 225,143 — 319,791 Senior notes 1,412,463 — — 1,412,463 Total liabilities 1,519,084 1,138,061 (858,286 ) 1,798,859 Equity Total stockholders’ equity 2,057,023 1,668,464 (1,668,464 ) 2,057,023 Noncontrolling interests — 13 — 13 Total equity 2,057,023 1,668,477 (1,668,464 ) 2,057,036 Total liabilities and equity $ 3,576,107 $ 2,806,538 $ (2,526,750 ) $ 3,855,895 Condensed Consolidating Balance Sheet (in thousands): December 31, 2018 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Assets Cash and cash equivalents $ 148,129 $ 129,567 $ — $ 277,696 Receivables 16,589 35,003 — 51,592 Intercompany receivables 758,501 — (758,501 ) — Real estate inventories 812,799 2,403,260 — 3,216,059 Investments in unconsolidated entities — 5,410 — 5,410 Goodwill and other intangible assets, net 156,604 3,823 — 160,427 Investments in subsidiaries 1,672,635 — (1,672,635 ) — Deferred tax assets, net 14,822 52,946 — 67,768 Other assets 12,984 92,267 — 105,251 Total assets $ 3,593,063 $ 2,722,276 $ (2,431,136 ) $ 3,884,203 Liabilities Accounts payable $ 13,433 $ 67,880 $ — $ 81,313 Intercompany payables — 758,501 (758,501 ) — Accrued expenses and other liabilities 111,902 223,247 — 335,149 Senior notes 1,410,804 — — 1,410,804 Total liabilities 1,536,139 1,049,628 (758,501 ) 1,827,266 Equity Total stockholders’ equity 2,056,924 1,672,635 (1,672,635 ) 2,056,924 Noncontrolling interests — 13 — 13 Total equity 2,056,924 1,672,648 (1,672,635 ) 2,056,937 Total liabilities and equity $ 3,593,063 $ 2,722,276 $ (2,431,136 ) $ 3,884,203
Condensed Consolidating Statement of Operations	Condensed Consolidating Statement of Operations (in thousands): Three Months Ended March 31, 2019 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Homebuilding: Home sales revenue $ 171,791 $ 320,912 $ — $ 492,703 Land and lot sales revenue — 1,029 — 1,029 Other operations revenue — 598 — 598 Total revenues 171,791 322,539 — 494,330 Cost of home sales 145,075 276,461 — 421,536 Cost of land and lot sales — 1,495 — 1,495 Other operations expense — 590 — 590 Sales and marketing 9,299 29,690 — 38,989 General and administrative 19,479 19,118 — 38,597 Homebuilding loss from operations (2,062 ) (4,815 ) — (6,877 ) Equity in loss of unconsolidated entities — (25 ) — (25 ) Other income, net 6,140 101 — 6,241 Homebuilding income (loss) before income taxes 4,078 (4,739 ) — (661 ) Financial Services: Revenues — 302 — 302 Expenses — 321 — 321 Equity in income of unconsolidated entities — 775 — 775 Financial services income before income taxes — 756 — 756 Income (loss) before income taxes 4,078 (3,983 ) — 95 Equity of net (loss) of subsidiaries (4,007 ) — 4,007 — Provision for income taxes — (24 ) — (24 ) Net income (loss) $ 71 $ (4,007 ) $ 4,007 $ 71 Condensed Consolidating Statement of Operations (in thousands): Three Months Ended March 31, 2018 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Homebuilding: Home sales revenue $ 190,420 $ 392,152 $ — $ 582,572 Land and lot sales revenue — 223 — 223 Other operations revenue — 598 — 598 Total revenues 190,420 392,973 — 583,393 Cost of home sales 159,055 291,447 — 450,502 Cost of land and lot sales — 503 — 503 Other operations expense — 602 — 602 Sales and marketing 10,517 27,766 — 38,283 General and administrative 18,159 18,655 — 36,814 Homebuilding income from operations 2,689 54,000 — 56,689 Equity in loss of unconsolidated entities — (468 ) — (468 ) Other income, net 139 32 — 171 Homebuilding income before income taxes 2,828 53,564 — 56,392 Financial Services: Revenues — 283 — 283 Expenses — 137 — 137 Equity in income of unconsolidated entities — 1,002 — 1,002 Financial services income before income taxes — 1,148 — 1,148 Income before income taxes 2,828 54,712 — 57,540 Equity of net income of subsidiaries 40,052 — (40,052 ) — Provision for income taxes — (14,660 ) — (14,660 ) Net income $ 42,880 $ 40,052 $ (40,052 ) $ 42,880
Condensed Consolidating Statement of Cash Flows	Condensed Consolidating Statement of Cash Flows (in thousands): Three Months Ended March 31, 2019 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Cash flows from operating activities: Net cash provided by (used in) operating activities $ 15,054 $ (129,979 ) $ — $ (114,925 ) Cash flows from investing activities: Purchases of property and equipment (2,065 ) (5,159 ) — (7,224 ) Proceeds from sale of property and equipment — 7 — 7 Investments in unconsolidated entities — (231 ) — (231 ) Intercompany (98,723 ) — 98,723 — Net cash (used in) provided by investing activities (100,788 ) (5,383 ) 98,723 (7,448 ) Cash flows from financing activities: Repayment of debt (10 ) — — (10 ) Debt issuance costs (3,124 ) — — (3,124 ) Proceeds from issuance of common stock under share-based awards 198 — — 198 Minimum tax withholding paid on behalf of employees for restricted stock units (3,605 ) — — (3,605 ) Intercompany — 98,723 (98,723 ) — Net cash (used in) provided by financing activities (6,541 ) 98,723 (98,723 ) (6,541 ) Net decrease in cash and cash equivalents (92,275 ) (36,639 ) — (128,914 ) Cash and cash equivalents–beginning of period 148,129 129,567 — 277,696 Cash and cash equivalents–end of period $ 55,854 $ 92,928 $ — $ 148,782 Condensed Consolidating Statement of Cash Flows (in thousands): Three Months Ended March 31, 2018 Issuer Guarantor Subsidiaries Consolidating Adjustments Consolidated TRI Pointe Group, Inc. Cash flows from operating activities: Net cash provided by (used in) operating activities $ 52,793 $ (2,907 ) $ — $ 49,886 Cash flows from investing activities: Purchases of property and equipment (419 ) (1,751 ) — (2,170 ) Proceeds from sale of property and equipment — — — — Investments in unconsolidated entities — (947 ) — (947 ) Intercompany (18,449 ) — 18,449 — Net cash used in investing activities (18,868 ) (2,698 ) 18,449 (3,117 ) Cash flows from financing activities: Distributions to noncontrolling interests — (1 ) — (1 ) Proceeds from issuance of common stock under share-based awards 975 — — 975 Minimum tax withholding paid on behalf of employees for restricted stock units (6,049 ) — — (6,049 ) Intercompany — 18,449 (18,449 ) — Net cash (used in) provided by financing activities (5,074 ) 18,448 (18,449 ) (5,075 ) Net increase in cash and cash equivalents 28,851 12,843 — 41,694 Cash and cash equivalents–beginning of period 176,684 106,230 — 282,914 Cash and cash equivalents–end of period $ 205,535 $ 119,073 $ — $ 324,608

Organization, Basis of Presen_3

Organization, Basis of Presentation and Summary of Significant Accounting Policies (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019segment	Jan. 01, 2019USD ($)	Jan. 01, 2018USD ($)
Segment Reporting Information [Line Items]
Cumulative effect of accounting change | $			$ (7,354)
All HomeBuilding Segments
Segment Reporting Information [Line Items]
Number of brands in portfolio | segment	6
Number of states entity operates | segment	10
ASU 2016-02
Segment Reporting Information [Line Items]
Cumulative effect of accounting change | $		$ 57,400

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2019businesssegment
Segment Reporting Information [Line Items]
Number of principal lines of businesses | business	2
Financial services
Segment Reporting Information [Line Items]
Number of homebuilding companies	1
All HomeBuilding Segments
Segment Reporting Information [Line Items]
Number of homebuilding companies	6
Number of reportable segments	6

Segment Information - Summary o

Segment Information - Summary of Financial Information Relating to Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total revenues	$ 494,632	$ 583,676
Income (loss) before income taxes	95	57,540
Real estate inventories	3,242,678		$ 3,216,059
Total assets	3,855,895		3,884,203
All HomeBuilding Segments
Segment Reporting Information [Line Items]
Real estate inventories	3,242,678		3,216,059
Total assets	3,835,421		3,864,318
Operating segments | Maracay
Segment Reporting Information [Line Items]
Real estate inventories	320,459		293,217
Total assets	352,968		318,703
Operating segments | Pardee Homes
Segment Reporting Information [Line Items]
Real estate inventories	1,300,853		1,286,877
Total assets	1,404,466		1,391,503
Operating segments | Quadrant Homes
Segment Reporting Information [Line Items]
Real estate inventories	273,621		279,486
Total assets	346,697		313,947
Operating segments | Trendmaker Homes
Segment Reporting Information [Line Items]
Real estate inventories	284,734		271,061
Total assets	315,713		325,943
Operating segments | TRI Pointe Homes
Segment Reporting Information [Line Items]
Real estate inventories	780,568		812,799
Total assets	966,252		987,610
Operating segments | Winchester Homes
Segment Reporting Information [Line Items]
Real estate inventories	282,443		272,619
Total assets	312,636		298,602
Operating segments | Financial services
Segment Reporting Information [Line Items]
Total assets	20,474		19,885
Corporate
Segment Reporting Information [Line Items]
Total assets	136,689		$ 228,010
Homebuilding
Segment Reporting Information [Line Items]
Total revenues	494,330	583,393
Homebuilding | All HomeBuilding Segments
Segment Reporting Information [Line Items]
Total revenues	494,330	583,393
Income (loss) before income taxes	(661)	56,392
Homebuilding | Operating segments | Maracay
Segment Reporting Information [Line Items]
Total revenues	39,561	58,455
Income (loss) before income taxes	1,190	4,391
Homebuilding | Operating segments | Pardee Homes
Segment Reporting Information [Line Items]
Total revenues	134,863	180,470
Income (loss) before income taxes	(791)	39,191
Homebuilding | Operating segments | Quadrant Homes
Segment Reporting Information [Line Items]
Total revenues	43,871	61,903
Income (loss) before income taxes	(2,639)	8,140
Homebuilding | Operating segments | Trendmaker Homes
Segment Reporting Information [Line Items]
Total revenues	70,821	41,408
Income (loss) before income taxes	(1,598)	370
Homebuilding | Operating segments | TRI Pointe Homes
Segment Reporting Information [Line Items]
Total revenues	171,791	190,420
Income (loss) before income taxes	10,209	14,531
Homebuilding | Operating segments | Winchester Homes
Segment Reporting Information [Line Items]
Total revenues	33,423	50,737
Income (loss) before income taxes	(766)	1,607
Homebuilding | Corporate
Segment Reporting Information [Line Items]
Income (loss) before income taxes	(6,266)	(11,838)
Financial Services
Segment Reporting Information [Line Items]
Total revenues	302	283
Financial Services | Operating segments | Financial services
Segment Reporting Information [Line Items]
Income (loss) before income taxes	$ 756	$ 1,148

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Numerator:
Net income	$ 71	$ 42,880
Denominator:
Basic weighted-average shares outstanding (shares)	141,865,270	151,464,547
Effect of dilutive shares:
Stock options and unvested restricted stock units (shares)	524,893	1,311,304
Diluted weighted-average shares outstanding (shares)	142,390,163	152,775,851
Earnings per share
Basic (in dollars per share)	$ 0	$ 0.28
Diluted (in dollars per share)	$ 0	$ 0.28
Antidilutive stock options and unvested restricted stock units not included in diluted earnings per share (in shares)	2,864,509	1,248,483

Receivables - Components of Rec

Receivables - Components of Receivables (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Escrow proceeds and other accounts receivable, net	$ 20,715	$ 13,995
Warranty insurance receivable	37,519	37,597
Total receivables	$ 58,234	$ 51,592

Receivables - Additional Inform

Receivables - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Allowance for doubtful accounts	$ 456	$ 667

Real Estate Inventories - Summa

Real Estate Inventories - Summary of Real Estate Inventories (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Real estate inventories owned:
Homes completed or under construction	$ 1,037,271	$ 959,911
Land under development	1,668,075	1,743,537
Land held for future development	203,476	201,874
Model homes	258,545	238,828
Total real estate inventories owned	3,167,367	3,144,150
Real estate inventories not owned:
Land purchase and land option deposits	75,311	71,909
Total real estate inventories not owned	75,311	71,909
Total real estate inventories	$ 3,242,678	$ 3,216,059

Real Estate Inventories - Sum_2

Real Estate Inventories - Summary of Interest Incurred, Capitalized and Expensed (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Real Estate [Abstract]
Interest incurred	$ 23,373	$ 21,520
Interest capitalized	(23,373)	(21,520)
Interest expensed	0	0
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Capitalized interest in beginning inventory	184,400	176,348
Interest capitalized as a cost of inventory	23,373	21,520
Interest previously capitalized as a cost of inventory, included in cost of sales	(14,333)	(14,242)
Capitalized interest in ending inventory	$ 193,440	$ 183,626

Real Estate Inventories - Sched

Real Estate Inventories - Schedule of Land and Lot Option Abandonments and Pre-acquisition Charges (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Real Estate [Abstract]
Real estate inventory impairments	$ 0	$ 0
Land and lot option abandonments and pre-acquisition charges	5,202,000	248,000
Total	$ 5,202,000	$ 248,000

Investments in Unconsolidated_3

Investments in Unconsolidated Entities - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2019investment
Minimum
Investment Holdings [Line Items]
Ownership percentage (percent)	7.00%
Maximum
Investment Holdings [Line Items]
Ownership percentage (percent)	65.00%
Homebuilding Partnerships or Limited Liability Companies
Investment Holdings [Line Items]
Number of equity investments	4
Financial Services Limited Liability Company
Investment Holdings [Line Items]
Number of equity investments	1

Investments in Unconsolidated_4

Investments in Unconsolidated Entities - Aggregated Assets, Liabilities and Operating Results of Entities as Equity-Method Investments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Assets
Total assets	$ 115,351		$ 118,686
Liabilities and equity
Accounts payable and other liabilities	6,930		11,631
Company’s equity	4,191		5,410
Outside interests’ equity	104,230		101,645
Total liabilities and equity	115,351		118,686
Net sales	4,111	$ 4,390
Other operating expense	(2,752)	(3,287)
Other income	8	63
Net income	1,367	1,166
Company’s equity in income of unconsolidated entities	750	$ 534
Cash
Assets
Total assets	10,261		13,337
Receivables
Assets
Total assets	3,358		4,674
Real Estate Inventories
Assets
Total assets	100,986		99,864
Other Assets
Assets
Total assets	$ 746		$ 811

Variable Interest Entities - Su

Variable Interest Entities - Summary of Interests in Land Option Agreements (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Deposits	$ 75,311	$ 71,909
Remaining Purchase Price	662,056	741,218
Consolidated inventory held by VIEs	0	0
Consolidated VIEs
Variable Interest Entity [Line Items]
Deposits	0	0
Remaining Purchase Price	0	0
Consolidated inventory held by VIEs	0	0
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Deposits	49,589	41,198
Remaining Purchase Price	390,757	433,720
Other land option agreements
Variable Interest Entity [Line Items]
Deposits	25,722	30,711
Remaining Purchase Price	$ 271,299	$ 307,498

Variable Interest Entities - Ad

Variable Interest Entities - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Other land option agreements
Variable Interest Entity [Line Items]
Capitalized pre-acquisition costs	$ 7	$ 7.5

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Schedule of Goodwill and Other Intangible Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 139,304	$ 139,304
Trade names, Gross Carrying Amount	27,979	27,979
Gross Carrying Amount	167,283	167,283
Accumulated Amortization	(6,990)	(6,856)
Trade names, Net Carrying Amount	20,989	21,123
Net Carrying Amount	$ 160,293	$ 160,427

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Additional Information (Detail) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019USD ($)asset	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	$ 139,304		$ 139,304
Number of intangible assets | asset	2
Net carrying amount of intangible asset	$ 3,689		$ 3,800
Indefinite-Lived Trade Names
Schedule Of Intangible Assets And Goodwill [Line Items]
Indefinite life intangible asset	$ 17,300
Finite-Lived Trade Names
Schedule Of Intangible Assets And Goodwill [Line Items]
Remaining useful life of amortizing asset	6 years 10 months 24 days		7 years 2 months 12 days
Amortization expense	$ 134	$ 134
Maracay
Schedule Of Intangible Assets And Goodwill [Line Items]
Intangible assets useful life	20 years
WRECO Transaction
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	$ 139,300		$ 139,300

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Schedule of Expected Amortization of Intangible Asset (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2019	$ 400
2020	534
2021	534
2022	534
2023	534
Thereafter	1,153
Total	$ 3,689	$ 3,800

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018	Jan. 01, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid expenses	$ 30,414		$ 31,983
Refundable fees and other deposits	18,071		12,376
Development rights, held for future use or sale	2,288		845
Deferred loan costs–loans payable	5,298		2,424
Operating properties and equipment, net	56,462		54,198
Lease right-of-use assets	58,088		0
Other	3,335		3,425
Total	$ 173,956		$ 105,251
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of accounting change				$ (7,354)
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of accounting change		$ 57,400

Accrued Expenses and Other Li_3

Accrued Expenses and Other Liabilities - Schedule of Accrued Expenses and Other Liabilities (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018	Mar. 31, 2018	Jan. 01, 2018	Dec. 31, 2017
Payables and Accruals [Abstract]
Accrued payroll and related costs	$ 17,458		$ 44,010
Warranty reserves	70,947		71,836	$ 70,482		$ 69,373
Estimated cost for completion of real estate inventories	77,533		114,928
Customer deposits	21,051		17,464
Income tax liability to Weyerhaeuser	577		6,577
Accrued income taxes payable	10,853		8,335
Liability for uncertain tax positions	972		972
Accrued interest	24,345		12,572
Other tax liability	21,171		21,892
Lease liabilities	61,284		3,196
Other	13,600		33,367
Total	$ 319,791		$ 335,149
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of accounting change					$ (7,354)
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of accounting change		$ 57,400

Senior Notes and Loans Payabl_2

Senior Notes and Loans Payable - Schedule of Senior Notes (Detail) - Senior Notes - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Discount and deferred loan costs	$ (19,422)	$ (21,091)
Total	1,412,463	1,410,804
4.375% Senior notes due June 15, 2019
Debt Instrument [Line Items]
Senior notes (gross)	381,885	381,895
4.875% Senior notes due July 1, 2021
Debt Instrument [Line Items]
Senior notes (gross)	300,000	300,000
5.875% Senior notes due June 15, 2024
Debt Instrument [Line Items]
Senior notes (gross)	450,000	450,000
5.250% Senior notes due June 1, 2027
Debt Instrument [Line Items]
Senior notes (gross)	$ 300,000	$ 300,000

Senior Notes and Loans Payabl_3

Senior Notes and Loans Payable - Schedule of Senior Notes (Phantoms) (Detail) - Senior Notes	3 Months Ended
	Mar. 31, 2019	Jun. 30, 2017	May 31, 2016
4.375% Senior notes due June 15, 2019
Debt Instrument [Line Items]
Interest rate on senior note (percent)	4.375%
Maturity date of senior note	Jun. 15, 2019
4.875% Senior notes due July 1, 2021
Debt Instrument [Line Items]
Interest rate on senior note (percent)	4.875%		4.875%
Maturity date of senior note	Jul. 1, 2021
5.875% Senior notes due June 15, 2024
Debt Instrument [Line Items]
Interest rate on senior note (percent)	5.875%
Maturity date of senior note	Jun. 15, 2024
5.250% Senior notes due June 1, 2027
Debt Instrument [Line Items]
Interest rate on senior note (percent)	5.25%	5.25%
Maturity date of senior note	Jun. 1, 2027

Senior Notes and Loans Payabl_4

Senior Notes and Loans Payable - Additional Information (Detail) - USD ($)	1 Months Ended			3 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2017	May 31, 2016	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Mar. 29, 2019
Debt Instrument [Line Items]
Repurchased principal				$ 10,000	$ 0
Capitalization of deferred finance costs				5,298,000		$ 2,424,000
Accrued interest				24,345,000		12,572,000
Interest incurred				23,373,000	21,520,000
Amortization of deferred financing costs				1,900,000	$ 2,000,000
Senior Notes
Debt Instrument [Line Items]
Proceeds from issuance of senior notes, net				861,300,000
Capitalization of deferred finance costs				13,400,000
Accrued interest				$ 23,300,000		11,500,000
5.250% Senior notes due June 1, 2027 | Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount		$ 300,000,000
Interest rate on debt instrument (percent)		5.25%		5.25%
Debt issuance, percentage of aggregate principal (percent)		100.00%
Proceeds from issuance of senior notes, net		$ 296,300,000
Maturity date of senior note				Jun. 1, 2027
4.875% Senior notes due July 1, 2021 | Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount			$ 300,000,000
Interest rate on debt instrument (percent)			4.875%	4.875%
Debt issuance, percentage of aggregate principal (percent)			99.44%
Proceeds from issuance of senior notes, net			$ 293,900,000
Maturity date of senior note				Jul. 1, 2021
4.375% Senior notes due June 15, 2019 | Senior Notes
Debt Instrument [Line Items]
Interest rate on debt instrument (percent)				4.375%
Debt issuance, percentage of aggregate principal (percent)				98.89%
Maturity date of senior note				Jun. 15, 2019
5.875% Senior notes due June 15, 2024 | Senior Notes
Debt Instrument [Line Items]
Interest rate on debt instrument (percent)				5.875%
Debt issuance, percentage of aggregate principal (percent)				98.15%
Maturity date of senior note				Jun. 15, 2024
Repurchased principal				$ 10,000		68,100,000
the Facility
Debt Instrument [Line Items]
Maximum borrowing capacity under facility							$ 1,000,000,000
Consolidated tangible net worth attributed to Company required under covenants (percent)				97.00%
the Revolving Facility | the Revolving Facility
Debt Instrument [Line Items]
Capitalization of deferred finance costs				$ 5,300,000
Accrued interest				432,000		402,000
Borrowing capacity of credit facility							600,000,000
Outstanding debt				0
Available secured revolving credit facility				$ 818,800,000
the Revolving Facility | the Revolving Facility | Minimum
Debt Instrument [Line Items]
Debt instrument variable interest rate (percent)				1.25%
the Revolving Facility | the Revolving Facility | Maximum
Debt Instrument [Line Items]
Debt instrument variable interest rate (percent)				2.00%
the Revolving Facility | Letters of credit
Debt Instrument [Line Items]
Maximum borrowing capacity under facility				$ 75,000,000
Outstanding letters of credit				$ 31,200,000		$ 31,800,000
the Term Facility | Term Loan
Debt Instrument [Line Items]
Borrowing capacity of credit facility							$ 250,000,000
the Term Facility | Term Loan | Minimum
Debt Instrument [Line Items]
Debt instrument variable interest rate (percent)				1.10%
the Term Facility | Term Loan | Maximum
Debt Instrument [Line Items]
Debt instrument variable interest rate (percent)				1.85%
Expected draw | the Term Facility | Term Loan
Debt Instrument [Line Items]
Expected draw from the Term Facility	$ 250,000,000

Fair Value Disclosures - Summar

Fair Value Disclosures - Summary of Assets and Liabilities Related to Financial Instruments, Measured at Fair Value on a Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Senior notes	$ 1,412,463	$ 1,410,804
Deferred loan costs–loans payable	5,298	2,424
Level 2 | Recurring | Book Value
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Senior notes	1,425,892	1,425,397
Deferred loan costs–loans payable	13,400	14,600
Level 2 | Recurring | Fair Value
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Senior notes	$ 1,395,794	$ 1,308,826

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 1987leaselease_extensionlease_renewal	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Commitment And Contingencies [Line Items]
Outstanding warranty insurance receivables		$ 37,519,000	$ 37,597,000
Estimated remaining liabilities related to surety bonds		13,600,000	33,367,000
Surety bonds
Commitment And Contingencies [Line Items]
Outstanding surety bonds		653,900,000	685,700,000
Estimated remaining liabilities related to surety bonds		415,200,000	423,400,000
Legal Reserve
Commitment And Contingencies [Line Items]
Legal reserves		$ 0	$ 17,500,000
Office Leases
Commitment And Contingencies [Line Items]
Lease obligation original term		10 years
Equipment Leases | Minimum
Commitment And Contingencies [Line Items]
Lease obligation original term		3 years
Equipment Leases | Maximum
Commitment And Contingencies [Line Items]
Lease obligation original term		4 years
Ground lease
Commitment And Contingencies [Line Items]
Lease obligation original term	55 years
Number of properties subject to ground leases | lease	2
Ten Year Renewal Option | Ground lease
Commitment And Contingencies [Line Items]
Number of lease extensions | lease_renewal	3
Term of lease extension	10 years
Forty-five Year Renewal Option | Ground lease
Commitment And Contingencies [Line Items]
Lease obligation original term	45 years
Number of properties subject to ground leases | lease	1
Extension Through 2071 | Ground lease
Commitment And Contingencies [Line Items]
Number of ground leases extended | lease_extension	1

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Warranty Reserves (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty reserves, beginning of period	$ 71,836	$ 69,373
Warranty reserves accrued	4,270	4,746
Warranty expenditures	(5,159)	(3,637)
Warranty reserves, end of period	$ 70,947	$ 70,482

Commitments and Contingencies_3

Commitments and Contingencies - Schedule of Lease Costs and Other Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Lessee, Lease, Description [Line Items]
Net lease cost	$ 2,036
Right-of-use assets obtained in exchange for new operating lease liabilities	1,707
Operating Leases
Lessee, Lease, Description [Line Items]
Lease cost	2,044
Cash paid for amounts included in the measurement of lease liabilities	$ 1,609
Weighted-average discount rate (percent)	6.00%
Weighted-average remaining lease term (in years):	6 years 3 months 18 days
Ground lease
Lessee, Lease, Description [Line Items]
Lease cost	$ 590
Sublease income, ground leases (included in other operations revenue)	(598)
Cash paid for amounts included in the measurement of lease liabilities	$ 608
Weighted-average discount rate (percent)	10.20%
Weighted-average remaining lease term (in years):	49 years 2 months 12 days

Commitments and Contingencies_4

Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Details) $ in Thousands	Mar. 31, 2019USD ($)
Operating Leases
Lessee, Lease, Description [Line Items]
Remaining in 2019	$ 6,347
2020	8,322
2021	7,048
2022	5,453
2023	4,349
Thereafter	8,799
Total future minimum lease payments under operating leases	40,318
Ground lease
Lessee, Lease, Description [Line Items]
Remaining in 2019	2,238
2020	2,984
2021	2,984
2022	2,984
2023	2,984
Thereafter	84,266
Total future minimum lease payments under operating leases	98,440
Future expected payments to be received under sublease	$ 67,400

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	Mar. 11, 2019	Mar. 11, 2019	Feb. 28, 2019	Jul. 23, 2018	May 07, 2018	Apr. 30, 2018	Feb. 22, 2018	Mar. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock based compensation related to all stock-based awards								$ 29.6
Weighted average period, expense to recognize								2 years 3 months
Chief Executive Officer | Performance metric based on Company's TSR
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocation of RSU's to performance metrics (percent)			30.00%
Chief Executive Officer | Performance metric based on Company's earnings per share
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocation of RSU's to performance metrics (percent)			70.00%
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, granted (shares)								1,593,747
Fair value of RSUs (in dollars per share)								$ 12.45	$ 11.05
RSUs that vested in period (shares)								795,528
Restricted Stock Units (RSUs) | Performance-based RSUs | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights (percent)			0.00%				0.00%
Restricted Stock Units (RSUs) | Performance-based RSUs | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights (percent)			100.00%				100.00%
Restricted Stock Units (RSUs) | Employees and Officers | Time-vested RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, granted (shares)	3,025		990,723		4,258		633,107
Restricted stock units, vesting period		3 years					3 years
Closing stock price on date of grant (in dollars per share)	$ 13.22	$ 13.22	$ 12.60		$ 17.61		$ 16.94
Restricted Stock Units (RSUs) | Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, granted (shares)			247,619				184,179
Restricted Stock Units (RSUs) | President
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, granted (shares)			238,095				177,095
Restricted Stock Units (RSUs) | Chief Financial Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, granted (shares)			114,285				85,005
Restricted Stock Units (RSUs) | Non-employee Members on Board of Directors | Time-vested RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, granted (shares)				6,677		40,910
Closing stock price on date of grant (in dollars per share)				$ 16.37		$ 17.11
Restricted Stock Units (RSUs) | Employees Officers And Directors | Performance-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing stock price on date of grant (in dollars per share)			$ 12.60				$ 16.94
Fair value of RSUs (in dollars per share)			$ 8.16				$ 10.97
2013 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock (shares)								11,727,833
Shares available for future grant (shares)								5,886,605

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Compensation Expense Recognized Related to all Stock-Based Awards (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Total stock-based compensation	$ 3,435	$ 3,470

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Stock Option Awards (Detail) - Employee Stock Option - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options, Outstanding, Balance (shares)	953,905
Options, Granted (shares)	0
Options, Exercised (shares)	(32,486)
Options, Forfeited (shares)	0
Options, Outstanding, Balance (shares)	921,419	953,905
Options exercisable at end of period (shares)	921,419
Weighted Average Exercise Price, Outstanding, Balance (in dollars per share)	$ 14.58
Weighted Average Exercise Price, Granted (in dollars per share)	0
Weighted Average Exercise Price, Exercised (in dollars per share)	6.50
Weighted Average Exercise Price, Forfeited (in dollars per share)	0
Weighted Average Exercise Price, Outstanding, Balance (in dollars per share)	14.87	$ 14.58
Weighted Average Exercise Price, Options exercisable at end of period (in dollars per share)	$ 14.87
Weighted Average Remaining Contractual Life, Outstanding	4 years 1 month 6 days	4 years 2 months 12 days
Weighted Average Remaining Contractual Life, Options exercisable at end of period	4 years 1 month 6 days
Aggregate Intrinsic Value, Outstanding, Balance	$ 350	$ 296
Aggregate Intrinsic Value, Outstanding, Options exercisable at end of period	$ 350

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Restricted Stock Units (Detail) - Restricted Stock Units (RSUs) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested Restricted Stock Units, Beginning Balance (shares)	3,341,848
Nonvested Restricted Stock Units, Granted (shares)	1,593,747
Nonvested Restricted Stock Units, Vested (shares)	(795,528)
Nonvested Restricted Stock Units, Forfeited (shares)	(745,756)
Nonvested Restricted Stock Units, Ending Balance (shares)	3,394,311
Weighted Average Grant Date Fair Value, Beginning Balance (in dollars per share)	$ 11.05
Weighted Average Grant Date Fair Value, Granted (in dollars per share)	12.10
Weighted Average Grant Date Fair Value, Vested (in dollars per share)	12.70
Weighted Average Grant Date Fair Value, Forfeited (in dollars per share)	5.20
Weighted Average Grant Date Fair Value, Ending Balance (in dollars per share)	$ 12.45
Aggregate Intrinsic Value, Balance	$ 42,904	$ 36,526
Aggregate Intrinsic Value, Granted	$ 0

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Income Tax Contingency [Line Items]
Deferred tax assets, net	$ 67,761		$ 67,768
Valuation allowance related to net deferred tax assets	3,400		3,400
Other income, net	6,241	$ 171
Provision for income taxes	24	$ 14,660
Liability for uncertain tax positions	972		972
Weyerhaeuser
Income Tax Contingency [Line Items]
Other income, net	6,000
Accrued Expenses And Other Liabilities | Weyerhaeuser
Income Tax Contingency [Line Items]
Income tax liability	$ 577		$ 6,600

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Related Party Transactions [Abstract]
Related party transactions	$ 0	$ 0

Supplemental Disclosure to Co_3

Supplemental Disclosure to Consolidated Statements of Cash Flows - Supplemental Disclosure to Consolidated Statements of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Supplemental disclosure of cash flow information:
Interest paid (capitalized), net	$ (13,697)	$ (13,858)
Income taxes paid (refunded), net	(2,538)	30
Supplemental disclosures of noncash activities:
Amortization of senior note discount capitalized to real estate inventory	505	531
Amortization of deferred loan costs capitalized to real estate inventory	1,415	1,492
Increase in other assets related to adoption of ASC 606	$ 0	$ 39,534

Supplemental Guarantor Inform_3

Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 148,782	$ 277,696
Receivables	58,234	51,592
Intercompany receivables	0	0
Real estate inventories	3,242,678	3,216,059
Investments in unconsolidated entities	4,191	5,410
Goodwill and other intangible assets, net	160,293	160,427
Investments in subsidiaries	0	0
Deferred tax assets, net	67,761	67,768
Other assets	173,956	105,251
Total assets	3,855,895	3,884,203
Liabilities
Accounts payable	66,605	81,313
Intercompany payables	0	0
Accrued expenses and other liabilities	319,791	335,149
Senior notes	1,412,463	1,410,804
Total liabilities	1,798,859	1,827,266
Equity
Total stockholders’ equity	2,057,023	2,056,924
Noncontrolling interests	13	13
Total equity	2,057,036	2,056,937	$ 1,964,248	$ 1,930,327
Total liabilities and equity	3,855,895	3,884,203
Reporting Entity | Guarantor Subsidiaries
Assets
Cash and cash equivalents	92,928	129,567
Receivables	37,618	35,003
Intercompany receivables	0	0
Real estate inventories	2,462,110	2,403,260
Investments in unconsolidated entities	4,191	5,410
Goodwill and other intangible assets, net	3,690	3,823
Investments in subsidiaries	0	0
Deferred tax assets, net	52,939	52,946
Other assets	153,062	92,267
Total assets	2,806,538	2,722,276
Liabilities
Accounts payable	54,632	67,880
Intercompany payables	858,286	758,501
Accrued expenses and other liabilities	225,143	223,247
Senior notes	0	0
Total liabilities	1,138,061	1,049,628
Equity
Total stockholders’ equity	1,668,464	1,672,635
Noncontrolling interests	13	13
Total equity	1,668,477	1,672,648
Total liabilities and equity	2,806,538	2,722,276
Reporting Entity | Issuer
Assets
Cash and cash equivalents	55,854	148,129
Receivables	20,616	16,589
Intercompany receivables	858,286	758,501
Real estate inventories	780,568	812,799
Investments in unconsolidated entities	0	0
Goodwill and other intangible assets, net	156,603	156,604
Investments in subsidiaries	1,668,464	1,672,635
Deferred tax assets, net	14,822	14,822
Other assets	20,894	12,984
Total assets	3,576,107	3,593,063
Liabilities
Accounts payable	11,973	13,433
Intercompany payables	0	0
Accrued expenses and other liabilities	94,648	111,902
Senior notes	1,412,463	1,410,804
Total liabilities	1,519,084	1,536,139
Equity
Total stockholders’ equity	2,057,023	2,056,924
Noncontrolling interests	0	0
Total equity	2,057,023	2,056,924
Total liabilities and equity	3,576,107	3,593,063
Consolidating Adjustments
Assets
Cash and cash equivalents	0	0
Receivables	0	0
Intercompany receivables	(858,286)	(758,501)
Real estate inventories	0	0
Investments in unconsolidated entities	0	0
Goodwill and other intangible assets, net	0	0
Investments in subsidiaries	(1,668,464)	(1,672,635)
Deferred tax assets, net	0	0
Other assets	0	0
Total assets	(2,526,750)	(2,431,136)
Liabilities
Accounts payable	0	0
Intercompany payables	(858,286)	(758,501)
Accrued expenses and other liabilities	0	0
Senior notes	0	0
Total liabilities	(858,286)	(758,501)
Equity
Total stockholders’ equity	(1,668,464)	(1,672,635)
Noncontrolling interests	0	0
Total equity	(1,668,464)	(1,672,635)
Total liabilities and equity	$ (2,526,750)	$ (2,431,136)

Supplemental Guarantor Inform_4

Supplemental Guarantor Information - Condensed Consolidating Statement of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Condensed Financial Statements Captions [Line Items]
Total revenues	$ 494,632	$ 583,676
Other operations expense	590	602
Sales and marketing	38,989	38,283
General and administrative	38,597	36,814
Homebuilding (loss) income from operations	(6,877)	56,689
Equity in loss of unconsolidated entities	(25)	(468)
Other income, net	6,241	171
Homebuilding (loss) income before income taxes	(661)	56,392
Equity in income of unconsolidated entities	775	1,002
Financial services income before income taxes	756	1,148
Income before income taxes	95	57,540
Equity of net income of subsidiaries	0	0
Provision for income taxes	(24)	(14,660)
Net income	71	42,880
Reporting Entity | Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Other operations expense	590	602
Sales and marketing	29,690	27,766
General and administrative	19,118	18,655
Homebuilding (loss) income from operations	(4,815)	54,000
Equity in loss of unconsolidated entities	(25)	(468)
Other income, net	101	32
Homebuilding (loss) income before income taxes	(4,739)	53,564
Equity in income of unconsolidated entities	775	1,002
Financial services income before income taxes	756	1,148
Income before income taxes	(3,983)	54,712
Equity of net income of subsidiaries	0	0
Provision for income taxes	(24)	(14,660)
Net income	(4,007)	40,052
Reporting Entity | Issuer
Condensed Financial Statements Captions [Line Items]
Other operations expense	0	0
Sales and marketing	9,299	10,517
General and administrative	19,479	18,159
Homebuilding (loss) income from operations	(2,062)	2,689
Equity in loss of unconsolidated entities	0	0
Other income, net	6,140	139
Homebuilding (loss) income before income taxes	4,078	2,828
Equity in income of unconsolidated entities	0	0
Financial services income before income taxes	0	0
Income before income taxes	4,078	2,828
Equity of net income of subsidiaries	(4,007)	40,052
Provision for income taxes	0	0
Net income	71	42,880
Consolidating Adjustments
Condensed Financial Statements Captions [Line Items]
Other operations expense	0	0
Sales and marketing	0	0
General and administrative	0	0
Homebuilding (loss) income from operations	0	0
Equity in loss of unconsolidated entities	0	0
Other income, net	0	0
Homebuilding (loss) income before income taxes	0	0
Equity in income of unconsolidated entities	0	0
Financial services income before income taxes	0	0
Income before income taxes	0	0
Equity of net income of subsidiaries	4,007	(40,052)
Provision for income taxes	0	0
Net income	4,007	(40,052)
Home sales
Condensed Financial Statements Captions [Line Items]
Home sales and Land and lot sales revenue	492,703	582,572
Cost of sales	421,536	450,502
Home sales | Reporting Entity | Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Home sales and Land and lot sales revenue	320,912	392,152
Cost of sales	276,461	291,447
Home sales | Reporting Entity | Issuer
Condensed Financial Statements Captions [Line Items]
Home sales and Land and lot sales revenue	171,791	190,420
Cost of sales	145,075	159,055
Home sales | Consolidating Adjustments
Condensed Financial Statements Captions [Line Items]
Home sales and Land and lot sales revenue	0	0
Cost of sales	0	0
Land and lots
Condensed Financial Statements Captions [Line Items]
Home sales and Land and lot sales revenue	1,029	223
Cost of sales	1,495	503
Land and lots | Reporting Entity | Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Home sales and Land and lot sales revenue	1,029	223
Cost of sales	1,495	503
Land and lots | Reporting Entity | Issuer
Condensed Financial Statements Captions [Line Items]
Home sales and Land and lot sales revenue	0	0
Cost of sales	0	0
Land and lots | Consolidating Adjustments
Condensed Financial Statements Captions [Line Items]
Home sales and Land and lot sales revenue	0	0
Cost of sales	0	0
Other operations
Condensed Financial Statements Captions [Line Items]
Total revenues	598	598
Other operations | Reporting Entity | Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Total revenues	598	598
Other operations | Reporting Entity | Issuer
Condensed Financial Statements Captions [Line Items]
Total revenues	0	0
Other operations | Consolidating Adjustments
Condensed Financial Statements Captions [Line Items]
Total revenues	0	0
Homebuilding
Condensed Financial Statements Captions [Line Items]
Total revenues	494,330	583,393
Homebuilding | Reporting Entity | Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Total revenues	322,539	392,973
Homebuilding | Reporting Entity | Issuer
Condensed Financial Statements Captions [Line Items]
Total revenues	171,791	190,420
Homebuilding | Consolidating Adjustments
Condensed Financial Statements Captions [Line Items]
Total revenues	0	0
Financial Services
Condensed Financial Statements Captions [Line Items]
Home sales and Land and lot sales revenue	302	283
Total revenues	302	283
Cost of sales	321	137
Financial Services | Reporting Entity | Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Home sales and Land and lot sales revenue	302	283
Cost of sales	321	137
Financial Services | Reporting Entity | Issuer
Condensed Financial Statements Captions [Line Items]
Home sales and Land and lot sales revenue	0	0
Cost of sales	0	0
Financial Services | Consolidating Adjustments
Condensed Financial Statements Captions [Line Items]
Home sales and Land and lot sales revenue	0	0
Cost of sales	$ 0	$ 0

Supplemental Guarantor Inform_5

Supplemental Guarantor Information - Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Cash flows from operating activities:
Net cash (used in) provided by operating activities	$ (114,925)	$ 49,886
Cash flows from investing activities:
Purchases of property and equipment	(7,224)	(2,170)
Proceeds from sale of property and equipment	7	0
Investments in unconsolidated entities	(231)	(947)
Intercompany	0	0
Net cash used in investing activities	(7,448)	(3,117)
Cash flows from financing activities:
Repayment of debt	(10)	0
Debt issuance costs	(3,124)	0
Distributions to noncontrolling interests	0	(1)
Proceeds from issuance of common stock under share-based awards	198	975
Minimum tax withholding paid on behalf of employees for share-based awards	(3,605)	(6,049)
Intercompany	0	0
Net cash used in financing activities	(6,541)	(5,075)
Net (decrease) increase in cash and cash equivalents	(128,914)	41,694
Cash and cash equivalents–beginning of period	277,696	282,914	$ 282,914
Cash and cash equivalents–end of period	148,782	324,608	277,696
Reporting Entity | Guarantor Subsidiaries
Cash flows from operating activities:
Net cash (used in) provided by operating activities	(129,979)	(2,907)
Cash flows from investing activities:
Purchases of property and equipment	(5,159)	(1,751)
Proceeds from sale of property and equipment	7	0
Investments in unconsolidated entities	(231)	(947)
Intercompany	0	0
Net cash used in investing activities	(5,383)	(2,698)
Cash flows from financing activities:
Repayment of debt	0
Debt issuance costs	0
Distributions to noncontrolling interests		(1)
Proceeds from issuance of common stock under share-based awards	0	0
Minimum tax withholding paid on behalf of employees for share-based awards	0	0
Intercompany	98,723	18,449
Net cash used in financing activities	98,723	18,448
Net (decrease) increase in cash and cash equivalents	(36,639)	12,843
Cash and cash equivalents–beginning of period	129,567	106,230	106,230
Cash and cash equivalents–end of period	92,928	119,073	129,567
Reporting Entity | Issuer
Cash flows from operating activities:
Net cash (used in) provided by operating activities	15,054	52,793
Cash flows from investing activities:
Purchases of property and equipment	(2,065)	(419)
Proceeds from sale of property and equipment	0	0
Investments in unconsolidated entities	0	0
Intercompany	(98,723)	(18,449)
Net cash used in investing activities	(100,788)	(18,868)
Cash flows from financing activities:
Repayment of debt	(10)
Debt issuance costs	(3,124)
Distributions to noncontrolling interests		0
Proceeds from issuance of common stock under share-based awards	198	975
Minimum tax withholding paid on behalf of employees for share-based awards	(3,605)	(6,049)
Intercompany	0	0
Net cash used in financing activities	(6,541)	(5,074)
Net (decrease) increase in cash and cash equivalents	(92,275)	28,851
Cash and cash equivalents–beginning of period	148,129	176,684	176,684
Cash and cash equivalents–end of period	55,854	205,535	148,129
Consolidating Adjustments
Cash flows from operating activities:
Net cash (used in) provided by operating activities	0	0
Cash flows from investing activities:
Purchases of property and equipment	0	0
Proceeds from sale of property and equipment	0	0
Investments in unconsolidated entities	0	0
Intercompany	98,723	18,449
Net cash used in investing activities	98,723	18,449
Cash flows from financing activities:
Repayment of debt	0
Debt issuance costs	0
Distributions to noncontrolling interests		0
Proceeds from issuance of common stock under share-based awards	0	0
Minimum tax withholding paid on behalf of employees for share-based awards	0	0
Intercompany	(98,723)	(18,449)
Net cash used in financing activities	(98,723)	(18,449)
Net (decrease) increase in cash and cash equivalents	0	0
Cash and cash equivalents–beginning of period	0	0	0
Cash and cash equivalents–end of period	$ 0	$ 0	$ 0

Uncategorized Items - tph-20190

Label	Element	Value
Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (7,354,000)
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (7,354,000)