Century Communities (CCS) 10-K 7 Feb 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Jan. 31, 2020	Jun. 30, 2019
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	001-36491
Entity Central Index Key	0001576940
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Registrant Name	Century Communities, Inc.
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	8390 East Crescent Parkway
Entity Address, Address Line Two	Suite 650
Entity Address, City or Town	Greenwood Village
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80111
Entity Tax Identification Number	68-0521411
City Area Code	303
Local Phone Number	770-8300
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	CCS
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 697.2
Entity Common Stock, Shares Outstanding		33,071,034

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 55,436	$ 32,902
Cash held in escrow	35,308	24,344
Accounts receivable	27,438	13,464
Inventories	1,995,549	1,848,243
Mortgage loans held for sale	185,246	112,394
Prepaid expenses and other assets	123,800	140,397
Property and equipment, net	35,998	33,258
Deferred tax assets, net	10,589	13,763
Amortizable intangible assets, net	208	5,095
Goodwill	30,395	30,395
Total assets	2,499,967	2,254,255
Liabilities:
Accounts payable	84,794	89,907
Accrued expenses and other liabilities	213,975	213,157
Notes payable	896,704	784,777
Revolving line of credit	68,700	202,500
Mortgage repurchase facilities	174,095	104,555
Total liabilities	1,438,268	1,394,896
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, 33,067,375 and 30,154,791 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively	331	302
Additional paid-in capital	684,354	595,037
Retained earnings	377,014	264,020
Total stockholders' equity	1,061,699	859,359
Total liabilities and stockholders' equity	$ 2,499,967	$ 2,254,255

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Consolidated Balance Sheets [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock shares authorized	50,000,000	50,000,000
Preferred stock shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock shares authorized	100,000,000	100,000,000
Common stock shares issued	33,067,375	30,154,791
Common stock shares outstanding	33,067,375	30,154,791

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended								5 Months Ended	12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Jun. 14, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues
Total revenues										$ 2,535,911	$ 2,147,413	$ 1,423,799
Selling, general and administrative										(301,525)	(263,981)	(176,304)
Loss on debt extinguishment										(10,832)
Inventory impairment and other										(4,783)
Acquisition expense											(437)	(9,905)
Equity in income of unconsolidated subsidiaries									$ 14,800		14,849	12,176
Other income (expense)										(5,190)	(905)	2,937
Income before tax expense	$ 53,968	$ 34,840	$ 20,830	$ 22,997	$ 36,062	$ 22,859	$ 46,502	$ 23,107		132,635	128,530	84,164
Income tax expense										(19,641)	(32,075)	(33,869)
Net income	$ 53,358	$ 27,024	$ 15,495	$ 17,117	$ 26,195	$ 17,048	$ 33,193	$ 20,019		$ 112,994	$ 96,455	$ 50,295
Earnings per share:
Basic	$ 1.65	$ 0.88	$ 0.51	$ 0.57	$ 0.85	$ 0.56	$ 1.11	$ 0.68		$ 3.66	$ 3.20	$ 2.06
Diluted	$ 1.63	$ 0.87	$ 0.51	$ 0.56	$ 0.85	$ 0.56	$ 1.10	$ 0.67		$ 3.62	$ 3.17	$ 2.03
Weighted average common shares outstanding:
Basic										30,886,382	30,084,913	24,280,871
Diluted										31,186,952	30,391,346	24,555,509
Home Sales [Member]
Revenues
Total revenues	$ 775,667	$ 573,860	$ 608,636	$ 523,302	$ 640,187	$ 552,876	$ 522,164	$ 394,831		$ 2,481,465	$ 2,110,058	$ 1,405,443
Cost of revenues										(2,040,241)	(1,741,619)	(1,153,359)
Land Sales And Other [Member]
Revenues
Total revenues										11,184	5,631	8,503
Cost of revenues										(8,130)	(3,832)	(6,516)
Homebuilding [Member]
Revenues
Total revenues										2,492,649	2,115,689	1,413,946
Cost of revenues										(2,048,371)	(1,745,451)	(1,159,875)
Financial Services [Member]
Revenues
Total revenues										43,262	31,724	9,853
Cost of revenues										$ (32,575)	$ (22,958)	$ (8,664)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Total
Beginning balance at Dec. 31, 2016	$ 216	$ 355,567	$ 117,853	$ 473,636
Beginning balance (in shares) at Dec. 31, 2016	21,621,000
Issuance of common stock, net	$ 39	97,301		97,340
Issuance of common stock, net, shares	3,897,000
Issuance of common stock in connection with business combination	$ 42	107,737		107,779
Issuance of common stock in connection with business combination, shares	4,176,000
Replacement award value in connection with business combination		1,149		1,149
Repurchase of common stock upon vesting of restricted stock awards	$ (2)	(4,506)		(4,508)
Repurchase of common stock upon vesting of restricted stock awards, shares	(189,000)
Forfeitures of restricted stock awards, shares	(2,000)
Stock-based compensation expense		9,542		9,542
Net income			50,295	50,295
Ending balance at Dec. 31, 2017	$ 295	566,790	168,148	735,233
Ending balance (in shares) at Dec. 31, 2017	29,503,000
Issuance of common stock, net	$ 14	30,933		30,947
Issuance of common stock, net, shares	1,439,000
Repurchase of common stock	$ (6)	(10,946)		(10,952)
Repurchase of common stock, shares	(604,000)
Repurchase of common stock upon vesting of restricted stock awards		(5,483)		(5,484)
Repurchase of common stock upon vesting of restricted stock awards, shares	(183,000)
Vesting of restricted stock	$ (1)
Stock-based compensation expense		13,743		13,743
Net income			96,455	96,455
Ending balance at Dec. 31, 2018	$ 302	595,037	264,020	859,359
Ending balance (in shares) at Dec. 31, 2018	30,155,000
Adoption of ASC 606			(583)	(583)
Issuance of common stock, net	$ 27	79,025		79,052
Issuance of common stock, net, shares	2,717,000
Repurchase of common stock	$ (1)	(1,438)		$ (1,439)
Repurchase of common stock, shares	(83,000)			(83,000)
Repurchase of common stock upon vesting of restricted stock awards	$ (1)	(3,582)		$ (3,583)
Repurchase of common stock upon vesting of restricted stock awards, shares	(152,000)
Vesting of restricted stock	$ 4	(4)
Vesting of restricted stock, shares	430,000
Stock-based compensation expense		15,316		15,316
Net income			112,994	112,994
Ending balance at Dec. 31, 2019	$ 331	$ 684,354	$ 377,014	$ 1,061,699
Ending balance (in shares) at Dec. 31, 2019	33,067,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Operating activities
Net income	$ 112,994	$ 96,455	$ 50,295
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	13,382	12,031	6,973
Stock-based compensation expense	15,316	13,743	9,542
Loss on debt extinguishment	10,832
Inventory impairment and other	4,783
Deferred income taxes	3,174	(4,155)	674
Distributions from unconsolidated subsidiaries		7,432	5,243
Equity in income of unconsolidated subsidiaries		(14,849)	(12,176)
Loss (gain) on disposition of assets	361	1,979	577
Changes in assets and liabilities:
Cash held in escrow	(10,964)	13,640	(17,679)
Accounts receivable	(13,974)	1,227	(166)
Inventories	(129,024)	(284,977)	(83,380)
Prepaid expenses and other assets	41,542	(27,255)	(16,583)
Accounts payable	(5,113)	52,560	(3,670)
Accrued expenses and other liabilities	(39,263)	(1,662)	1,405
Mortgage loans held for sale	(72,853)	(61,747)	(52,327)
Net cash used in operating activities	(68,807)	(195,578)	(111,272)
Investing activities
Purchases of property and equipment	(16,117)	(15,803)	(17,627)
Business combinations, net of acquired cash		(28,036)	(130,047)
Proceeds from sale of South Carolina operations			17,074
Investment in unconsolidated subsidiaries			(4,000)
Proceeds from sale of intangible asset	1,730
Other investing activities	104	303	154
Net cash used in investing activities	(14,283)	(43,536)	(134,446)
Financing activities
Borrowings under revolving credit facilities	1,548,500	721,000	175,000
Payments on revolving credit facilities	(1,682,300)	(518,500)	(370,000)
Proceeds from issuance senior notes	500,000		527,500
Extinguishment of senior notes due 2022	(391,942)
Principal payments on notes payable	(20,237)	(5,371)	(6,998)
Proceeds from insurance notes payable	13,719	11,839	2,320
Extinguishments of debt assumed in business combination		(94,231)	(151,919)
Debt issuance costs	(6,140)	(3,642)	(8,579)
Net proceeds from mortgage repurchase facilities	69,540	56,236	48,320
Net proceeds from issuances of common stock	79,052	30,947	98,063
Repurchases of common stock upon vesting of stock-based compensation	(3,583)	(5,484)	(5,231)
Repurchases of common stock under stock repurchase program	(1,439)	(10,952)
Net cash provided by (used in) financing activities	105,170	181,842	308,476
Net increase (decrease)	22,080	(57,272)	62,758
Cash and cash equivalents and Restricted cash, Beginning of period	36,441	93,713	30,955
Cash and cash equivalents and Restricted cash, End of period	58,521	36,441	93,713
Supplemental cash flow disclosure
Cash paid for income taxes	26,936	39,656	29,632
Cash and cash equivalents and Restricted cash
Cash and cash equivalents	55,436	32,902	88,832
Restricted cash (Note 7)	$ 3,085	$ 3,539	$ 4,881

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	1. Nature of Operations and Summary of Significant Accounting Policies Nature of Operations Century Communities, Inc. (which we refer to as “we,” “CCS,” or the “Company”), together with its subsidiaries, is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in metropolitan areas in 17 states. In many of our projects, in addition to building homes, we are responsible for the entitlement and development of the underlying land. We build and sell homes under our Century Communities and Wade Jurney Homes brands. Our Century Communities brand targets a wide range of buyer profiles including: first time, first and second time move up, and lifestyle homebuyers, and provides our homebuyers with the ability to personalize their homes through certain option and upgrade selections. Our Wade Jurney Homes brand targets first time homebuyers, primarily sells homes through retail studios and the internet, and provides no option or upgrade selections. Our homebuilding operations are organized into the following five reportable segments: West, Mountain, Texas, Southeast, and Wade Jurney Homes. On February 6, 2020 we announced a rebranding of Wade Jurney Homes to Century Complete. Century Complete will operate similarly to Wade Jurney Homes, adopting its business strategy and continue to provide comparable home offerings. Additionally, our indirect wholly-owned subsidiaries, Inspire Home Loans, Inc., Parkway Title, LLC, and IHL Home Insurance Agency, LLC, which provide mortgage, title and insurance services, respectively, to our home buyers have been identified as our Financial Services segment. 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 for which the Company is deemed to be the primary beneficiary. We do not have any variable interest entities in which we are deemed the primary beneficiary. All intercompany accounts and transactions have been eliminated. All numbers related to lots and communities disclosed in the notes to the consolidated financial statements are unaudited. Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles (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. Cash and Cash Equivalents The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. Cash Held in Escrow Cash held in escrow consists of amounts related to the proceeds from home closings held for our benefit in escrow, which are typically held for less than a few days. Accounts Receivable Accounts receivable primarily consists of income tax receivables and rebates receivables. We periodically review the collectability of our accounts receivable, and, if it is determined that a receivable might not be fully collectible, an allowance is recorded for the amount deemed uncollectible. As of December 31, 2019 and 2018, no allowance was recorded related to accounts receivable. Inventories and Cost of Sales We capitalize pre-acquisition, land, development, and other allocated costs, including interest, during development and home construction. Land, development, and other common costs are allocated to inventory using the relative-sales-value method; however, as lots within a project typically have comparable market values, we generally allocate land, development, and common costs equally to each lot within the project. Home construction costs are recorded using the specific-identification method. Cost of sales for homes closed includes the allocation of construction costs of each home and all applicable land acquisition, land development, and related common costs, both incurred and estimated to be incurred. Changes to estimated total development costs subsequent to initial home closings in a community are generally allocated to the remaining homes in the community. When a home is closed, the Company generally has not paid all incurred costs necessary to complete the home, and a liability and a charge to cost of home sales revenues are recorded for the amount that is estimated will ultimately be paid related to completed homes. Inventories are carried at cost unless events and circumstances indicate that the carrying value may not be recoverable. We review for indicators of impairment at the lowest level of identifiable cash flows, which we have determined to be the community level. Indicators of impairment include, but are not limited to, significant decreases in local housing market values and selling prices of comparable homes, decreases in actual or trending gross margins or sales absorption rates, significant unforeseen cost in excess of budget, and actual or projected cash flow losses. If an indicator of impairment is identified, we estimate the recoverability of the community by comparing the estimated future cash flows on an undiscounted basis to its carrying value. If the undiscounted cash flows are more than the carrying value, the community is recoverable and no impairment is recorded. If the undiscounted cash flows are less than the community’s carrying value, we generally estimate the fair value using a discounted cash flow approach. A community with a fair value less than its carrying value is impaired and is written down to fair value. When estimating cash flows of a community, we make various assumptions, including the following: (i) expected sales prices and sales incentives to be offered, including the number of homes available, pricing and incentives being offered by us or other builders in other communities, and future sales price adjustments based on market and economic trends; (ii) expected sales pace based on local housing market conditions, competition, and historical trends; (iii) costs expended to date and expected to be incurred, including, but not limited to, land and land development costs, home construction costs, interest costs, indirect construction and overhead costs, and selling and marketing costs; and (iv) alternative uses for the property. For the year ended December 31, 2019 we recorded impairment charges on five communities totaling $ 2.0 million and for the year ended December 31, 2018 we recorded impairment charges on one community which was nominal in amount. Inventory impairments are included in inventory impairment and other in our consolidated statements of operations. Home Sales Revenues and Profit Recognition As defined in the Accounting Standards Codification (which we refer to as “ASC”) 606, Revenue from Contracts with Customers (“ASC 606”), revenues from home sales and the related profit are recorded when our performance obligations are satisfied, which generally occurs when the respective homes are closed and title has passed to our homebuyers. We generally satisfy our performance obligations in less than one year from the contract date. Proceeds from home closings that are held for our benefit in escrow, are presented as cash held in escrow on our consolidated balance sheets. Cash held for our benefit in escrow is typically held by the escrow agent for less than a few days. When it is determined that the earnings process is not complete and we have remaining performance obligations, the related revenue and costs are deferred for recognition in future periods until those performance obligations have been satisfied. Prior to satisfying our performance obligations, we typically receive deposits from customers related to sold but undelivered homes. These deposits are classified as earnest money deposits and are included in accrued expenses and other liabilities on our consolidated balance sheets. Earnest money deposits totaled $ 10.6 million and $ 14.0 million at December 31, 2019 and December 31, 2018, respectively. Prior to our adoption of ASC 606, r evenues from home sales were recorded and a profit was recognized when the respective units closed, title had passed, the homeowner’s initial and continuing investment was adequate, and other attributes of ownership had been transferred to the homeowner. Sales incentives were recorded as a reduction of revenues when the respective unit closed. When it was determined that the earnings process was not complete, the sale and the related profit were deferred for recognition in future periods. Performance Deposits We are occasionally required to make a land, bond, and utility deposit as each new development is started. These amounts typically are refundable as each home is delivered. Performance deposits are included in prepaid expenses and other assets on the consolidated balance sheet. Lot Option and Escrow Deposits We enter into lot option purchase agreements with unrelated parties to acquire lots for the construction of homes. Under these agreements, we have paid deposits, which in many cases are non-refundable, in consideration for the right, but not the obligation, to purchase land or lots at a future point in time with predetermined terms. Lot option and escrow deposits are included in prepaid expenses and other assets on the consolidated balance sheet. Model Homes and Sales Facilities Costs related to our model homes and sales facilities are treated in one of three ways depending on their nature. Costs directly attributable to the home including upgrades that are permanent and sold with the home are capitalized to inventory and included in cost of home sales revenues when the unit is closed to the home buyer. Marketing related costs, such as non-permanent signage, brochures and marketing materials as well as the cost to convert the model into a salable unit are expensed as incurred. Costs to furnish the model home sites, permanent signage, and construction of sales facilities are capitalized to property and equipment and depreciated over the estimated life of the community based on the number of lots in the community which typically range from 2 to 3 years. Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Depreciation is charged to expense on the straight-line basis over the estimated useful life of each asset. The estimated useful lives for each major depreciable classification of property and equipment are as follows: Years Buildings and improvements 3 – 40 years Leasehold improvements 3 – 10 years Machinery and equipment 3 – 25 years Furniture and fixtures 2 – 7 years Model furnishings 2 – 3 years Computer hardware and software 1 – 5 years Mortgage Loans Held for Sale Our Financial Services segment is principally comprised of our mortgage lending operations, Inspire Home Loans, Inc. (which we refer to as “Inspire”). Inspire is a full-service mortgage lender and primarily originates mortgage loans for our homebuyers. Inspire sells substantially all of the loans it originates and their related servicing rights in the secondary mortgage market within a short period of time after origination, generally within 30 days. Inspire primarily finances these loans under its mortgage repurchase facilities. Mortgage loans in process for which interest rates were committed to borrowers totaled approximately $ 37.6 million and $ 26.2 million at December 31, 2019 and December 31, 2018, respectively, and carried a weighted average interest rate of approximately 3.9 %, and 4.7 %, respectively. As of December 31, 2019 and 2018, Inspire had mortgage loans held for sale with an aggregate fair value of $ 185.2 million and $ 112.4 million, respectively, and an aggregate outstanding principal balance of $ 179.3 million and $ 108.0 million, respectively. Our net gains on the sale of mortgage loans were $ 32.2 million, $ 22.0 million and $ 5.8 million for the years ended December 31, 2019, 2018, and 2017, respectively, and are included in the financial services revenue on the consolidated statements of operations. Interest rate risks related to these obligations are mitigated by the preselling of loans to investors or through our interest rate hedging program. Mortgage loans held-for-sale, including the rights to service the mortgage loans, as well as the derivative instrument used to economically hedge our interest rate risk, which are typically forward commitments on mortgage backed securities, are carried at fair value and changes in fair value are reflected in financial services revenue on the consolidated statement of operations. Management believes carrying loans held-for-sale at fair value improves financial reporting by mitigating volatility in reported earnings caused by measuring the fair value of the loans and the derivative instruments used to economically hedge them. Amortizable Intangible Assets Amortizable intangible assets consist of the estimated fair value of non-compete agreements, trade names, and home plans associated with our historical acquisitions. These acquisitions were accounted for as business combinations as defined in ASC 805, Business Combinations . A high degree of judgment is made by management on variables, such as revenue growth rates, profitability, and discount rates, when calculating the value of the intangible assets. The identified intangible assets are amortized over their respective estimated useful lives. Non-compete agreements, trade names and other intangible assets are amortized to selling, general and administrative expenses in the consolidated statements of operations. During the year ended December 31, 2019, the Company impaired its trade name intangible asset associated with Wade Jurney Homes resulting in a $ 2.8 million loss and sold a cell phone tower lease, which resulted in a gain of $ 0.8 million. For further information see Note 5 – Amortizable Intangible Assets . The estimated lives for each major amortizable classification of intangible assets are as follows: Years Home construction contracts 1 – 2 years Non-compete agreements 2 – 5 years Home plans 7 years Earnest Money Deposits We collect earnest money deposits at the time a home buyer’s contract is accepted. Earnest money deposits held on homes under contract as of December 31, 2019 and 2018, totaled $ 10.6 million and $ 14.0 million, respectively, and are included in accrued expenses and other liabilities on the consolidated balance sheets. Stock-Based Compensation We account for stock-based awards in accordance with ASC 718, Compensation—Stock Compensation . ASC 718 requires us to estimate the grant date fair value of stock-based compensation awards and to recognize the fair value as compensation costs over the requisite service period, which is generally three years, for all awards that vest. We value our restricted stock awards and restricted stock units equal to the closing price of our common stock on the New York Stock Exchange on the date of grant. Stock-based compensation expense associated with outstanding performance share units is measured using the grant date fair value and is based on the estimated achievement of the established performance criteria at the end of each reporting period until the performance period ends, recognized on a straight-line basis over the performance period. Stock-based compensation expense is only recognized for performance share units that we expect to vest, which we estimate based upon an assessment of the probability that the performance criteria will be achieved. The performance share units granted during the fiscal years ended December 31, 2019 and 2018 have three-year performance-based metrics measured over performance periods from January 1, 2019 to December 31, 2021 and January 1, 2018 to December 31, 2020, respectively. Stock-based compensation expense associated with outstanding performance share units is updated for actual forfeitures. Income Taxes We account for income taxes in accordance with ASC 740, Income Taxes , which requires recognition of deferred tax assets and liabilities at enacted income tax rates for the temporary differences between the financial reporting bases and the tax bases of its assets and liabilities. Any effects of changes in income tax rates or tax laws are included in the provision for income taxes in the period of enactment. When it is more likely than not that a portion or all of a deferred tax asset will not be realized in the future, the Company provides a corresponding valuation allowance against the deferred tax asset. As of December 31, 2019 and 2018, we had no valuation allowance recorded against our deferred tax assets. In addition, when it is more likely than not that a tax position will be sustained upon examination by a tax authority that has full knowledge of all relevant information, the Company measures the amount of tax benefit from the position and records the largest amount of tax benefit that is more likely than not of being realized after settlement with a tax authority. The Company’s policy is to recognize interest to be paid on an underpayment of income taxes in interest expense and any related statutory penalties in the Provision for income taxes on the consolidated statements of operations. As of December 31, 2019 and 2018, we had no reserves for uncertain tax positions. Goodwill We evaluate goodwill for possible impairment in accordance with ASC 350, Intangibles–Goodwill and Other, on an annual basis, or more frequently if events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. We use a two step process to assess whether or not goodwill can be realized. The first step is a qualitative assessment that analyzes current economic indicators associated with a particular reporting unit. If the qualitative assessment indicates a stable or improved fair value, no further testing is required. If a qualitative assessment indicates that a significant decline to fair value of a reporting unit is more likely than not, we will proceed to the second step where we calculate the fair value of a reporting unit based on discounted future cash flows. If this step indicates that the carrying value of a reporting unit is in excess of its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. As of December 31, 2019 and 2018, we determined our goodwill was no t impaired. Business Combinations We account for business combinations in accordance with ASC 805, Business Combinations , if the acquired assets assumed and liabilities incurred constitute a business. We consider acquired companies to constitute a business if the acquired net assets and processes have the ability to create outputs in the form of revenue. For acquired companies constituting a business, we recognize the identifiable assets acquired and liabilities assumed at their acquisition-date fair values and recognize any excess of total consideration paid over the fair value of the identifiable net assets as goodwill. Variable Interest Entities (VIEs) We review land option contracts where we have a non-refundable deposit to determine whether the corresponding land seller is a VIE and, if so, whether we are the primary beneficiary. In determining whether we are the primary beneficiary, we consider, among other things, whether we have the power to direct the activities that most significantly impact the economic performance of the VIE. In making this determination, we consider whether we have the power to direct certain activities, including, but not limited to, determining or limiting the scope or purpose of the VIE, the ability to sell or transfer property owned or controlled by the VIE, or arranging financing for the VIE. We are not the primary beneficiary of any VIE as of December 31, 2019 and 2018. We analyzed each of our land option contracts to determine whether the land seller is a VIE and, if so, whether we are the primary beneficiary. Although we do not have legal title to the underlying land, we are required to consolidate a VIE if we are the primary beneficiary. As a result of our analysis, we determined that as of December 31, 2019, we were not the primary beneficiary of any VIE from which we have acquired rights to land under the land option contract. As of December 31, 2019 and 2018, we had non-refundable cash deposits totaling $ 43.0 million and $ 42.6 million, respectively, classified in prepaid expenses and other assets in our consolidated balance sheets for land option contracts. The non-refundable deposit is our maximum exposure to loss for the transactions as of December 31, 2019 and 2018, respectively. Advertising and Marketing Costs Advertising and marketing costs are expensed as incurred and totaled $ 17.0 million, $ 17.4 million and $ 12.6 million for the years ended December 31, 2019, 2018 and 2017, respectively. Advertising and marketing costs are included in selling, general and administrative on the consolidated statement of operations. Reclassifications In order to conform to current year presentation, mortgage loans held for investment and derivative assets of $ 1.0 million and $ 0.7 million, respectively, have been reclassified to prepaid expenses and other assets from mortgage loans held for sale on the consolidated balance sheets as of December 31, 2018. Recently Issued Accounting Standards Leases The Financial Accounting Standards Board (which we refer to as “FASB”) issued ASC 842, Leases (which we refer to as “ASC 842”) which requires the recognition of lease assets and lease liabilities by lessees for most leases. ASC 842 was effective for the Company beginning January 1, 2019 and interim periods within the annual period. We adopted ASC 842 under a modified retrospective approach using the option to apply the transition provisions on the effective date January 1, 2019. The Company’s leases primarily consist of leases for office space and computer and office equipment where we are the lessee. ASC 842 includes several practical expedients which we elected upon adoption including to (a) not reassess the lease classification for any expired or existing leases and (b) not reassess whether previously capitalized initial direct costs qualify for capitalization under ASC 842. Additionally, we elected to utilize hindsight when determining the lease term. The adoption of ASC 842 resulted in the establishment of a right of use asset of $ 17.7 million which is presented within prepaid expenses and other assets on our consolidated balance sheets and a lease liability of $ 18.7 million which is presented within accrued expenses and other liabilities on our consolidated balance sheets as of January 1, 2019. The adoption of ASC 842 did not impact stockholders’ equity. Cash Flows In August 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-15, Statement of Cash Flows - Classification of Certain Cash Receipts and Cash Payments . ASU 2016-15 consists of eight provisions that provide guidance on the classification of certain cash receipts and cash payments in the statement of cash flows. In November 2016, the FASB issued ASU 2016-18 “Statement of Cash Flows – Restricted Cash.” ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and restricted cash when reconciling the beginning of period and end of period total amounts shown on the statement of cash flows. We adopted ASU 2016-15 and ASU 2016-18 on January 1, 2018. Upon adoption of ASU 2016-18, we have included restricted cash in the beginning and ending balances on our statements of cash flows to present the changes during the period in total cash, cash equivalents and restricted cash. Distributions from investments in unconsolidated subsidiaries are classified based on the nature of the activity of the investee that generated the distribution on our statements of cash flows. In accordance with ASU 2016-18, our prior year statements of cash flows have also been retrospectively adjusted. Revenue Recognition On January 1, 2018, we adopted ASC 606, Revenue from Contracts with Customers . ASC 606 requires entities to recognize revenues when control of the promised goods or services is transferred to customers at an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. We adopted ASC 606 using the modified retrospective approach for contracts which were not completed as of January 1, 2018. While the adoption of ASC 606 did not result in a material impact to our consolidated financial statements, it did impact the following:  Certain immaterial costs incurred related to our model homes, which were previously capitalized to inventory, are now expensed as incurred.  Forfeited customer earnest money deposits, which were previously presented in other income within our c onsolidated statements of operations, are presented as other revenue.  Land sales to third parties which do not meet the definition of a customer in ASC 606 are classified as other income in our c onsolidated statements of operations .  Deferral of an allocated amount of revenue and costs associated with unsatisfied performance obligations, primarily the installation of landscaping, at the time of home delivery.  Reclassification of certain costs related to our model homes from inventory to property and equipment on our consolidated balance sheets. Under the modified retrospective approach, we recorded an opening adjustment to decrease retained earnings by $ 0.6 million, related to model homes costs that were previously capitalized to inventory, but would have been expensed as incurred under ASC 606. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting. Financial Instruments - Credit Losses In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326) . The standard changes the accounting for credit losses for most financial assets and certain other instruments. Credit losses which have historically been accounted for on an incurred loss basis will now be accounted for using an estimate of lifetime expected credit losses. This will generally result in earlier recognition of allowances for credit losses. The standard is effective for the Company on January 1, 2020. Upon adoption, the standard will be applied through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. We do not anticipate this standard will have a material effect on the consolidated financial statements and related disclosures. Internal-Use Software In August 2018, the FASB issued ASU 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force) . This update is intended to help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement by providing guidance for determining when the arrangement includes a software license. The standard is effective for the Company on January 1, 2020. We do not anticipate this standard will have a material effect on the consolidated financial statements and related disclosures.

Reporting Segments

Reporting Segments	12 Months Ended
	Dec. 31, 2019
Reporting Segments [Abstract]
Reporting Segments	2. Reporting Segments Our homebuilding operations are engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in 17 states. We build and sell homes under our Century Communities and Wade Jurney Homes brands. Our Century Communities brand is managed by geographic location, and each of our four geographic regions targets a wide range of buyer profiles including: first time, first and second time move up, and lifestyle homebuyers, and provides our homebuyers with the ability to personalize their homes through certain option and upgrade selections. Each of our four geographic regions is considered a separate operating segment. Our Wade Jurney Homes brand targets first time homebuyers, primarily sells homes through retail studios and the internet, and provides no option or upgrade selections. Our Wade Jurney Homes brand currently has operations in 11 states and is managed separately from our four geographic regions. Accordingly, it is considered a separate operating segment. The management of our four geographic regions and Wade Jurney Homes reports to our chief operating decision makers (which we refer to as “CODMs”), the Co-Chief Executive Officers of our Company. The CODMs review the results of our operations, including total revenue and income before income tax expense to determine profitability and to allocate resources. Accordingly, we have presented our homebuilding operations as the following five reportable segments:  West (California and Washington)  Mountain (Colorado, Nevada and Utah)  Texas  Southeast (Georgia, North Carolina, South Carolina and Tennessee)  Wade Jurney Homes (Alabama, Arizona, Florida, Georgia, Indiana, Iowa, Michigan, North Carolina, Ohio, South Carolina, and Texas) We have also identified our Financial Services operations, which provide mortgage, title, and insurance services to our homebuyers, as a sixth reportable segment. Our Corporate operations are a non-operating segment, as it serves to support our homebuilding, and to a lesser extent our financial services operations, through functions, such as our executive, finance, treasury, human resources, accounting and legal departments. The following table summarizes total revenue and income before income tax expense by segment (in thousands): Year ended December 31, 2019 2018 2017 Revenue: West $ 534,613 $ 459,254 210,696 Mountain 729,045 701,985 616,517 Texas 252,921 213,508 165,170 Southeast 548,661 530,891 421,563 Wade Jurney Homes 427,409 210,051 — Financial Services 43,262 31,724 9,853 Corporate — — — Total revenue $ 2,535,911 $ 2,147,413 $ 1,423,799 Income (loss) before income tax expense: West $ 43,027 $ 38,380 14,640 Mountain 89,201 89,048 75,704 Texas 25,866 13,682 10,952 Southeast 31,435 33,267 29,662 Wade Jurney Homes 22,044 ( 754 ) — Financial Services 10,687 8,766 1,225 Corporate ( 89,625 ) ( 53,859 ) ( 48,019 ) Total income before income tax expense $ 132,635 $ 128,530 $ 84,164 The following table summarizes total assets by segment (in thousands): December 31, December 31, 2019 2018 West $ 610,248 $ 502,381 Mountain 635,201 621,757 Texas 232,887 209,550 Southeast 441,818 448,681 Wade Jurney Homes 244,827 204,925 Financial Services 254,282 146,710 Corporate 80,704 120,251 Total assets $ 2,499,967 $ 2,254,255 Corporate assets include certain cash and cash equivalents, receivables related to income taxes and our rebates programs, prepaid insurance and other prepaid expenses, property and equipment, and deferred financing costs on our revolving line of credit.

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
Business Combinations	3. Business Combinations UCP, Inc. On August 4, 2017, we acquired UCP, Inc. which was a homebuilder and land developer with expertise in residential land acquisition, development and entitlement, as well as home design, construction and sales, and with operations in the States of California, Washington, North Carolina, South Carolina and Tennessee. The merger was unanimously approved by the board of directors of both the Company and UCP and was also approved by UCP stockholders on August 1, 2017. In connection with the merger, each share of UCP Class A common stock outstanding immediately prior to the closing was converted into $ 5.32 in cash and 0.2309 of a newly issued share of our common stock. No fractional shares were issued in connection with the merger, and UCP stockholders received cash in lieu of any fractional shares. Approximately 4.2 million shares of our common stock were issued and $ 100.2 million in cash was paid in connection with the merger. Outstanding UCP restricted stock units were also converted into an aggregate amount of 0.2 million Century Communities restricted stock units pursuant to the merger. We determined that the total fair value of these awards was $ 6.2 million, of which $ 1.1 million was attributable to services performed by UCP employees prior to the merger and, as such, was included as consideration. During the year ended December 31, 2017, we incurred $ 9.6 million in acquisition related expenses, presented as acquisition expense on the consolidated statement of operations. Total consideration of $ 209.0 million inclusive of cash acquired of $ 20.3 million is summarized as follows (in thousands, except per share amount): UCP shares (including noncontrolling interest) as of August 3, 2017 18,085 Cash paid per share $ 5.32 Cash consideration $ 96,213 Cash consideration pertaining to stockholder exercising appraisal rights $ 3,937 Total cash consideration $ 100,150 UCP shares (including noncontrolling interest) as of August 3, 2017 18,085 Exchange ratio 0.2309 Number of CCS shares issued 4,176 Closing price of CCS common stock on August 3, 2017 $ 25.80 Consideration attributable to common stock $ 107,737 Total replacement award value $ 1,149 Total equity consideration $ 108,886 Total consideration in cash and equity $ 209,036 The acquired assets consisted of approximately 4,199 owned lots within 43 total communities in the States of California, Washington, North Carolina, South Carolina and Tennessee. The 4,199 lots included 346 homes in backlog and 59 model homes. 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. The following table summarizes our estimate of the fair value of assets acquired and liabilities assumed as of the acquisition date of UCP (in thousands): Cash and cash equivalents $ 20,264 Accounts receivable 7,897 Inventories 390,234 Prepaid expenses and other assets 6,988 Property and equipment, net 717 Deferred tax asset, net 11,984 Goodwill 5,713 Total assets $ 443,797 Accounts payable $ 10,712 Accrued expenses and other liabilities 71,130 Notes payable 152,919 Total liabilities 234,761 Purchase price/Net equity $ 209,036 During the year ended December 31, 2018, we recognized $ 1.5 million of expense related to refinements in our estimated fair value of inventories, which occurred during the period. This measurement period adjustment is included in cost of home sales revenues on our consolidated statements of operations. 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 recently started lots to fully completed single family residences. We estimated a market participant would require a gross margin ranging from 6 % to 20 % based upon the stage of production of the individual lot. Goodwill represents the excess of the purchase price over the fair value of assets acquired and liabilities assumed. Goodwill of $ 5.4 million will be deductible for tax purposes. On August 17, 2017, we sold BMCH South Carolina, LLC, a subsidiary of UCP that was recently acquired as part of our acquisition of UCP, to a third party for approximately $ 17.1 million. Accordingly, the estimated fair value of the acquired assets of BMCH South Carolina, LLC was determined to be equal to the disposal price given the proximity of the two transactions. We determined that UCP’s carrying costs approximated fair value for all other acquired assets and assumed liabilities. Sundquist Homes On October 31, 2017, we acquired substantially all the assets and operations and assumed certain liabilities of Sundquist Homes and affiliates, a homebuilder with operations in the greater Seattle, Washington area, for approximately $ 50.2 million in cash. The acquired assets include owned and controlled land, homes under construction and model homes. 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. The following table summarizes our estimate of the fair value of the assets acquired and liabilities assumed as of the acquisition date of Sundquist Homes (in thousands): Accounts receivable $ 11 Inventories 55,077 Prepaid expenses and other assets 1,050 Property and equipment, net 142 Total assets $ 56,280 Accounts payable $ 3,646 Accrued expenses and other liabilities 2,431 Total liabilities 6,077 Purchase price/Net equity $ 50,203 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 recently started lots to fully completed single family residences. We estimated a market participant would require a gross margin ranging from 6 % to 20 % based upon the stage of production of the individual lot. Goodwill of $ 4.8 million will be deductible for tax purposes in connection with this acquisition. We determined that Sundquist Home’s carrying costs approximated fair value for all other acquired assets and assumed liabilities. WJH, LLC - Wade Jurney Homes On June 14, 2018, we acquired the remaining 50 % ownership interest in WJH for $ 37.5 million, whereby WJH became a 100 % owned subsidiary of the Company. We initially acquired a 50 % ownership interest in WJH in November 2016 as part of a joint venture, which was accounted for under the equity method of accounting. Our Wade Jurney Homes brand targets first time homebuyers, primarily sells homes through retail studios and the internet, and provides no option or upgrade selections . The acquired assets primarily include homes under construction that are in various stages of completion and are geographically dispersed. We determined that the fair value of the gross assets acquired was not concentrated in a single identifiable asset or group of similar identifiable assets. 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 $ 0.4 million in acquisition costs which are reflected in acquisition expenses in our consolidated statements of operations. Authoritative guidance on accounting for business combinations requires that an acquirer re-measure its previously held equity interest in the acquisition at its acquisition date fair value and recognize the resulting gain or loss in earnings. As such, we valued our previously held equity interest in WJH at $ 35.6 million, which is inclusive of an estimated discount for lack of control of $ 1.9 million, and recognized a gain of $ 7.2 million during the year ended December 31, 2018. The gain is included in equity in income of unconsolidated subsidiaries on our consolidated statements of operations. The following table outlines the total consideration transferred, inclusive of cash acquired and the fair value of our previously held equity interest (in thousands): Cash consideration transferred for 50% ownership interest $ 37,500 Previously held equity interest acquisition date fair value 35,625 Net assets acquired $ 73,125 The following table summarizes our preliminary estimates of the assets acquired and liabilities assumed as of the acquisition date (in thousands): Cash and cash equivalents $ 9,464 Cash held in escrow 260 Accounts receivable 1,042 Inventories 156,828 Prepaid expenses and other assets 7,710 Amortizable intangible assets 3,600 Goodwill 3,317 $ 182,221 Accounts payable $ 12,516 Accrued expenses and other liabilities 2,349 Senior notes and revolving line of credit 94,231 Total liabilities 109,096 Net assets acquired $ 73,125 Acquired inventories consist primarily of work in process inventories. 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 recently started lots to fully completed single family residences. Amortizable intangible assets included acquired trade names and a non-compete agreement, which were estimated to have fair values of $ 3.3 million and $ 0.3 million, respectively, and are amortized over 10 years and 2 years, respectively. During the year ended December 31, 2019, we impaired our Wade Jurney trade name of $ 3.3 million and $ 0.5 million of associated accumulated amortization, resulting in a $ 2.8 million loss, which is included in inventory impairment and other in our consolidated statements of operations. See Note 5 – Amortizable Intangible Asset for further information regarding the trade name impairment. The purchase price accounting reflected in the accompanying financial statements was completed during the year ended December 31, 2019. We determined that WJH’s carrying costs approximated fair value for all other acquired assets and assumed liabilities. From the acquisition date, WJH’s results of operations, which include homebuilding revenues of $ 210.1 million, and income before tax inclusive of purchase price accounting, of $( 0.8 ) million, are included in our accompanying consolidated statement of operations for the year ended December 31, 2018. Unaudited Pro Forma Financial Information Unaudited pro forma revenue and income before tax expense for the years ended December 31, 2018 and 2017 give effect to the results of the acquisitions of WJH, UCP and Sundquist Homes. The effect of the WJH acquisition is reflected as though the acquisition date was as of January 1, 2017. The effect of the UCP and Sundquist Homes acquisitions is reflected as though the acquisition date was as of January 1, 2017. Unaudited pro forma income before tax expense adjusts the operating results of WJH, UCP, and Sundquist Homes to reflect the additional costs that would have been recorded assuming the fair value adjustments had been applied as of the beginning of the year preceding the year of acquisition and excludes acquisition expense incurred related to the transactions. Pro forma basic and diluted EPS gives effect to the issuance of approximately 4.2 million shares of common stock as consideration for the acquisition of UCP as though the acquisition had occurred on January 1, 2017 (in thousands, except share and per share information ): Year ended December 31, 2018 2017 Total revenues $ 2,297,804 $ 1,990,577 Income before tax expense $ 148,245 $ 111,038 Income tax expense ( 37,061 ) ( 31,753 ) Net income $ 111,184 $ 79,285 Less: Undistributed earnings allocated to participating securities ( 68 ) ( 517 ) Numerator for basic and diluted pro forma EPS $ 111,116 $ 78,768 Pro forma weighted average shares-basic 30,084,913 28,456,725 Pro forma weighted average shares-diluted 30,391,346 28,760,635 Pro forma basic EPS $ 3.69 $ 2.77 Pro forma diluted EPS $ 3.66 $ 2.74

Inventory

Inventory	12 Months Ended
	Dec. 31, 2019
Inventory [Abstract]
Inventory	4. Inventory Inventory included the following (in thousands): December 31, December 31, 2019 2018 Homes under construction $ 1,091,576 $ 1,073,682 Land and land development 836,904 720,719 Capitalized interest 67,069 53,842 Total inventories $ 1,995,549 $ 1,848,243

Amortizable Intangible Assets

Amortizable Intangible Assets	12 Months Ended
	Dec. 31, 2019
Amortizable Intangible Assets [Abstract]
Amortizable Intangible Assets	5. Amortizable Intangible Assets Amortizable intangible assets included the following (in thousands): As of December 31, 2019 2018 Home plans $ 764 $ 764 Non-compete agreements 300 5,365 Trade names — 3,300 Cell phone tower lease — 1,408 Gross intangible assets 1,064 10,837 Accumulated amortization ( 856 ) ( 5,742 ) Intangible assets, net $ 208 $ 5,095 We recognized amortization expense on our intangible assets of $ 1.2 million, $ 1.4 million and $ 1.3 million during the years ended December 31, 2019, 2018 and 2017, respectively. During the year ended December 31, 2019, we wrote off fully amortized intangible assets totaling $ 6.9 million and the related accumulated amortization. We did no t write off any fully amortized intangible assets during the year ended December 31, 2018. On February 6, 2020, we announced a rebranding of Wade Jurney Homes to Century Complete. Accordingly, we recorded an impairment charge of $ 2.8 million for the net intangible asset associated with the Wade Jurney Homes trade name as of December 31, 2019. The impairment charge is reflected in inventory impairment and other on our consolidated statement of operations. During the year ended December 31, 2019, the Company also sold cell phone tower leases with a carrying value of $ 1.4 million and $ 0.5 million of associated accumulated amortization for $ 1.7 million, resulting in a gain of $ 0.8 million which is presented in other income (expense) on the consolidated statements of operations.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2019
Property and Equipment [Abstract]
Property and Equipment	6. Property and Equipment Property and equipment included the following (in thousands): December 31, December 31, 2019 2018 Land $ 3,289 $ 3,289 Buildings and improvements 3,849 3,095 Leasehold improvements 3,138 1,882 Machinery and equipment 11,058 11,110 Furniture and fixtures 2,657 3,349 Model furnishings 29,829 24,118 Computer hardware and software 11,765 8,244 65,585 55,087 Less accumulated depreciation ( 29,587 ) ( 21,829 ) Total property and equipment, net $ 35,998 $ 33,258

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets	12 Months Ended
	Dec. 31, 2019
Prepaid Expenses and Other Assets [Abstract]
Prepaid Expenses and Other Assets	7. Prepaid Expenses and Other Assets Prepaid expenses and other assets included the following (in thousands): December 31, December 31, 2019 2018 Prepaid insurance $ 26,175 $ 20,226 Lot option and escrow deposits 48,810 51,038 Right of use assets 18,854 — Performance deposits 6,299 4,552 Deferred financing costs revolving line of credit, net 4,574 4,155 Restricted cash (1) 3,085 3,539 Secured notes receivable 2,602 4,947 Insurance receivable and other 13,401 51,940 Total prepaid expenses and other assets $ 123,800 $ 140,397 (1) Restricted cash consists of earnest money deposits for home sale contracts held by third parties as required by various jurisdictions, and certain pledge balances associated with our mortgage repurchase facilities.

Investment in Unconsolidated Su

Investment in Unconsolidated Subsidiaries	12 Months Ended
	Dec. 31, 2019
Investment in Unconsolidated Subsidiaries [Abstract]
Investment in Unconsolidated Subsidiaries	8. Investment in Unconsolidated Subsidiaries On November 1, 2016, we acquired a 50 % ownership interest in WJH LLC, which is the successor to Wade Jurney Homes, Inc. and Wade Jurney of Florida, Inc., for $ 15.0 million. As a result of the transaction, we subsequently owned 50 % of WJH and Wade Jurney Jr., an individual, owned the other 50 % interest. Each party contributed an additional $ 3.0 million in capital to WJH upon its formation. The Company and Wade Jurney Jr. shared responsibility for all of WJH’s strategic decisions, with Wade Jurney Jr. continuing to manage the day-to-day operations under the existing operating model. Our investment in WJH was treated as an unconsolidated investment under the equity method of accounting. On June 14, 2018, we acquired the remaining 50 % ownership interest in WJH for $ 37.5 million, whereby WJH became a 100 % owned subsidiary of the Company. For the period from January 1, 2018 through June 14, 2018, we recognized $ 14.8 million of equity in income of unconsolidated subsidiaries, and received $ 7.4 million in in operating distributions. During the year ended December 31, 2017, we recognized $ 12.2 million of equity in income of unconsolidated subsidiaries, made capital contributions totaling $ 3.0 million and received operating distributions from WJH of $ 5.2 million. The following table provides unaudited selected financial information for WJH for the year ended December 31, 2017 (in thousands): December 31, 2017 (unaudited) Homebuilding revenues $ 271,653 Income before income tax expense $ 26,185

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	12 Months Ended
	Dec. 31, 2019
Accrued Expenses and Other Liabilities [Abstract]
Accrued Expenses and Other Liabilities	9. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities included the following (in thousands): December 31, December 31, 2019 2018 Earnest money deposits $ 10,592 $ 13,990 Warranty reserve 9,731 7,970 Accrued compensation costs 30,888 29,770 Land development and home construction accruals 110,284 77,748 Lease liabilities - operating leases 19,306 — Accrued interest 14,562 15,636 Income taxes payable 329 — Liability for product financing arrangement and other 18,283 68,043 Total accrued expenses and other liabilities $ 213,975 $ 213,157

Warranties

Warranties	12 Months Ended
	Dec. 31, 2019
Warranties [Abstract]
Warranties	10. Warranties 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 $ 1.9 million, $ 3.4 million and $ 1.5 million during the years ended December 31, 2019, 2018 and 2017, respectively, which is included as a reduction to cost of home sales revenues on our consolidated statements of operations. Changes in our warranty accrual for the years ended December 31, 2019, 2018, and 2017 are detailed in the table below (in thousands): Year ended December 31, 2019 2018 2017 Beginning balance $ 7,970 $ 8,531 $ 2,479 Warranty reserve assumed in business combination — 397 5,327 Warranty expense provisions 7,727 6,686 4,709 Payments ( 4,024 ) ( 4,204 ) ( 2,526 ) Warranty adjustment ( 1,942 ) ( 3,440 ) ( 1,458 ) Ending balance $ 9,731 $ 7,970 $ 8,531

Debt

Debt	12 Months Ended
	Dec. 31, 2019
Debt [Abstract]
Debt	11. Debt Our outstanding debt obligations included the following as of December 31, 2019 and 2018 (in thousands): December 31, December 31, 2019 2018 6.750% senior notes, due May 2027 (1) $ 494,307 $ — 5.875% senior notes, due July 2025 (1) 396,120 395,415 6.875% senior notes, due May 2022 (1) — 380,567 Other financing obligations 6,277 8,795 Notes payable 896,704 784,777 Revolving line of credit, due April 2023 68,700 202,500 Mortgage repurchase facilities 174,095 104,555 Total debt $ 1,139,499 $ 1,091,832 (1) The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes. Issuance of Initial 6.750% Senior Notes Due 2027 In May 2019, we completed a private offering of $ 500.0 million aggregate principal amount of the Company’s Initial 6.750 % Senior Notes due 2027 (which we refer to as the “Initial Notes due 2027”) in reliance on Rule 144A and Regulation S under the Securities Act of 1933 (which we refer to as the “Securities Act”). The Initial Notes due 2027 were issued under the Indenture, dated as of May 23, 2019, among the Company, our subsidiary guarantors party thereto, and U.S. Bank National Association, as trustee (which we refer to as the “May 2019 Indenture,” as it may be supplemented or amended from time to time). The Initial Notes due 2027 were issued at 100% of their principal amount and we received net proceeds of $ 493.9 million. The Initial Notes due 2027 contain certain restrictive covenants on issuing future secured debt and other transactions. The aggregate principal balance of the Initial Notes due 2027 is due June 2027, with interest only payments due semi-annually in June and December of each year, beginning on December 1, 2019. In connection with this issuance, the Company deferred $ 6.1 million of issuance costs, which is presented in notes payable in the consolidated balance sheet. Exchange Offer for 6.750% Senior Notes Due 2027 On January 10, 2020, we commenced an exchange offer (which we refer to as the “Exchange Offer”) on the previously issued Initial Notes Due 2027 for 6.750 % Senior Notes Due 2027 (which we refer to as the “Exchange Notes due 2027” or the “6.750% Senior Notes due 2027”) which were identical in all material respects to the Initial Notes due 2027, except that the Exchange Notes due 2027 are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions applicable to the Initial Notes due 2027 do not apply to the Exchange Notes due 2027. The Exchange Offer is scheduled to expire at 5:00 P.M., New York City time, on the evening of February 14, 2020, unless extended by us. 5.875% Senior Notes Due 2025 In May 2017, we completed a private offering of $ 400 million in aggregate principal amount of our 5.875 % Senior Notes due 2025 (which we refer to as the “Initial Notes due 2025”) in reliance on Rule 144A and Regulation S under the Securities Act. The May 2017 Senior Notes were issued under the Indenture, dated as of May 12, 2017, among the Company, our subsidiary guarantors party thereto, and U.S Bank National Association, as trustee (which we refer to as the “May 2017 Indenture,” as it may be supplemented or amended from time to time). The Initial Notes due 2025 were issued at a price equal to 100.00 % of their principal amount, and we received net proceeds of approximately $ 395.5 million. In December 2017, we completed an offer to exchange approximately $ 400.0 million in aggregate principal amount of our Initial Notes due 2025 , which are registered under the Securities Act (which we refer to as the “Exchange Notes due 2025”), for an equivalent amount of the Initial Notes due 2025 that were tendered and accepted for exchange. The terms of the Exchange Notes due 2025 are identical in all material respects to the Initial Notes due 2025, except that the Exchange Notes due 2025 are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions that are applicable to the Initial Notes due 2025 do not apply to the Exchange Notes due 2025. The Initial Notes due 2025 and Exchange Notes due 2025 (which we refer to collectively, as the “Existing Notes due 2025”) will be treated as a single series of notes under the May 2017 Indenture, and will vote as a single class of notes for all matters submitted to a vote of holders under the May 2017 Indenture. The Existing Notes due 2025 are unsecured senior obligations which are guaranteed on an unsecured senior basis by certain of our current and future subsidiaries. The May 2017 Indenture governing the Existing Notes due 2025 contains certain restrictive covenants on issuing future secured debt and other transactions. The aggregate principal balance of the Existing Notes due 2025 is due July 2025 , with interest only payments due semi-annually in January and July of each year. As of December 31, 2019, the aggregate obligation, inclusive of unamortized financing costs on the Existing Notes due 2025 was $ 396.1 million. 6.875% Senior Notes Due 2022 From May 2014 through January 2017, we completed three private offerings totaling $ 385.0 million in aggregate principal amount of our 6.875 % Senior Notes due 2022 (the “Notes due 2022”) , under the Securities Act. The Notes due 2022 were issued under the Indenture, dated as of May 5, 2014, among the Company, our subsidiary guarantors party thereto, and U.S Bank National Association, as trustee (which we refer to as the “May 2014 Indenture”). The Notes due 2022 were unsecured senior obligations which were guaranteed on an unsecured senior basis by certain of our current and future subsidiaries. The May 2014 Indenture governing the Notes due 2022 contained certain restrictive covenants on issuing future secured debt and other transactions. The aggregate principal balance of the 2022 Notes was due May 2022, with interest only payments due semi-annually in May and November of each year. Extinguishment of 6.875% Senior Notes Due 2022 During the year ended December 31, 2019, the Company extinguished $ 385.0 million in outstanding principal of our Notes due 2022. The extinguishment was the result of two separate transactions whereby a tender offer validly tendered $ 189.3 million of the Notes due 2022 on March 23, 2019 and the remaining $ 195.7 million was redeemed in accordance with the Indenture agreement on June 10, 2019. The transaction resulted in a loss of $ 10.8 million, which is presented in loss on debt extinguishment in the consolidated statement of operations for the year ended December 31, 2019. 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. On June 5, 2018, we entered into an Amended and Restated Credit Agreement which amended and restated the Credit Agreement. The Amended and Restated Credit Agreement provided us with a revolving line of credit of up to $ 540.0 million, and unless terminated earlier, matured on April 30, 2022 . Under the terms of the Amended and Restated Credit Agreement we were entitled to request an increase in the size of the credit facility by an amount not exceeding $ 100.0 million. On June 28, 2018, we entered into a Joinder Agreement which increased the credit facility to $ 590.0 million by exercising $ 50.0 million of the $ 100.0 million accordion feature and added a new lender. On February 12, 2019, we entered into a Joinder Agreement which increased the credit facility to $ 640.0 million by exercising the final $ 50.0 million of the $ 100.0 million accordion feature and added a new lender. On December 13, 2019, the Company entered into a First Modification Agreement (the “First Modification Agreement”) with the lenders party thereto, to the Amended and Restated Credit Agreement, which extends the maturity date, unless terminated earlier, of the credit agreement to April 30, 2023 and entitles the Company to request an increase in the size of the credit facility by an amount not exceeding $ 110.0 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 First Modification Agreement, subject to the approval of the Administrative Agent. Under the terms of the First Modification Agreement, we are able to request a twelve-month extension of the maturity date. Our obligations under the First Modification Credit Agreement are guaranteed by certain of our subsidiaries. The First Modification Agreement contains customary affirmative and negative covenants (including limitations on our ability to grant liens, incur additional debt, pay dividends, redeem our common stock, make certain investments and engage in certain merger, consolidation or asset sale transactions), as well as customary events of default. These covenants are measured as defined in the First Modification Agreement and are reported to the lenders quarterly. Borrowings under the First Modification Agreement continue to bear interest at a floating rate equal to the adjusted Eurodollar Rate plus an applicable margin between 2.60 % and 3.10 % per annum, or, in the Administrative Agent’s discretion, a base rate plus an applicable margin between 1.60 % and 2.10 % per annum. As of December 31, 2019, we had $ 68.7 million outstanding under the credit facility and were in compliance with all covenants. Mortgage Repurchase Facilities – Financial Services On May 4, 2018, September 14, 2018 and August 1, 2019, Inspire entered into mortgage warehouse facilities, with Comerica Bank, J.P. Morgan and Wells Fargo, respectively. The mortgage warehouse lines of credit (which we refer to as the “Repurchase Facilities”) provide Inspire with uncommitted repurchase facilities of up to $ 275 million as of December 31, 2019, secured by the mortgage loans financed thereunder. On September 15, 2019 Inspire amended the Master Repurchase Agreement, which provided $ 100.0 million of availability through December 15, 2019 and $ 150.0 million from December 16, 2019 through January 31, 2020. As of December 31, 2019, Inspire had total capacity under the Repurchase Facilities of $ 275.0 million of which $ 174.1 million was outstanding. Amounts outstanding under the Repurchase Facilities are not guaranteed by us or any of our subsidiaries and the agreements contain various affirmative and negative covenants applicable to Inspire that are customary for arrangements of this type. As of December 31, 2019 and 2018, we had $ 174.1 million and $ 104.6 million outstanding under these Repurchase Facilities, respectively, and were in compliance with all covenants thereunder. No assurance can be provided, however, that we will remain in compliance with the covenants or have continued access to these facilities or substitute or replacement facilities in an amount sufficient to fund our mortgage lending business. During the years ended December 31, 2019 and 2018, we incurred interest expense on our Repurchase Facilities of $ 2.7 million and $ 1.4 million, respectively, which are included in financial services costs on our consolidated statements of operations. Other Financing Obligations As of December 31, 2019, we had $ 3.0 million of outstanding land development notes and $ 3.3 million of outstanding insurance premium notes, compared to $ 2.3 million of outstanding land development notes and $ 6.5 million outstanding insurance premium notes for the year ended December 31, 2018. Aggregate annual maturities of debt as of December 31, 2019 are as follows (in thousands): 2020 $ 176,927 2021 3,445 2022 — 2023 68,700 2024 — Thereafter 900,000 Total 1,149,072 Less: Discount and deferred financing costs, net on senior notes ( 9,573 ) Carrying amount $ 1,139,499

Interest

Interest	12 Months Ended
	Dec. 31, 2019
Interest [Abstract]
Interest	12. 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 years ended December 31, 2019, 2018, and 2017, we capitalized all interest costs incurred during these periods, except for interest incurred on our mortgage repurchase facilities. Our interest costs are as follows (in thousands): Year ended December 31, 2019 2018 2017 Interest capitalized beginning of period $ 53,842 $ 41,762 $ 28,935 Interest capitalized during period 74,377 60,772 45,725 Less: capitalized interest in cost of sales ( 61,150 ) ( 48,692 ) ( 32,898 ) Interest capitalized end of period $ 67,069 $ 53,842 $ 41,762

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Taxes [Abstract]
Income Taxes	13. Income Taxes On December 22, 2017, the Tax Cuts and Jobs Act (which we refer to as the “TCJA”) was signed into law. The TCJA significantly reforms the Internal Revenue Code of 1986, as amended. The TCJA, among other things, contains significant changes to corporate taxation, including reduction of the corporate tax rate, commencing in 2018, from a top marginal rate of 35 % to a flat rate of 21 %, limitation of the tax deduction for interest expense to 30 % of adjusted earnings (except for certain small businesses), limitation of the deduction for net operating losses to 80 % of current year taxable income, elimination of net operating loss carrybacks, immediate deductions for certain new investments instead of deductions for depreciation expense over time, and modifying or repealing many business deductions and credits. Also on December 22, 2017 the SEC staff issued Staff Accounting Bulletin No. 118 (which we refer to as “SAB 118”) which addresses the application of ASC Topic 740 to the TCJA. SAB 118 outlines that if the accounting for the effects of the TCJA is incomplete, but a reasonable estimate can be made, then provisional amount should be reflected in the financial statements. Our accounting for the impacts of the TCJA related to current and deferred taxes, and in particular our deferred taxes related to our acquisition of UCP and Sundquist Homes, was incomplete as of the date our financial statements were issued for the year ended December 31, 2017. We remeasured our deferred tax assets and liabilities based on the rates at which they are expected to reverse in the future, which is generally our estimated blended state and federal statutory rate in future periods of approximately 24 %. This remeasurement as of December 31, 2017 resulted in a provisional reduction to our deferred tax assets of $ 2.8 million. During the year ended December 31, 2018, we completed our accounting for the impacts of the TCJA, and recorded an additional reduction to our deferred tax assets of $ 1.5 million. The reductions of $ 1.5 million and $ 2.8 million are reflected in income tax expense in our consolidated statements of operations for the years ended December 31, 2018 and 2017, respectively. Our income tax expense for the years ended December 31, 2019, 2018 and 2017 comprises the following current and deferred amounts (in thousands): Year Ended December 31, 2019 2018 2017 Current Federal $ 9,113 $ 27,815 $ 29,241 State and local 7,354 8,415 3,954 Total current 16,467 36,230 33,195 Deferred Federal 2,528 ( 3,182 ) 920 State and local 646 ( 973 ) ( 246 ) Total deferred 3,174 ( 4,155 ) 674 Income tax expense $ 19,641 $ 32,075 $ 33,869 Total income tax expense differed from the amounts computed by applying the federal statutory income tax rate of 21 % for the years ended December 31, 2019 and 2018, and 35 % for the year ended Decembers 31, 2017 to income before income taxes as a result of the following items (in thousands): Year Ended December 31, 2019 2018 2017 Statutory income tax expense $ 27,844 $ 26,991 $ 29,469 State income tax expense, net of federal income tax expense 5,483 4,847 3,596 Domestic production activities deduction - - ( 2,513 ) Executive compensation 4,123 2,760 - Excess tax benefits upon vesting of share based payment awards ( 252 ) ( 1,276 ) - Remeasurement of deferred tax assets - 1,548 2,790 Federal energy credits ( 17,256 ) ( 2,426 ) - Other permanent items ( 301 ) ( 369 ) 527 Income tax expense $ 19,641 $ 32,075 $ 33,869 Income tax expense for the year ended December 31, 2019 is impacted by a $ 17.3 million benefit associated with the Energy Efficient Home Credit under IRS §45L (which we refer to as “Federal Energy Credits”). The Federal Energy Credits provide eligible contractors a federal income tax credit of $ 2,000 for each home delivered that meets the energy saving and certification requirements under the statute. The Federal Energy Credits had previously expired and were not available to be claimed for any home which was delivered after December 31, 2017. However, on December 20, 2019 an extension of the Federal Energy Credits was enacted into law, which extended the availability of the credit to homes delivered during the years ended December 31, 2018, 2019 and 2020. Deferred income tax assets and liabilities are recognized for the future tax consequences of temporary differences. Temporary differences arise when revenues and expenses for financial reporting are recognized for tax purposes in a different period. ASC 740 requires that a valuation allowance be recorded against deferred tax assets unless it is more likely than not that the deferred tax asset will be utilized. As a result of this analysis, the Company has no t recorded a valuation allowance against its deferred tax assets. The Company will continue to evaluate the need to record valuation allowances against deferred tax assets and will make adjustments in accordance with the accounting standard. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities at December 31, 2019 and 2018 (in thousands): As of December 31, 2019 2018 Deferred tax assets Warranty reserves $ 2,356 $ 1,944 Amortizable intangible assets 2,183 1,127 Stock-based compensation 598 3,055 Accrued compensation and other 2,775 5,075 Inventories, additional costs capitalized for tax 8,206 7,281 Deferred tax asset 16,118 18,482 Deferred tax liabilities Prepaid expenses 264 1,133 Property and equipment 5,265 3,586 Deferred tax liability 5,529 4,719 Net deferred tax asset $ 10,589 $ 13,763 The uncertainty provisions of ASC 740 also require the Company to recognize the impact of a tax position in its consolidated financial statements only if the technical merits of that position indicate that the position is more likely than not of being sustained upon audit. During the year, the Company did no t record a reserve for uncertain tax positions. We file income tax returns in the U.S. federal jurisdiction and various state jurisdictions. We are subject to U.S. federal income tax and various state income tax examinations for calendar tax years ending 2015 through 2019 .

Fair Value Disclosures

Fair Value Disclosures	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Disclosures	14. 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): December 31, 2019 December 31, 2018 Hierarchy Carrying Fair Value Carrying Fair Value Secured notes receivable (1) Level 2 $ 2,602 $ 2,545 $ 4,947 $ 4,830 Mortgage loans held for sale (2) Level 2 $ 185,246 $ 185,246 $ 112,394 $ 112,394 Derivative assets (3) Level 2 $ 1,382 $ 1,382 $ 726 $ 726 5.875% senior notes (4)(5) Level 2 $ 396,120 $ 415,680 $ 395,415 $ 356,000 6.750% senior notes (4)(5) Level 2 $ 494,307 $ 537,500 $ — $ — 6.875% senior notes (4)(5) Level 2 $ — $ — $ 380,567 $ 372,488 Revolving line of credit (6) Level 3 $ 68,700 $ 68,700 $ 202,500 $ 202,500 Other financing obligations (6)(7) Level 2 $ 6,277 $ 6,277 $ 8,795 $ 8,795 Mortgage repurchase facilities (6) Level 2 $ 174,095 $ 174,095 $ 104,555 $ 104,555 (1) Estimated fair value of the secured notes receivable was based on cash flow models discounted at market interest rates which considered the underlying risks of the note. (2) The mortgage loans held for sale are carried at fair value, which is based on quoted market prices for committed mortgage loans. (3) Derivative instruments are carried at fair value and based on market prices for similar instruments. Changes in fair value are reflected in financial services revenue on the condensed consolidated statement of operations. As of December 31, 2019 and December 31, 2018, we had immaterial amounts of derivative liabilities which are presented within accrued expenses and other liabilities on the condensed consolidated balance sheets. Refer to Note 1 – Nature of Operations and Summary of Significant Accounting Policies for further information regarding our derivative instruments. (4) Estimated fair value of the senior notes is based on recent trading activity in inactive markets. (5) Carrying amounts include any associated unamortized deferred financing costs, premiums and discounts. As of December 31, 2019, these amounts totaled $ 5.7 million and $ 3.9 million for the 6.750 % senior notes and 5.875 % senior notes, respectively. As of December 31, 2018, these amounts totaled $ 4.9 million and $ 4.6 million for the 6.875 % senior notes and 5.875 % senior notes, respectively. (6) Carrying amount approximates fair value due to short-term nature and interest rate terms. (7) Insurance premium notes included in other financing obligations bore interest rates ranging from 3.278 % to 3.240 % during the year ended December 31, 2019 and during the year ended December 31, 2018 bore an interest rate of 3.278 %. During the year ended December 31, 2019, we determined that inventory with a carrying value before impairment of $ 12.7 million within five communities was not recoverable. Accordingly, we recognized an impairment charge of $ 2.0 million to reflect the estimated fair value of the communities of $ 10.7 million. The estimated fair value of the communities was determined through a discounted cash flow approach utilizing Level 3 inputs. These inventory impairments were primarily incurred in the Wade Jurney Homes and Mountain segments. The carrying amount of cash and cash equivalents approximates fair value. Nonfinancial assets and liabilities include items such as inventory and property and equipment that are measured at fair value when acquired and resulting from impairment, if deemed necessary.

Leases

Leases	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Leases	15. Leases Under ASC 842, the Company determines if a contract is or contains a lease at inception or modification of a contract. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. Control over the use of the identified asset means the lessee has both (a) the right to obtain substantially all of the economic benefits from the use of the asset and (b) the right to direct the use of the asset. We primarily enter into operating leases for the right to use office space and computer and office equipment, which have lease terms that generally range from 1 to 7 years and often include one or more options to renew. We include renewal terms in the lease term when it is reasonably certain that we will exercise the option. For leases entered into after January 1, 2019, we establish a right of use asset and a lease liability at the commencement date of the lease based on the present value of future minimum lease payments. As the rate implicit in each lease is not readily determinable, we utilize our incremental borrowing rate in determining the present value of future minimum payments. Our incremental borrowing rate is determined based on information available at the commencement date. We account for the lease components and non-lease components as a single lease component. As of December 31, 2019, the Company had $ 18.9 million and $ 19.3 million recognized as a right of use asset and lease liability, respectively, which are presented on the consolidated balance sheet within prepaid expenses and other assets and accrued expenses and other liabilities, respectively. The Company has entered into various short-term operating leases, primarily for marketing billboards, with an initial term of twelve months or less. These leases are not recorded on the Company's consolidated balance sheet. Under both ASC 840 and ASC 842, operating lease expense is recognized on a straight-line basis over the lease term. Operating lease expense was $ 5.9 million, $ 4.1 million and $ 2.6 million for the years ended December 31, 2019, 2018, and 2017, respectively. Information related to the Company’s right of use asset and lease liability were as follows (in thousands): Year Ended December 31, 2019 Cash paid for operating lease liabilities $ 5,361 Right-of-use assets obtained in exchange for new operating lease obligations $ 5,225 Weighted-average remaining lease term 4.13 years Weighted-average discount rate 6.22 % Maturities of lease liabilities as of December 31, 2019 were as follows (in thousands): 2020 $ 5,353 2021 5,406 2022 4,451 2023 3,837 2024 2,542 Thereafter 282 Total $ 21,871 Less: discount ( 2,565 ) Total lease liabilities $ 19,306

Post-Retirement Plan

Post-Retirement Plan	12 Months Ended
	Dec. 31, 2019
Post-Retirement Plan [Abstract]
Post-Retirement Plan	16. Post-Retirement Plan The Company has 401(k) plans available to substantially all employees. The Company generally makes matching contributions of 50 % of employees’ salary deferral amounts on the first 6 % of employees’ compensation. Contributions to the plans during the years ended December 31, 2019, 2018 and 2017 were $ 1.9 million, $ 1.9 million and $ 1.0 million, respectively.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2019
Stock-Based Compensation [Abstract]
Stock-Based Compensation	17. Stock-Based Compensation During the year ended December 31, 2019 and 2018, we granted performance share units (which we refer to as “PSUs”) covering up to 0.6 million shares of common stock, assuming maximum level of performance, with grant date fair values of $ 22.01 and $ 28.10 , respectively, per share that are subject to both service and performance vesting conditions. The quantity of shares that will vest under the PSUs range from 0 % to 250 % of a targeted number of shares for each participant and will be determined based on an achievement of a three-year pre-tax income performance goal. During the year ended December 31, 2019, 2018 and 2017, we also granted restricted stock units (which we refer to as “RSUs”) covering 0.6 million, 0.3 million and 0.5 million shares of common stock, respectively, with grant date fair values of $ 23.85 , $ 30.43 and $ 24.14 per share, respectively, that vest over a one to three-year period. Prior to 2017, we had granted restricted stock awards (“RSAs”) which fully vested during the year ended December 31, 2018. The following table summarizes the activity of our RSUs, PSUs and RSAs for the years ended December 31, 2019, 2018 and 2017 (in thousands): Year Ended December 31, 2019 2018 2017 Shares Weighted average per share grant date fair value Shares Weighted average per share grant date fair value Shares Weighted average per share grant date fair value Outstanding, beginning of year 846 $ 25.14 834 $ 18.16 852 $ 15.81 Granted 882 23.49 592 29.86 460 21.64 Vested ( 430 ) 23.53 ( 491 ) 18.02 ( 452 ) 17.19 Forfeited ( 79 ) 24.99 ( 89 ) 22.44 ( 26 ) 19.63 Outstanding, end of year 1,219 $ 24.64 846 $ 25.14 834 $ 18.16 A summary of our outstanding RSUs and PSUs, assuming maximum level of performance, are as follows (in thousands, except years): As of December 31, 2019 Unvested units 1,219 Unrecognized compensation cost $ 12,568 Period to recognize compensation cost 1.6 years During the years ended December 31, 2019, 2018 and 2017, the Company recognized stock-based compensation expense of $ 15.3 million, $ 13.7 million and $ 9.5 million, respectively, which is generally included in selling, general, and administrative on the consolidated statements of operations .

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2019
Stockholders' Equity [Abstract]
Stockholders' Equity	18. Stockholders’ Equity The Company’s authorized capital stock consists of 100.0 million shares of common stock, par value $ 0.01 per share, and 50.0 million shares of preferred stock, par value $ 0.01 per share. As of December 31, 2019, and 2018, there were 33.1 million and 30.2 million shares of common stock issued and outstanding, respectively, and no shares of preferred stock outstanding. On May 10, 2017, our stockholders approved the adoption of the Century Communities, Inc. 2017 Omnibus Incentive Plan (which we refer to as our “2017 Incentive Plan”), which replaced our First Amended & Restated 2013 Long-Term Incentive Plan. We had reserved a total of 1.8 million shares of our common stock for issuance under our First Amended & Restated 2013 Long-Term Incentive Plan, of which approximately 0.6 million shares rolled over into the 2017 Incentive Plan when it became effective. On May 8, 2019, our stockholders approved the Century Communities, Inc. Amended and Restated 2017 Omnibus Incentive Plan (which we refer to as our “Amended 2017 Incentive Plan”), which increased the number of shares of our common stock authorized for issuance under the 2017 Incentive Plan by an additional 1.631 million shares. We issued 0.3 million and 0.3 million shares of common stock related to the vesting of RSUs during the year ended December 31, 2019 and 2018, respectively . In addition to the RSUs vested, the remaining 0.1 million of RSAs vested during the year ended December 31, 2018. As of December 31, 2019, approximately 2.1 million shares of common stock remained available for issuance under the Amended 2017 Incentive Plan. On November 7, 2016, we entered into a Distribution Agreement (which we refer to as the “First Distribution Agreement”) with J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Citigroup Global Markets Inc. (which we refer to collectively as the “Sales Agents”), relating to our common stock. Under the First Distribution Agreement, we were authorized to offer and sell shares of our common stock having an aggregate offering price of up to $ 50.0 million from time to time through any of our Sales Agents in “at the market” offerings. On August 9, 2017, we entered into a second Distribution Agreement (which we refer to as the “Second Distribution Agreement”) with the Sales Agents , which superseded and replaced the First Distribution Agreement , pursuant to which we may offer and sell from time to time up to $ 100.0 million in “at the market” offerings. On July 3, 2018, we entered into a third Distribution Agreement (which we refer to as the “Third Distribution Agreement”) with J.P. Morgan Securities LLC, Citigroup Global Markets Inc., and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as its sales agents (which we refer to as the “New Sales Agents”), which superseded and replaced the Second Distribution Agreement, pursuant to which we may offer and sell shares of our common stock having an aggregate offering price of up to $ 100.0 million from time to time through any of the New Sales Agents “in at the market” offerings . On November 27, 2019, we entered into a Distribution Agreement (the “Fourth Distribution Agreement”), which superseded and replaced the Third Distribution Agreement, with J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., and Fifth Third Securities, Inc. (the “Sales Agents”), pursuant to which the Company may offer and sell from time to time through the Sales Agents up to $ 100,000,000 maximum aggregate offering price of the Company’s common stock, par value $ 0.01 per share, in such amounts as the Company may specify by notice to any Sales Agent, in “at the market” offerings. During the years ended December 31, 2019 and 2018, we sold and issued an aggregate of 2.7 million and 1.1 million shares of our common stock, respectively, under the various Distribution Agreements in effect during these periods, which provided gross proceeds to us of $ 80.1 million and $ 31.7 million, respectively, and in connection with such sales, we paid total commissions and fees to the Sales Agents of $ 0.6 million and $ 0.7 million, respectively. In November 2018, we authorized a stock repurchase program, under which we may repurchase up to 4,500,000 shares of our outstanding common stock. During the years ended December 31, 2019 and 2018, we repurchased 83,000 and 604,061 shares of common stock, respectively, under this program for approximately $ 1.4 million and $ 11.0 million, respectively.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	19. Earnings Per Share During the years ended December 31, 2018 and 2017, we used the two-class method of calculating earnings per share (EPS) as our previously outstanding unvested RSAs had non-forfeitable rights to dividends, and accordingly represented 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. During the year ended December 31, 2019, we used the treasury method to calculate earnings per share. The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2019, 2018 and 2017 (in thousands, except share and per share information): Year ended December 31, 2019 2018 2017 Numerator Net income $ 112,994 $ 96,455 $ 50,295 Less: Undistributed earnings allocated to participating securities — ( 59 ) ( 384 ) Net income allocable to common stockholders $ 112,994 $ 96,396 $ 49,911 Denominator Weighted average common shares outstanding - basic 30,886,382 30,084,913 24,280,871 Dilutive effect of restricted stock units 300,570 306,433 274,638 Weighted average common shares outstanding - diluted 31,186,952 30,391,346 24,555,509 Earnings per share: Basic $ 3.66 $ 3.20 $ 2.06 Diluted $ 3.62 $ 3.17 $ 2.03 Stock-based awards are excluded from the calculation of diluted EPS in the event they are subject to unsatisfied performance conditions or are antidilutive. We excluded 0.6 million and 0.3 million common stock unit equivalents from diluted earnings per share during the year ended December 31, 2019 and 2018, respectively, related to the PSUs for which performance conditions remained unsatisfied. We did no t have any common stock unit equivalents to exclude from diluted earnings per share during the year ended December 31, 2017.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies [Abstract]
Commitments and Contingencies	20 . 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 December 31, 2019 and 2018, we had $ 344.1 million and $ 289.8 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 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 expense on our consolidated statements of operations for our estimated loss. Under various insurance policies, we have the ability to recoup costs in excess of applicable self-insured retentions. Estimates of such amounts are recorded in other assets when recovery is probable. As of December 31, 2018, substantially all of the amounts reflected as insurance receivable and other are related to construction claims which we believe are probable of settlement, and the obligation of these claims are reflected in accrued expenses and other liabilities on the consolidated balance sheet. These construction claims were settled during the year ended December 31, 2019 and the associated insurance receivables were collected in full. 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.

Results of Quarterly Operations

Results of Quarterly Operations	12 Months Ended
	Dec. 31, 2019
Results Of Quarterly Operations [Abstract]
Results of Quarterly Operations	21. Results of Quarterly Operations (Unaudited) Quarter First Second Third Fourth (in thousands, except per share amounts) 2019 Home sales revenues $ 523,302 $ 608,636 $ 573,860 $ 775,667 Gross margin from home sales revenues $ 89,545 $ 104,708 $ 104,026 $ 142,945 Income before tax expense $ 22,997 $ 20,830 $ 34,840 $ 53,968 Net income $ 17,117 $ 15,495 $ 27,024 $ 53,358 Basic earnings per share $ 0.57 $ 0.51 $ 0.88 $ 1.65 Diluted earnings per share $ 0.56 $ 0.51 $ 0.87 $ 1.63 2018 Home sales revenues $ 394,831 $ 522,164 $ 552,876 $ 640,187 Gross margin from home sales revenues $ 75,248 $ 94,967 $ 92,732 $ 105,492 Income before tax expense $ 23,107 $ 46,502 $ 22,859 $ 36,062 Net income $ 20,019 $ 33,193 $ 17,048 $ 26,195 Basic earnings per share $ 0.68 $ 1.11 $ 0.56 $ 0.85 Diluted earnings per share $ 0.67 $ 1.10 $ 0.56 $ 0.85

Supplemental Guarantor Informat

Supplemental Guarantor Information	12 Months Ended
	Dec. 31, 2019
Supplemental Guarantor Information [Abstract]
Supplemental Guarantor Information	22. Supplemental Guarantor Information Our 5.875 % senior notes due 2025 and 6.750 % senior notes due 2027 (which we collectively refer to as our “Senior Notes”) are our unsecured senior obligations and are fully and unconditionally guaranteed on an unsecured basis, jointly and severally, by substantially all of our direct and indirect wholly-owned operating subsidiaries (which we refer to collectively as “Guarantors”). In addition, our former 6.875 % senior notes due 2022 , which were extinguished during the second quarter of 2019, were our unsecured senior obligations and were fully and unconditionally guaranteed on an unsecured basis, jointly and severally, by the Guarantors. Each of the indentures governing our 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 respective indentures), which sale, transfer, exchange or other disposition does not constitute an “Asset Sale” (as defined in the respective indentures) or is made in compliance with applicable provisions of the applicable 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 applicable indenture; provided, that after such sale, transfer, exchange or other disposition, such Guarantor is an “Immaterial Subsidiary” (as defined in the respective indentures); (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 applicable 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 applicable 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 applicable Indenture; (4) upon the designation of such Guarantor as an “Unrestricted Subsidiary” (as defined in the respective Indentures), in accordance with the applicable indenture; (5) if the Company exercises its legal defeasance option or covenant defeasance option under the applicable indenture or if the obligations of the Company and the Guarantors are discharged in compliance with applicable provisions of the applicable indenture, upon such exercise or discharge; or (6) in connection with the dissolution of such Guarantor under applicable law in accordance with the applicable indenture. The indenture governing our former 6.875 % senior notes due 2022 contained a similar provision. As the guarantees were made in connection with exchange offers effected in February 2015, October 2015 and April 2017 and the issuance of the 5.875 % senior notes due 2025 and of the 6.750 % senior notes due 2027 , 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. 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 December 31, 2019 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Assets Cash and cash equivalents $ 1,577 — 53,859 — $ 55,436 Cash held in escrow — 35,308 — — 35,308 Accounts receivable 15,363 12,327 ( 252 ) — 27,438 Investment in consolidated subsidiaries 1,996,703 — — ( 1,996,703 ) — Inventories — 1,995,549 — — 1,995,549 Mortgage loans held for sale — — 185,246 — 185,246 Prepaid expenses and other assets 9,539 101,113 13,148 — 123,800 Deferred tax assets, net 10,589 — — — 10,589 Property and equipment, net 15,256 19,614 1,128 — 35,998 Amortizable intangible assets, net — 208 — — 208 Goodwill — 30,395 — — 30,395 Total assets $ 2,049,027 $ 2,194,514 $ 253,129 $ ( 1,996,703 ) $ 2,499,967 Liabilities and stockholders’ equity Liabilities: Accounts payable $ ( 13 ) 83,853 954 — $ 84,794 Accrued expenses and other liabilities 28,214 173,403 12,358 — 213,975 Notes payable 890,427 6,277 — — 896,704 Revolving line of credit 68,700 — — — 68,700 Mortgage repurchase facilities — — 174,095 — 174,095 Total liabilities 987,328 263,533 187,407 — 1,438,268 Stockholders’ equity: 1,061,699 1,930,981 65,722 ( 1,996,703 ) 1,061,699 Total liabilities and stockholders’ equity $ 2,049,027 $ 2,194,514 $ 253,129 $ ( 1,996,703 ) $ 2,499,967 Supplemental Condensed Consolidated Balance Sheet As of December 31, 2018 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Assets Cash and cash equivalents $ 2,183 $ 2,101 $ 28,618 $ — $ 32,902 Cash held in escrow — 24,344 — — 24,344 Accounts receivable 6,117 7,424 ( 77 ) — 13,464 Investment in consolidated subsidiaries 1,827,456 — — ( 1,827,456 ) — Inventories — 1,848,243 — — 1,848,243 Mortgage loans held for sale — — 112,394 — 112,394 Prepaid expenses and other assets 51,177 85,224 3,996 — 140,397 Deferred tax assets, net 13,763 — — — 13,763 Property and equipment, net 13,274 18,989 995 — 33,258 Amortizable intangible assets, net — 5,095 — — 5,095 Goodwill — 30,395 — — 30,395 Total assets $ 1,913,970 $ 2,021,815 $ 145,926 $ ( 1,827,456 ) $ 2,254,255 Liabilities and stockholders’ equity Liabilities: Accounts payable $ 623 $ 88,627 $ 657 $ — $ 89,907 Accrued expenses and other liabilities 75,506 131,548 6,103 — 213,157 Notes payable 775,982 8,795 — — 784,777 Revolving line of credit 202,500 — — — 202,500 Mortgage repurchase facilities — — 104,555 — 104,555 Total liabilities 1,054,611 228,970 111,315 — 1,394,896 Stockholders’ equity: 859,359 1,792,845 34,611 ( 1,827,456 ) 859,359 Total liabilities and stockholders’ equity $ 1,913,970 $ 2,021,815 $ 145,926 $ ( 1,827,456 ) $ 2,254,255 Supplemental Condensed Consolidated Statement of Operations For the Year Ended December 31, 2019 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries CCS Revenues Homebuilding revenues Home sales revenues $ — $ 2,481,465 $ — $ — $ 2,481,465 Land sales and other revenues — 11,184 — — 11,184 — 2,492,649 — — 2,492,649 Financial services revenue — — 43,262 — 43,262 Total revenues — 2,492,649 43,262 — 2,535,911 Homebuilding cost of revenues Cost of home sales revenues — ( 2,040,241 ) — — ( 2,040,241 ) Cost of land sales and other revenues — ( 8,130 ) — — ( 8,130 ) — ( 2,048,371 ) — — ( 2,048,371 ) Financial services costs — — ( 32,575 ) — ( 32,575 ) Selling, general and administrative ( 74,145 ) ( 227,380 ) — — ( 301,525 ) Loss on debt extinguishment ( 10,832 ) — — — ( 10,832 ) Inventory impairment and other — ( 4,783 ) — — ( 4,783 ) Acquisition expense — — — — — Equity in earnings from consolidated subsidiaries 167,503 — — ( 167,503 ) — Equity in income of unconsolidated subsidiaries — — — — — Other income (expense) ( 5,725 ) 372 163 — ( 5,190 ) Income before income tax expense 76,801 212,487 10,850 ( 167,503 ) 132,635 Income tax expense 36,193 ( 53,122 ) ( 2,712 ) — ( 19,641 ) Net income $ 112,994 $ 159,365 $ 8,138 $ ( 167,503 ) $ 112,994 Supplemental Condensed Consolidated Statement of Operations For the Year Ended December 31, 2018 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Revenues Homebuilding revenues Home sales revenues $ — $ 2,110,058 $ — $ — $ 2,110,058 Land sales and other revenues — 5,631 — — 5,631 — 2,115,689 — — 2,115,689 Financial services revenue — — 31,724 — 31,724 Total revenues — 2,115,689 31,724 — 2,147,413 Homebuilding cost of revenues Cost of home sales revenues — ( 1,741,619 ) — — ( 1,741,619 ) Cost of land sales and other revenues — ( 3,832 ) — — ( 3,832 ) — ( 1,745,451 ) — — ( 1,745,451 ) Financial services costs — — ( 22,958 ) — ( 22,958 ) Selling, general and administrative ( 70,578 ) ( 193,403 ) — — ( 263,981 ) Acquisition expense ( 437 ) — — — ( 437 ) Equity in earnings from consolidated subsidiaries 138,746 — — ( 138,746 ) — Equity in income from unconsolidated subsidiaries 14,849 — — — 14,849 Other income (expense) ( 299 ) ( 606 ) — — ( 905 ) Income before income tax expense 82,281 176,229 8,766 ( 138,746 ) 128,530 Income tax expense 14,174 ( 44,057 ) ( 2,192 ) — ( 32,075 ) Net income $ 96,455 $ 132,172 $ 6,574 $ ( 138,746 ) $ 96,455 Supplemental Condensed Consolidated Statement of Operations For the Year Ended December 31, 2017 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Revenues Homebuilding revenues Home sales revenues $ — $ 1,405,443 $ — $ — $ 1,405,443 Land sales and other revenues — 8,503 — — 8,503 — 1,413,946 — — 1,413,946 Financial services revenue — — 9,853 — 9,853 Total revenues — 1,413,946 9,853 — 1,423,799 Homebuilding cost of revenues Cost of home sales revenues — ( 1,153,359 ) — — ( 1,153,359 ) Cost of land sales and other revenues — ( 6,516 ) — — ( 6,516 ) — ( 1,159,875 ) — — ( 1,159,875 ) Financial services costs — — ( 8,664 ) — ( 8,664 ) Selling, general and administrative ( 49,072 ) ( 127,232 ) — — ( 176,304 ) Acquisition expense ( 9,905 ) — — — ( 9,905 ) Equity in earnings from consolidated subsidiaries 84,425 — — ( 84,425 ) — Equity in income from unconsolidated subsidiaries 12,176 — — — 12,176 Other income (expense) 1,080 1,820 37 — 2,937 Income before income tax expense 38,704 128,659 1,226 ( 84,425 ) 84,164 Income tax expense 11,591 ( 45,031 ) ( 429 ) — ( 33,869 ) Net income $ 50,295 $ 83,628 $ 797 $ ( 84,425 ) $ 50,295 Supplemental Condensed Consolidated Statement of Cash Flows For the Year Ended December 31, 2019 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Net cash provided by/(used in) operating activities $ ( 54,572 ) $ 51,793 $ ( 66,028 ) $ — $ ( 68,807 ) Net cash used in investing activities $ 11,818 $ ( 8,815 ) $ ( 133 ) $ ( 17,153 ) $ ( 14,283 ) Financing activities Borrowings under revolving credit facilities $ 1,548,500 $ — $ — $ — $ 1,548,500 Payments on revolving credit facilities ( 1,682,300 ) — — — ( 1,682,300 ) Proceeds from issuance of senior notes 500,000 500,000 Extinguishment of senior notes due 2022 ( 391,942 ) — — — ( 391,942 ) Principal payments on notes payable — ( 20,237 ) — — ( 20,237 ) Proceeds from insurance notes payable — 13,719 — — 13,719 Debt issuance costs ( 6,140 ) — — — ( 6,140 ) Net proceeds from mortgage repurchase facilities — — 69,540 — 69,540 Net proceeds from issuances of common stock 79,052 — — — 79,052 Repurchases of common stock upon vesting of stock-based compensation ( 3,583 ) — — — ( 3,583 ) Repurchases of common stock under our stock repurchase program ( 1,439 ) — — — ( 1,439 ) Payments from (and advances to) parent/subsidiary — ( 40,126 ) 22,973 17,153 — Net cash provided by (used in) financing activities $ 42,148 $ ( 46,644 ) $ 92,513 $ 17,153 $ 105,170 Net increase (decrease) $ ( 606 ) $ ( 3,666 ) $ 26,352 $ — $ 22,080 Cash and cash equivalents and restricted cash Beginning of period $ 2,183 $ 4,006 $ 30,252 $ — $ 36,441 End of period $ 1,577 $ 340 $ 56,604 $ — $ 58,521 Cash and cash equivalents $ 1,577 $ — $ 53,859 $ — $ 55,436 Restricted Cash — 340 2,745 — 3,085 Cash and cash equivalents and restricted cash $ 1,577 $ 340 $ 56,604 $ — $ 58,521 Supplemental Condensed Consolidated Statement of Cash Flows For the Year Ended December 31, 2018 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Net cash provided by/(used in) operating activities $ ( 74,074 ) $ ( 71,532 ) $ ( 49,972 ) $ — $ ( 195,578 ) Net cash used in investing activities $ ( 98,523 ) $ ( 170,862 ) $ ( 461 ) $ 226,310 $ ( 43,536 ) Financing activities Borrowings under revolving credit facilities $ 721,000 $ — $ — $ — $ 721,000 Payments on revolving credit facilities ( 518,500 ) — — — ( 518,500 ) Principal payments on notes payable ( 9 ) ( 5,362 ) — — ( 5,371 ) Proceeds from insurance notes payable — 11,839 — — 11,839 Extinguishment of debt assumed in business combination ( 94,231 ) — — — ( 94,231 ) Debt issuance costs ( 3,642 ) — — — ( 3,642 ) Net proceeds from mortgage repurchase facilities — — 56,236 — 56,236 Net proceeds from issuances of common stock 30,947 — — — 30,947 Repurchases of common stock upon vesting of stock-based compensation ( 5,484 ) — — — ( 5,484 ) Repurchases of common stock under our stock repurchase program ( 10,952 ) — — — ( 10,952 ) Payments from (and advances to) parent/subsidiary ( 583 ) 211,879 15,014 ( 226,310 ) — Net cash provided by (used in) financing activities $ 118,546 $ 218,356 $ 71,250 $ ( 226,310 ) $ 181,842 Net increase (decrease) $ ( 54,051 ) $ ( 24,038 ) $ 20,817 $ — $ ( 57,272 ) Cash and cash equivalents and restricted cash Beginning of period $ 56,234 $ 28,044 $ 9,435 $ — $ 93,713 End of period $ 2,183 $ 4,006 $ 30,252 $ — $ 36,441 Cash and cash equivalents $ 2,183 $ 2,101 $ 28,618 $ — $ 32,902 Restricted Cash — 1,905 1,634 — 3,539 Cash and cash equivalents and restricted cash $ 2,183 $ 4,006 $ 30,252 $ — $ 36,441 Supplemental Condensed Consolidated Statement of Cash Flows For the Year Ended December 31, 2017 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Net cash used in operating activities $ ( 27,787 ) $ ( 33,169 ) $ ( 50,316 ) $ — $ ( 111,272 ) Net cash used in investing activities ( 456,299 ) $ ( 118,583 ) $ ( 513 ) $ 440,949 $ ( 134,446 ) Financing activities — Borrowings under revolving credit facilities $ 175,000 $ — $ — $ — $ 175,000 Payments on revolving credit facilities ( 370,000 ) — — — ( 370,000 ) Proceeds from issuance of senior notes 527,500 — — — 527,500 Proceeds from insurance premium notes and other — 2,320 — — 2,320 Extinguishments of debt assumed in business combination — ( 151,919 ) — — ( 151,919 ) Principal payments on notes payable — ( 6,998 ) — — ( 6,998 ) Debt issuance costs ( 8,579 ) — — — ( 8,579 ) Repurchases of common stock upon vesting of restricted stock awards ( 5,231 ) — — — ( 5,231 ) Payments from (and advances to) parent/subsidiary 108,930 326,242 5,777 ( 440,949 ) — Net proceeds from mortgage repurchase facilities — — 48,320 — 48,320 Net proceeds from issuances of common stock 98,063 — — — 98,063 Net cash provided by financing activities 525,683 $ 169,645 $ 54,097 $ ( 440,949 ) 308,476 Net increase (decrease) 41,597 $ 17,893 $ 3,268 $ — 62,758 Cash and cash equivalents and restricted cash Beginning of period $ 14,637 $ 10,151 $ 6,167 $ — $ 30,955 End of period 56,234 $ 28,044 $ 9,435 $ — 93,713 Cash and cash equivalents $ 56,234 $ 23,399 $ 9,199 $ — $ 88,832 Restricted Cash — 4,645 236 — 4,881 Cash and cash equivalents and Restricted cash $ 56,234 $ 28,044 $ 9,435 $ — $ 93,713

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policy)	12 Months Ended
	Dec. 31, 2019
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Century Communities, Inc. (which we refer to as “we,” “CCS,” or the “Company”), together with its subsidiaries, is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in metropolitan areas in 17 states. In many of our projects, in addition to building homes, we are responsible for the entitlement and development of the underlying land. We build and sell homes under our Century Communities and Wade Jurney Homes brands. Our Century Communities brand targets a wide range of buyer profiles including: first time, first and second time move up, and lifestyle homebuyers, and provides our homebuyers with the ability to personalize their homes through certain option and upgrade selections. Our Wade Jurney Homes brand targets first time homebuyers, primarily sells homes through retail studios and the internet, and provides no option or upgrade selections. Our homebuilding operations are organized into the following five reportable segments: West, Mountain, Texas, Southeast, and Wade Jurney Homes. On February 6, 2020 we announced a rebranding of Wade Jurney Homes to Century Complete. Century Complete will operate similarly to Wade Jurney Homes, adopting its business strategy and continue to provide comparable home offerings. Additionally, our indirect wholly-owned subsidiaries, Inspire Home Loans, Inc., Parkway Title, LLC, and IHL Home Insurance Agency, LLC, which provide mortgage, title and insurance services, respectively, to our home buyers have been identified as our Financial Services segment.
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 for which the Company is deemed to be the primary beneficiary. We do not have any variable interest entities in which we are deemed the primary beneficiary. All intercompany accounts and transactions have been eliminated. All numbers related to lots and communities disclosed in the notes to the consolidated financial statements are unaudited.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles (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.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all liquid investments with original maturities of three months or less to be cash equivalents.
Cash Held in Escrow	Cash Held in Escrow Cash held in escrow consists of amounts related to the proceeds from home closings held for our benefit in escrow, which are typically held for less than a few days.
Accounts Receivable	Accounts Receivable Accounts receivable primarily consists of income tax receivables and rebates receivables. We periodically review the collectability of our accounts receivable, and, if it is determined that a receivable might not be fully collectible, an allowance is recorded for the amount deemed uncollectible. As of December 31, 2019 and 2018, no allowance was recorded related to accounts receivable.
Inventories and Cost of Sales	Inventories and Cost of Sales We capitalize pre-acquisition, land, development, and other allocated costs, including interest, during development and home construction. Land, development, and other common costs are allocated to inventory using the relative-sales-value method; however, as lots within a project typically have comparable market values, we generally allocate land, development, and common costs equally to each lot within the project. Home construction costs are recorded using the specific-identification method. Cost of sales for homes closed includes the allocation of construction costs of each home and all applicable land acquisition, land development, and related common costs, both incurred and estimated to be incurred. Changes to estimated total development costs subsequent to initial home closings in a community are generally allocated to the remaining homes in the community. When a home is closed, the Company generally has not paid all incurred costs necessary to complete the home, and a liability and a charge to cost of home sales revenues are recorded for the amount that is estimated will ultimately be paid related to completed homes. Inventories are carried at cost unless events and circumstances indicate that the carrying value may not be recoverable. We review for indicators of impairment at the lowest level of identifiable cash flows, which we have determined to be the community level. Indicators of impairment include, but are not limited to, significant decreases in local housing market values and selling prices of comparable homes, decreases in actual or trending gross margins or sales absorption rates, significant unforeseen cost in excess of budget, and actual or projected cash flow losses. If an indicator of impairment is identified, we estimate the recoverability of the community by comparing the estimated future cash flows on an undiscounted basis to its carrying value. If the undiscounted cash flows are more than the carrying value, the community is recoverable and no impairment is recorded. If the undiscounted cash flows are less than the community’s carrying value, we generally estimate the fair value using a discounted cash flow approach. A community with a fair value less than its carrying value is impaired and is written down to fair value. When estimating cash flows of a community, we make various assumptions, including the following: (i) expected sales prices and sales incentives to be offered, including the number of homes available, pricing and incentives being offered by us or other builders in other communities, and future sales price adjustments based on market and economic trends; (ii) expected sales pace based on local housing market conditions, competition, and historical trends; (iii) costs expended to date and expected to be incurred, including, but not limited to, land and land development costs, home construction costs, interest costs, indirect construction and overhead costs, and selling and marketing costs; and (iv) alternative uses for the property. For the year ended December 31, 2019 we recorded impairment charges on five communities totaling $ 2.0 million and for the year ended December 31, 2018 we recorded impairment charges on one community which was nominal in amount. Inventory impairments are included in inventory impairment and other in our consolidated statements of operations.
Home Sales Revenues and Profit Recognition	Home Sales Revenues and Profit Recognition As defined in the Accounting Standards Codification (which we refer to as “ASC”) 606, Revenue from Contracts with Customers (“ASC 606”), revenues from home sales and the related profit are recorded when our performance obligations are satisfied, which generally occurs when the respective homes are closed and title has passed to our homebuyers. We generally satisfy our performance obligations in less than one year from the contract date. Proceeds from home closings that are held for our benefit in escrow, are presented as cash held in escrow on our consolidated balance sheets. Cash held for our benefit in escrow is typically held by the escrow agent for less than a few days. When it is determined that the earnings process is not complete and we have remaining performance obligations, the related revenue and costs are deferred for recognition in future periods until those performance obligations have been satisfied. Prior to satisfying our performance obligations, we typically receive deposits from customers related to sold but undelivered homes. These deposits are classified as earnest money deposits and are included in accrued expenses and other liabilities on our consolidated balance sheets. Earnest money deposits totaled $ 10.6 million and $ 14.0 million at December 31, 2019 and December 31, 2018, respectively. Prior to our adoption of ASC 606, r evenues from home sales were recorded and a profit was recognized when the respective units closed, title had passed, the homeowner’s initial and continuing investment was adequate, and other attributes of ownership had been transferred to the homeowner. Sales incentives were recorded as a reduction of revenues when the respective unit closed. When it was determined that the earnings process was not complete, the sale and the related profit were deferred for recognition in future periods.
Performance Deposits	Performance Deposits We are occasionally required to make a land, bond, and utility deposit as each new development is started. These amounts typically are refundable as each home is delivered. Performance deposits are included in prepaid expenses and other assets on the consolidated balance sheet.
Lot Option and Escrow Deposits	Lot Option and Escrow Deposits We enter into lot option purchase agreements with unrelated parties to acquire lots for the construction of homes. Under these agreements, we have paid deposits, which in many cases are non-refundable, in consideration for the right, but not the obligation, to purchase land or lots at a future point in time with predetermined terms. Lot option and escrow deposits are included in prepaid expenses and other assets on the consolidated balance sheet.
Model Homes and Sales Facilities	Model Homes and Sales Facilities Costs related to our model homes and sales facilities are treated in one of three ways depending on their nature. Costs directly attributable to the home including upgrades that are permanent and sold with the home are capitalized to inventory and included in cost of home sales revenues when the unit is closed to the home buyer. Marketing related costs, such as non-permanent signage, brochures and marketing materials as well as the cost to convert the model into a salable unit are expensed as incurred. Costs to furnish the model home sites, permanent signage, and construction of sales facilities are capitalized to property and equipment and depreciated over the estimated life of the community based on the number of lots in the community which typically range from 2 to 3 years.
Property and Equipment	Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Depreciation is charged to expense on the straight-line basis over the estimated useful life of each asset. The estimated useful lives for each major depreciable classification of property and equipment are as follows: Years Buildings and improvements 3 – 40 years Leasehold improvements 3 – 10 years Machinery and equipment 3 – 25 years Furniture and fixtures 2 – 7 years Model furnishings 2 – 3 years Computer hardware and software 1 – 5 years
Mortgage Loans Held for Sale	Mortgage Loans Held for Sale Our Financial Services segment is principally comprised of our mortgage lending operations, Inspire Home Loans, Inc. (which we refer to as “Inspire”). Inspire is a full-service mortgage lender and primarily originates mortgage loans for our homebuyers. Inspire sells substantially all of the loans it originates and their related servicing rights in the secondary mortgage market within a short period of time after origination, generally within 30 days. Inspire primarily finances these loans under its mortgage repurchase facilities. Mortgage loans in process for which interest rates were committed to borrowers totaled approximately $ 37.6 million and $ 26.2 million at December 31, 2019 and December 31, 2018, respectively, and carried a weighted average interest rate of approximately 3.9 %, and 4.7 %, respectively. As of December 31, 2019 and 2018, Inspire had mortgage loans held for sale with an aggregate fair value of $ 185.2 million and $ 112.4 million, respectively, and an aggregate outstanding principal balance of $ 179.3 million and $ 108.0 million, respectively. Our net gains on the sale of mortgage loans were $ 32.2 million, $ 22.0 million and $ 5.8 million for the years ended December 31, 2019, 2018, and 2017, respectively, and are included in the financial services revenue on the consolidated statements of operations. Interest rate risks related to these obligations are mitigated by the preselling of loans to investors or through our interest rate hedging program. Mortgage loans held-for-sale, including the rights to service the mortgage loans, as well as the derivative instrument used to economically hedge our interest rate risk, which are typically forward commitments on mortgage backed securities, are carried at fair value and changes in fair value are reflected in financial services revenue on the consolidated statement of operations. Management believes carrying loans held-for-sale at fair value improves financial reporting by mitigating volatility in reported earnings caused by measuring the fair value of the loans and the derivative instruments used to economically hedge them.
Amortizable Intangible Assets	Amortizable Intangible Assets Amortizable intangible assets consist of the estimated fair value of non-compete agreements, trade names, and home plans associated with our historical acquisitions. These acquisitions were accounted for as business combinations as defined in ASC 805, Business Combinations . A high degree of judgment is made by management on variables, such as revenue growth rates, profitability, and discount rates, when calculating the value of the intangible assets. The identified intangible assets are amortized over their respective estimated useful lives. Non-compete agreements, trade names and other intangible assets are amortized to selling, general and administrative expenses in the consolidated statements of operations. During the year ended December 31, 2019, the Company impaired its trade name intangible asset associated with Wade Jurney Homes resulting in a $ 2.8 million loss and sold a cell phone tower lease, which resulted in a gain of $ 0.8 million. For further information see Note 5 – Amortizable Intangible Assets . The estimated lives for each major amortizable classification of intangible assets are as follows: Years Home construction contracts 1 – 2 years Non-compete agreements 2 – 5 years Home plans 7 years
Earnest Money Deposits	Earnest Money Deposits We collect earnest money deposits at the time a home buyer’s contract is accepted. Earnest money deposits held on homes under contract as of December 31, 2019 and 2018, totaled $ 10.6 million and $ 14.0 million, respectively, and are included in accrued expenses and other liabilities on the consolidated balance sheets.
Stock-Based Compensation	Stock-Based Compensation We account for stock-based awards in accordance with ASC 718, Compensation—Stock Compensation . ASC 718 requires us to estimate the grant date fair value of stock-based compensation awards and to recognize the fair value as compensation costs over the requisite service period, which is generally three years, for all awards that vest. We value our restricted stock awards and restricted stock units equal to the closing price of our common stock on the New York Stock Exchange on the date of grant. Stock-based compensation expense associated with outstanding performance share units is measured using the grant date fair value and is based on the estimated achievement of the established performance criteria at the end of each reporting period until the performance period ends, recognized on a straight-line basis over the performance period. Stock-based compensation expense is only recognized for performance share units that we expect to vest, which we estimate based upon an assessment of the probability that the performance criteria will be achieved. The performance share units granted during the fiscal years ended December 31, 2019 and 2018 have three-year performance-based metrics measured over performance periods from January 1, 2019 to December 31, 2021 and January 1, 2018 to December 31, 2020, respectively. Stock-based compensation expense associated with outstanding performance share units is updated for actual forfeitures.
Income Taxes	Income Taxes We account for income taxes in accordance with ASC 740, Income Taxes , which requires recognition of deferred tax assets and liabilities at enacted income tax rates for the temporary differences between the financial reporting bases and the tax bases of its assets and liabilities. Any effects of changes in income tax rates or tax laws are included in the provision for income taxes in the period of enactment. When it is more likely than not that a portion or all of a deferred tax asset will not be realized in the future, the Company provides a corresponding valuation allowance against the deferred tax asset. As of December 31, 2019 and 2018, we had no valuation allowance recorded against our deferred tax assets. In addition, when it is more likely than not that a tax position will be sustained upon examination by a tax authority that has full knowledge of all relevant information, the Company measures the amount of tax benefit from the position and records the largest amount of tax benefit that is more likely than not of being realized after settlement with a tax authority. The Company’s policy is to recognize interest to be paid on an underpayment of income taxes in interest expense and any related statutory penalties in the Provision for income taxes on the consolidated statements of operations. As of December 31, 2019 and 2018, we had no reserves for uncertain tax positions.
Goodwill	Goodwill We evaluate goodwill for possible impairment in accordance with ASC 350, Intangibles–Goodwill and Other, on an annual basis, or more frequently if events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. We use a two step process to assess whether or not goodwill can be realized. The first step is a qualitative assessment that analyzes current economic indicators associated with a particular reporting unit. If the qualitative assessment indicates a stable or improved fair value, no further testing is required. If a qualitative assessment indicates that a significant decline to fair value of a reporting unit is more likely than not, we will proceed to the second step where we calculate the fair value of a reporting unit based on discounted future cash flows. If this step indicates that the carrying value of a reporting unit is in excess of its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. As of December 31, 2019 and 2018, we determined our goodwill was no t impaired.
Business Combinations	Business Combinations We account for business combinations in accordance with ASC 805, Business Combinations , if the acquired assets assumed and liabilities incurred constitute a business. We consider acquired companies to constitute a business if the acquired net assets and processes have the ability to create outputs in the form of revenue. For acquired companies constituting a business, we recognize the identifiable assets acquired and liabilities assumed at their acquisition-date fair values and recognize any excess of total consideration paid over the fair value of the identifiable net assets as goodwill.
Variable Interest Entities (VIEs)	Variable Interest Entities (VIEs) We review land option contracts where we have a non-refundable deposit to determine whether the corresponding land seller is a VIE and, if so, whether we are the primary beneficiary. In determining whether we are the primary beneficiary, we consider, among other things, whether we have the power to direct the activities that most significantly impact the economic performance of the VIE. In making this determination, we consider whether we have the power to direct certain activities, including, but not limited to, determining or limiting the scope or purpose of the VIE, the ability to sell or transfer property owned or controlled by the VIE, or arranging financing for the VIE. We are not the primary beneficiary of any VIE as of December 31, 2019 and 2018. We analyzed each of our land option contracts to determine whether the land seller is a VIE and, if so, whether we are the primary beneficiary. Although we do not have legal title to the underlying land, we are required to consolidate a VIE if we are the primary beneficiary. As a result of our analysis, we determined that as of December 31, 2019, we were not the primary beneficiary of any VIE from which we have acquired rights to land under the land option contract. As of December 31, 2019 and 2018, we had non-refundable cash deposits totaling $ 43.0 million and $ 42.6 million, respectively, classified in prepaid expenses and other assets in our consolidated balance sheets for land option contracts. The non-refundable deposit is our maximum exposure to loss for the transactions as of December 31, 2019 and 2018, respectively.
Advertising and Marketing Costs	Advertising and Marketing Costs Advertising and marketing costs are expensed as incurred and totaled $ 17.0 million, $ 17.4 million and $ 12.6 million for the years ended December 31, 2019, 2018 and 2017, respectively. Advertising and marketing costs are included in selling, general and administrative on the consolidated statement of operations.
Reclassifications	Reclassifications In order to conform to current year presentation, mortgage loans held for investment and derivative assets of $ 1.0 million and $ 0.7 million, respectively, have been reclassified to prepaid expenses and other assets from mortgage loans held for sale on the consolidated balance sheets as of December 31, 2018.
Recently Issued Accounting Standards	Recently Issued Accounting Standards Leases The Financial Accounting Standards Board (which we refer to as “FASB”) issued ASC 842, Leases (which we refer to as “ASC 842”) which requires the recognition of lease assets and lease liabilities by lessees for most leases. ASC 842 was effective for the Company beginning January 1, 2019 and interim periods within the annual period. We adopted ASC 842 under a modified retrospective approach using the option to apply the transition provisions on the effective date January 1, 2019. The Company’s leases primarily consist of leases for office space and computer and office equipment where we are the lessee. ASC 842 includes several practical expedients which we elected upon adoption including to (a) not reassess the lease classification for any expired or existing leases and (b) not reassess whether previously capitalized initial direct costs qualify for capitalization under ASC 842. Additionally, we elected to utilize hindsight when determining the lease term. The adoption of ASC 842 resulted in the establishment of a right of use asset of $ 17.7 million which is presented within prepaid expenses and other assets on our consolidated balance sheets and a lease liability of $ 18.7 million which is presented within accrued expenses and other liabilities on our consolidated balance sheets as of January 1, 2019. The adoption of ASC 842 did not impact stockholders’ equity. Cash Flows In August 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-15, Statement of Cash Flows - Classification of Certain Cash Receipts and Cash Payments . ASU 2016-15 consists of eight provisions that provide guidance on the classification of certain cash receipts and cash payments in the statement of cash flows. In November 2016, the FASB issued ASU 2016-18 “Statement of Cash Flows – Restricted Cash.” ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and restricted cash when reconciling the beginning of period and end of period total amounts shown on the statement of cash flows. We adopted ASU 2016-15 and ASU 2016-18 on January 1, 2018. Upon adoption of ASU 2016-18, we have included restricted cash in the beginning and ending balances on our statements of cash flows to present the changes during the period in total cash, cash equivalents and restricted cash. Distributions from investments in unconsolidated subsidiaries are classified based on the nature of the activity of the investee that generated the distribution on our statements of cash flows. In accordance with ASU 2016-18, our prior year statements of cash flows have also been retrospectively adjusted. Revenue Recognition On January 1, 2018, we adopted ASC 606, Revenue from Contracts with Customers . ASC 606 requires entities to recognize revenues when control of the promised goods or services is transferred to customers at an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. We adopted ASC 606 using the modified retrospective approach for contracts which were not completed as of January 1, 2018. While the adoption of ASC 606 did not result in a material impact to our consolidated financial statements, it did impact the following:  Certain immaterial costs incurred related to our model homes, which were previously capitalized to inventory, are now expensed as incurred.  Forfeited customer earnest money deposits, which were previously presented in other income within our c onsolidated statements of operations, are presented as other revenue.  Land sales to third parties which do not meet the definition of a customer in ASC 606 are classified as other income in our c onsolidated statements of operations .  Deferral of an allocated amount of revenue and costs associated with unsatisfied performance obligations, primarily the installation of landscaping, at the time of home delivery.  Reclassification of certain costs related to our model homes from inventory to property and equipment on our consolidated balance sheets. Under the modified retrospective approach, we recorded an opening adjustment to decrease retained earnings by $ 0.6 million, related to model homes costs that were previously capitalized to inventory, but would have been expensed as incurred under ASC 606. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting. Financial Instruments - Credit Losses In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326) . The standard changes the accounting for credit losses for most financial assets and certain other instruments. Credit losses which have historically been accounted for on an incurred loss basis will now be accounted for using an estimate of lifetime expected credit losses. This will generally result in earlier recognition of allowances for credit losses. The standard is effective for the Company on January 1, 2020. Upon adoption, the standard will be applied through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. We do not anticipate this standard will have a material effect on the consolidated financial statements and related disclosures. Internal-Use Software In August 2018, the FASB issued ASU 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force) . This update is intended to help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement by providing guidance for determining when the arrangement includes a software license. The standard is effective for the Company on January 1, 2020. We do not anticipate this standard will have a material effect on the consolidated financial statements and related disclosures.

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2019
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Schedule Of Estimated Lives Of Property Plant And Equipment	Years Buildings and improvements 3 – 40 years Leasehold improvements 3 – 10 years Machinery and equipment 3 – 25 years Furniture and fixtures 2 – 7 years Model furnishings 2 – 3 years Computer hardware and software 1 – 5 years
Schedule Of Amortizable Classification Of Intangible Assets	Years Home construction contracts 1 – 2 years Non-compete agreements 2 – 5 years Home plans 7 years

Reporting Segments (Tables)

Reporting Segments (Tables)	12 Months Ended
	Dec. 31, 2019
Reporting Segments [Abstract]
Schedule Of Total Revenue And Pretax Income By Segment	Year ended December 31, 2019 2018 2017 Revenue: West $ 534,613 $ 459,254 210,696 Mountain 729,045 701,985 616,517 Texas 252,921 213,508 165,170 Southeast 548,661 530,891 421,563 Wade Jurney Homes 427,409 210,051 — Financial Services 43,262 31,724 9,853 Corporate — — — Total revenue $ 2,535,911 $ 2,147,413 $ 1,423,799 Income (loss) before income tax expense: West $ 43,027 $ 38,380 14,640 Mountain 89,201 89,048 75,704 Texas 25,866 13,682 10,952 Southeast 31,435 33,267 29,662 Wade Jurney Homes 22,044 ( 754 ) — Financial Services 10,687 8,766 1,225 Corporate ( 89,625 ) ( 53,859 ) ( 48,019 ) Total income before income tax expense $ 132,635 $ 128,530 $ 84,164
Schedule Of Total Assets By Segment	December 31, December 31, 2019 2018 West $ 610,248 $ 502,381 Mountain 635,201 621,757 Texas 232,887 209,550 Southeast 441,818 448,681 Wade Jurney Homes 244,827 204,925 Financial Services 254,282 146,710 Corporate 80,704 120,251 Total assets $ 2,499,967 $ 2,254,255

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Dec. 31, 2019
Business Combinations [Line Items]
Schedule Of Pro Forma Information	Year ended December 31, 2018 2017 Total revenues $ 2,297,804 $ 1,990,577 Income before tax expense $ 148,245 $ 111,038 Income tax expense ( 37,061 ) ( 31,753 ) Net income $ 111,184 $ 79,285 Less: Undistributed earnings allocated to participating securities ( 68 ) ( 517 ) Numerator for basic and diluted pro forma EPS $ 111,116 $ 78,768 Pro forma weighted average shares-basic 30,084,913 28,456,725 Pro forma weighted average shares-diluted 30,391,346 28,760,635 Pro forma basic EPS $ 3.69 $ 2.77 Pro forma diluted EPS $ 3.66 $ 2.74
UCP, Inc [Member]
Business Combinations [Line Items]
Summary Of Total Consideration	UCP shares (including noncontrolling interest) as of August 3, 2017 18,085 Cash paid per share $ 5.32 Cash consideration $ 96,213 Cash consideration pertaining to stockholder exercising appraisal rights $ 3,937 Total cash consideration $ 100,150 UCP shares (including noncontrolling interest) as of August 3, 2017 18,085 Exchange ratio 0.2309 Number of CCS shares issued 4,176 Closing price of CCS common stock on August 3, 2017 $ 25.80 Consideration attributable to common stock $ 107,737 Total replacement award value $ 1,149 Total equity consideration $ 108,886 Total consideration in cash and equity $ 209,036
Schedule Of Fair Values Of Assets Acquired And Liabilities Assumed	Cash and cash equivalents $ 20,264 Accounts receivable 7,897 Inventories 390,234 Prepaid expenses and other assets 6,988 Property and equipment, net 717 Deferred tax asset, net 11,984 Goodwill 5,713 Total assets $ 443,797 Accounts payable $ 10,712 Accrued expenses and other liabilities 71,130 Notes payable 152,919 Total liabilities 234,761 Purchase price/Net equity $ 209,036
Sundquist Homes [Member]
Business Combinations [Line Items]
Schedule Of Fair Values Of Assets Acquired And Liabilities Assumed	Accounts receivable $ 11 Inventories 55,077 Prepaid expenses and other assets 1,050 Property and equipment, net 142 Total assets $ 56,280 Accounts payable $ 3,646 Accrued expenses and other liabilities 2,431 Total liabilities 6,077 Purchase price/Net equity $ 50,203
Wade Jurney Homes [Member]
Business Combinations [Line Items]
Schedule Of Fair Values Of Assets Acquired And Liabilities Assumed	Cash and cash equivalents $ 9,464 Cash held in escrow 260 Accounts receivable 1,042 Inventories 156,828 Prepaid expenses and other assets 7,710 Amortizable intangible assets 3,600 Goodwill 3,317 $ 182,221 Accounts payable $ 12,516 Accrued expenses and other liabilities 2,349 Senior notes and revolving line of credit 94,231 Total liabilities 109,096 Net assets acquired $ 73,125
Schedule Of Total Consideration Transferred	Cash consideration transferred for 50% ownership interest $ 37,500 Previously held equity interest acquisition date fair value 35,625 Net assets acquired $ 73,125

Inventory (Tables)

Inventory (Tables)	12 Months Ended
	Dec. 31, 2019
Inventory [Abstract]
Schedule Of Inventories	December 31, December 31, 2019 2018 Homes under construction $ 1,091,576 $ 1,073,682 Land and land development 836,904 720,719 Capitalized interest 67,069 53,842 Total inventories $ 1,995,549 $ 1,848,243

Amortizable Intangible Assets (

Amortizable Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Amortizable Intangible Assets [Abstract]
Schedule Of Amortizable Intangible Assets	As of December 31, 2019 2018 Home plans $ 764 $ 764 Non-compete agreements 300 5,365 Trade names — 3,300 Cell phone tower lease — 1,408 Gross intangible assets 1,064 10,837 Accumulated amortization ( 856 ) ( 5,742 ) Intangible assets, net $ 208 $ 5,095

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2019
Property and Equipment [Abstract]
Schedule Of Property And Equipment	December 31, December 31, 2019 2018 Land $ 3,289 $ 3,289 Buildings and improvements 3,849 3,095 Leasehold improvements 3,138 1,882 Machinery and equipment 11,058 11,110 Furniture and fixtures 2,657 3,349 Model furnishings 29,829 24,118 Computer hardware and software 11,765 8,244 65,585 55,087 Less accumulated depreciation ( 29,587 ) ( 21,829 ) Total property and equipment, net $ 35,998 $ 33,258

Prepaid Expenses and Other As_2

Prepaid Expenses and Other Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Prepaid Expenses and Other Assets [Abstract]
Schedule Of Prepaid Expenses And Other Assets	December 31, December 31, 2019 2018 Prepaid insurance $ 26,175 $ 20,226 Lot option and escrow deposits 48,810 51,038 Right of use assets 18,854 — Performance deposits 6,299 4,552 Deferred financing costs revolving line of credit, net 4,574 4,155 Restricted cash (1) 3,085 3,539 Secured notes receivable 2,602 4,947 Insurance receivable and other 13,401 51,940 Total prepaid expenses and other assets $ 123,800 $ 140,397 (1) Restricted cash consists of earnest money deposits for home sale contracts held by third parties as required by various jurisdictions, and certain pledge balances associated with our mortgage repurchase facilities.

Investment in Unconsolidated _2

Investment in Unconsolidated Subsidiaries (Tables)	12 Months Ended
	Dec. 31, 2019
WJH [Member]
Schedule of Equity Method Investments [Line Items]
Schedule of Unaudited Selected Financial Information	December 31, 2017 (unaudited) Homebuilding revenues $ 271,653 Income before income tax expense $ 26,185

Accrued Expenses and Other Li_2

Accrued Expenses and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2019
Accrued Expenses and Other Liabilities [Abstract]
Schedule Of Accrued Expenses And Other Liabilities	December 31, December 31, 2019 2018 Earnest money deposits $ 10,592 $ 13,990 Warranty reserve 9,731 7,970 Accrued compensation costs 30,888 29,770 Land development and home construction accruals 110,284 77,748 Lease liabilities - operating leases 19,306 — Accrued interest 14,562 15,636 Income taxes payable 329 — Liability for product financing arrangement and other 18,283 68,043 Total accrued expenses and other liabilities $ 213,975 $ 213,157

Warranties (Tables)

Warranties (Tables)	12 Months Ended
	Dec. 31, 2019
Warranties [Abstract]
Schedule Of Changes In Warranty Accrual	Year ended December 31, 2019 2018 2017 Beginning balance $ 7,970 $ 8,531 $ 2,479 Warranty reserve assumed in business combination — 397 5,327 Warranty expense provisions 7,727 6,686 4,709 Payments ( 4,024 ) ( 4,204 ) ( 2,526 ) Warranty adjustment ( 1,942 ) ( 3,440 ) ( 1,458 ) Ending balance $ 9,731 $ 7,970 $ 8,531

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2019
Debt [Abstract]
Schedule Of Outstanding Debt Obligations	December 31, December 31, 2019 2018 6.750% senior notes, due May 2027 (1) $ 494,307 $ — 5.875% senior notes, due July 2025 (1) 396,120 395,415 6.875% senior notes, due May 2022 (1) — 380,567 Other financing obligations 6,277 8,795 Notes payable 896,704 784,777 Revolving line of credit, due April 2023 68,700 202,500 Mortgage repurchase facilities 174,095 104,555 Total debt $ 1,139,499 $ 1,091,832 (1) The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes.
Schedule Of Aggregate Annual Maturities Of Debt	2020 $ 176,927 2021 3,445 2022 — 2023 68,700 2024 — Thereafter 900,000 Total 1,149,072 Less: Discount and deferred financing costs, net on senior notes ( 9,573 ) Carrying amount $ 1,139,499

Interest (Tables)

Interest (Tables)	12 Months Ended
	Dec. 31, 2019
Interest [Abstract]
Schedule Of Capitalized Interest Costs	Year ended December 31, 2019 2018 2017 Interest capitalized beginning of period $ 53,842 $ 41,762 $ 28,935 Interest capitalized during period 74,377 60,772 45,725 Less: capitalized interest in cost of sales ( 61,150 ) ( 48,692 ) ( 32,898 ) Interest capitalized end of period $ 67,069 $ 53,842 $ 41,762

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Taxes [Abstract]
Schedule Of Income Tax Expense	Year Ended December 31, 2019 2018 2017 Current Federal $ 9,113 $ 27,815 $ 29,241 State and local 7,354 8,415 3,954 Total current 16,467 36,230 33,195 Deferred Federal 2,528 ( 3,182 ) 920 State and local 646 ( 973 ) ( 246 ) Total deferred 3,174 ( 4,155 ) 674 Income tax expense $ 19,641 $ 32,075 $ 33,869
Schedule Of Components Of Income Tax Expense By Expense	Year Ended December 31, 2019 2018 2017 Statutory income tax expense $ 27,844 $ 26,991 $ 29,469 State income tax expense, net of federal income tax expense 5,483 4,847 3,596 Domestic production activities deduction - - ( 2,513 ) Executive compensation 4,123 2,760 - Excess tax benefits upon vesting of share based payment awards ( 252 ) ( 1,276 ) - Remeasurement of deferred tax assets - 1,548 2,790 Federal energy credits ( 17,256 ) ( 2,426 ) - Other permanent items ( 301 ) ( 369 ) 527 Income tax expense $ 19,641 $ 32,075 $ 33,869
Schedule Of Deferred Tax Assets And Liabilities	As of December 31, 2019 2018 Deferred tax assets Warranty reserves $ 2,356 $ 1,944 Amortizable intangible assets 2,183 1,127 Stock-based compensation 598 3,055 Accrued compensation and other 2,775 5,075 Inventories, additional costs capitalized for tax 8,206 7,281 Deferred tax asset 16,118 18,482 Deferred tax liabilities Prepaid expenses 264 1,133 Property and equipment 5,265 3,586 Deferred tax liability 5,529 4,719 Net deferred tax asset $ 10,589 $ 13,763

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments	December 31, 2019 December 31, 2018 Hierarchy Carrying Fair Value Carrying Fair Value Secured notes receivable (1) Level 2 $ 2,602 $ 2,545 $ 4,947 $ 4,830 Mortgage loans held for sale (2) Level 2 $ 185,246 $ 185,246 $ 112,394 $ 112,394 Derivative assets (3) Level 2 $ 1,382 $ 1,382 $ 726 $ 726 5.875% senior notes (4)(5) Level 2 $ 396,120 $ 415,680 $ 395,415 $ 356,000 6.750% senior notes (4)(5) Level 2 $ 494,307 $ 537,500 $ — $ — 6.875% senior notes (4)(5) Level 2 $ — $ — $ 380,567 $ 372,488 Revolving line of credit (6) Level 3 $ 68,700 $ 68,700 $ 202,500 $ 202,500 Other financing obligations (6)(7) Level 2 $ 6,277 $ 6,277 $ 8,795 $ 8,795 Mortgage repurchase facilities (6) Level 2 $ 174,095 $ 174,095 $ 104,555 $ 104,555 (1) Estimated fair value of the secured notes receivable was based on cash flow models discounted at market interest rates which considered the underlying risks of the note. (2) The mortgage loans held for sale are carried at fair value, which is based on quoted market prices for committed mortgage loans. (3) Derivative instruments are carried at fair value and based on market prices for similar instruments. Changes in fair value are reflected in financial services revenue on the condensed consolidated statement of operations. As of December 31, 2019 and December 31, 2018, we had immaterial amounts of derivative liabilities which are presented within accrued expenses and other liabilities on the condensed consolidated balance sheets. Refer to Note 1 – Nature of Operations and Summary of Significant Accounting Policies for further information regarding our derivative instruments. (4) Estimated fair value of the senior notes is based on recent trading activity in inactive markets. (5) Carrying amounts include any associated unamortized deferred financing costs, premiums and discounts. As of December 31, 2019, these amounts totaled $ 5.7 million and $ 3.9 million for the 6.750 % senior notes and 5.875 % senior notes, respectively. As of December 31, 2018, these amounts totaled $ 4.9 million and $ 4.6 million for the 6.875 % senior notes and 5.875 % senior notes, respectively. (6) Carrying amount approximates fair value due to short-term nature and interest rate terms. (7) Insurance premium notes included in other financing obligations bore interest rates ranging from 3.278 % to 3.240 % during the year ended December 31, 2019 and during the year ended December 31, 2018 bore an interest rate of 3.278 %.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Information Of Lease Right Of Use Asset And Lease Liability	Year Ended December 31, 2019 Cash paid for operating lease liabilities $ 5,361 Right-of-use assets obtained in exchange for new operating lease obligations $ 5,225 Weighted-average remaining lease term 4.13 years Weighted-average discount rate 6.22 %
Maturities Of Lease Liabilities	2020 $ 5,353 2021 5,406 2022 4,451 2023 3,837 2024 2,542 Thereafter 282 Total $ 21,871 Less: discount ( 2,565 ) Total lease liabilities $ 19,306

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2019
Stock-Based Compensation [Abstract]
Schedule Of Restricted Stock Award Activity	Year Ended December 31, 2019 2018 2017 Shares Weighted average per share grant date fair value Shares Weighted average per share grant date fair value Shares Weighted average per share grant date fair value Outstanding, beginning of year 846 $ 25.14 834 $ 18.16 852 $ 15.81 Granted 882 23.49 592 29.86 460 21.64 Vested ( 430 ) 23.53 ( 491 ) 18.02 ( 452 ) 17.19 Forfeited ( 79 ) 24.99 ( 89 ) 22.44 ( 26 ) 19.63 Outstanding, end of year 1,219 $ 24.64 846 $ 25.14 834 $ 18.16
Summary Of Outstanding RSUs, PSUs And RSAs	As of December 31, 2019 Unvested units 1,219 Unrecognized compensation cost $ 12,568 Period to recognize compensation cost 1.6 years

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share, Basic And Diluted	Year ended December 31, 2019 2018 2017 Numerator Net income $ 112,994 $ 96,455 $ 50,295 Less: Undistributed earnings allocated to participating securities — ( 59 ) ( 384 ) Net income allocable to common stockholders $ 112,994 $ 96,396 $ 49,911 Denominator Weighted average common shares outstanding - basic 30,886,382 30,084,913 24,280,871 Dilutive effect of restricted stock units 300,570 306,433 274,638 Weighted average common shares outstanding - diluted 31,186,952 30,391,346 24,555,509 Earnings per share: Basic $ 3.66 $ 3.20 $ 2.06 Diluted $ 3.62 $ 3.17 $ 2.03

Results of Quarterly Operatio_2

Results of Quarterly Operations (Tables)	12 Months Ended
	Dec. 31, 2019
Results Of Quarterly Operations [Abstract]
Schedule Of Quarterly Financial Information	Quarter First Second Third Fourth (in thousands, except per share amounts) 2019 Home sales revenues $ 523,302 $ 608,636 $ 573,860 $ 775,667 Gross margin from home sales revenues $ 89,545 $ 104,708 $ 104,026 $ 142,945 Income before tax expense $ 22,997 $ 20,830 $ 34,840 $ 53,968 Net income $ 17,117 $ 15,495 $ 27,024 $ 53,358 Basic earnings per share $ 0.57 $ 0.51 $ 0.88 $ 1.65 Diluted earnings per share $ 0.56 $ 0.51 $ 0.87 $ 1.63 2018 Home sales revenues $ 394,831 $ 522,164 $ 552,876 $ 640,187 Gross margin from home sales revenues $ 75,248 $ 94,967 $ 92,732 $ 105,492 Income before tax expense $ 23,107 $ 46,502 $ 22,859 $ 36,062 Net income $ 20,019 $ 33,193 $ 17,048 $ 26,195 Basic earnings per share $ 0.68 $ 1.11 $ 0.56 $ 0.85 Diluted earnings per share $ 0.67 $ 1.10 $ 0.56 $ 0.85

Supplemental Guarantor Inform_2

Supplemental Guarantor Information (Tables)	12 Months Ended
	Dec. 31, 2019
Supplemental Guarantor Information [Abstract]
Supplemental Condensed Consolidated Balance Sheet	Supplemental Condensed Consolidated Balance Sheet As of December 31, 2019 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Assets Cash and cash equivalents $ 1,577 — 53,859 — $ 55,436 Cash held in escrow — 35,308 — — 35,308 Accounts receivable 15,363 12,327 ( 252 ) — 27,438 Investment in consolidated subsidiaries 1,996,703 — — ( 1,996,703 ) — Inventories — 1,995,549 — — 1,995,549 Mortgage loans held for sale — — 185,246 — 185,246 Prepaid expenses and other assets 9,539 101,113 13,148 — 123,800 Deferred tax assets, net 10,589 — — — 10,589 Property and equipment, net 15,256 19,614 1,128 — 35,998 Amortizable intangible assets, net — 208 — — 208 Goodwill — 30,395 — — 30,395 Total assets $ 2,049,027 $ 2,194,514 $ 253,129 $ ( 1,996,703 ) $ 2,499,967 Liabilities and stockholders’ equity Liabilities: Accounts payable $ ( 13 ) 83,853 954 — $ 84,794 Accrued expenses and other liabilities 28,214 173,403 12,358 — 213,975 Notes payable 890,427 6,277 — — 896,704 Revolving line of credit 68,700 — — — 68,700 Mortgage repurchase facilities — — 174,095 — 174,095 Total liabilities 987,328 263,533 187,407 — 1,438,268 Stockholders’ equity: 1,061,699 1,930,981 65,722 ( 1,996,703 ) 1,061,699 Total liabilities and stockholders’ equity $ 2,049,027 $ 2,194,514 $ 253,129 $ ( 1,996,703 ) $ 2,499,967 Supplemental Condensed Consolidated Balance Sheet As of December 31, 2018 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Assets Cash and cash equivalents $ 2,183 $ 2,101 $ 28,618 $ — $ 32,902 Cash held in escrow — 24,344 — — 24,344 Accounts receivable 6,117 7,424 ( 77 ) — 13,464 Investment in consolidated subsidiaries 1,827,456 — — ( 1,827,456 ) — Inventories — 1,848,243 — — 1,848,243 Mortgage loans held for sale — — 112,394 — 112,394 Prepaid expenses and other assets 51,177 85,224 3,996 — 140,397 Deferred tax assets, net 13,763 — — — 13,763 Property and equipment, net 13,274 18,989 995 — 33,258 Amortizable intangible assets, net — 5,095 — — 5,095 Goodwill — 30,395 — — 30,395 Total assets $ 1,913,970 $ 2,021,815 $ 145,926 $ ( 1,827,456 ) $ 2,254,255 Liabilities and stockholders’ equity Liabilities: Accounts payable $ 623 $ 88,627 $ 657 $ — $ 89,907 Accrued expenses and other liabilities 75,506 131,548 6,103 — 213,157 Notes payable 775,982 8,795 — — 784,777 Revolving line of credit 202,500 — — — 202,500 Mortgage repurchase facilities — — 104,555 — 104,555 Total liabilities 1,054,611 228,970 111,315 — 1,394,896 Stockholders’ equity: 859,359 1,792,845 34,611 ( 1,827,456 ) 859,359 Total liabilities and stockholders’ equity $ 1,913,970 $ 2,021,815 $ 145,926 $ ( 1,827,456 ) $ 2,254,255
Supplemental Condensed Consolidated Statement Of Operations	Supplemental Condensed Consolidated Statement of Operations For the Year Ended December 31, 2019 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries CCS Revenues Homebuilding revenues Home sales revenues $ — $ 2,481,465 $ — $ — $ 2,481,465 Land sales and other revenues — 11,184 — — 11,184 — 2,492,649 — — 2,492,649 Financial services revenue — — 43,262 — 43,262 Total revenues — 2,492,649 43,262 — 2,535,911 Homebuilding cost of revenues Cost of home sales revenues — ( 2,040,241 ) — — ( 2,040,241 ) Cost of land sales and other revenues — ( 8,130 ) — — ( 8,130 ) — ( 2,048,371 ) — — ( 2,048,371 ) Financial services costs — — ( 32,575 ) — ( 32,575 ) Selling, general and administrative ( 74,145 ) ( 227,380 ) — — ( 301,525 ) Loss on debt extinguishment ( 10,832 ) — — — ( 10,832 ) Inventory impairment and other — ( 4,783 ) — — ( 4,783 ) Acquisition expense — — — — — Equity in earnings from consolidated subsidiaries 167,503 — — ( 167,503 ) — Equity in income of unconsolidated subsidiaries — — — — — Other income (expense) ( 5,725 ) 372 163 — ( 5,190 ) Income before income tax expense 76,801 212,487 10,850 ( 167,503 ) 132,635 Income tax expense 36,193 ( 53,122 ) ( 2,712 ) — ( 19,641 ) Net income $ 112,994 $ 159,365 $ 8,138 $ ( 167,503 ) $ 112,994 Supplemental Condensed Consolidated Statement of Operations For the Year Ended December 31, 2018 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Revenues Homebuilding revenues Home sales revenues $ — $ 2,110,058 $ — $ — $ 2,110,058 Land sales and other revenues — 5,631 — — 5,631 — 2,115,689 — — 2,115,689 Financial services revenue — — 31,724 — 31,724 Total revenues — 2,115,689 31,724 — 2,147,413 Homebuilding cost of revenues Cost of home sales revenues — ( 1,741,619 ) — — ( 1,741,619 ) Cost of land sales and other revenues — ( 3,832 ) — — ( 3,832 ) — ( 1,745,451 ) — — ( 1,745,451 ) Financial services costs — — ( 22,958 ) — ( 22,958 ) Selling, general and administrative ( 70,578 ) ( 193,403 ) — — ( 263,981 ) Acquisition expense ( 437 ) — — — ( 437 ) Equity in earnings from consolidated subsidiaries 138,746 — — ( 138,746 ) — Equity in income from unconsolidated subsidiaries 14,849 — — — 14,849 Other income (expense) ( 299 ) ( 606 ) — — ( 905 ) Income before income tax expense 82,281 176,229 8,766 ( 138,746 ) 128,530 Income tax expense 14,174 ( 44,057 ) ( 2,192 ) — ( 32,075 ) Net income $ 96,455 $ 132,172 $ 6,574 $ ( 138,746 ) $ 96,455 Supplemental Condensed Consolidated Statement of Operations For the Year Ended December 31, 2017 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Revenues Homebuilding revenues Home sales revenues $ — $ 1,405,443 $ — $ — $ 1,405,443 Land sales and other revenues — 8,503 — — 8,503 — 1,413,946 — — 1,413,946 Financial services revenue — — 9,853 — 9,853 Total revenues — 1,413,946 9,853 — 1,423,799 Homebuilding cost of revenues Cost of home sales revenues — ( 1,153,359 ) — — ( 1,153,359 ) Cost of land sales and other revenues — ( 6,516 ) — — ( 6,516 ) — ( 1,159,875 ) — — ( 1,159,875 ) Financial services costs — — ( 8,664 ) — ( 8,664 ) Selling, general and administrative ( 49,072 ) ( 127,232 ) — — ( 176,304 ) Acquisition expense ( 9,905 ) — — — ( 9,905 ) Equity in earnings from consolidated subsidiaries 84,425 — — ( 84,425 ) — Equity in income from unconsolidated subsidiaries 12,176 — — — 12,176 Other income (expense) 1,080 1,820 37 — 2,937 Income before income tax expense 38,704 128,659 1,226 ( 84,425 ) 84,164 Income tax expense 11,591 ( 45,031 ) ( 429 ) — ( 33,869 ) Net income $ 50,295 $ 83,628 $ 797 $ ( 84,425 ) $ 50,295
Supplemental Condensed Consolidated Statement Of Cash Flows	Supplemental Condensed Consolidated Statement of Cash Flows For the Year Ended December 31, 2019 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Net cash provided by/(used in) operating activities $ ( 54,572 ) $ 51,793 $ ( 66,028 ) $ — $ ( 68,807 ) Net cash used in investing activities $ 11,818 $ ( 8,815 ) $ ( 133 ) $ ( 17,153 ) $ ( 14,283 ) Financing activities Borrowings under revolving credit facilities $ 1,548,500 $ — $ — $ — $ 1,548,500 Payments on revolving credit facilities ( 1,682,300 ) — — — ( 1,682,300 ) Proceeds from issuance of senior notes 500,000 500,000 Extinguishment of senior notes due 2022 ( 391,942 ) — — — ( 391,942 ) Principal payments on notes payable — ( 20,237 ) — — ( 20,237 ) Proceeds from insurance notes payable — 13,719 — — 13,719 Debt issuance costs ( 6,140 ) — — — ( 6,140 ) Net proceeds from mortgage repurchase facilities — — 69,540 — 69,540 Net proceeds from issuances of common stock 79,052 — — — 79,052 Repurchases of common stock upon vesting of stock-based compensation ( 3,583 ) — — — ( 3,583 ) Repurchases of common stock under our stock repurchase program ( 1,439 ) — — — ( 1,439 ) Payments from (and advances to) parent/subsidiary — ( 40,126 ) 22,973 17,153 — Net cash provided by (used in) financing activities $ 42,148 $ ( 46,644 ) $ 92,513 $ 17,153 $ 105,170 Net increase (decrease) $ ( 606 ) $ ( 3,666 ) $ 26,352 $ — $ 22,080 Cash and cash equivalents and restricted cash Beginning of period $ 2,183 $ 4,006 $ 30,252 $ — $ 36,441 End of period $ 1,577 $ 340 $ 56,604 $ — $ 58,521 Cash and cash equivalents $ 1,577 $ — $ 53,859 $ — $ 55,436 Restricted Cash — 340 2,745 — 3,085 Cash and cash equivalents and restricted cash $ 1,577 $ 340 $ 56,604 $ — $ 58,521 Supplemental Condensed Consolidated Statement of Cash Flows For the Year Ended December 31, 2018 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Net cash provided by/(used in) operating activities $ ( 74,074 ) $ ( 71,532 ) $ ( 49,972 ) $ — $ ( 195,578 ) Net cash used in investing activities $ ( 98,523 ) $ ( 170,862 ) $ ( 461 ) $ 226,310 $ ( 43,536 ) Financing activities Borrowings under revolving credit facilities $ 721,000 $ — $ — $ — $ 721,000 Payments on revolving credit facilities ( 518,500 ) — — — ( 518,500 ) Principal payments on notes payable ( 9 ) ( 5,362 ) — — ( 5,371 ) Proceeds from insurance notes payable — 11,839 — — 11,839 Extinguishment of debt assumed in business combination ( 94,231 ) — — — ( 94,231 ) Debt issuance costs ( 3,642 ) — — — ( 3,642 ) Net proceeds from mortgage repurchase facilities — — 56,236 — 56,236 Net proceeds from issuances of common stock 30,947 — — — 30,947 Repurchases of common stock upon vesting of stock-based compensation ( 5,484 ) — — — ( 5,484 ) Repurchases of common stock under our stock repurchase program ( 10,952 ) — — — ( 10,952 ) Payments from (and advances to) parent/subsidiary ( 583 ) 211,879 15,014 ( 226,310 ) — Net cash provided by (used in) financing activities $ 118,546 $ 218,356 $ 71,250 $ ( 226,310 ) $ 181,842 Net increase (decrease) $ ( 54,051 ) $ ( 24,038 ) $ 20,817 $ — $ ( 57,272 ) Cash and cash equivalents and restricted cash Beginning of period $ 56,234 $ 28,044 $ 9,435 $ — $ 93,713 End of period $ 2,183 $ 4,006 $ 30,252 $ — $ 36,441 Cash and cash equivalents $ 2,183 $ 2,101 $ 28,618 $ — $ 32,902 Restricted Cash — 1,905 1,634 — 3,539 Cash and cash equivalents and restricted cash $ 2,183 $ 4,006 $ 30,252 $ — $ 36,441 Supplemental Condensed Consolidated Statement of Cash Flows For the Year Ended December 31, 2017 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Net cash used in operating activities $ ( 27,787 ) $ ( 33,169 ) $ ( 50,316 ) $ — $ ( 111,272 ) Net cash used in investing activities ( 456,299 ) $ ( 118,583 ) $ ( 513 ) $ 440,949 $ ( 134,446 ) Financing activities — Borrowings under revolving credit facilities $ 175,000 $ — $ — $ — $ 175,000 Payments on revolving credit facilities ( 370,000 ) — — — ( 370,000 ) Proceeds from issuance of senior notes 527,500 — — — 527,500 Proceeds from insurance premium notes and other — 2,320 — — 2,320 Extinguishments of debt assumed in business combination — ( 151,919 ) — — ( 151,919 ) Principal payments on notes payable — ( 6,998 ) — — ( 6,998 ) Debt issuance costs ( 8,579 ) — — — ( 8,579 ) Repurchases of common stock upon vesting of restricted stock awards ( 5,231 ) — — — ( 5,231 ) Payments from (and advances to) parent/subsidiary 108,930 326,242 5,777 ( 440,949 ) — Net proceeds from mortgage repurchase facilities — — 48,320 — 48,320 Net proceeds from issuances of common stock 98,063 — — — 98,063 Net cash provided by financing activities 525,683 $ 169,645 $ 54,097 $ ( 440,949 ) 308,476 Net increase (decrease) 41,597 $ 17,893 $ 3,268 $ — 62,758 Cash and cash equivalents and restricted cash Beginning of period $ 14,637 $ 10,151 $ 6,167 $ — $ 30,955 End of period 56,234 $ 28,044 $ 9,435 $ — 93,713 Cash and cash equivalents $ 56,234 $ 23,399 $ 9,199 $ — $ 88,832 Restricted Cash — 4,645 236 — 4,881 Cash and cash equivalents and Restricted cash $ 56,234 $ 28,044 $ 9,435 $ — $ 93,713

Nature of Operations and Summ_4

Nature of Operations and Summary of Significant Accounting Policies (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)segmentstate	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Jan. 01, 2019USD ($)	Jan. 01, 2018USD ($)
Summary of Significant Accounting Policies [Line Items]
Number of operating states | state	17
Number of operating segments | segment	5
Allowance for doubtful accounts receivable	$ 0	$ 0
Earnest money deposits	10,600	14,000
Impairment of real estate	2,000
Non-refundable cash deposits	43,000	42,600
Advertising and marketing costs	17,000	17,400	$ 12,600
Decrease retained earnings					$ 600
Earnest money deposits	10,592	13,990
Mortgage loans in process	37,600	26,200
Mortgage loans held for sale	185,246	112,394
Gains on sale of mortgage loans	32,200	22,000	5,800
Tax valuation allowance	0	0	0
Reserves for uncetain tax positions	0	0	$ 0
Goodwill impairment	0	0
Mortgage loans held for investment reclassified to prepaid and other assets		1,000
Derivative assets reclassified to prepaid and other assets		700
Right of use asset	18,854
Lease liability	19,306
Inspire [Member]
Summary of Significant Accounting Policies [Line Items]
Mortgage loans held for sale	185,200	112,400
Mortgage loans held for sale aggregate outstanding principal balance	$ 179,300	$ 108,000
ASC 842 [Member]
Summary of Significant Accounting Policies [Line Items]
Right of use asset				$ 17,700
Lease liability				$ 18,700
Minimum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	2 years
Maximum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	3 years
Weighted Average [Member] | Inspire [Member]
Summary of Significant Accounting Policies [Line Items]
Interest rate	3.90%	4.70%
Trade Names [Member] | Wade Jurney Homes [Member]
Summary of Significant Accounting Policies [Line Items]
Gain (loss) on assets impairment	$ (2,800)
Cell Phone Tower Lease [Member] | Wade Jurney Homes [Member]
Summary of Significant Accounting Policies [Line Items]
Gain (loss) on assets impairment	$ 800

Nature of Operations and Summ_5

Nature of Operations and Summary of Significant Accounting Policies (Schedule Of Estimated Lives Of Property Plant And Equipment) (Details)	12 Months Ended
	Dec. 31, 2019
Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	2 years
Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Buildings And Improvements [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Buildings And Improvements [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	40 years
Leasehold Improvements [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Leasehold Improvements [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years
Machinery And Equipment [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Machinery And Equipment [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	25 years
Furniture And Fixtures [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	2 years
Furniture And Fixtures [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	7 years
Model Furnishings [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	2 years
Model Furnishings [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Computer Hardware And Software [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	1 year
Computer Hardware And Software [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years

Nature of Operations and Summ_6

Nature of Operations and Summary of Significant Accounting Policies (Schedule Of Amortizable Classification Of Intangible Assets) (Details)	12 Months Ended
	Dec. 31, 2019
Home Plans [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	7 years
Minimum | Home Construction Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	1 year
Minimum | Non-Compete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	2 years
Maximum | Home Construction Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	2 years
Maximum | Non-Compete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	5 years

Reporting Segments (Narrative)

Reporting Segments (Narrative) (Details)	12 Months Ended
	Dec. 31, 2019segmentstateregion
Segment Reporting Information [Line Items]
Number of operating states	17
Number of operating regions | region	4
Number of reportable segments | segment	5
Wade Jurney Homes [Member]
Segment Reporting Information [Line Items]
Number of operating states	11

Reporting Segments (Schedule Of

Reporting Segments (Schedule Of Total Revenue And Pretax Income By Segment) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Total revenue									$ 2,535,911	$ 2,147,413	$ 1,423,799
Total income (loss) before income tax expense	$ 53,968	$ 34,840	$ 20,830	$ 22,997	$ 36,062	$ 22,859	$ 46,502	$ 23,107	132,635	128,530	84,164
West [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									534,613	459,254	210,696
Total income (loss) before income tax expense									43,027	38,380	14,640
Mountain [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									729,045	701,985	616,517
Total income (loss) before income tax expense									89,201	89,048	75,704
Texas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									252,921	213,508	165,170
Total income (loss) before income tax expense									25,866	13,682	10,952
Southeast [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									548,661	530,891	421,563
Total income (loss) before income tax expense									31,435	33,267	29,662
Wade Jurney Homes [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									427,409	210,051
Total income (loss) before income tax expense									22,044	(754)
Financial Services [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									43,262	31,724	9,853
Total income (loss) before income tax expense									10,687	8,766	1,225
Corporate [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue
Total income (loss) before income tax expense									$ (89,625)	$ (53,859)	$ (48,019)

Reporting Segments (Schedule _2

Reporting Segments (Schedule Of Total Assets By Segment) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total assets	$ 2,499,967	$ 2,254,255
West [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	610,248	502,381
Mountain [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	635,201	621,757
Texas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	232,887	209,550
Southeast [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	441,818	448,681
Wade Jurney Homes [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	244,827	204,925
Financial Services [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	254,282	146,710
Corporate [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	$ 80,704	$ 120,251

Business Combinations (Narrativ

Business Combinations (Narrative) (Details) $ / shares in Units, $ in Thousands	Jun. 14, 2018USD ($)	Aug. 17, 2017USD ($)	Aug. 04, 2017USD ($)item$ / sharesshares	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Jun. 14, 2018USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Oct. 31, 2017USD ($)	Nov. 30, 2016
Business Combinations [Line Items]
Total cash consideration														$ 28,036	$ 130,047
Expense related to refinements of estimated fair value of inventories														1,500
Acquisition expense														437	9,905
Proceeds from divestiture of businesses															17,074
Revenues													$ 2,535,911	2,147,413	1,423,799
Income before tax expense				$ 53,968	$ 34,840	$ 20,830	$ 22,997	$ 36,062	$ 22,859	$ 46,502	$ 23,107		132,635	128,530	84,164
Equity in income of unconsolidated subsidiaries												$ 14,800		14,849	12,176
Accumulated amortization				856				$ 5,742					856	5,742
UCP, Inc [Member]
Business Combinations [Line Items]
Cash paid per share | $ / shares			$ 5.32
Conversion of stock, ratio			0.2309%
Shares issued in connection to merger | shares			4,200,000
Total cash consideration			$ 100,150
Fractional shares | shares			0
Total fair value of awards			$ 6,200
Total fair value of award attribute to services performed by UCP			1,149
Acquisition expense															$ 9,600
Total consideration in cash and equity			209,036
Cash acquired from business acquisition			$ 20,264
Number of lots | item			4,199
Number of communities | item			43
Number of homes in backlog | item			346
Number of model homes | item			59
Goodwill amount expected to be tax deductible				$ 5,400									$ 5,400
UCP, Inc [Member] | Minimum
Business Combinations [Line Items]
Market gross margin				6.00%									6.00%
UCP, Inc [Member] | Maximum
Business Combinations [Line Items]
Market gross margin				20.00%									20.00%
UCP, Inc [Member] | BMCH South Carolina, LLC [Member]
Business Combinations [Line Items]
Proceeds from divestiture of businesses		$ 17,100
UCP, Inc [Member] | Restricted Stock Units [Member]
Business Combinations [Line Items]
Conversion of stock, shares | shares			200,000
Sundquist Homes [Member]
Business Combinations [Line Items]
Total consideration in cash and equity																$ 50,203
Goodwill amount expected to be tax deductible				$ 4,800									$ 4,800
Sundquist Homes [Member] | Minimum
Business Combinations [Line Items]
Market gross margin				6.00%									6.00%
Sundquist Homes [Member] | Maximum
Business Combinations [Line Items]
Market gross margin				20.00%									20.00%
Wade Jurney Homes [Member]
Business Combinations [Line Items]
Acquisition expense													$ 400
Total consideration in cash and equity	$ 73,125											73,125
Cash acquired from business acquisition	9,464											$ 9,464
Business combination, purchase price	$ 37,500
Ownership interest	50.00%											50.00%					50.00%
Previously held equity interest	$ 35,625													35,600
Estimated discount for lack of control														1,900
Revenues														210,100
Income before tax expense														(800)
Equity in income of unconsolidated subsidiaries														$ 7,200
Wade Jurney Homes [Member]
Business Combinations [Line Items]
Ownership subsidiary	100.00%											100.00%
Cell Phone Tower Lease [Member]
Business Combinations [Line Items]
Accumulated amortization				$ 500									500
Cell Phone Tower Lease [Member] | Wade Jurney Homes [Member]
Business Combinations [Line Items]
Gain (loss) on assets impairment													800
Trade Names [Member] | Wade Jurney Homes [Member]
Business Combinations [Line Items]
Estimated fair value													$ 3,300
Amortization period													10 years
Gain (loss) on assets impairment													$ (2,800)
Accumulated amortization				$ 500									500
Non-Compete Agreements [Member] | Wade Jurney Homes [Member]
Business Combinations [Line Items]
Estimated fair value													$ 300
Amortization period													2 years
Century Common Stock [Member] | UCP, Inc [Member]
Business Combinations [Line Items]
Conversion of stock, ratio			0.2309%
Shares issued in connection to merger | shares			4,176,000

Business Combinations (Summary

Business Combinations (Summary Of Total Consideration) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Aug. 04, 2017	Dec. 31, 2018	Dec. 31, 2017	Aug. 03, 2017
Total cash consideration		$ 28,036	$ 130,047
UCP, Inc [Member]
UCP Shares (including noncontrolling interest)				18,085
Cash paid per share	$ 5.32
Cash consideration	$ 96,213
Cash consideration pertaining to stockholder exercising appraisal rights	3,937
Total cash consideration	$ 100,150
Exchange ratio	0.2309%
Number of CCS shares issued	4,200
Closing price of CCS common stock				$ 25.80
Total replacement award value	$ 1,149
Total equity consideration	108,886
Total consideration in cash and equity	209,036
UCP, Inc [Member] | Common Stock [Member]
Consideration attributable to common stock	$ 107,737
Century Common Stock [Member] | UCP, Inc [Member]
Exchange ratio	0.2309%
Number of CCS shares issued	4,176

Business Combinations (Schedule

Business Combinations (Schedule Of Total Consideration Transferred) (Details) - Wade Jurney Homes [Member] - USD ($) $ in Thousands	Jun. 14, 2018	Dec. 31, 2018
Business Acquisition [Line Items]
Cash consideration transferred for 50% ownership interest	$ 37,500
Previously held equity interest acquisition date fair value	35,625	$ 35,600
Net assets acquired	$ 73,125

Business Combinations (Schedu_2

Business Combinations (Schedule Of Fair Values Of Assets Acquired And Liabilities Assumed) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Jun. 14, 2018	Oct. 31, 2017	Aug. 04, 2017
Assets acquired and liabilities assumed
Goodwill	$ 30,395	$ 30,395
UCP, Inc [Member]
Assets acquired and liabilities assumed
Cash and cash equivalents					$ 20,264
Accounts receivable					7,897
Inventories					390,234
Prepaid expenses and other assets					6,988
Property and equipment, net					717
Deferred tax asset, net					11,984
Goodwill					5,713
Total assets					443,797
Accounts payable					10,712
Accrued expenses and other liabilities					71,130
Notes payable					152,919
Total liabilities					234,761
Fair value of assets acquired					$ 209,036
Sundquist Homes [Member]
Assets acquired and liabilities assumed
Accounts receivable				$ 11
Inventories				55,077
Prepaid expenses and other assets				1,050
Property and equipment, net				142
Total assets				56,280
Accounts payable				3,646
Accrued expenses and other liabilities				2,431
Total liabilities				6,077
Fair value of assets acquired				$ 50,203
Wade Jurney Homes [Member]
Assets acquired and liabilities assumed
Cash and cash equivalents			$ 9,464
Cash held in escrow			260
Accounts receivable			1,042
Inventories			156,828
Prepaid expenses and other assets			7,710
Amortizable intangible assets			3,600
Goodwill			3,317
Total assets			182,221
Accounts payable			12,516
Accrued expenses and other liabilities			2,349
Senior notes and revolving line of credit			94,231
Total liabilities			109,096
Fair value of assets acquired			$ 73,125

Business Combinations (Schedu_3

Business Combinations (Schedule Of Pro Forma Information) (Details) - UCP, Sundquist Homes, And WJH [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Total revenues	$ 2,297,804	$ 1,990,577
Income before tax expense	148,245	111,038
Income tax expense	(37,061)	(31,753)
Net income	111,184	79,285
Less: Undistributed earnings allocated to participating securities	(68)	(517)
Numerator for basic and diluted pro forma EPS	$ 111,116	$ 78,768
Pro forma weighted average shares-basic	30,084,913	28,456,725
Pro forma weighted average shares-diluted	30,391,346	28,760,635
Pro forma basic EPS	$ 3.69	$ 2.77
Pro forma diluted EPS	$ 3.66	$ 2.74

Inventory (Schedule Of Inventor

Inventory (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Inventory [Abstract]
Homes under construction	$ 1,091,576	$ 1,073,682
Land and land development	836,904	720,719
Capitalized interest	67,069	53,842	$ 41,762	$ 28,935
Total inventories	$ 1,995,549	$ 1,848,243

Amortizable Intangible Assets_2

Amortizable Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Amortization expense	$ 1,200	$ 1,400	$ 1,300
Write off fully amortized intangible assets	6,900	0
Carrying value	1,064	10,837
Accumulated amortization	856	5,742
Net intangible assets	208	5,095
Other income (expense)	(5,190)	(905)	$ 2,937
Impairment charge	4,783
Trade Names [Member]
Carrying value		3,300
Trade Names [Member] | Wade Jurney Homes [Member]
Write off fully amortized intangible assets	3,300
Accumulated amortization	500
Impairment charge	2,800
Cell Phone Tower Lease [Member]
Carrying value	1,400	$ 1,408
Accumulated amortization	500
Net intangible assets	1,700
Other income (expense)	$ 800

Amortizable Intangible Assets_3

Amortizable Intangible Assets (Schedule Of Amortizable Intangible Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	$ 1,064	$ 10,837
Accumulated amortization	(856)	(5,742)
Net intangible assets, net	208	5,095
Home Plans [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	764	764
Non-Compete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	300	5,365
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets		3,300
Cell Phone Tower Lease [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	1,400	$ 1,408
Accumulated amortization	(500)
Net intangible assets, net	$ 1,700

Property and Equipment - (Sched

Property and Equipment - (Schedule Of Property And Equipment) (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property and equipment	$ 65,585	$ 55,087
Less accumulated depreciation	(29,587)	(21,829)
Total property and equipment, net	35,998	33,258
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	3,289	3,289
Buildings And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	3,849	3,095
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	3,138	1,882
Machinery And Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	11,058	11,110
Furniture And Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	2,657	3,349
Model Furnishings [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	29,829	24,118
Computer Hardware And Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 11,765	$ 8,244

Prepaid Expenses and Other As_3

Prepaid Expenses and Other Assets (Schedule Of Prepaid Expenses And Other Assets) (Details) - USD ($) $ in Thousands		Dec. 31, 2019	Dec. 31, 2018
Prepaid Expenses and Other Assets [Abstract]
Prepaid insurance		$ 26,175	$ 20,226
Lot option and escrow deposits		48,810	51,038
Right of use assets		18,854
Performance deposits		6,299	4,552
Deferred financing costs revolving line of credit, net		4,574	4,155
Restricted cash	[1]	3,085	3,539
Secured notes receivable		2,602	4,947
Insurance receivable and other		13,401	51,940
Total prepaid expenses and other assets		$ 123,800	$ 140,397
[1]	Restricted cash consists of earnest money deposits for home sale contracts held by third parties as required by various jurisdictions, and certain pledge balances associated with our mortgage repurchase facilities.

Investment in Unconsolidated _3

Investment in Unconsolidated Subsidiaries (Narrative) (Details) - USD ($) $ in Thousands	5 Months Ended	12 Months Ended
	Jun. 14, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019	Nov. 01, 2016
Schedule of Equity Method Investments [Line Items]
Equity in income of unconsolidated subsidiaries	$ 14,800	$ 14,849	$ 12,176
Capital contributions to unconsolidated subsidiaries			4,000
Operating distributions from unconsolidated subsidiaries	$ 7,400	$ 7,432	5,243
WJH [Member]
Schedule of Equity Method Investments [Line Items]
Ownership interest	50.00%			50.00%	50.00%
Investment in unconsolidated subsidiaries	$ 37,500				$ 15,000
Formation [Member]
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated subsidiaries					3,000
Formation [Member] | WJH [Member]
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated subsidiaries					$ 3,000
Capital contributions to unconsolidated subsidiaries			$ 3,000
Wade Jurney Homes [Member]
Schedule of Equity Method Investments [Line Items]
Ownership subsidiary	100.00%
Wade Jurney Jr [Member]
Schedule of Equity Method Investments [Line Items]
Other ownership interest				50.00%

Investment in Unconsolidated _4

Investment in Unconsolidated Subsidiaries (Schedule of Unaudited Selected Financial Information) (Details) - WJH [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)
Homebuilding revenues	$ 271,653
Income before income tax expense	$ 26,185

Accrued Expenses and Other Li_3

Accrued Expenses and Other Liabilities (Schedule Of Accrued Expenses And Other Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Accrued Expenses and Other Liabilities [Abstract]
Earnest money deposits	$ 10,592	$ 13,990
Warranty reserve	9,731	7,970	$ 8,531	$ 2,479
Accrued compensation costs	30,888	29,770
Land development and home construction accruals	110,284	77,748
Lease liabilities - operating leases	19,306
Accrued interest	14,562	15,636
Income taxes payable	329
Liability for product financing arrangement and other	18,283	68,043
Total accrued expenses and other liabilities	$ 213,975	$ 213,157

Warranties (Narrative) (Details

Warranties (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Warranties [Abstract]
Warranty adjustment	$ (1,942)	$ (3,440)	$ (1,458)

Warranties (Schedule Of Changes

Warranties (Schedule Of Changes In Warranty Accrual) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Warranties [Abstract]
Beginning balance	$ 7,970	$ 8,531	$ 2,479
Warranty reserves assumed in business combination		397	5,327
Warranty expense provisions	7,727	6,686	4,709
Payments	(4,024)	(4,204)	(2,526)
Warranty adjustment	(1,942)	(3,440)	(1,458)
Ending balance	$ 9,731	$ 7,970	$ 8,531

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)

Dec. 13, 2019

Jun. 10, 2019

Mar. 23, 2019

Jun. 05, 2018

Jan. 31, 2020

May 31, 2019

Dec. 31, 2017

May 31, 2017

Dec. 31, 2019

Dec. 31, 2018

Jan. 31, 2017

Sep. 15, 2019

Feb. 12, 2019

Jun. 28, 2018

Debt Instrument [Line Items]

Deferred issuance costs

$ 896,704,000

$ 784,777,000

Line of credit facility, outstanding amount

68,700,000

202,500,000

Mortgage repurchase facilities

174,095,000

104,555,000

Land development notes, outstanding

3,000,000

2,300,000

Insurance premium notes, outstanding

3,300,000

6,500,000

Loss on debt extinguishment

(10,832,000)

Initial Notes Due 2027 [Member]

Debt Instrument [Line Items]

Principal amount

$ 500,000,000

Net proceeds from issuance of senior debt

$ 493,900,000

Interest rate

6.75%

Maturity year

2027

Deferred issuance costs

$ 6,100,000

Exchange Notes Due 2027 [Member] | Subsequent Event

Debt Instrument [Line Items]

Interest rate

6.75%

Maturity year

2027

Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Line of credit facility, outstanding amount

68,700,000

Revolving Credit Facility [Member] | Amended And Restated Credit Agreement [Member]

Debt Instrument [Line Items]

Maturity date

Apr. 30, 2022

Revolving Credit Facility [Member] | Amended And Restated Credit Agreement [Member] | Maximum | Texas Capital Bank [Member]

Debt Instrument [Line Items]

Line of credit facility. maximum borrowing capacity

$ 540,000,000

Uncommitted option to increase credit facility

$ 100,000,000

Revolving Credit Facility [Member] | Amended And Restated Credit Agreement [Member] | Eurodollar Rate [Member] | Maximum

Debt Instrument [Line Items]

Basis spread on variable rate

3.10%

Revolving Credit Facility [Member] | Amended And Restated Credit Agreement [Member] | Eurodollar Rate [Member] | Minimum

Debt Instrument [Line Items]

Basis spread on variable rate

2.60%

Revolving Credit Facility [Member] | Amended And Restated Credit Agreement [Member] | Base Rate [Member] | Maximum

Debt Instrument [Line Items]

Basis spread on variable rate

2.10%

Revolving Credit Facility [Member] | Amended And Restated Credit Agreement [Member] | Base Rate [Member] | Minimum

Debt Instrument [Line Items]

Basis spread on variable rate

1.60%

Revolving Credit Facility [Member] | Joinder Agreement [Member]

Debt Instrument [Line Items]

Accordion feature, exercising

$ 50,000,000

$ 50,000,000

Accordion feature

100,000,000

100,000,000

Line of credit facility, availability

$ 640,000,000

$ 590,000,000

Revolving Credit Facility [Member] | First Modification Agreement [Member]

Debt Instrument [Line Items]

Maturity date

Apr. 30, 2023

Line of credit facility. maximum borrowing capacity

$ 110,000,000

Mortgage Repurchase Facilities - Financial Services [Member] | Inspire [Member]

Debt Instrument [Line Items]

Principal amount

275,000,000

Mortgage repurchase facilities

174,100,000

Mortgage Repurchase Facilities - Financial Services [Member] | Maximum | Inspire [Member]

Debt Instrument [Line Items]

Principal amount

275,000,000

Mortgage Repurchase Facilities - Financial Services [Member] | Master Repurchase Agreement [Member] | Comerica Bank And Wells Fargo [Member]

Debt Instrument [Line Items]

Incurred interest expense

2,700,000

1,400,000

Mortgage Repurchase Facilities - Financial Services [Member] | Master Repurchase Agreement [Member] | Inspire [Member] | Comerica Bank And Wells Fargo [Member]

Debt Instrument [Line Items]

Mortgage repurchase facilities

174,100,000

$ 104,600,000

Mortgage Repurchase Facilities - Financial Services [Member] | Second Master Repurchase Agreement [Member] | Inspire [Member]

Debt Instrument [Line Items]

Principal amount

$ 100,000,000

Mortgage Repurchase Facilities - Financial Services [Member] | Third Master Repurchase Agreement [Member] | Inspire [Member]

Debt Instrument [Line Items]

Principal amount

$ 150,000,000

Initial Notes Due 2025 [Member]

Debt Instrument [Line Items]

Principal amount

$ 400,000,000

Net proceeds from issuance of senior debt

$ 395,500,000

Interest rate

5.875%

Discount rate

100.00%

Maturity year

2025

December 2017 Exchange Notes [Member]

Debt Instrument [Line Items]

Principal amount

$ 400,000,000

Maturity year

2025

Existing 5.875 Notes [Member]

Debt Instrument [Line Items]

Principal amount

396,100,000

Maturity date

2025-07

6.875% Senior Note Due 2022 [Member]

Debt Instrument [Line Items]

Principal amount

$ 385,000,000

Interest rate

6.875%

Maturity year

2022

Extinguishment Of 6.875% Senior Note Due 2022 [Member]

Debt Instrument [Line Items]

Extinguishment amount

$ 195,700,000

$ 189,300,000

385,000,000

Loss on debt extinguishment

$ 10,800,000

Debt (Schedule Of Outstanding D

Debt (Schedule Of Outstanding Debt Obligations) (Details) - USD ($) $ in Thousands		Dec. 31, 2019	Dec. 31, 2018
Debt [Abstract]
6.750% senior notes, due May 2027	[1]	$ 494,307
5.875% senior notes, due July 2025	[1]	396,120	$ 395,415
6.875% senior notes, due May 2022	[1]		380,567
Other financing obligations		6,277	8,795
Notes payable		896,704	784,777
Revolving line of credit, due April 2023		68,700	202,500
Mortgage repurchase facilities		174,095	104,555
Total debt (Carrying amount)		$ 1,139,499	$ 1,091,832
[1]	The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes.

Debt (Schedule Of Aggregate Ann

Debt (Schedule Of Aggregate Annual Maturities Of Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt [Abstract]
2020	$ 176,927
2021	3,445
2022
2023	68,700
2024
Thereafter	900,000
Total	1,149,072
Less: Discount and deferred financing costs, net on senior notes	(9,573)
Total debt (Carrying amount)	$ 1,139,499	$ 1,091,832

Interest (Schedule Of Capitaliz

Interest (Schedule Of Capitalized Interest Costs) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Interest [Abstract]
Interest capitalized beginning of period	$ 53,842	$ 41,762	$ 28,935
Interest capitalized during period	74,377	60,772	45,725
Less: capitalized interest in cost of sales	(61,150)	(48,692)	(32,898)
Interest capitalized end of period	$ 67,069	$ 53,842	$ 41,762

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Dec. 22, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Examination [Line Items]
Effective tax rate		21.00%	21.00%	35.00%
Blended federal and state statutary rate	24.00%
Tax valuation allowance		$ 0	$ 0	$ 0
Reserves for uncetain tax positions		0	0	0
Remeasurement of deferred tax assets			$ 1,548	$ 2,790
Income tax expense impacted by the benefit from Federal Energy Credits		17,300
Federal income tax credit for each home meets the statute		$ 2
Interest Expense [Member]
Income Tax Examination [Line Items]
Percentage of limitation of tax deduction	30.00%
Net Operating Loss [Member]
Income Tax Examination [Line Items]
Percentage of limitation of tax deduction	80.00%
Minimum | Federal [Member]
Income Tax Examination [Line Items]
Income tax year under examination		2015
Maximum | Federal [Member]
Income Tax Examination [Line Items]
Income tax year under examination		2019

Income Taxes (Schedule Of Incom

Income Taxes (Schedule Of Income Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Taxes [Abstract]
Federal	$ 9,113	$ 27,815	$ 29,241
State and local	7,354	8,415	3,954
Total current	16,467	36,230	33,195
Federal	2,528	(3,182)	920
State and local	646	(973)	(246)
Total deferred	3,174	(4,155)	674
Income tax expense	$ 19,641	$ 32,075	$ 33,869

Income Taxes (Schedule Of Compo

Income Taxes (Schedule Of Components Of Income Tax Expense By Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Taxes [Abstract]
Statutory income tax expense	$ 27,844	$ 26,991	$ 29,469
State income tax expense, net of federal income tax expense	5,483	4,847	3,596
Domestic production activities deduction			(2,513)
Executive compensation	4,123	2,760
Excess tax benefits upon vesting of share based payment awards	(252)	(1,276)
Remeasurement of deferred tax assets		1,548	2,790
Federal energy credits	(17,256)	(2,426)
Other permanent items	(301)	(369)	527
Income tax expense	$ 19,641	$ 32,075	$ 33,869

Income Taxes (Schedule Of Defer

Income Taxes (Schedule Of Deferred Tax Assets And Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Income Taxes [Abstract]
Warranty reserves	$ 2,356	$ 1,944
Amortizable intangible assets	2,183	1,127
Stock-based compensation	598	3,055
Accrued compensation and other	2,775	5,075
Inventories, additional costs capitalized for tax	8,206	7,281
Deferred tax asset	16,118	18,482
Prepaid expenses	264	1,133
Property and equipment	5,265	3,586
Deferred tax liability	5,529	4,719
Net deferred tax asset	$ 10,589	$ 13,763

Fair Value Disclosures (Schedul

Fair Value Disclosures (Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage loans held for sale		$ 185,246	$ 112,394
Inventory carrying value before impairment		12,700
Impairment charge		2,000
Senior Notes 6.750% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying amounts include unamortized deferred financing costs, premiums and discounts		$ 5,700
Interest rate		6.75%
Senior Notes 6.875% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying amounts include unamortized deferred financing costs, premiums and discounts			$ 4,900
Interest rate			6.875%
Senior Notes 5.875% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying amounts include unamortized deferred financing costs, premiums and discounts		$ 3,900	$ 4,600
Interest rate		5.875%	5.875%
Insurance Premium Note [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate			3.278%
Level 2 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured notes receivable	[1]	$ 2,602	$ 4,947
Mortgage loans held for sale	[2]	185,246	112,394
Derivative assets	[3]	1,382	726
5.875% senior notes	[4],[5]	396,120	395,415
6.750% senior notes	[4],[5]	494,307
6.875% senior notes	[4],[5]		380,567
Other financing obligations	[6],[7]	6,277	8,795
Mortgage repurchase facilities	[6]	174,095	104,555
Level 2 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured notes receivable	[1]	2,545	4,830
Mortgage loans held for sale	[2]	185,246	112,394
Derivative assets	[3]	1,382	726
5.875% senior notes	[4],[5]	415,680	356,000
6.750% senior notes	[4],[5]	537,500
6.875% senior notes	[4],[5]		372,488
Other financing obligations	[6],[7]	6,277	8,795
Mortgage repurchase facilities	[6]	174,095	104,555
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of communities		10,700
Level 3 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving line of credit	[6]	68,700	202,500
Level 3 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving line of credit	[6]	$ 68,700	$ 202,500
Minimum | Insurance Premium Note [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate		3.278%
Maximum | Insurance Premium Note [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate		3.24%
[1]	Estimated fair value of the secured notes receivable was based on cash flow models discounted at market interest rates which considered the underlying risks of the note.
[2]	The mortgage loans held for sale are carried at fair value, which is based on quoted market prices for committed mortgage loans.
[3]	Derivative instruments are carried at fair value and based on market prices for similar instruments. Changes in fair value are reflected in financial services revenue on the condensed consolidated statement of operations. As of December 31, 2019 and December 31, 2018, we had immaterial amounts of derivative liabilities which are presented within accrued expenses and other liabilities on the condensed consolidated balance sheets. Refer to Note 1 – Nature of Operations and Summary of Significant Accounting Policies for further information regarding our derivative instruments.
[4]	Carrying amounts include any associated unamortized deferred financing costs, premiums and discounts. As of December 31, 2019, these amounts totaled $ 5.7 million and $ 3.9 million for the 6.750 % senior notes and 5.875 % senior notes, respectively. As of December 31, 2018, these amounts totaled $ 4.9 million and $ 4.6 million for the 6.875 % senior notes and 5.875 % senior notes, respectively.
[5]	Estimated fair value of the senior notes is based on recent trading activity in inactive markets.
[6]	Carrying amount approximates fair value due to short-term nature and interest rate terms.
[7]	Insurance premium notes included in other financing obligations bore interest rates ranging from 3.278 % to 3.240 % during the year ended December 31, 2019 and during the year ended December 31, 2018 bore an interest rate of 3.278 %.

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Lessee, Lease, Description [Line Items]
Right of use asset	$ 18,854
Lease liability	19,306
Operating lease expense	$ 5,900	$ 4,100	$ 2,600
Minimum
Lessee, Lease, Description [Line Items]
Lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease term	7 years

Leases (Information Of Lease Ri

Leases (Information Of Lease Right Of Use Asset And Lease Liability) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Leases [Abstract]
Cash paid for operating lease liabilities	$ 5,361
Right-of-use assets obtained in exchange for new operating lease obligations	$ 5,225
Weighted-average remaining lease term	4 years 1 month 17 days
Weighted-average discount rate	6.22%

Leases (Maturities Of Lease Lia

Leases (Maturities Of Lease Liabilities) (Details) $ in Thousands	Dec. 31, 2019USD ($)
Leases [Abstract]
2020	$ 5,353
2021	5,406
2022	4,451
2023	3,837
2024	2,542
Thereafter	282
Total	21,871
Less: discount	(2,565)
Total lease liabilities	$ 19,306

Post-Retirement Plan (Narrative

Post-Retirement Plan (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Post-Retirement Plan [Abstract]
Matching contribution, percentage	50.00%
Employer contribution, percet of employee's gross pay	6.00%
Contribution, amount	$ 1.9	$ 1.9	$ 1

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 15.3	$ 13.7	$ 9.5
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	0.6	0.6
Grant date fair value	$ 22.01	$ 28.10
Awards vesting period	3 years
Performance Share Units [Member] | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target range	0.00%
Performance Share Units [Member] | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target range	250.00%
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted	0.6	0.3	0.5
Grant date fair value	$ 23.85	$ 30.43	$ 24.14
Restricted Stock Units [Member] | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period	1 year
Restricted Stock Units [Member] | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period	3 years

Stock-Based Compensation (Summa

Stock-Based Compensation (Summarizes Of Restricted Stock Award Activity) (Details) - RSUs, PSUs And RSAs [Member] - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Outstanding, beginning of year (shares)	846	834	852
Granted (shares)	882	592	460
Vested (shares)	(430)	(491)	(452)
Forfeited (shares)	(79)	(89)	(26)
Outstanding, end of year (shares)	1,219	846	834
Outstanding, beginning of year (Weighted average per share grant date fair value)	$ 25.14	$ 18.16	$ 15.81
Granted (Weighted average per share grant date fair value)	23.49	29.86	21.64
Vested (Weighted average per share grant date fair value)	23.53	18.02	17.19
Forfeited (Weighted average per share grant date fair value)	24.99	22.44	19.63
Outstanding, end of year (Weighted average per share grant date fair value)	$ 24.64	$ 25.14	$ 18.16

Stock-Based Compensation (Sum_2

Stock-Based Compensation (Summary Of Outstanding RSUs, PSUs And RSAs) (Details) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period to recognize compensation cost	1 year 7 months 6 days
Restricted Stock Units And Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested units | shares	1,219
Unrecognized compensation cost | $	$ 12,568

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Nov. 27, 2019	Jul. 03, 2018	Aug. 09, 2017	Nov. 07, 2016	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	May 08, 2019	Nov. 30, 2018	May 10, 2017
Class of Stock [Line Items]
Common stock shares authorized					100,000,000	100,000,000	100,000,000
Common stock, par value					$ 0.01	$ 0.01	$ 0.01
Preferred stock shares authorized					50,000,000	50,000,000	50,000,000
Preferred stock, par value					$ 0.01	$ 0.01	$ 0.01
Common stock shares issued					30,154,791	33,067,375	30,154,791
Common stock shares outstanding					30,154,791	33,067,375	30,154,791
Preferred stock shares outstanding					0	0	0
Common stock shares for stock award, available for issuance						2,100,000
Common stock shares issued related to vesting of RSUs						300,000	300,000
Common stock shares for stock award issuance					100,000		100,000
Net proceeds from issuances of common stock						$ 79,052	$ 30,947	$ 98,063
Number of shares authorized to be repurchased										4,500,000
Common stock shares repurchased, shares					604,061	83,000
Common stock shares repurchased, value					$ 11,000	$ 1,439	$ 10,952
First Amended And Restated 2013 Long-Term Incentive Plan [Member]
Class of Stock [Line Items]
Common stock shares for stock award issuance											1,800,000
2017 Incentive Plan [Member]
Class of Stock [Line Items]
Common stock shares for stock award, available for issuance									1,631,000
Common stock shares rolled into plan											600,000
First Distribution Agreement [Member]
Class of Stock [Line Items]
Aggregate offering price				$ 50,000
Common stock shares sold and issued						2,700,000	1,100,000
Net proceeds from issuances of common stock						$ 80,100	$ 31,700
Comissions and fees paid to Sales Agents						$ 600	$ 700
Second Distribution Agreement [Member]
Class of Stock [Line Items]
Aggregate offering price			$ 100,000
Third Distribution Agreement [Member]
Class of Stock [Line Items]
Aggregate offering price		$ 100,000
Fourth Distribution Agreement [Member]
Class of Stock [Line Items]
Common stock, par value	$ 0.01
Aggregate offering price	$ 100,000

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
Anti-dilutive shares related to PSU's granted	0.6	0.3	0

Earnings Per Share (Schedule Of

Earnings Per Share (Schedule Of Earnings Per Share, Basic And Diluted) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Numerator
Net income	$ 53,358	$ 27,024	$ 15,495	$ 17,117	$ 26,195	$ 17,048	$ 33,193	$ 20,019	$ 112,994	$ 96,455	$ 50,295
Less: Undistributed earnings allocated to participating securities										(59)	(384)
Net income allocable to common stockholders									$ 112,994	$ 96,396	$ 49,911
Denominator
Weighted average common shares outstanding - basic									30,886,382	30,084,913	24,280,871
Dilutive effect of restricted stock units									300,570	306,433	274,638
Weighted average common shares outstanding - diluted									31,186,952	30,391,346	24,555,509
Earnings per share:
Basic	$ 1.65	$ 0.88	$ 0.51	$ 0.57	$ 0.85	$ 0.56	$ 1.11	$ 0.68	$ 3.66	$ 3.20	$ 2.06
Diluted	$ 1.63	$ 0.87	$ 0.51	$ 0.56	$ 0.85	$ 0.56	$ 1.10	$ 0.67	$ 3.62	$ 3.17	$ 2.03

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Commitments and Contingencies [Abstract]
Outstanding letters of credit and performance bonds	$ 344.1	$ 289.8

Results of Quarterly Operatio_3

Results of Quarterly Operations (Schedule Of Quarterly Financial Information) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues									$ 2,535,911	$ 2,147,413	$ 1,423,799
Income before tax expense	$ 53,968	$ 34,840	$ 20,830	$ 22,997	$ 36,062	$ 22,859	$ 46,502	$ 23,107	132,635	128,530	84,164
Net income	$ 53,358	$ 27,024	$ 15,495	$ 17,117	$ 26,195	$ 17,048	$ 33,193	$ 20,019	$ 112,994	$ 96,455	$ 50,295
Basic earnings per share	$ 1.65	$ 0.88	$ 0.51	$ 0.57	$ 0.85	$ 0.56	$ 1.11	$ 0.68	$ 3.66	$ 3.20	$ 2.06
Diluted earnings per share	$ 1.63	$ 0.87	$ 0.51	$ 0.56	$ 0.85	$ 0.56	$ 1.10	$ 0.67	$ 3.62	$ 3.17	$ 2.03
Home Sales [Member]
Revenues	$ 775,667	$ 573,860	$ 608,636	$ 523,302	$ 640,187	$ 552,876	$ 522,164	$ 394,831	$ 2,481,465	$ 2,110,058	$ 1,405,443
Gross margin from home sales revenues	$ 142,945	$ 104,026	$ 104,708	$ 89,545	$ 105,492	$ 92,732	$ 94,967	$ 75,248

Supplemental Guarantor Inform_3

Supplemental Guarantor Information (Narrative) (Details)	12 Months Ended
	Dec. 31, 2019
Senior Notes Due 2025 [Member]
Debt Instrument [Line Items]
Interest rate	5.875%
Maturity year	2025
Senior Notes Due 2027 [Member]
Debt Instrument [Line Items]
Interest rate	6.75%
Maturity year	2027
Senior Notes Due 2022 [Member]
Debt Instrument [Line Items]
Interest rate	6.875%
Maturity year	2022

Supplemental Guarantor Inform_4

Supplemental Guarantor Information (Supplemental Condensed Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 55,436	$ 32,902	$ 88,832
Cash held in escrow	35,308	24,344
Accounts receivable	27,438	13,464
Inventories	1,995,549	1,848,243
Mortgage loans held for sale	185,246	112,394
Prepaid expenses and other assets	123,800	140,397
Deferred tax assets, net	10,589	13,763
Property and equipment, net	35,998	33,258
Amortizable intangible assets, net	208	5,095
Goodwill	30,395	30,395
Total assets	2,499,967	2,254,255
Liabilities:
Accounts payable	84,794	89,907
Accrued expenses and other liabilities	213,975	213,157
Notes payable	896,704	784,777
Revolving line of credit	68,700	202,500
Mortgage repurchase facilities	174,095	104,555
Total liabilities	1,438,268	1,394,896
Stockholders' equity:	1,061,699	859,359	735,233	$ 473,636
Total liabilities and stockholders' equity	2,499,967	2,254,255
Parent
Assets
Cash and cash equivalents	1,577	2,183	56,234
Accounts receivable	15,363	6,117
Investment in consolidated subsidiaries	1,996,703	1,827,456
Prepaid expenses and other assets	9,539	51,177
Deferred tax assets, net	10,589	13,763
Property and equipment, net	15,256	13,274
Total assets	2,049,027	1,913,970
Liabilities:
Accounts payable	(13)	623
Accrued expenses and other liabilities	28,214	75,506
Notes payable	890,427	775,982
Revolving line of credit	68,700	202,500
Total liabilities	987,328	1,054,611
Stockholders' equity:	1,061,699	859,359
Total liabilities and stockholders' equity	2,049,027	1,913,970
Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents		2,101	23,399
Cash held in escrow	35,308	24,344
Accounts receivable	12,327	7,424
Inventories	1,995,549	1,848,243
Prepaid expenses and other assets	101,113	85,224
Property and equipment, net	19,614	18,989
Amortizable intangible assets, net	208	5,095
Goodwill	30,395	30,395
Total assets	2,194,514	2,021,815
Liabilities:
Accounts payable	83,853	88,627
Accrued expenses and other liabilities	173,403	131,548
Notes payable	6,277	8,795
Total liabilities	263,533	228,970
Stockholders' equity:	1,930,981	1,792,845
Total liabilities and stockholders' equity	2,194,514	2,021,815
Non Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	53,859	28,618	$ 9,199
Accounts receivable	(252)	(77)
Mortgage loans held for sale	185,246	112,394
Prepaid expenses and other assets	13,148	3,996
Property and equipment, net	1,128	995
Total assets	253,129	145,926
Liabilities:
Accounts payable	954	657
Accrued expenses and other liabilities	12,358	6,103
Mortgage repurchase facilities	174,095	104,555
Total liabilities	187,407	111,315
Stockholders' equity:	65,722	34,611
Total liabilities and stockholders' equity	253,129	145,926
Elimination Entries [Member]
Assets
Investment in consolidated subsidiaries	(1,996,703)	(1,827,456)
Total assets	(1,996,703)	(1,827,456)
Liabilities:
Stockholders' equity:	(1,996,703)	(1,827,456)
Total liabilities and stockholders' equity	$ (1,996,703)	$ (1,827,456)

Supplemental Guarantor Inform_5

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement Of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended								5 Months Ended	12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Jun. 14, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues
Total revenues										$ 2,535,911	$ 2,147,413	$ 1,423,799
Selling, general and administrative										(301,525)	(263,981)	(176,304)
Loss on debt extinguishment										(10,832)
Inventory impairment and other										(4,783)
Acquisition expense											(437)	(9,905)
Equity in income of unconsolidated subsidiaries									$ 14,800		14,849	12,176
Other income (expense)										(5,190)	(905)	2,937
Income before tax expense	$ 53,968	$ 34,840	$ 20,830	$ 22,997	$ 36,062	$ 22,859	$ 46,502	$ 23,107		132,635	128,530	84,164
Income tax expense										(19,641)	(32,075)	(33,869)
Net income	53,358	27,024	15,495	17,117	26,195	17,048	33,193	20,019		112,994	96,455	50,295
Parent
Revenues
Selling, general and administrative										(74,145)	(70,578)	(49,072)
Loss on debt extinguishment										(10,832)
Acquisition expense											(437)	(9,905)
Equity in earnings from consolidated subsidiaries										167,503	138,746	84,425
Equity in income of unconsolidated subsidiaries											14,849	12,176
Other income (expense)										(5,725)	(299)	1,080
Income before tax expense										76,801	82,281	38,704
Income tax expense										36,193	14,174	11,591
Net income										112,994	96,455	50,295
Guarantor Subsidiaries [Member]
Revenues
Total revenues										2,492,649	2,115,689	1,413,946
Selling, general and administrative										(227,380)	(193,403)	(127,232)
Inventory impairment and other										(4,783)
Other income (expense)										372	(606)	1,820
Income before tax expense										212,487	176,229	128,659
Income tax expense										(53,122)	(44,057)	(45,031)
Net income										159,365	132,172	83,628
Non Guarantor Subsidiaries [Member]
Revenues
Total revenues										43,262	31,724	9,853
Other income (expense)										163		37
Income before tax expense										10,850	8,766	1,226
Income tax expense										(2,712)	(2,192)	(429)
Net income										8,138	6,574	797
Elimination Entries [Member]
Revenues
Equity in earnings from consolidated subsidiaries										(167,503)	(138,746)	(84,425)
Income before tax expense										(167,503)	(138,746)	(84,425)
Net income										(167,503)	(138,746)	(84,425)
Home Sales [Member]
Revenues
Total revenues	$ 775,667	$ 573,860	$ 608,636	$ 523,302	$ 640,187	$ 552,876	$ 522,164	$ 394,831		2,481,465	2,110,058	1,405,443
Cost of revenues										(2,040,241)	(1,741,619)	(1,153,359)
Home Sales [Member] | Guarantor Subsidiaries [Member]
Revenues
Total revenues										2,481,465	2,110,058	1,405,443
Cost of revenues										(2,040,241)	(1,741,619)	(1,153,359)
Land Sales And Other [Member]
Revenues
Total revenues										11,184	5,631	8,503
Cost of revenues										(8,130)	(3,832)	(6,516)
Land Sales And Other [Member] | Guarantor Subsidiaries [Member]
Revenues
Total revenues										11,184	5,631	8,503
Cost of revenues										(8,130)	(3,832)	(6,516)
Homebuilding [Member]
Revenues
Total revenues										2,492,649	2,115,689	1,413,946
Cost of revenues										(2,048,371)	(1,745,451)	(1,159,875)
Homebuilding [Member] | Guarantor Subsidiaries [Member]
Revenues
Total revenues										2,492,649	2,115,689	1,413,946
Cost of revenues										(2,048,371)	(1,745,451)	(1,159,875)
Financial Services [Member]
Revenues
Total revenues										43,262	31,724	9,853
Cost of revenues										(32,575)	(22,958)	(8,664)
Financial Services [Member] | Non Guarantor Subsidiaries [Member]
Revenues
Total revenues										43,262	31,724	9,853
Cost of revenues										$ (32,575)	$ (22,958)	$ (8,664)

Supplemental Guarantor Inform_6

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement Of Cash Flows) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	$ (68,807)	$ (195,578)	$ (111,272)
Net cash used in investing activities	(14,283)	(43,536)	(134,446)
Financing activities
Borrowings under revolving credit facilities	1,548,500	721,000	175,000
Payments on revolving credit facilities	(1,682,300)	(518,500)	(370,000)
Proceeds from issuance senior notes	500,000		527,500
Extinguishment of senior notes due 2022	(391,942)
Principal payments on notes payable	(20,237)	(5,371)	(6,998)
Proceeds from insurance notes payable	13,719	11,839	2,320
Extinguishments of debt assumed in business combination		(94,231)	(151,919)
Debt issuance costs	(6,140)	(3,642)	(8,579)
Net proceeds from mortgage repurchase facilities	69,540	56,236	48,320
Net proceeds from issuances of common stock	79,052	30,947	98,063
Repurchases of common stock upon vesting of stock-based compensation	(3,583)	(5,484)	(5,231)
Repurchases of common stock under our stock repurchase program	(1,439)	(10,952)
Net cash provided by (used in) financing activities	105,170	181,842	308,476
Net increase (decrease)	22,080	(57,272)	62,758
Cash and cash equivalents and Restricted cash, Beginning of period	36,441	93,713	30,955
Cash and cash equivalents and Restricted cash, End of period	58,521	36,441	93,713
Cash and cash equivalents	55,436	32,902	88,832
Restricted Cash	3,085	3,539	4,881
Elimination Entries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash used in investing activities	(17,153)	226,310	440,949
Financing activities
Payments from (and advances to) parent/subsidiary	17,153	(226,310)	(440,949)
Net cash provided by (used in) financing activities	17,153	(226,310)	(440,949)
Parent
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	(54,572)	(74,074)	(27,787)
Net cash used in investing activities	11,818	(98,523)	(456,299)
Financing activities
Borrowings under revolving credit facilities	1,548,500	721,000	175,000
Payments on revolving credit facilities	(1,682,300)	(518,500)	(370,000)
Proceeds from issuance senior notes	500,000		527,500
Extinguishment of senior notes due 2022	(391,942)
Principal payments on notes payable		(9)
Extinguishments of debt assumed in business combination		(94,231)
Debt issuance costs	(6,140)	(3,642)	(8,579)
Net proceeds from issuances of common stock	79,052	30,947	98,063
Repurchases of common stock upon vesting of stock-based compensation	(3,583)	(5,484)	(5,231)
Repurchases of common stock under our stock repurchase program	(1,439)	(10,952)
Payments from (and advances to) parent/subsidiary		(583)	108,930
Net cash provided by (used in) financing activities	42,148	118,546	525,683
Net increase (decrease)	(606)	(54,051)	41,597
Cash and cash equivalents and Restricted cash, Beginning of period	2,183	56,234	14,637
Cash and cash equivalents and Restricted cash, End of period	1,577	2,183	56,234
Cash and cash equivalents	1,577	2,183	56,234
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	51,793	(71,532)	(33,169)
Net cash used in investing activities	(8,815)	(170,862)	(118,583)
Financing activities
Principal payments on notes payable	(20,237)	(5,362)	(6,998)
Proceeds from insurance notes payable	13,719	11,839	2,320
Extinguishments of debt assumed in business combination			(151,919)
Payments from (and advances to) parent/subsidiary	(40,126)	211,879	326,242
Net cash provided by (used in) financing activities	(46,644)	218,356	169,645
Net increase (decrease)	(3,666)	(24,038)	17,893
Cash and cash equivalents and Restricted cash, Beginning of period	4,006	28,044	10,151
Cash and cash equivalents and Restricted cash, End of period	340	4,006	28,044
Cash and cash equivalents		2,101	23,399
Restricted Cash	340	1,905	4,645
Non Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	(66,028)	(49,972)	(50,316)
Net cash used in investing activities	(133)	(461)	(513)
Financing activities
Net proceeds from mortgage repurchase facilities	69,540	56,236	48,320
Payments from (and advances to) parent/subsidiary	22,973	15,014	5,777
Net cash provided by (used in) financing activities	92,513	71,250	54,097
Net increase (decrease)	26,352	20,817	3,268
Cash and cash equivalents and Restricted cash, Beginning of period	30,252	9,435	6,167
Cash and cash equivalents and Restricted cash, End of period	56,604	30,252	9,435
Cash and cash equivalents	53,859	28,618	9,199
Restricted Cash	$ 2,745	$ 1,634	$ 236