Century Communities (CCS) 10-Q 7 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 04, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Entity Registrant Name	Century Communities, Inc.
Entity Central Index Key	1,576,940
Entity Filer Category	Non-accelerated Filer
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Trading Symbol	ccs
Entity Common Stock, Shares Outstanding		21,330,428

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 32,630	$ 33,462
Accounts receivable	13,431	13,799
Inventories	661,728	556,323
Prepaid expenses and other assets	37,571	28,796
Property and equipment, net	5,374	12,471
Deferred tax asset, net	2,917	1,359
Amortizable intangible assets, net	6,103	8,632
Goodwill	21,365	21,137
Total Assets	781,119	675,979
Liabilities:
Accounts payable	9,323	17,135
Accrued expenses and other liabilities	84,183	64,029
Notes payable and revolving line of credit	304,486	229,610
Total liabilities	$ 397,992	$ 310,774
Stockholders' equity:
Preferred Stock, $0.01 par value, 50,000,000 shares authorized, none outstanding
Common stock, $0.01 par value, 100,000,000 shares authorized, 21,335,580 and 20,875,547 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively	$ 213	$ 209
Additional paid-in capital	338,342	336,573
Retained earnings	44,572	28,423
Total stockholders' equity	383,127	365,205
Total liabilities and stockholders' equity	$ 781,119	$ 675,979

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Condensed Consolidated Balance Sheets [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock shares authorized (in shares)	50,000,000	50,000,000
Preferred stock shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock shares authorized (in shares)	100,000,000	100,000,000
Common stock shares issued (in shares)	21,335,580	20,875,547
Common stock shares outstanding (in shares)	21,335,580	20,875,547

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Home sales revenues	$ 186,808	$ 77,328	$ 341,143	$ 126,999
Land sales revenues	370		370
Golf course and other revenue	1,876	2,525	3,979	2,525
Total revenue	189,054	79,853	345,492	129,524
Costs and expenses
Cost of home sales revenues	150,225	58,197	275,031	95,470
Cost of land sales revenues	365		365
Cost of golf course and other revenue	1,662	2,154	3,168	2,154
Selling, general, and administrative	22,812	11,320	43,744	18,323
Total operating costs and expenses	175,064	71,671	322,308	115,947
Operating income	13,990	8,182	23,184	13,577
Other income (expense):
Interest income	21	68	37	137
Interest expense	(3)	(11)	(6)	(11)
Acquisition expense	(15)	(408)	(15)	(803)
Other income	308	129	625	257
Gain on disposition of assets	130	89	130	89
Income before income tax expense	14,431	8,049	23,955	13,246
Income tax expense	4,633	2,711	7,806	4,539
Net income	$ 9,798	$ 5,338	$ 16,149	$ 8,707
Earnings per share:
Basic and Diluted	$ 0.46	$ 0.30	$ 0.76	$ 0.50
Weighted average common shares outstanding:
Basic and Diluted	20,556,536	17,674,868	20,533,237	17,376,591

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating activities
Net income	$ 16,149	$ 8,707
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	2,270	1,190
Stock-based compensation expense	2,491	741
Deferred income tax benefit	(1,558)	(647)
Excess tax benefit on stock-based compensation		(32)
Gain on disposition of assets	(130)	(89)
Changes in assets and liabilities:
Accounts receivable	510	(6,615)
Inventories	(80,878)	(58,110)
Prepaid expenses and other assets	520	(2,826)
Accounts payable	(7,746)	880
Accrued expenses and other liabilities	(3,788)	4,680
Net cash used in operating activities	(72,160)	(52,121)
Investing activities
Purchases of property and equipment	(2,153)	(31)
Proceeds on sale of assets	1,148
Acquisitions of businesses		(165,379)
Net cash used in investing activities	(1,005)	(165,410)
Financing activities
Borrowings under revolving credit facilities	75,000	99,000
Payments on revolving credit facilities	(55,000)	(99,000)
Proceeds from issuance of senior notes	58,956	198,478
Proceeds from issuances of insurance premium notes	448
Principal payments on notes payable	(4,570)	(263)
Debt issuance costs	(1,784)	(5,132)
Net proceeds from issuances of common stock		82,141
Repurchases of common stock upon vesting of restricted stock awards	(717)
Excess tax benefit on stock-based compensation		32
Net cash provided by financing activities	72,333	275,256
Net increase (decrease) in cash and cash equivalents	(832)	57,725
Cash and cash equivalents, Beginning of period	33,462	109,998
Cash and cash equivalents, End of period	32,630	167,723
Non-cash investing and financing information
Note receivable from sale of Tuscany golf course	3,000
Supplemental cash flow disclosure
Cash paid for income taxes	9,273	4,514
Cash paid for interest, net of amounts capitalized	$ 6	$ 11

Basis Of Presentation

Basis Of Presentation	6 Months Ended
	Jun. 30, 2015
Basis Of Presentation [Abstract]
Basis Of Presentation	1. Basis of Presentation Century Communities, Inc. (“we” or the “Company”) is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in metropolitan areas in Colorado, Austin and San Antonio, Texas (which we refer to as “Central Texas”), Houston, Texas, Las Vegas, Nevada, and Atlanta, Georgia. Our homebuilding operations are organized into the following five operating segments based on the geographic markets in which we operate: Atlanta, Central Texas, Colorado, Houston and Nevada. In many of our projects, in addition to building homes, we are responsible for the entitlement and development of the underlying land. The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (which we refer to as “GAAP”) for interim financial statements and pursuant to the rules and regulations of the Securities and Exchange Commission (which we refer to as the “SEC”). In the o pinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments consisting of normal recurring adjustments necessary for a fair presentation of its financial position and results of operations. Interim results of operations are not necessarily indicative of the results that may be achieved for the full year. The financial statements and related notes do not include all information and footnotes required by GAAP and should be read in conjunction with the consolidated financial statements for the year ended December 31, 2014, which are included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2014 that was filed with the SEC on March 6, 2015. Principles of Consolidation The consolidated financial statements include the accounts of the Company, as well as all subsidiaries in which we have a controlling interest, and variable interest entities (which we refer to as “VIE’s”) for which the Company is deemed the primary beneficiary. All intercompany accounts and transactions have been eliminated. Reclassifications Certain prior period amounts have been reclassified to conform to our current year’s presentation. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Accordingly, actual results could differ from those estimates. Recently Issued Accounting Standards In January 2015, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2015-01, “Income Statement — Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.” ASU 2015-01 eliminates the concept of extraordinary items from GAAP, but the presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be retained and will be expanded to include items that are both unusual in nature and infrequently occurring. ASU 2015-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. A reporting entity may apply ASU 2015-01 prospectively. A reporting entity may also apply ASU 2015-01 retrospectively to all periods presented in the financial statements. Our adoption of ASU 2015-01 is not expected to have a material effect on our consolidated financial statements and related disclosures. In February 2015, the FASB issued ASU No. 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis.” ASU 2015-02 updates the analysis that a reporting entity must perform to determine whether to consolidate certain types of legal entities. ASU 2015-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. We do not intend to adopt ASU 2015-02 early, and the adoption thereof is not expected to have a material effect on our consolidated financial statements and related disclosures. In April 2015, the FASB issued ASU No. 2015-03, “Interest — Imputation of Interest (Subtopic 835-30).” ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015, and interim periods within fiscal years beginning after December 15, 2016. Early adoption is permitted for financial statements that have not been previously issued and the guidance should be applied retrospectively to each period presented. The adoption of ASU 2015-03 will require us to adjust our current presentation of debt issuance costs related to our Senior Notes on our consolidated balance sheets from prepaid expenses and other assets to a reduction of the related liability. We do not intend to adopt ASU 2015-03 early. In May 2015, the FASB issued ASU No. 2015-05, “Intangibles — Goodwill and Other — Internal-Use Software (Subtopic 350-40).” ASU 2015-05 will help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement. ASU 2015-05 is effective for public business entities for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted. We do not intend to adopt ASU 2015-05 early, and the adoption thereof is not expected to have a material effect on our consolidated financial statements.

Reporting Segments

Reporting Segments	6 Months Ended
	Jun. 30, 2015
Reporting Segments [Abstract]
Reporting Segments	2. Reporting Segments We have identified our Atlanta, Central Texas, Colorado, Houston, and Nevada divisions as reportable operating segments. Corporate is a non-operating segment, as it serves to support our homebuilding operations through functions such as our executive, finance, treasury, human resources, and accounting departments. The following tables summarize total revenue and income before income tax expense by operating segment (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Revenue: Atlanta $ $ — $ $ — Central Texas Colorado Houston — — Nevada Total revenue $ $ $ $ Total income before income tax expense: Atlanta $ $ — $ $ — Central Texas Colorado Houston — — Nevada Corporate Total income before income tax expense $ $ $ $ The following table summarizes total assets by operating segment (in thousands): June 30, December 31, 2015 2014 Atlanta $ $ Central Texas Colorado Houston Nevada Corporate Total assets $ $ Corporate assets include certain cash and cash equivalents, prepaid insurance, deferred financing costs, and certain property and equipment.

Inventory

Inventory	6 Months Ended
	Jun. 30, 2015
Inventory [Abstract]
Inventory	3. Inventories Inventories included the following (in thousands): June 30, December 31, 2015 2014 Homes under construction $ $ Land and land development Capitalized interest Total inventories $ $

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets	6 Months Ended
	Jun. 30, 2015
Prepaid Expenses and Other Assets [Abstract]
Prepaid Expenses and Other Assets	4. Prepaid Expenses and Other Assets Prepaid expenses and other assets included the following (in thousands): June 30, December 31, 2015 2014 Prepaid insurance $ $ Lot option and escrow deposits Performance deposits Deferred financing costs, net Restricted cash Secured note receivable — Assets held for sale — Other Total prepaid expenses and other assets $ $

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	6 Months Ended
	Jun. 30, 2015
Accrued Expenses and Other Liabilities [Abstract]
Accrued Expenses and Other Liabilities	5. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities included the following (in thousands): June 30, December 31, 2015 2014 Earnest money deposits $ $ Warranty reserve Accrued compensation costs Land development and home construction accruals Accrued interest Income taxes payable — Billings in excess of collections Real estate taxes payable Earnout liability Liabilities related to assets held for sale — Other Total accrued expenses and other liabilities $ $

Warranty Reserve

Warranty Reserve	6 Months Ended
	Jun. 30, 2015
Warranty Reserve [Abstract]
Warranty Reserve	6. Warranty Reserve Estimated future direct warranty costs are accrued and charged to cost of home sales revenues in the period when the related home sales revenues are recognized. Amounts accrued, which are included in accrued expenses and other liabilities on the consolidated balance sheets, are based upon historical experience rates. We subsequently assess the adequacy of our warranty accrual on a quarterly basis through an internal model that incorporates historical payment trends and adjust the amounts recorded if necessary. Based on favorable warranty payment trends relative to our estimates at the time of home closing, we reduced our warranty reserve by $0.6 million during the three months ended June 30, 2015, which is included as a reduction to cost of homes sales revenues on our consolidated statement of operations. The following table summarizes the changes in our warranty accrual for the three and six months ended June 30, 2015 and 2014 (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Beginning balance $ $ $ $ Warranty reserves assumed in business combinations — — Warranty expense provisions Payments Warranty adjustment — — Ending balance $ $ $ $

Notes Payable and Revolving Lin

Notes Payable and Revolving Line of Credit	6 Months Ended
	Jun. 30, 2015
Notes Payable and Revolving Line of Credit [Abstract]
Notes Payable and Revolving Line of Credit	7. Notes Payable and Revolving Line of Credit Notes payable and revolving line of credit included the following as of June 30, 2015 and December 31, 2014 (in thousands): June 30, December 31, 2015 2014 6.875% senior notes $ $ Revolving line of credit Land development notes Insurance premium notes Capital lease obligations — Total notes payable and revolving line of credit $ $ 6.875% senior notes In May 2014, we completed a private offering of $200.0 million in aggregate principal amount of 6.875% senior notes due 2022 (which we refer to as the “Initial Senior Notes”). The Initial Senior Notes were issued at a price equal to 99.239% of their principal amount, and we received net proceeds of approximately $193.3 million. In February 2015, we completed an offer to exchange $200.0 million in aggregate principal amount of our 6.875% senior notes due 2022 , which are registered under the Securities Act (which we refer to as the “Exchange Notes”), for all of the Initial Senior Notes. The terms of the Exchange Notes are identical in all material respects to the Initial Senior Notes, except that the Exchange Notes are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions applicable to the Initial Senior Notes do not apply to the Exchange Notes. The Exchange Notes carry a coupon of 6.875% per annum. The Exchange Notes are unsecured senior obligations which are guaranteed on an unsecured senior basis by certain of our current and future subsidiaries. The Exchange Notes contain certain restrictive covenants on issuing future secured debt and other transactions but do not contain financial covenants. The principal balance of the Exchange Notes is due May 2022 , with interest only payments due semi-annually in May and November of each year. In April 2015, we completed a private offering of an additional $60 million in aggregate principal amount of our 6.875% senior notes due 2022 (which we refer to as the "Additional Senior Notes") in reliance on Rule 144A and Regulation S under the Securities Act of 1933, as amended. The Additional Senior Notes were issued at a price equal to 98.26% of their principal amount, and we received net proceeds of approximately $58.6 million. The Additional Senior Notes are additional notes issued under the indenture pursuant to which the initial $200 million in aggregate principal amount of Initial Senior Notes were issued. In connection with the sale and issuance of the Additional Senior Notes, we entered into a registration rights agreement pursuant to which we agreed to effect a registered offer to exchange the Additional Senior Notes for new senior notes (which we refer to as the “Additional Exchange Notes”) having terms substantially identical in all material respects to the Additional Senior Notes, except that the Additional Exchange Notes will be registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions applicable to the Additional Senior Notes will not apply to the Additional Exchange Notes. The Exchange Notes and the Additional Senior Notes have substantially identical terms and are treated as a single series of notes under the indenture. Following consummation of the exchange offer contemplated under the registration rights agreement, we expect that the Additional Exchange Notes will bear the same CUSIP number as the Exchange Notes and will be fungible with the Exchange Notes. We refer to the Exchange Notes and the Additional Senior Notes, collectively, as the “Senior Notes.” Revolving line of credit On October 21, 2014, we entered into a credit agreement with Texas Capital Bank, National Association, as Administrative Agent and L/C Issuer, and the lenders from time to time party thereto (which we refer to as the “Credit Agreement”). The Credit Agreement provides us with a revolving line of credit of up to $120 million (which we refer to as the “Revolving Credit Facility”). Unless terminated earlier, the Revolving Credit Facility will mature on October 21, 2017 , and the principal amount thereunder, together with all accrued unpaid interest and other amounts owing thereunder, if any, will be payable in full on such date. We may request a 12 -month extension of the maturity date subject to the approval of the lenders and the Administrative Agent. Under the terms of the Credit Agreement, we are entitled to request an increase in the size of the Revolving Credit Facility by an amount not exceeding $80 million. If the existing lenders elect not to provide the full amount of a requested increase, we may invite one or more other lender(s) to become a party to the Credit Agreement, subject to the approval of the Administrative Agent and L/C Issuer. The Credit Agreement includes a letter of credit sublimit of $20 million. The obligations under the Revolving Credit Facility are guaranteed by substantially all of our operating subsidiaries. Borrowings under the Revolving Credit Facility bear interest at a floating rate equal to LIBOR plus an applicable margin between 2.75% and 3.25% per annum, or, in the Administrative Agent’s discretion, a base rate plus an applicable margin between 1.75% and 2.25% per annum. At June 30, 2015 , we had $40 million outstanding under the Credit Agreement, which accrued interest at 2.93% . Other financing obligations The Company has four land development notes with maturity dates ranging from September 2015 to April 2016 , with interest only payments ranging from 0.5% to 5.0%, and four insurance premium notes which accrue interest at 3.89% and have maturity dates ranging from November 2015 to March 2016 .

Interest

Interest	6 Months Ended
	Jun. 30, 2015
Interest [Abstract]
Interest	8. Interest Interest is capitalized to inventories while the related communities are being actively developed and until homes are completed. As our qualifying assets exceeded our outstanding debt during the three and six months ended June 30, 2015 and 2014 , we capitalized all interest costs incurred during these periods, except for interest incurred on capital leases of equipment related to our golf course operations. Our interest costs are as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Interest capitalized beginning of period $ $ $ $ Interest capitalized during period Less: capitalized interest in cost of sales Interest capitalized end of period $ $ $ $

2014 Business Combination

2014 Business Combination	6 Months Ended
	Jun. 30, 2015
2014 Business Combinations [Abstract]
2014 Business Combinations	9. 2014 Business Combinations Acquisition of Las Vegas Land Holdings, LLC On April 1, 2014, we purchased substantially all of the assets and operations of Las Vegas Land Holdings, LLC (which we refer to as “LVLH”), a homebuilder with operations in Las Vegas, Nevada, for a purchase price of approximately $165 million. The acquired assets consisted of 1,761 lots within five single-family communities in the greater Las Vegas, Nevada metropolitan area. The 1,761 lots included 57 homes in backlog, 17 model homes and three custom lots. In addition, we acquired two fully operational golf courses and two one-acre commercial plots. As the acquired assets and processes have the ability to create outputs in the form of revenue from the sale of single family residences, we concluded that the acquisition represents a business combination. We incurred $0.8 million in acquisition-related costs in connection with the purchase of LVLH. The following table summarizes the final estimate of the fair value of assets acquired and liabilities assumed as of the acquisition date (in thousands): Assets acquired and liabilities assumed Accounts receivable $ Inventories Prepaid expenses and other assets Property and equipment Amortizable intangible assets Goodwill Total assets $ Accounts payable Accrued expenses and other liabilities Notes payable and capital lease obligations Total liabilities $ Acquired inventories consist of both acquired land and work in process inventories. We determined the estimate of fair value for acquired land inventory with the assistance of a third party appraiser primarily using a forecasted cash flow approach for the development, marketing, and sale of each community acquired. Significant assumptions included in our estimate include future per lot development costs, construction and overhead costs, mix of products sold in each community as well as average sales price, and absorption rates. We estimated the fair value of acquired work in process inventories based upon the stage of production of each unit and a gross margin that we believe a market participant would require to complete the remaining development and requisite selling efforts. The stage of production, as of the acquisition date, ranged from finished lots to fully completed single family residences. We estimated a market participant would require a gross margin ranging from 7% to 24% based upon the stage of production of the individual lot. We determined the estimate of fair value for amortizable intangible assets, which includes a non-solicitation agreement, cell phone tower leases, and home plans, with the assistance of a third party valuation firm. Our estimate of the fair value of the non-solicitation agreement, cell phone tower leases, and homes plans was $1.4 million, $1.4 million and $0.3 million, respectively, which will be amortized over 2 years, 16.6 years, and 7 years, respectively. In total, amortizable intangible assets will be amortized over a weighted average life of 9.1 years. We determined that LVLH’s carrying costs approximated fair value for all other acquired assets and assumed liabilities. Goodwill includes the anticipated economic value of the acquired workforce. Approximately $10.5 million of goodwill is expected to be deductible for tax purposes. Acquisition of Grand View Builders On August 12, 2014, we purchased substantially all of the assets and operations of Grand View Builders (which we refer to as “Grand View”) in Houston, Texas for a purchase price of approximately $13 million and annual earnout payments based on a percentage of adjusted pre-tax income over the next two years. As the acquired assets and processes have the ability to create outputs in the form of revenue from the sale of single family residences, we concluded that the acquisition represents a business combination. We incurred $0.1 million in acquisition-related costs in connection with the purchase of Grand View. The following table summarizes the final estimate of the fair value of assets acquired and liabilities assumed as of the acquisition date (in thousands): Assets acquired and liabilities assumed Accounts receivable $ Inventories Prepaid expenses and other assets Property and equipment Amortizable intangible assets Goodwill Total assets $ Accrued expenses and other liabilities (inclusive of earnout liability) Total liabilities $ Acquired inventories consist of both acquired land, work in process and model inventories. We determined the fair value for acquired inventories on a lot by lot basis primarily using a forecasted cash flow approach for the development, marketing, and sale of each lot acquired. Significant assumptions included in our estimate include future construction and overhead costs, sales price, and absorption rates. We estimated the fair value of acquired work in process inventories based upon the stage of production of each unit and a gross margin that we believe a market participant would require to complete the remaining development and requisite selling efforts. The stage of production, as of the acquisition date, ranged from finished lots to fully completed single family residences. We estimated a market participant would require a gross margin ranging from 6% to 18% based upon the stage of production of the individual lot. We determined the estimate of fair value for amortizable intangible assets, which includes a non-compete agreement, a trade name, home plans, and a backlog associated with certain custom home contracts, with the assistance of a third party valuation firm. Our estimate of the fair value of the non-compete agreement, trade name, home plans and backlog was $0.5 million, $1.0 million, $0.1 million, and $0.2 million respectively, which will be amortized over 4 years, 2 years, 7 years, and 1.5 years, respectively. In total, amortizable intangible assets will be amortized over a weighted average life of 2.8 years. The fair value of the earnout on the acquisition date of $2.5 million was determined with the assistance of a third party valuation firm based on probability weighting scenarios and discounting the potential payments which range from $0 to a maximum of $5.3 million. The maximum earnout amount is subject to downward reductions of up to $1.5 million based on the number of future lots acquired over the next two years in our Houston division. The earnout liability is included in accrued expenses and other liabilities on the consolidated balance sheets. We determined that Grand View’s carrying costs approximated fair value for all other acquired assets and assumed liabilities. Goodwill includes the anticipated economic value of the acquired workforce. Approximately $3.7 million of goodwill is expected to be deductible for tax purposes. During the six months ended June 30, 2015 , we recorded measurement period adjustments, which decreased the estimated value of amortizable intangible assets by $0.5 million and decreased the estimated value of inventories by $0.2 million, resulting in an increase in goodwill of $0.7 million. The measurement period adjustments also resulted in a decrease of $0.1 million for the six months ended June 30, 2015 to selling, general, and administrative expenses and a reduction of $0.2 million to cost of home sales revenues on the consolidated statements of operations. Acquisition of Peachtree On November 13, 2014, we acquired substantially all the assets and operations of Peachtree Communities Group, Inc. and its affiliates and subsidiaries (which we refer to as “Peachtree”) , a leading homebuilder in Atlanta, Georgia, for approximately $57 million in cash. The acquired assets include land, homes under construction, model homes and lot option contacts in 36 communities in the greater Atlanta area. As a result of the acquisition, we obtained ownership or control of 2,120 lots in the greater Atlanta market. As the acquired assets and processes have the ability to create outputs in the form of revenue from the sale of single family residences, we concluded that the acquisition represents a business combination. We incurred $0.5 million in acquisition-related costs in connection with the purchase of Peachtree. The following table summarizes the final estimate of the fair value of the assets acquired and liabilities assumed as of the acquisition date (in thousands): Assets acquired and liabilities assumed Accounts receivable $ Inventories Prepaid expenses and other assets Property and equipment Amortizable intangible assets Goodwill Total assets $ Accounts payable Accrued expenses and other liabilities Total liabilities $ Acquired inventories primarily consist of work in process homebuilding inventory in various stages of construction and do not include significant amounts of land held for future development. Accordingly, we estimated the fair value based upon the stage of production of each unit and a gross margin that we believe a market participant would require to complete the remaining development and requisite selling efforts. The stage of production, as of the acquisition date, ranged from finished lots to fully completed single family residences. We estimated a market participant would require a gross margin ranging from 6% to 18% based upon the stage of production of the individual lot. Due to the nature of these estimates combined with uncertainties in the estimation process and the significant volatility in demand for new housing, actual results could differ significantly from such estimates. Intangible assets consist of a non-compete agreement with the former owner of Peachtree, acquired home plans and acquired lot option agreements. The non-compete agreement was valued using a with and with-out approach which estimates the impact on future cash flows with and with-out the non-compete agreement. The difference between the projected cash flows is then discounted in order to estimate the fair value of the non-compete agreement. We estimated a fair value of $3.2 million for the non-compete agreement. Acquired home plans were valued using a replacement cost approach, which resulted in an estimated fair value of $0.2 million. The fair value of the acquired lot option agreements o f $0.6 million was es timated based upon the difference between the contractual lot option purchase prices and the estimated fair value of similar lots on the acquisition date. The non-compete agreement, home plans and lot option agreements will be amortized over 5 , 7 and 3 years, respectively. In total, amortizable intangible assets will be amortized over a weighted average life of 4.8 years. We determined that Peachtree’s carrying costs approximated fair value for all other acquired assets and assumed liabilities. Goodwill includes the anticipated economic value of the acquired workforce. Approximately $17.1 million of goodwill is expected to be deductible for tax purposes. During the three months ended June 30, 2015, we recorded a measurement period adjustment, which increased the estimated value of amortizable intangible assets and decreased the fair value of goodwill by $0.6 million. The measurement period adjustment also resulted in an increase of $0.1 million for the three and six months ended June 30, 2015 to cost of home sales revenues on our consolidated statements of operations. Pro forma Financial Information No pro forma financial information is required for the three and six months ended June 30, 2015 , as our acquisitions of LVLH, Grand View, and Peachtree occurred during 2014. Pro forma financial information for the three and six months ended June 30, 2014 gives effect to and includes the results of our acquisitions of LVLH, Grand View, and Peachtree as if the acquisitions occurred at January 1, 2014. Pro forma income before income tax expense adjusts the operating results of LVLH, Grand View, and Peachtree to reflect the additional costs that would have been recorded assuming the fair value adjustments had been applied as of the beginning of the period presented. The following summarizes pro forma financial information for the three and six months ended June 30, 2014 (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2014 2014 Pro forma revenue $ $ Pro forma income before income tax expense Pro forma income tax expense Pro forma net income

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Taxes [Abstract]
Income Taxes	10. Income Taxes At the end of each interim period we are required to estimate our annual effective tax rate for the fiscal year, and use that rate to provide for income taxes for the current year-to-date reporting period. Accordingly, we recorded income tax expense of $4.6 million, and $2.7 million for the three months ended June 30, 2015 and 2014 , respectively. For the six months ended June 30, 2015 and 2014, we recorded $7.8 million and $4.5 million of income tax expense, respectively. Our income tax expense for the three and six months ended June 30, 2015 is based on our estimated annual effective tax rate of approximately 34.4% and certain discreet items, which benefited our effective tax rate by approximately 1.9% and 1.4% for the three and six months ended June 30, 2015, respectively.

Fair Value Disclosures

Fair Value Disclosures	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures	11. Fair Value Disclosures ASC 820, Fair Value Measurement , 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. The following table presents carrying values and estimated fair values of financial instruments (in thousands): June 30, 2015 December 31, 2014 Hierarchy Carrying Fair Value Carrying Fair Value Secured note receivable (1) Level 2 $ $ $ — $ — 6.875% senior notes (2) Level 2 $ $ $ $ Revolving line of credit (3) Level 2 Land development notes (4) Level 2 Insurance premium notes (3) Level 2 Capital lease obligations (3) Level 2 — — Total notes payable and revolving line of credit $ $ $ $ Earnout liability (5) Level 3 $ $ $ $ (1) The carrying amount approximates fair value as the secured note was received in connection with the disposition of the golf course in our Tuscany community in our Nevada operating segment in May 2015 at terms that considered the underlying risks of the note. (2) Estimated fair value of the Initial Senior Notes at December 31, 2014 was based on a cash flow model discounted at market interest rates that considered underlying risks of the debt. At June 30, 2015, the fair values of the Senior Notes also incorporated recent trading activity of the Exchange Notes and Additional Senior Notes in inactive markets. (3) Carrying amount approximates fair value due to short-term nature and interest rate terms. (4) The estimated fair values of the land development notes at June 30, 2015 and December 31, 2014 were based on cash flow models discounted at market interest rates that considered underlying risks of the debt. (5) Recognized in connection with the acquisition of Grand View on August 12, 2014. A Monte Carlo model was used to value the earnout by simulating earnings, applying the terms of the earnout in each simulated path, determining the average payment in each year across all the trials of the simulation, and calculating the sum of the present values of the payments in each year. The primary inputs and key assumptions of this Monte Carlo model included a range of forecasted revenue and gross margin scenarios which increased and decreased by 10.1% from our base case and discount rates ranging from 5.1% to 6.3% . We decreased the liability by $0.5 million and $0.7 million during the three and six months ended June 30, 2015 , respectively, to adjust the carrying value of the earnout to fair value. The decrease is included as a reduction to selling, general and administrative expense on our consolidated statement of operations. The carrying amount of cash and cash equivalents approximates fair value. Non-financial assets and liabilities include items such as inventory and long-lived assets that are measured at fair value when acquired and resulting from impairment, if deemed necessary.

Stock Based Compensation

Stock Based Compensation	6 Months Ended
	Jun. 30, 2015
Stock Based Compensation [Abstract]
Stock Based Compensation	12. Stock-Based Compensation Our authorized capital stock consists of 100.0 million shares of common stock, $ 0.01 par value per share, and 50.0 million shares of preferred stock, $ 0.01 par value. As of June 30, 2015 and December 31, 2014 , there were 20.6 and 20. 5 million shares of common stock issued and outstanding , respectively, exclusive of the restricted common stock issued. We also have reserved a total of 1.8 million shares of our common stock for issuance under our First Amended & Restated 2013 Long-Term Incentive Plan, including outstanding awards. During the three months ended June 30, 2015 , we issued 15 thousand shares of restricted common stock awards with a weighted average grant date fair value of $ 19.41 per share. The awards vest over a three year period from the grant date. During the six months ended June 30, 2015, we issued 0.5 million shares of restricted common stock awards with a weighted average grant date fair value of $16.92 per share. The awards vest over a three year period from the grant date. As of June 30, 2015 , 0.8 million shares of restricted common stock were unvested, and $ 11.8 million of unrecognized compensation costs is expected to be recognized over a weighted average period of 2.3 years. During the three months ended June 30, 2015 and 2014 , we recognized stock-based compensation expense of $ 1.4 million and $ 0.4 million, respectively. During the six months ended June 30, 2015 and 2014, we recognized stock-based compensation expense of $ 2.5 million and $ 0.7 million, respectively. Stock-based compensation expense is included in selling, general, and administrative on our consolidated statements of operations.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	13. Earnings Per Share We use the two-class method of calculating earnings per share (which we refer to as “EPS”) as our non-vested restricted stock awards have non-forfeitable rights to dividends and, accordingly, represent a participating security. The two-class method is an earnings allocation method under which EPS is calculated for each class of common stock and participating security considering both dividends declared (or accumulated) and participation rights in undistributed earnings as if all such earnings had been distributed during the period. The following table sets forth the computation of basic and diluted EPS for the three and six months ended June 30, 2015 and 2014 (in thousands, except share and per share information): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Numerator Net income $ $ $ $ Less: Undistributed earnings allocated to participating securities Net income allocable to common stockholders $ $ $ $ Denominator Weighted average common shares outstanding - basic and diluted: Earnings per share: Basic and diluted $ $ $ $

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies [Abstract]
Commitments and Contingencies	14. Commitments and Contingencies Letters of Credit and Performance Bonds In the normal course of business, the Company posts letters of credit and performance bonds related to our land development performance obligations with local municipalities. As of June 30, 2015 and December 31, 2014 , we had $39.3 million and $34.0 million, respectively, in letters of credit and performance bonds issued and outstanding. Litigation The Company is subject to claims and lawsuits that arise primarily in the ordinary course of business, which consist primarily of construction defect claims. It is the opinion of management that if the claims have merit, parties other than the Company would be, at least in part, liable for the claims, and eventual outcome of these claims will not have a material adverse effect upon our consolidated financial condition, results of operations, or cash flows. When we believe that a loss is probable and estimable, we record a charge to selling, general, and administrative on our consolidated statements of operations for our estimated loss. We do not believe that the ultimate resolution of any claims and lawsuits will have a material adverse effect upon our consolidated financial position, results of operations, or cash flow.

Disposition of Golf Courses

Disposition of Golf Courses	6 Months Ended
	Jun. 30, 2015
Disposition of Golf Courses [Abstract]
Disposition of Golf Courses	15. Disposition of Golf Courses On May 26, 2015, we disposed of the operations of the golf course in our Tuscany community in our Nevada operating segment for total consideration of $4.0 million, which included $1.0 million in cash and a $3.0 million secured note, and resulted in a gain on sale of $2 thousand. The secured note accrues interest at rates ranging from 4.5% to 5.5% per annum and requires monthly payments of principal and interest with a balloon payment of $2.5 million of principal in May of 2020 . On May 19, 2015, we initiated our rights under a fixed price put option to dispose of the golf course in our Rhodes Ranch community in our Nevada operating segment for $5.9 million. The fixed price put option requires closing to occur on or before June 1, 2016 . Accordingly, the assets and liabilities of the Rhodes Ranch golf course have been classified as held for sale and presented in prepaid expenses and other assets and accrued expenses and other liabilities on the consolidated balance sheet as of June 30, 2015.

Supplemental Guarantor Informat

Supplemental Guarantor Information	6 Months Ended
	Jun. 30, 2015
Supplemental Guarantor Information [Abstract]
Supplemental Guarantor Information	16. Supplemental Guarantor Information In May 2014 and April 2015, we completed private offerings of $200.0 million and $60.0 million, respectively, in aggregate principal amount of our 6.875% senior notes due 2022 (which we refer to collectively as the “Senior Notes”). The Senior Notes are unsecured senior obligations of the Company (which we refer to as “CCS”), which are fully and unconditionally guaranteed on an unsecured basis, jointly and severally, by substantially all of our operating subsidiaries (which we refer to as “Guarantors”), which are wholly owned subsidiaries of the Company. The Indenture governing the Senior Notes provides that the guarantees of a Guarantor will be automatically and unconditionally released and discharged: (1) upon any sale, transfer, exchange or other disposition (by merger, consolidation or otherwise) of all of the equity interests of such Guarantor after which the applicable Guarantor is no longer a “Restricted Subsidiary” (as defined in the Indenture), which sale, transfer, exchange or other disposition does not constitute an “Asset Sale” (as defined in the Indenture) or is made in compliance with applicable provisions of the Indenture; (2) upon any sale, transfer, exchange or other disposition (by merger, consolidation or otherwise) of all of the assets of such Guarantor, which sale, transfer, exchange or other disposition does not constitute an Asset Sale or is made in compliance with applicable provisions of the Indenture; provided, that after such sale, transfer, exchange or other disposition, such Guarantor is an “Immaterial Subsidiary” (as defined in the Indenture); (3) unless a default has occurred and is continuing, upon the release or discharge of such Guarantor from its guarantee of any indebtedness for borrowed money of the Company and the Guarantors so long as such Guarantor would not then otherwise be required to provide a guarantee pursuant to the Indenture; provided that if such Guarantor has incurred any indebtedness in reliance on its status as a Guarantor in compliance with applicable provisions of the Indenture, such Guarantor’s obligations under such indebtedness, as the case may be, so incurred are satisfied in full and discharged or are otherwise permitted to be incurred by a Restricted Subsidiary (other than a Guarantor) in compliance with applicable provisions of the Indenture; (4) upon the designation of such Guarantor as an “Unrestricted Subsidiary” (as defined in the Indenture), in accordance with the Indenture; (5) if the Company exercises its legal defeasance option or covenant defeasance option under the Indenture or if the obligations of the Company and the Guarantors are discharged in compliance with applicable provisions of the Indenture, upon such exercise or discharge; or (6) in connection with the dissolution of such Guarantor under applicable law in accordance with the Indenture. As the guarantees were made in connection with the May 2014 and April 2015 private offerings of the Senior Notes, the Guarantors’ condensed financial information is presented as if the guarantees existed during the periods presented. If any Guarantors are released from the guarantees in future periods, the changes are reflected prospectively. In February 2015, we completed an offer to exchange $200.0 million in aggregate principal amount of our 6.875% Senior Notes due 2022, which are registered under the Securities Act (which we refer to as the “Exchange Notes”), for all of the Initial Senior Notes sold and issued in the May 2014 private offering. The terms of the Exchange Notes are identical in all material respects to the Initial Senior Notes, except that the Exchange Notes are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions applicable to the Initial Senior Notes do not apply to the Exchange Notes. We have determined that separate, full financial statements of the Guarantors would not be material to investors and, accordingly, supplemental financial information is presented below: Supplemental Condensed Consolidated Balance Sheet As of June 30, 2015 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Assets Cash and cash equivalents $ $ $ — $ — $ Accounts receivable — — Investment in subsidiaries — — — Inventories — — — Prepaid expenses and other assets — — Property and equipment, net — — Deferred tax asset, net — — — Amortizable intangible assets, net — — — Goodwill — — — Total assets $ $ $ — $ $ Liabilities and stockholders’ equity Liabilities: Accounts payable $ — $ $ — $ — $ Accrued expenses and other liabilities — — Note payable and revolving line of credit — — Total liabilities — — Stockholders’ equity: — Total liabilities and stockholders’ equity $ $ $ — $ $ Supplemental Condensed Consolidated Balance Sheet As of December 31, 2014 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Assets Cash and cash equivalents $ $ $ — $ — $ Accounts receivable — — Investment in subsidiaries — — — Inventories — — — Prepaid expenses and other assets — — Property and equipment, net — — Deferred tax asset, net — — — Amortizable intangible assets, net — — — Goodwill — — — Total assets $ $ $ — $ $ Liabilities and stockholders’ equity Liabilities: Accounts payable $ $ $ — $ — $ Accrued expenses and other liabilities — — Note payable and revolving line of credit — — Total liabilities — — Stockholders’ equity: — Total liabilities and stockholders’ equity $ $ $ — $ $ Supplemental Condensed Consolidated Statement of Operations For the Three Months Ended June 30, 2015 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Revenue Home sales revenues $ — $ $ — $ — $ Land sales revenues — — — Golf course and other revenue — — — Total revenue — — — Costs and expenses Cost of homes sales revenues — — — Cost of land sales revenues — — — Cost of golf course and other revenue — — — Selling, general and administrative — — Total operating costs and expenses — — Operating income — — Other income (expense) Equity in earnings from consolidated subsidiaries — — — Interest income — — Interest expense — — — Acquisition expense — — — Other income — — — Gain on disposition of assets — — — Income before income tax expense — Income tax expense — — Net income $ $ $ — $ $ Supplemental Condensed Consolidated Statement of Operations For the Three Months Ended June 30, 2014 (in thousands) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Revenue Home sales revenues $ — $ $ — $ — $ Land sales revenues — — — — — Golf course and other revenue — — — Total revenue — — — Cost of home sale revenues Cost of homes sales revenues — — — Cost of land sales revenues — — — — — Cost of golf course and other revenue — — — Selling, general and administrative — — Total operating costs and expenses — — Operating income — — Other income (expense) Equity in earnings from consolidated subsidiaries — — — Interest income — — — Interest expense — — — Acquisition expense — — — Other income — — — Gain on disposition of assets — — — Income before income tax expense — Income tax expense — — Net income $ $ $ — $ $ Supplemental Condensed Consolidated Statement of Operations For the Six Months Ended June 30, 2015 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Revenue Home sales revenues $ — $ $ — $ — $ Land sales revenues — — — Golf course and other revenue — — — Total revenue — — — Costs and expenses Cost of homes sales revenues — — — Cost of land sales revenues — — — Cost of golf course and other revenue — — — Selling, general and administrative — — Total operating costs and expenses — — Operating income — — Other income (expense) Equity in earnings from consolidated subsidiaries — — — Interest income — — Interest expense — — — Acquisition expense — — — Other income — — — Gain on disposition of assets — — — Income before income tax expense — Income tax expense — — Net income $ $ $ — $ $ Supplemental Condensed Consolidated Statement of Operations For the Six Months Ended June 30, 2014 (in thousands) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Revenue Home sales revenues $ — $ $ — $ — $ Land sales revenues — — — — — Golf course and other revenue — — — Total revenue — — — Cost of home sale revenues Cost of homes sales revenues — — — Cost of land sales revenues — — — — — Cost of golf course and other revenue — — — Selling, general and administrative — — Total operating costs and expenses — — Operating income — — Other income (expense) Equity in earnings from consolidated subsidiaries — — Interest income — — — Interest expense — — — Acquisition expense — — — Other income — — — Gain on disposition of assets — — — Income before income tax expense — Income tax expense — — Net income $ $ $ — $ $ Supplemental Condensed Consolidated Statement of Cash Flows For the Six Months Ended June 30, 2015 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Net cash used in operating activities $ $ $ — $ — $ Net cash used in investing activities $ $ $ — $ $ Financing activities Borrowings under revolving credit facilities $ $ — $ — $ — $ Payments on revolving credit facilities — — — Proceeds from issuance of senior notes — — — Proceeds from issuance of insurance premium notes — — — Principal payments on notes payable — — — Debt issuance costs — — — Repurchases of common stock upon vesting of restricted stock awards — — — Payments from (and advances to) parent/subsidiary — — — Net cash provided by financing activities $ $ $ — $ $ Net increase (decrease) in cash and cash equivalents $ $ $ — $ — $ Cash and cash equivalents Beginning of period $ $ $ — $ $ End of period $ $ $ — $ — $ Supplemental Condensed Consolidated Statement of Cash Flows For the Six Months Ended June 30, 2014 (in thousands) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Net cash used in operating activities $ $ $ — $ — $ Net cash used in investing activities $ $ $ — $ $ Financing activities Borrowings under revolving credit facilities $ $ — $ — $ — $ Payments on revolving credit facilities — Proceeds from issuance of senior notes Principal payments on notes payable — — — Debt issuance costs — — — Net proceeds from issuances of common stock — Excess tax benefit on stock-based compensation Payments from (and advances to) parent/subsidiary — — — Net cash provided by financing activities $ $ $ — $ $ Net increase (decrease) in cash and cash equivalents $ $ $ — $ — $ Cash and cash equivalents Beginning of period — — End of period $ $ $ — $ — $

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	17. Subsequent Events On July 31 , 2015, we entered into a First Modification Agreement (the “ First Modification Agreement ”) with Texas Capital Bank, National Association, as Administrative Agent, the lenders party thereto, and the subsidiary guarantors of the Company party thereto. The First Modification Agreement modifies the Credit Agreement, which provided us with a revolving line of credit of up to $120 million. The First Modification Agreement, among other things, (i) increases the Credit Facility from $120 million to $200 million, (ii) extends the maturity date of the Credit Facility from October 21, 2017 to October 21, 2018 , (iii) admits Bank of America, N.A. as a new lender under the Credit Facility, and (iv) provides an option for the Company to request, from time to time, an additional increase in the amount of the Credit Facility of up to $100 million, subject to the terms and conditions of the First Modification Agreement and the Credit Agreement.

Basis Of Presentation (Policy)

Basis Of Presentation (Policy)	6 Months Ended
	Jun. 30, 2015
Basis Of Presentation [Abstract]
Basis of Presentation	Basis of Presentation Century Communities, Inc. (“we” or the “Company”) is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in metropolitan areas in Colorado, Austin and San Antonio, Texas (which we refer to as “Central Texas”), Houston, Texas, Las Vegas, Nevada, and Atlanta, Georgia. Our homebuilding operations are organized into the following five operating segments based on the geographic markets in which we operate: Atlanta, Central Texas, Colorado, Houston and Nevada. In many of our projects, in addition to building homes, we are responsible for the entitlement and development of the underlying land. The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (which we refer to as “GAAP”) for interim financial statements and pursuant to the rules and regulations of the Securities and Exchange Commission (which we refer to as the “SEC”). In the o pinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments consisting of normal recurring adjustments necessary for a fair presentation of its financial position and results of operations. Interim results of operations are not necessarily indicative of the results that may be achieved for the full year. The financial statements and related notes do not include all information and footnotes required by GAAP and should be read in conjunction with the consolidated financial statements for the year ended December 31, 2014, which are included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2014 that was filed with the SEC on March 6, 2015.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company, as well as all subsidiaries in which we have a controlling interest, and variable interest entities (which we refer to as “VIE’s”) for which the Company is deemed the primary beneficiary. All intercompany accounts and transactions have been eliminated.
Reclassifications	Reclassifications Certain prior period amounts have been reclassified to conform to our current year’s presentation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Accordingly, actual results could differ from those estimates.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In January 2015, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2015-01, “Income Statement — Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.” ASU 2015-01 eliminates the concept of extraordinary items from GAAP, but the presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be retained and will be expanded to include items that are both unusual in nature and infrequently occurring. ASU 2015-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. A reporting entity may apply ASU 2015-01 prospectively. A reporting entity may also apply ASU 2015-01 retrospectively to all periods presented in the financial statements. Our adoption of ASU 2015-01 is not expected to have a material effect on our consolidated financial statements and related disclosures. In February 2015, the FASB issued ASU No. 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis.” ASU 2015-02 updates the analysis that a reporting entity must perform to determine whether to consolidate certain types of legal entities. ASU 2015-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. We do not intend to adopt ASU 2015-02 early, and the adoption thereof is not expected to have a material effect on our consolidated financial statements and related disclosures. In April 2015, the FASB issued ASU No. 2015-03, “Interest — Imputation of Interest (Subtopic 835-30).” ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015, and interim periods within fiscal years beginning after December 15, 2016. Early adoption is permitted for financial statements that have not been previously issued and the guidance should be applied retrospectively to each period presented. The adoption of ASU 2015-03 will require us to adjust our current presentation of debt issuance costs related to our Senior Notes on our consolidated balance sheets from prepaid expenses and other assets to a reduction of the related liability. We do not intend to adopt ASU 2015-03 early. In May 2015, the FASB issued ASU No. 2015-05, “Intangibles — Goodwill and Other — Internal-Use Software (Subtopic 350-40).” ASU 2015-05 will help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement. ASU 2015-05 is effective for public business entities for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted. We do not intend to adopt ASU 2015-05 early, and the adoption thereof is not expected to have a material effect on our consolidated financial statements.

Reporting Segments (Tables)

Reporting Segments (Tables)	6 Months Ended
	Jun. 30, 2015
Reporting Segments [Abstract]
Schedule of Home Sale Revenues and Pretax Income by Segment	Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Revenue: Atlanta $ $ — $ $ — Central Texas Colorado Houston — — Nevada Total revenue $ $ $ $ Total income before income tax expense: Atlanta $ $ — $ $ — Central Texas Colorado Houston — — Nevada Corporate Total income before income tax expense $ $ $ $
Schedule of Total Assets by Segment	June 30, December 31, 2015 2014 Atlanta $ $ Central Texas Colorado Houston Nevada Corporate Total assets $ $

Inventory (Tables)

Inventory (Tables)	6 Months Ended
	Jun. 30, 2015
Inventory [Abstract]
Schedule of Inventories	June 30, December 31, 2015 2014 Homes under construction $ $ Land and land development Capitalized interest Total inventories $ $

Prepaid Expenses and Other As26

Prepaid Expenses and Other Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Prepaid Expenses and Other Assets [Abstract]
Schedule of Prepaid Expenses and Other Assets	June 30, December 31, 2015 2014 Prepaid insurance $ $ Lot option and escrow deposits Performance deposits Deferred financing costs, net Restricted cash Secured note receivable — Assets held for sale — Other Total prepaid expenses and other assets $ $

Accrued Expenses and Other Li27

Accrued Expenses and Other Liabilities (Tables)	6 Months Ended
	Jun. 30, 2015
Accrued Expenses and Other Liabilities [Abstract]
Schedule of Accrued Expenses and Other Liabilities	June 30, December 31, 2015 2014 Earnest money deposits $ $ Warranty reserve Accrued compensation costs Land development and home construction accruals Accrued interest Income taxes payable — Billings in excess of collections Real estate taxes payable Earnout liability Liabilities related to assets held for sale — Other Total accrued expenses and other liabilities $ $

Warranty Reserve (Tables)

Warranty Reserve (Tables)	6 Months Ended
	Jun. 30, 2015
Warranty Reserve [Abstract]
Schedule Of Changes in Warranty Accrual	Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Beginning balance $ $ $ $ Warranty reserves assumed in business combinations — — Warranty expense provisions Payments Warranty adjustment — — Ending balance $ $ $ $

Notes Payable and Revolving L29

Notes Payable and Revolving Line of Credit (Tables)	6 Months Ended
	Jun. 30, 2015
Notes Payable and Revolving Line of Credit [Abstract]
Schedule of Notes Payable and Revolving Loan Agreement	June 30, December 31, 2015 2014 6.875% senior notes $ $ Revolving line of credit Land development notes Insurance premium notes Capital lease obligations — Total notes payable and revolving line of credit $ $

Interest (Tables)

Interest (Tables)	6 Months Ended
	Jun. 30, 2015
Interest [Abstract]
Schedule of Interest Costs	Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Interest capitalized beginning of period $ $ $ $ Interest capitalized during period Less: capitalized interest in cost of sales Interest capitalized end of period $ $ $ $

2014 Business Combinations (Tab

2014 Business Combinations (Tables)	6 Months Ended
	Jun. 30, 2015
Pro Forma Financial Information [Abstract]
Schedule of Pro Forma Information	Three Months Ended Six Months Ended June 30, June 30, 2014 2014 Pro forma revenue $ $ Pro forma income before income tax expense Pro forma income tax expense Pro forma net income
Las Vegas Land Holdings [Member]
2014 Business Combinations [Line Items]
Schedule of Preliminary Recognized Assets Acquired and Liabilities Assumed	Assets acquired and liabilities assumed Accounts receivable $ Inventories Prepaid expenses and other assets Property and equipment Amortizable intangible assets Goodwill Total assets $ Accounts payable Accrued expenses and other liabilities Notes payable and capital lease obligations Total liabilities $
Grand View Builders Inc. [Member]
2014 Business Combinations [Line Items]
Schedule of Preliminary Recognized Assets Acquired and Liabilities Assumed	Assets acquired and liabilities assumed Accounts receivable $ Inventories Prepaid expenses and other assets Property and equipment Amortizable intangible assets Goodwill Total assets $ Accrued expenses and other liabilities (inclusive of earnout liability) Total liabilities $
Peachtree Communities [Member]
2014 Business Combinations [Line Items]
Schedule of Preliminary Recognized Assets Acquired and Liabilities Assumed	Assets acquired and liabilities assumed Accounts receivable $ Inventories Prepaid expenses and other assets Property and equipment Amortizable intangible assets Goodwill Total assets $ Accounts payable Accrued expenses and other liabilities Total liabilities $

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of Carrying Values and Estimated Fair Values of Financial Instruments	June 30, 2015 December 31, 2014 Hierarchy Carrying Fair Value Carrying Fair Value Secured note receivable (1) Level 2 $ $ $ — $ — 6.875% senior notes (2) Level 2 $ $ $ $ Revolving line of credit (3) Level 2 Land development notes (4) Level 2 Insurance premium notes (3) Level 2 Capital lease obligations (3) Level 2 — — Total notes payable and revolving line of credit $ $ $ $ Earnout liability (5) Level 3 $ $ $ $ (1) The carrying amount approximates fair value as the secured note was received in connection with the disposition of the golf course in our Tuscany community in our Nevada operating segment in May 2015 at terms that considered the underlying risks of the note. (2) Estimated fair value of the Initial Senior Notes at December 31, 2014 was based on a cash flow model discounted at market interest rates that considered underlying risks of the debt. At June 30, 2015, the fair values of the Senior Notes also incorporated recent trading activity of the Exchange Notes and Additional Senior Notes in inactive markets. (3) Carrying amount approximates fair value due to short-term nature and interest rate terms. (4) The estimated fair values of the land development notes at June 30, 2015 and December 31, 2014 were based on cash flow models discounted at market interest rates that considered underlying risks of the debt. (5) Recognized in connection with the acquisition of Grand View on August 12, 2014. A Monte Carlo model was used to value the earnout by simulating earnings, applying the terms of the earnout in each simulated path, determining the average payment in each year across all the trials of the simulation, and calculating the sum of the present values of the payments in each year. The primary inputs and key assumptions of this Monte Carlo model included a range of forecasted revenue and gross margin scenarios which increased and decreased by 10.1% from our base case and discount rates ranging from 5.1% to 6.3% . We decreased the liability by $0.5 million and $0.7 million during the three and six months ended June 30, 2015 , respectively, to adjust the carrying value of the earnout to fair value. The decrease is included as a reduction to selling, general and administrative expense on our consolidated statement of operations.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Numerator Net income $ $ $ $ Less: Undistributed earnings allocated to participating securities Net income allocable to common stockholders $ $ $ $ Denominator Weighted average common shares outstanding - basic and diluted: Earnings per share: Basic and diluted $ $ $ $

Supplemental Guarantor Inform34

Supplemental Guarantor Information (Tables)	6 Months Ended
	Jun. 30, 2015
Supplemental Guarantor Information [Abstract]
Supplemental Condensed Consolidating Balance Sheet	Supplemental Condensed Consolidated Balance Sheet As of June 30, 2015 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Assets Cash and cash equivalents $ $ $ — $ — $ Accounts receivable — — Investment in subsidiaries — — — Inventories — — — Prepaid expenses and other assets — — Property and equipment, net — — Deferred tax asset, net — — — Amortizable intangible assets, net — — — Goodwill — — — Total assets $ $ $ — $ $ Liabilities and stockholders’ equity Liabilities: Accounts payable $ — $ $ — $ — $ Accrued expenses and other liabilities — — Note payable and revolving line of credit — — Total liabilities — — Stockholders’ equity: — Total liabilities and stockholders’ equity $ $ $ — $ $ Supplemental Condensed Consolidated Balance Sheet As of December 31, 2014 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Assets Cash and cash equivalents $ $ $ — $ — $ Accounts receivable — — Investment in subsidiaries — — — Inventories — — — Prepaid expenses and other assets — — Property and equipment, net — — Deferred tax asset, net — — — Amortizable intangible assets, net — — — Goodwill — — — Total assets $ $ $ — $ $ Liabilities and stockholders’ equity Liabilities: Accounts payable $ $ $ — $ — $ Accrued expenses and other liabilities — — Note payable and revolving line of credit — — Total liabilities — — Stockholders’ equity: — Total liabilities and stockholders’ equity $ $ $ — $ $
Supplemental Condensed Consolidating Statement of Operations	Supplemental Condensed Consolidated Statement of Operations For the Three Months Ended June 30, 2015 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Revenue Home sales revenues $ — $ $ — $ — $ Land sales revenues — — — Golf course and other revenue — — — Total revenue — — — Costs and expenses Cost of homes sales revenues — — — Cost of land sales revenues — — — Cost of golf course and other revenue — — — Selling, general and administrative — — Total operating costs and expenses — — Operating income — — Other income (expense) Equity in earnings from consolidated subsidiaries — — — Interest income — — Interest expense — — — Acquisition expense — — — Other income — — — Gain on disposition of assets — — — Income before income tax expense — Income tax expense — — Net income $ $ $ — $ $ Supplemental Condensed Consolidated Statement of Operations For the Three Months Ended June 30, 2014 (in thousands) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Revenue Home sales revenues $ — $ $ — $ — $ Land sales revenues — — — — — Golf course and other revenue — — — Total revenue — — — Cost of home sale revenues Cost of homes sales revenues — — — Cost of land sales revenues — — — — — Cost of golf course and other revenue — — — Selling, general and administrative — — Total operating costs and expenses — — Operating income — — Other income (expense) Equity in earnings from consolidated subsidiaries — — — Interest income — — — Interest expense — — — Acquisition expense — — — Other income — — — Gain on disposition of assets — — — Income before income tax expense — Income tax expense — — Net income $ $ $ — $ $ Supplemental Condensed Consolidated Statement of Operations For the Six Months Ended June 30, 2015 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Revenue Home sales revenues $ — $ $ — $ — $ Land sales revenues — — — Golf course and other revenue — — — Total revenue — — — Costs and expenses Cost of homes sales revenues — — — Cost of land sales revenues — — — Cost of golf course and other revenue — — — Selling, general and administrative — — Total operating costs and expenses — — Operating income — — Other income (expense) Equity in earnings from consolidated subsidiaries — — — Interest income — — Interest expense — — — Acquisition expense — — — Other income — — — Gain on disposition of assets — — — Income before income tax expense — Income tax expense — — Net income $ $ $ — $ $ Supplemental Condensed Consolidated Statement of Operations For the Six Months Ended June 30, 2014 (in thousands) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Revenue Home sales revenues $ — $ $ — $ — $ Land sales revenues — — — — — Golf course and other revenue — — — Total revenue — — — Cost of home sale revenues Cost of homes sales revenues — — — Cost of land sales revenues — — — — — Cost of golf course and other revenue — — — Selling, general and administrative — — Total operating costs and expenses — — Operating income — — Other income (expense) Equity in earnings from consolidated subsidiaries — — Interest income — — — Interest expense — — — Acquisition expense — — — Other income — — — Gain on disposition of assets — — — Income before income tax expense — Income tax expense — — Net income $ $ $ — $ $
Supplemental Condensed Consolidating Statement of Operations Statement of Cash Flow	Supplemental Condensed Consolidated Statement of Cash Flows For the Six Months Ended June 30, 2015 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Net cash used in operating activities $ $ $ — $ — $ Net cash used in investing activities $ $ $ — $ $ Financing activities Borrowings under revolving credit facilities $ $ — $ — $ — $ Payments on revolving credit facilities — — — Proceeds from issuance of senior notes — — — Proceeds from issuance of insurance premium notes — — — Principal payments on notes payable — — — Debt issuance costs — — — Repurchases of common stock upon vesting of restricted stock awards — — — Payments from (and advances to) parent/subsidiary — — — Net cash provided by financing activities $ $ $ — $ $ Net increase (decrease) in cash and cash equivalents $ $ $ — $ — $ Cash and cash equivalents Beginning of period $ $ $ — $ $ End of period $ $ $ — $ — $ Supplemental Condensed Consolidated Statement of Cash Flows For the Six Months Ended June 30, 2014 (in thousands) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Net cash used in operating activities $ $ $ — $ — $ Net cash used in investing activities $ $ $ — $ $ Financing activities Borrowings under revolving credit facilities $ $ — $ — $ — $ Payments on revolving credit facilities — Proceeds from issuance of senior notes Principal payments on notes payable — — — Debt issuance costs — — — Net proceeds from issuances of common stock — Excess tax benefit on stock-based compensation Payments from (and advances to) parent/subsidiary — — — Net cash provided by financing activities $ $ $ — $ $ Net increase (decrease) in cash and cash equivalents $ $ $ — $ — $ Cash and cash equivalents Beginning of period — — End of period $ $ $ — $ — $

Basis Of Presentation (Details)

Basis Of Presentation (Details)	6 Months Ended
	Jun. 30, 2015item
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Number of Operating Segments	5

Reporting Segments (Schedule of

Reporting Segments (Schedule of Segment Reporting Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total revenue	$ 189,054	$ 79,853	$ 345,492	$ 129,524
Total income before income tax expense	14,431	8,049	23,955	13,246
Total assets	781,119		781,119		$ 675,979
Atlanta [Member]
Segment Reporting Information [Line Items]
Total revenue	70,260		126,900
Total income before income tax expense	6,591		9,804
Total assets	108,682		108,682		75,434
Central Texas [Member]
Segment Reporting Information [Line Items]
Total revenue	16,537	12,466	33,573	26,286
Total income before income tax expense	1,089	878	3,250	2,115
Total assets	102,971		102,971		85,083
Colorado [Member]
Segment Reporting Information [Line Items]
Total revenue	75,309	48,347	131,128	84,198
Total income before income tax expense	9,624	7,947	17,519	14,236
Total assets	291,925		291,925		280,361
Houston [Member]
Segment Reporting Information [Line Items]
Total revenue	7,085		17,490
Total income before income tax expense	(239)		(654)
Total assets	41,955		41,955		28,875
Nevada [Member]
Segment Reporting Information [Line Items]
Total revenue	19,863	19,040	36,401	19,040
Total income before income tax expense	2,953	2,681	4,770	2,681
Total assets	195,549		195,549		168,401
Corporate [Member]
Segment Reporting Information [Line Items]
Total income before income tax expense	(5,587)	$ (3,457)	(10,734)	$ (5,786)
Total assets	$ 40,037		$ 40,037		$ 37,825

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Inventory [Abstract]
Homes under construction	$ 337,189		$ 250,104
Land and land development	308,798		294,917
Capitalized interest	15,741	$ 13,600	11,302	$ 5,850	$ 2,803	$ 2,820
Total inventories	$ 661,728		$ 556,323

Prepaid Expenses and Other As38

Prepaid Expenses and Other Assets (Schedule of Prepaid Expenses and Other Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Prepaid Expenses and Other Assets [Abstract]
Prepaid insurance	$ 6,315	$ 8,481
Lot option and escrow deposits	6,654	4,716
Performance deposits	4,350	5,365
Deferred financing costs, net	7,145	6,378
Restricted cash	1,055	518
Secured note receivable	3,000
Assets held for sale	5,744
Other	3,308	3,338
Total prepaid expenses and other assets	$ 37,571	$ 28,796

Accrued Expenses and Other Li39

Accrued Expenses and Other Liabilities (Schedule of Accrued and Other Current Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Accrued Expenses and Other Liabilities [Abstract]
Earnest money deposits	$ 8,334		$ 6,703
Warranty reserve	2,432	$ 2,527	2,194	$ 1,546	$ 1,230	$ 1,150
Accrued compensation costs	6,005		6,632
Land development and home construction accruals	60,011		34,994
Accrued interest	2,353		1,935
Income taxes payable			217
Billings in excess of collections	229		68
Real estate taxes payable	191		3,875
Earnout liability	1,773		2,426
Liabilities related to assets held for sale	405
Other	2,450		4,985
Total accrued expenses and other liabilities	$ 84,183		$ 64,029

Warrantry Reserve (Schedule of

Warrantry Reserve (Schedule of Changes in Warranty Accrual) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Accrued warranty reserve, beginning of period	$ 2,527	$ 1,230	$ 2,194	$ 1,150
Warranty reserves assumed in business combinations		141		141
Warranty expense provisions	810	371	1,429	639
Payments	(309)	(196)	(595)	(384)
Warranty adjustment	(596)		(596)
Accrued warranty reserve, end of period	$ 2,432	$ 1,546	$ 2,432	$ 1,546

Notes Payable and Revolving L41

Notes Payable and Revolving Line of Credit (Narrative) (Details) - Subsequent Event Type [Domain] $ in Thousands	Jun. 30, 2015USD ($)	Oct. 21, 2014USD ($)	Apr. 30, 2015USD ($)	May. 31, 2014USD ($)	Jun. 30, 2015USD ($)loan	Feb. 28, 2015USD ($)	Dec. 31, 2014USD ($)
Debt Instrument [Line Items]
Line of credit outstanding, amount	$ 40,000				$ 40,000		$ 20,000
Minimum
Debt Instrument [Line Items]
Discount rate	5.10%				5.10%
Maximum
Debt Instrument [Line Items]
Discount rate	6.30%				6.30%
Initial Senior Notes [Member]
Debt Instrument [Line Items]
Principal amount				$ 200,000
Net proceeds from issuance of senior debt				$ 193,300
Interest rate				6.875%
Discount rate				99.239%
Maturity year					2,022
Exchange Notes [Member]
Debt Instrument [Line Items]
Principal amount						$ 200,000
Interest rate						6.875%
Maturity date					2022-05
Additional Senior Notes [Member]
Debt Instrument [Line Items]
Principal amount			$ 60,000
Net proceeds from issuance of senior debt			$ 58,600
Interest rate			6.875%
Discount rate			98.26%
Maturity year					2,022
Land Development Notes [Member]
Debt Instrument [Line Items]
Number of notes payable | loan					4
Land Development Notes [Member] | Minimum
Debt Instrument [Line Items]
Maturity start date					Sep. 1, 2015
Interest only payment percentage					0.50%
Land Development Notes [Member] | Maximum
Debt Instrument [Line Items]
Maturity end date					Apr. 1, 2016
Interest only payment percentage					5.00%
Insurance Premium Note [Member]
Debt Instrument [Line Items]
Number of notes payable | loan					4
Insurance Premium Note [Member] | Minimum
Debt Instrument [Line Items]
Maturity start date					Oct. 1, 2015
Insurance Premium Note [Member] | Maximum
Debt Instrument [Line Items]
Maturity end date					Nov. 1, 2015
Interest and principal payment percentage					3.89%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility. maximum borrowing capacity		$ 120,000
Extension of the maturity date		12 months
Line of credit facility, termination date		Oct. 21, 2017
Revolving Credit Facility [Member] | Maximum
Debt Instrument [Line Items]
Revolving credit facility, additional borrowing capacity		$ 80,000
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		2.75%
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		3.25%
Revolving Credit Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.93%
Revolving Credit Facility [Member] | Base Rate [Member] | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		1.75%
Revolving Credit Facility [Member] | Base Rate [Member] | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		2.25%
Line Of Credit [Member]
Debt Instrument [Line Items]
Line of credit facility. maximum borrowing capacity		$ 20,000

Notes Payable and Revolving L42

Notes Payable and Revolving Line of Credit (Schedule of Notes Payable And Revolving Line Of Credit) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Notes Payable and Revolving Line of Credit [Abstract]
6.875% senior notes	$ 257,693	$ 198,605
Revolving line of credit	40,000	20,000
Land development notes	4,350	5,737
Insurance premium notes	2,443	5,135
Capital lease obligations		133
Total notes payable and revolving line of credit	$ 304,486	$ 229,610

Interest (Schedule Of Real Esta

Interest (Schedule Of Real Estate Capitalized Interest Costs) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Interest [Abstract]
Interest capitalized beginning of period	$ 13,600	$ 2,803	$ 11,302	$ 2,820
Interest capitalized during period	4,971	3,499	8,890	3,558
Less: capitalized interest in cost of sales	(2,830)	(452)	(4,451)	(528)
Interest capitalized end of period	$ 15,741	$ 5,850	$ 15,741	$ 5,850

2014 Business Combinations (Nar

2014 Business Combinations (Narrative) (Details)	Nov. 13, 2014USD ($)item	Aug. 12, 2014USD ($)	Apr. 01, 2014USD ($)item	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Business Acquisition [Line Items]
Purchase price							$ 165,379,000
Fair value of acquisition earnout				$ 1,773,000		$ 1,773,000		$ 2,426,000
Reduction to cost of home sales revenues				150,225,000	$ 58,197,000	$ 275,031,000	$ 95,470,000
Las Vegas Land Holdings [Member]
Business Acquisition [Line Items]
Purchase price			$ 165,000,000
Number of lots | item			1,761
Number of communities | item			5
Number of homes in backlog | item			57
Number of model homes | item			17
Number of custom home lots | item			3
Number of golf courses | item			2
Number of commercial plots | item			2
Acquisition costs			$ 800,000
Weighted average life of intangible assets						9 years 1 month 6 days
Goodwill amount expected to be tax deductible				$ 10,500,000		$ 10,500,000
Las Vegas Land Holdings [Member] | Minimum
Business Acquisition [Line Items]
Market gross margin				7.00%		7.00%
Las Vegas Land Holdings [Member] | Maximum
Business Acquisition [Line Items]
Market gross margin				24.00%		24.00%
Grand View Builders Inc. [Member]
Business Acquisition [Line Items]
Purchase price		$ 13,000,000
Acquisition costs		$ 100,000
Weighted average life of intangible assets						2 years 9 months 18 days
Fair value of acquisition earnout				$ 2,500,000		$ 2,500,000
Earnout period						2 years
Maximum earnout downward reduction amount						$ 1,500,000
Goodwill amount expected to be tax deductible				$ 3,700,000		3,700,000
Increase (decrease) in the estimated value of amortizable intangible assets						(500,000)
Increase (decrease) in the fair value of the inventories						(200,000)
Increase (decrease) in Goodwill						700,000
Increase (decrease) of selling, general, and administrative expenses						(100,000)
Reduction to cost of home sales revenues						$ 200,000
Grand View Builders Inc. [Member] | Minimum
Business Acquisition [Line Items]
Market gross margin				6.00%		6.00%
Potential earnout payments						$ 0
Grand View Builders Inc. [Member] | Maximum
Business Acquisition [Line Items]
Market gross margin				18.00%		18.00%
Potential earnout payments						$ 5,300,000
Peachtree Communities [Member]
Business Acquisition [Line Items]
Purchase price	$ 57,000,000
Number of lots | item	2,120
Number of communities | item	36
Acquisition costs	$ 500,000
Weighted average life of intangible assets						4 years 9 months 18 days
Goodwill amount expected to be tax deductible				$ 17,100,000		$ 17,100,000
Increase (decrease) in Goodwill				$ 600,000
Increase (decrease) of selling, general, and administrative expenses						$ (100,000)
Peachtree Communities [Member] | Minimum
Business Acquisition [Line Items]
Market gross margin				6.00%		6.00%
Peachtree Communities [Member] | Maximum
Business Acquisition [Line Items]
Market gross margin				18.00%		18.00%
Home Plans [Member] | Peachtree Communities [Member]
Business Acquisition [Line Items]
Preliminary estimate of fair value						$ 200,000
Amortization period						7 years
Non-solicitation agreement [Member] | Las Vegas Land Holdings [Member]
Business Acquisition [Line Items]
Preliminary estimate of fair value						$ 1,400,000
Amortization period						2 years
Non-solicitation agreement [Member] | Peachtree Communities [Member]
Business Acquisition [Line Items]
Preliminary estimate of fair value						$ 3,200,000
Amortization period						5 years
Cell Phone Tower Leases [Member] | Las Vegas Land Holdings [Member]
Business Acquisition [Line Items]
Preliminary estimate of fair value						$ 1,400,000
Amortization period						16 years 7 months 6 days
Home plans [Member] | Las Vegas Land Holdings [Member]
Business Acquisition [Line Items]
Preliminary estimate of fair value						$ 300,000
Amortization period						7 years
Home plans [Member] | Grand View Builders Inc. [Member]
Business Acquisition [Line Items]
Preliminary estimate of fair value						$ 100,000
Amortization period						7 years
Noncompete Agreements [Member] | Grand View Builders Inc. [Member]
Business Acquisition [Line Items]
Preliminary estimate of fair value						$ 500,000
Amortization period						4 years
Trade Names [Member] | Grand View Builders Inc. [Member]
Business Acquisition [Line Items]
Preliminary estimate of fair value						$ 1,000,000
Amortization period						2 years
Backlog [Member] | Grand View Builders Inc. [Member]
Business Acquisition [Line Items]
Preliminary estimate of fair value						$ 200,000
Amortization period						1 year 6 months
Lot Option Agreements [Member] | Peachtree Communities [Member]
Business Acquisition [Line Items]
Preliminary estimate of fair value						$ 600,000
Amortization period						3 years

2014 Business Combinations (Sch

2014 Business Combinations (Schedule of Assets and Liabilities Acquired) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Nov. 13, 2014	Aug. 12, 2014	Apr. 01, 2014
Assets acquired and liabilities assumed
Goodwill	$ 21,365	$ 21,137
Las Vegas Land Holdings [Member]
Assets acquired and liabilities assumed
Accounts receivable					$ 347
Inventories					145,599
Prepaid expenses and other assets					1,876
Property and equipment					8,619
Amortizable intangible assets					3,042
Goodwill					11,283
Total assets					170,766
Accounts payable					2,074
Accrued expenses and other liabilities (inclusive of earnout liability)					1,816
Notes payable and capital lease obligations					1,497
Total liabilities					$ 5,387
Grand View Builders Inc. [Member]
Assets acquired and liabilities assumed
Accounts receivable				$ 188
Inventories				12,070
Prepaid expenses and other assets				295
Property and equipment				185
Amortizable intangible assets				1,748
Goodwill				1,746
Total assets				16,232
Accrued expenses and other liabilities (inclusive of earnout liability)				3,376
Total liabilities				$ 3,376
Peachtree Communities [Member]
Assets acquired and liabilities assumed
Accounts receivable			$ 11
Inventories			48,034
Prepaid expenses and other assets			762
Property and equipment			54
Amortizable intangible assets			4,044
Goodwill			7,857
Total assets			60,762
Accounts payable			3,304
Accrued expenses and other liabilities (inclusive of earnout liability)			3,108
Total liabilities			$ 6,412

2014 Business Combinations (S46

2014 Business Combinations (Schedule of Pro Forma Information) (Details) - Jun. 30, 2014 - USD ($) $ in Thousands	Total	Total
Pro Forma Financial Information [Abstract]
Pro forma revenue	$ 138,885	$ 254,322
Pro forma income before income tax expense	9,355	16,086
Pro forma income tax expense	3,274	5,630
Pro forma net income	$ 6,081	$ 10,456

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Taxes [Abstract]
Income tax expense	$ 4,633	$ 2,711	$ 7,806	$ 4,539
Effective tax rate	34.40%		34.40%
Change in effective tax rate	1.90%		1.40%

Fair Value Disclosures (Schedul

Fair Value Disclosures (Schedule of Carrying Values and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
		Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Earnout liability		$ 1,773	$ 1,773	$ 2,426
Range of forecasted revenues and gross margins base estimate			10.10%
Adjustment of carrying value of the earnout liability to fair value		500	$ 700
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total notes payable and revolving line of credit		304,186	304,186	234,005
Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total notes payable and revolving line of credit		304,486	304,486	$ 229,610
Level 2 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured note receivable	[1]	3,000	3,000
6.875% senior notes	[2]	257,400	257,400	$ 203,013
Revolving line of credit	[3]	40,000	40,000	20,000
Land development notes	[4]	4,343	4,343	5,724
Insurance premium notes	[3]	$ 2,443	$ 2,443	5,135
Capital lease obligations	[3]			$ 133
Level 2 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured note receivable	[1]	$ 3,000	$ 3,000
6.875% senior notes	[2]	257,693	257,693	$ 198,605
Revolving line of credit	[3]	40,000	40,000	20,000
Land development notes	[4]	4,350	4,350	5,737
Insurance premium notes	[3]	$ 2,443	$ 2,443	5,135
Capital lease obligations	[3]			133
Level 3 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Earnout liability	[5]	$ 1,773	$ 1,773	2,426
Level 3 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Earnout liability	[5]	$ 1,773	$ 1,773	$ 2,426
Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Discount rate		5.10%	5.10%
Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Discount rate		6.30%	6.30%
[1]	The carrying amount approximates fair value as the secured note was received in connection with the disposition of the golf course in our Tuscany community in our Nevada operating segment in May 2015 at terms that considered the underlying risks of the note.
[2]	Estimated fair value of the Initial Senior Notes at December 31, 2014 was based on a cash flow model discounted at market interest rates that considered underlying risks of the debt. At June 30, 2015, the fair values of the Senior Notes also incorporated recent trading activity of the Exchange Notes and Additional Senior Notes in inactive markets.
[3]	Carrying amount approximates fair value due to short-term nature and interest rate terms.
[4]	The estimated fair values of the land development notes at June 30, 2015 and December 31, 2014 were based on cash flow models discounted at market interest rates that considered underlying risks of the debt.
[5]	Recognized in connection with the acquisition of Grand View on August 12, 2014. A Monte Carlo model was used to value the earnout by simulating earnings, applying the terms of the earnout in each simulated path, determining the average payment in each year across all the trials of the simulation, and calculating the sum of the present values of the payments in each year. The primary inputs and key assumptions of this Monte Carlo model included a range of forecasted revenue and gross margin scenarios which increased and decreased by 10.1% from our base case and discount rates ranging from 5.1% to 6.3%. We decreased the liability by $0.5 million and $0.7 million during the three and six months ended June 30, 2015, respectively, to adjust the carrying value of the earnout to fair value. The decrease is included as a reduction to selling, general and administrative expense on our consolidated statement of operations.

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock shares authorized	100,000,000		100,000,000		100,000,000
Common stock, par value (in dollars per share)	$ 0.01		$ 0.01		$ 0.01
Common stock shares issued, excluding restricted common shares	20,600,000		20,600,000		20,500,000
Common stock shares outstanding, excluding restricted common shares	20,600,000		20,600,000		20,500,000
Preferred stock shares authorized	50,000,000		50,000,000		50,000,000
Preferred stock, par value (in dollars per share)	$ 0.01		$ 0.01		$ 0.01
Shares of common stock for stock award issuances	1,800,000		1,800,000		1,800,000
Compensation expense	$ 1.4	$ 0.4	$ 2.5	$ 0.7
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock issued	15,000		500,000
Weighted average grant date fair value	$ 19.41		$ 16.92
Awards vesting period	3 years		3 years
Unvested shares of restricted stock	800,000		800,000
Compensation not yet recognized	$ 11.8		$ 11.8
Compensation not yet recognized, period for recognition			2 years 3 months 18 days

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Earnings Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Numerator
Net income	$ 9,798	$ 5,338	$ 16,149	$ 8,707
Less: Undistributed earnings allocated to participating securities	(361)	(72)	(533)	(105)
Net income allocable to common stockholders	$ 9,437	$ 5,266	$ 15,616	$ 8,602
Denominator
Weighted average common shares outstanding - basic and diluted:	20,556,536	17,674,868	20,533,237	17,376,591
Basic and Diluted	$ 0.46	$ 0.30	$ 0.76	$ 0.50

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Commitments and Contingencies [Abstract]
Outstanding letters of credit and performance bonds	$ 39.3	$ 34

Disposition of Golf Courses (Na

Disposition of Golf Courses (Narrative) (Details) - USD ($) $ in Thousands	May. 26, 2015	Jun. 30, 2015	May. 19, 2015
Tuscany Golf Course [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total consideration amount	$ 4,000
Cash from total consideration amount	1,000
Secured note from total consideration amount	3,000
Gain on sale	2
Term of payments for principal and interest		monthly
Date of balloon payment		May 1, 2020
Balloon payment of secure note	$ 2,500
Tuscany Golf Course [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Maximum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Secured note interest	5.50%
Tuscany Golf Course [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Minimum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Secured note interest	4.50%
Rhodes Ranch Golf Course [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Put Option [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total consideration amount			$ 5,900
Expiration date of put option		Jun. 1, 2016

Supplemental Guarantor Inform53

Supplemental Guarantor Information (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Apr. 30, 2015	Feb. 28, 2015	May. 31, 2014
Additional Senior Notes [Member]
Debt Instrument [Line Items]
Principal amount		$ 60
Interest rate		6.875%
Initial Senior Notes [Member]
Debt Instrument [Line Items]
Principal amount				$ 200
Interest rate				6.875%
Exchange Notes [Member]
Debt Instrument [Line Items]
Principal amount			$ 200
Interest rate			6.875%
Maturity date	2022-05

Supplemental Guarantor Inform54

Supplemental Guarantor Information (Supplemental Condensed Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Assets
Cash and cash equivalents	$ 32,630	$ 33,462	$ 167,723	$ 109,998
Accounts receivable	13,431	13,799
Inventories	661,728	556,323
Prepaid expenses and other assets	37,571	28,796
Property and equipment, net	5,374	12,471
Deferred tax asset, net	2,917	1,359
Amortizable intangible assets, net	6,103	8,632
Goodwill	21,365	21,137
Total Assets	781,119	675,979
Liabilities:
Accounts payable	9,323	17,135
Accrued expenses and other liabilities	84,183	64,029
Notes payable and revolving line of credit	304,486	229,610
Total liabilities	397,992	310,774
Total stockholders' equity	383,127	365,205
Total liabilities and stockholders' equity	781,119	675,979
Parent [Member]
Assets
Cash and cash equivalents	10,057	22,710	160,293	106,614
Accounts receivable	905	1,202
Investment in subsidiaries	665,059	558,177
Prepaid expenses and other assets	7,955	7,286
Property and equipment, net	736	641
Deferred tax asset, net	2,917	1,359
Total Assets	687,629	591,375
Liabilities:
Accounts payable		70
Accrued expenses and other liabilities	6,809	7,495
Notes payable and revolving line of credit	297,693	218,605
Total liabilities	304,502	226,170
Total stockholders' equity	383,127	365,205
Total liabilities and stockholders' equity	687,629	591,375
Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	22,573	10,752	$ 7,430	$ 3,384
Accounts receivable	12,526	12,597
Inventories	661,728	556,323
Prepaid expenses and other assets	29,616	21,510
Property and equipment, net	4,638	11,830
Amortizable intangible assets, net	6,103	8,632
Goodwill	21,365	21,137
Total Assets	758,549	642,781
Liabilities:
Accounts payable	9,323	17,065
Accrued expenses and other liabilities	77,374	56,534
Notes payable and revolving line of credit	6,793	11,005
Total liabilities	93,490	84,604
Total stockholders' equity	665,059	558,177
Total liabilities and stockholders' equity	758,549	642,781
Elimination Entries [Member]
Assets
Investment in subsidiaries	(665,059)	(558,177)
Total Assets	(665,059)	(558,177)
Liabilities:
Total stockholders' equity	(665,059)	(558,177)
Total liabilities and stockholders' equity	$ (665,059)	$ (558,177)

Supplemental Guarantor Inform55

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Home sales revenues	$ 186,808	$ 77,328	$ 341,143	$ 126,999
Land sales revenues	370		370
Golf course and other revenue	1,876	2,525	3,979	2,525
Total revenue	189,054	79,853	345,492	129,524
Cost of home sales revenues	150,225	58,197	275,031	95,470
Cost of land sales revenues	365		365
Cost of golf course and other revenue	1,662	2,154	3,168	2,154
Selling, general, and administrative	22,812	11,320	43,744	18,323
Total operating costs and expenses	175,064	71,671	322,308	115,947
Operating income	13,990	8,182	23,184	13,577
Other income (expense):
Interest income	21	68	37	137
Interest expense	(3)	(11)	(6)	(11)
Acquisition expense	(15)	(408)	(15)	(803)
Other income	308	129	625	257
Gain on disposition of assets	130	89	130	89
Income before income tax expense	14,431	8,049	23,955	13,246
Income tax expense	4,633	2,711	7,806	4,539
Net income	9,798	5,338	16,149	8,707
Parent [Member]
Revenues:
Selling, general, and administrative	5,423	3,276	10,440	5,320
Total operating costs and expenses	5,423	3,276	10,440	5,320
Operating income	(5,423)	(3,276)	(10,440)	(5,320)
Other income (expense):
Equity in earnings from consolidated subsidiaries	12,905	7,627	22,347	12,590
Interest income	15		30
Acquisition expense	(15)	(408)	(15)	(803)
Income before income tax expense	7,482	3,943	11,922	6,467
Income tax expense	(2,316)	(1,395)	(4,227)	(2,240)
Net income	9,798	5,338	16,149	8,707
Guarantor Subsidiaries [Member]
Revenues:
Home sales revenues	186,808	77,328	341,143	126,999
Land sales revenues	370		370
Golf course and other revenue	1,876	2,525	3,979	2,525
Total revenue	189,054	79,853	345,492	129,524
Cost of home sales revenues	150,225	58,197	275,031	95,470
Cost of land sales revenues	365		365
Cost of golf course and other revenue	1,662	2,154	3,168	2,154
Selling, general, and administrative	17,389	8,044	33,304	13,003
Total operating costs and expenses	169,641	68,395	311,868	110,627
Operating income	19,413	11,458	33,624	18,897
Other income (expense):
Interest income	6	68	7	137
Interest expense	(3)	(11)	(6)	(11)
Other income	308	129	625	257
Gain on disposition of assets	130	89	130	89
Income before income tax expense	19,854	11,733	34,380	19,369
Income tax expense	6,949	4,106	12,033	6,779
Net income	12,905	7,627	22,347	12,590
Elimination Entries [Member]
Other income (expense):
Equity in earnings from consolidated subsidiaries	(12,905)	(7,627)	(22,347)	(12,590)
Income before income tax expense	(12,905)	(7,627)	(22,347)	(12,590)
Net income	$ (12,905)	$ (7,627)	$ (22,347)	$ (12,590)

Supplemental Guarantor Inform56

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement of Cash Flows) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating activities
Net cash used in operating activities	$ (72,160)	$ (52,121)
Investing activities
Net cash used in investing activities	(1,005)	(165,410)
Financing activities
Borrowings under revolving credit facilities	75,000	99,000
Payments on revolving credit facilities	(55,000)	(99,000)
Proceeds from issuance of senior notes	58,956	198,478
Proceeds from issuances of insurance premium notes	448
Principal payments on notes payable	(4,570)	(263)
Debt issuance costs	(1,784)	(5,132)
Net proceeds from issuances of common stock		82,141
Repurchases of common stock upon vesting of restricted stock awards	(717)
Excess tax benefit on stock-based compensation		32
Net cash provided by financing activities	72,333	275,256
Net increase (decrease) in cash and cash equivalents	(832)	57,725
Cash and cash equivalents, Beginning of period	33,462	109,998
Cash and cash equivalents, End of period	32,630	167,723
Parent [Member]
Operating activities
Net cash used in operating activities	(5,139)	(836)
Investing activities
Net cash used in investing activities	(83,969)	(221,004)
Financing activities
Borrowings under revolving credit facilities	75,000	99,000
Payments on revolving credit facilities	(55,000)	(99,000)
Proceeds from issuance of senior notes	58,956	198,478
Debt issuance costs	(1,784)	(5,132)
Net proceeds from issuances of common stock		82,141
Repurchases of common stock upon vesting of restricted stock awards	(717)
Excess tax benefit on stock-based compensation		32
Net cash provided by financing activities	76,455	275,519
Net increase (decrease) in cash and cash equivalents	(12,653)	53,679
Cash and cash equivalents, Beginning of period	22,710	106,614
Cash and cash equivalents, End of period	10,057	160,293
Guarantor Subsidiaries [Member]
Operating activities
Net cash used in operating activities	(67,021)	(51,285)
Investing activities
Net cash used in investing activities	(796)	(165,410)
Financing activities
Proceeds from issuances of insurance premium notes	448
Principal payments on notes payable	(4,570)	(263)
Payments from (and advances to) parent/subsidiary	83,760	221,004
Net cash provided by financing activities	79,638	220,741
Net increase (decrease) in cash and cash equivalents	11,821	4,046
Cash and cash equivalents, Beginning of period	10,752	3,384
Cash and cash equivalents, End of period	22,573	7,430
Elimination Entries [Member]
Investing activities
Net cash used in investing activities	83,760	221,004
Financing activities
Payments from (and advances to) parent/subsidiary	(83,760)	(221,004)
Net cash provided by financing activities	$ (83,760)	$ (221,004)

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - USD ($) $ in Millions	Jul. 31, 2015	Oct. 21, 2014
Line Of Credit [Member]
Subsequent Event [Line Items]
Line of credit facility. maximum borrowing capacity		$ 20
Subsequent Event | First Modification Agreement [Member] | Texas Capital Bank [Member]
Subsequent Event [Line Items]
Line of credit facility, current borrowing capacity	$ 120
Line of credit facility. maximum borrowing capacity	$ 200
Maturity date	Oct. 21, 2017
Extended maturity date	Oct. 21, 2018
Subsequent Event | First Modification Agreement [Member] | Bank of America [Member]
Subsequent Event [Line Items]
Additional offering amount	$ 100