Century Communities (CCS) 10-K 19 Feb 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Feb. 12, 2016	Jun. 30, 2015
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Entity Registrant Name	Century Communities, Inc.
Entity Central Index Key	1,576,940
Entity Filer Category	Accelerated Filer
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Trading Symbol	ccs
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 318.8
Entity Common Stock, Shares Outstanding		21,285,073

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 29,287	$ 33,462
Accounts receivable	17,058	13,799
Inventories	810,137	556,323
Prepaid expenses and other assets	26,735	23,433
Property and equipment, net	8,375	12,471
Deferred tax asset, net		1,359
Amortizable intangible assets, net	4,784	8,632
Goodwill	21,365	21,137
Total Assets	917,741	670,616
Liabilities:
Accounts payable	10,967	17,135
Accrued expenses and other liabilities	106,777	64,029
Deferred tax liability, net	275
Notes payable and revolving line of credit	390,243	224,247
Total liabilities	$ 508,262	$ 305,411
Stockholders' equity:
Preferred Stock, $0.01 par value, 50,000,000 shares authorized, none outstanding
Common stock, $0.01 par value, 100,000,000 shares authorized, 21,303,702 and 20,875,547 shares issued and outstanding at December 31, 2015 and 2014, respectively	$ 213	$ 209
Additional paid-in capital	340,953	336,573
Retained earnings	68,313	28,423
Total stockholders' equity	409,479	365,205
Total liabilities and stockholders' equity	$ 917,741	$ 670,616

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
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	21,303,702	20,875,547
Common stock shares outstanding	21,303,702	20,875,547

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended								4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Apr. 30, 2013	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues
Home sales revenues	$ 204,519	$ 179,775	$ 186,808	$ 154,335	$ 134,089	$ 90,735	$ 77,328	$ 49,671			$ 725,437	$ 351,823	$ 171,133
Land sales revenues											3,405	4,800
Golf course and other revenue											5,647	5,769
Total revenue											734,489	362,392	171,133
Costs and expenses
Cost of home sales revenues											579,203	276,386	129,651
Cost of land sales revenues											3,395	1,808
Cost of golf course and other revenue											5,037	6,301
Selling, general, and administrative											87,840	46,795	23,622
Total operating costs and expenses											675,475	331,290	153,273
Operating income											59,014	31,102	17,860
Other income (expense):
Interest income											129	362	228
Interest expense											(10)	(26)
Acquisition expense											(491)	(1,414)	(533)
Other income											1,535	736	507
Gain on disposition of assets											128	199	11
Income before income tax expense	20,405	15,945	14,431	9,524	11,017	6,697	8,049	5,196			60,305	30,959	18,073
Income tax expense											20,415	10,937	5,642
Consolidated net income of Century Communities, Inc.	$ 13,158	$ 10,583	$ 9,798	$ 6,351	$ 7,189	$ 4,127	$ 5,338	$ 3,368	$ 4,030	$ 8,401	39,890	20,022	12,431
Net income attributable to the non-controlling interests													52
Net income attributable to common stockholders											$ 39,890	$ 20,022	$ 12,379
Earnings per share:
Basic and diluted	$ 0.62	$ 0.50	$ 0.46	$ 0.30	$ 0.34	$ 0.19	$ 0.30	$ 0.20			$ 1.88	$ 1.03	$ 0.95
Weighted average common shares outstanding:
Basic and diluted											20,569,012	19,226,504	12,873,562

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY AND MEMBERS' CAPITAL - USD ($) shares in Thousands, $ in Thousands	Members' Capital [Member]	Common Stock [Member]	Paid-In Capital [Member]	Retained Earnings [Member]	Noncontrolling Interests [Member]	Total
Beginning Balance at Dec. 31, 2012	$ 22,060				$ 2,501	$ 24,561
Non-cash contributions	3,708					3,708
Non-cash distributions					(1,603)	(1,603)
Contributions	1,500					1,500
Distributions to non-controlling interests					(950)	(950)
Distributions to members	(3,830)					(3,830)
Conversion of subordinated obligation to equity	11,244					11,244
Net income	3,978				52	4,030
Ending Balance at Apr. 30, 2013	38,660					38,660
Beginning Balance at Dec. 31, 2012	22,060				$ 2,501	24,561
Net income						12,431
Ending balance (in shares) at Dec. 31, 2013		17,258
Ending Balance at Dec. 31, 2013		$ 173	$ 262,982	$ 8,401		271,556
Beginning Balance at Apr. 30, 2013	38,660					38,660
Conversion of LLC to C corporation	$ (38,660)	$ 50	38,610
Conversion of LLC to C corporation, shares		5,000
Issuance of common stock		$ 121	223,639			223,760
Issuance of common stock, shares		12,075
Issuance of restricted stock awards, shares		183
Stock-based compensation expense		$ 2	733			735
Net income				8,401		8,401
Ending balance (in shares) at Dec. 31, 2013		17,258
Ending Balance at Dec. 31, 2013		$ 173	262,982	8,401		271,556
Issuance of common stock		$ 40	81,524			81,564
Issuance of common stock, shares		4,000
Repurchase of common stock		$ (6)	(9,740)			(9,746)
Repurchase of common stock, shares		(608)
Repurchase of common stock upon vesting of restricted stock awards			(386)			(386)
Repurchase of common stock upon vesting of restricted stock awards, shares		(17)
Issuance of restricted stock awards, shares		250
Stock-based compensation expense		$ 2	2,150			2,152
Excess tax benefit of stock-based compensation			43			43
Forfeitures of restricted stock awards, shares		(7)
Net income				20,022		20,022
Ending balance (in shares) at Dec. 31, 2014		20,876
Ending Balance at Dec. 31, 2014		$ 209	336,573	28,423		365,205
Repurchase of common stock upon vesting of restricted stock awards			(861)			(861)
Repurchase of common stock upon vesting of restricted stock awards, shares		(44)
Issuance of restricted stock awards, shares		501
Stock-based compensation expense		$ 4	5,241			5,245
Forfeitures of restricted stock awards, shares		(29)
Net income				39,890		39,890
Ending balance (in shares) at Dec. 31, 2015		21,304
Ending Balance at Dec. 31, 2015		$ 213	$ 340,953	$ 68,313		$ 409,479

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating activities
Net income	$ 39,890	$ 20,022	$ 12,431
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	4,713	2,941	937
Stock-based compensation expense	5,245	2,152	735
Deferred income tax	1,634	(2,054)	912
Excess tax benefit on stock-based compensation		(43)
Gain on disposition of assets	(128)	(199)	(11)
Changes in assets and liabilities:
Cash held in trust			2,917
Accounts receivable	(3,259)	(8,771)	(3,400)
Inventories	(208,524)	(160,886)	(92,250)
Prepaid expenses and other assets	4,811	(11,140)	(4,847)
Accounts payable	(6,102)	3,444	(2,749)
Accrued expenses and other liabilities	(1,014)	24,863	17,827
Net cash used in operating activities	(162,734)	(129,671)	(67,498)
Investing activities
Purchases of property and equipment	(5,750)	(1,127)	(550)
Proceeds on sale of assets	1,442
Proceeds from secured note receivable	76
Acquisitions of businesses		(232,585)	(15,708)
Net cash used in investing activities	(4,232)	(233,712)	(16,258)
Financing activities
Borrowings under revolving credit facilities	180,000	119,000	26,671
Payments on revolving credit facilities	(65,000)	(99,000)	(47,044)
Proceeds from issuance of senior notes	58,956	198,478
Proceeds from issuances of notes payable	1,169	6,760	5,763
Principal payments on notes payable	(8,656)	(3,083)	(17,096)
Debt issuance costs	(2,817)	(6,783)
Net proceeds from issuances of common stock		81,564	223,760
Repurchases of common stock upon vesting of restricted stock awards	(861)	(386)
Repurchases of common stock		(9,746)
Excess tax benefit on stock-based compensation		43
Contributions from members			1,500
Distributions to members			(3,830)
Distributions to noncontrolling interest			(950)
Net cash provided by financing activities	162,791	286,847	188,774
Net increase (decrease) in cash and cash equivalents	(4,175)	(76,536)	105,018
Cash and cash equivalents, Beginning of period	33,462	109,998	4,980
Cash and cash equivalents, End of period	29,287	33,462	109,998
Non-cash investing and financing information
Secured note receivable from sale of Tuscany golf course	3,000
Seller financed acquisitions of land		4,239
Capital lease obligations	106	92
Inventory contributed by members			3,708
Inventory distributed to non controlling interests			1,603
Conversion of subordinated debt obligation to equity			$ 11,244
Supplemental cash flow disclosure
Cash paid for income taxes	18,657	18,458
Cash paid for interest, net of amounts capitalized	$ 10	$ 26

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
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” or “the Company”) is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in metropolitan areas in Colorado, Austin and San Antonio, Texas (which we refer to as “Central Texas”), Houston, Texas, Las Vegas, Nevada and Atlanta, Georgia. Our homebuilding operations are organized into the following five operating segments based on the geographic markets in which we operate: Atlanta, Central Texas, Colorado, Houston and Nevada. In many of our projects, in addition to building homes, we are responsible for the entitlement and development of the underlying land. We were formed as a Colorado limited liability company in August 2002, and we converted into a Delaware corporation pursuant to the General Corporation Law of the State of Delaware on April 30, 2013. In connection with the conversion, all of the outstanding membership interests were converted into an aggregate of 5.0 million shares of common stock, which represented 100 % of the outstanding shares of the Company’s common stock immediately following the conversion. Also in connection with the conversion, the Company’s name was changed from Century Communities Colorado, LLC to Century Communities, Inc., and a total of 100.0 million shares of the Company’s common stock and 50.0 million shares of preferred stock were authorized for issuance. 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 each variable interest entity ( which we refer to as “VIE”) for which the Company is 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. Accounts Receivable Accounts receivable primarily consist of amounts to be received by the Company from the title company for homes closed, which are typically received within a few business days of home close, and contract receivables related to certain contracts in our Central Texas and Houston operating segments accounted for under the percentage-of-completion method. We periodically review the collectability of our accounts receivables, 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, 2015 and 2014, 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 sales 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 as 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, the community is deemed impaired and is written down to fair value. We generally estimate the fair value of the community through a discounted cash flow approach. 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 years ended December 31, 2015, 2014 and 2013, no inventory impairments were recorded. Home Sales and Profit Recognition Revenues from home sales are recorded and a profit is recognized when the respective units are closed, title has passed, the homeowner’s initial and continuing investment is adequate, and other attributes of ownership have been transferred to the homeowner. Sales incentives are recorded as a reduction of revenues when the respective unit is closed. When it is determined that the earnings process is not complete, the sale and the related profit are deferred for recognition in future periods. We also serve as the general contractor for custom homes in our Central Texas and Houston operating segments, where the customer and not the Company owns the underlying land ( which we refer to as “Build on Your Own Lot Contracts”). Accordingly, we recognize revenue for the Build on Your Own Lot Contracts, which are primarily cost plus contracts, on the percentage-of-completion method where progress toward completion is measured by relating the actual cost of work performed to date to the current estimated total cost of the respective contracts. As the Company makes such estimates, judgments are required to evaluate potential variances in the cost of materials and labor and productivity. During the years ended December 31, 2015, 2014 and 2013, we recognized revenue of $ 6.1 million, $22.0 million and $11.0 million, respectively, and incurred costs of $ 4.8 million, $ 17.4 million and $8.8 million, respectively, associated with Build on Your Own Lot Contracts, which are presented in home sales revenues and cost of home sales revenues on the consolidated statement of operations, respectively. As of December 31, 2015 and 2014, we had $ 0.8 million and $ 2.0 million in contract receivables, respectively, and $0.3 million and $ 68 thousand in billings in excess of collections, respectively, related to the Build on Your Own Lot Contracts, which are presented on the consolidated balance sheet in accounts receivable and accrued expenses and other liabilities, respectively. 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 sold. 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. 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 – 15 years Furniture and fixtures 2 – 7 years Model furnishings 2 – 5 years Computer hardware and software 1 – 5 years Amortizable Intangible Assets Amortizable intangible assets consist of the estimated fair value of trade names, home construction contracts, non-compete agreements, and home plans that were acquired upon closing of the acquisition of Jimmy Jacobs, LVLH, Grand View, and Peachtree. The acquisitions were accounted for as business combinations as defined in Accounting Standards Codification ( which we refer to as “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 life. Trade names, non-compete agreements, and other intangibles assets are amortized to selling, general and administrative expenses in the consolidated statement of operations. Intangible assets for cell phone tower leases, and home construction contracts are amortized to other income and cost of home sales, respectively, as income on the related contracts are earned. The estimated lives for each major amortizable classification of intangible assets are as follows: Years Trade names 2 – 4 years Home construction contracts 1 – 2 years Non-compete agreements 2 – 5 years Cell phone tower leases 5 – 20 years Home plans 7 years Earnest Money Deposits We collect earnest deposits at the time a home buyer’s contract is accepted. Earnest money deposits held on homes under contract as of December 31, 2015 and 2014, totaled $6.7 million and $6.7 million, respectively, and are included in accrued expenses and other liabilities on the consolidated balance sheet. Stock-Based Compensation We account for share-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. Prior to our initial public offering in June 2014, our common stock was not actively traded in a liquid primary market, and accordingly, the determination of the fair value of our restricted stock awards required significant judgment by management. As such, we first consider transactions in our common stock by qualified institutional buyers subsequent to our private placement in the secondary market. We also considered various factors to determine whether the closing price of our common stock in the secondary market was an accurate representation of the fair value of the restricted stock awards. These considerations included, but were not limited to, the timing of transactions in the secondary market and the elapsed time from the relevant grant date (if any), the volume of transactions in the market, and the level of information available to the investors. To the extent we believed that the closing price of our common stock in the secondary market was not an accurate representation of the fair value of the restricted stock award, we also considered observable trends in the stock prices of our publicly traded peers since our private placement, as well as internal valuations based on recent forecasts in determining the grant date fair value of the award. Subsequent to our initial public offering, we value our restricted stock awards equal to the closing price of our common stock on the New York Stock Exchange on the date of grant. 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, 2015 and 2014, 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 statement of operations. As of December 31, 2015 and 2014, 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 three 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, we will proceed to the third step where the fair value of the reporting unit will be allocated to assets and liabilities as they would in a business combination. Impairment occurs when the carrying amount of goodwill exceeds its estimated fair value calculated in the third step. As of December 31, 2015 and 2014, we determined our goodwill was no t impaired. Business Combinations We account for business combinations in accordance with ASC 850, 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 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 primarily beneficiary of any VIE as of December 31, 2015 and 2014. Recently Issued Accounting Standards In January 2015, the Financial Accounting Standards Board ( which we refer to as “FASB”) issued ASU No. 2015-01, “Income Statement — Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.” ASU 2015-01 eliminates the concept of extraordinary items from GAAP, but the presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be retained and will be expanded to include items that are both unusual in nature and infrequently occurring. ASU 2015-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. A reporting entity may apply ASU 2015-01 prospectively. A reporting entity may also apply ASU 2015-01 retrospectively to all periods presented in the financial statements. Our adoption of ASU 2015-01 is not expected to have a material effect on our consolidated financial statements and related disclosures. In February 2015, the FASB issued ASU No. 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis.” ASU 2015-02 updates the analysis that a reporting entity must perform to determine whether to consolidate certain types of legal entities. ASU 2015-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. Our adoption of ASU 2015-02 is not expected to have a material effect on our consolidated financial statements and related disclosures. In April 2015, the FASB issued ASU No. 2015-03, “Interest — Imputation of Interest (Subtopic 835-30).” ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015, and interim periods within fiscal years beginning after December 15, 2016. Early adoption is permitted for financial statements that have not been previously issued and the guidance should be applied retrospectively to each period presented. The adoption of ASU 2015-03 requires us to adjust our current presentation of debt issuance costs related to our senior notes on our consolidated balance sheets from prepaid expenses and other assets to a reduction of the related liability. We adopted ASU 2015-03 early and the results of adoption are shown below. In August 2015, the FASB issued ASU No. 2015-14, “Revenue from Contracts with Customers (Topic 606).” ASU 2015-14 defers the effective date of ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” for public entities by one year to annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. Early adoption is permitted as of annual reporting periods beginning after December 15, 2016. We are currently evaluating the impact ASU 2015-14 and ASU 2014-09 will have on our consolidated financial statements. We do not intend to adopt ASU 2015-14 early. In August 2015, the FASB issued ASU No. 2015-15, “Interest — Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements — Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting.” ASU 2015-15 clarifies the treatment of debt issuance costs from line-of-credit arrangements after the adoption of ASU 2015-03. Specifically, ASU 2015-15 clarifies that the SEC staff would not object to an entity deferring and presenting debt issuance costs related to a line-of-credit arrangement as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of such arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. We have adopted ASU 2015-15 and there was no material effect on our consolidated financial statements as a result of such adoption . In September 2015, the FASB issued ASU No. 2015-16, “Business Combinations (Topic 805).” ASU 2015-16 requires an acquirer to recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments in this update require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. ASU 2015-16 eliminates the requirement to retrospectively account for measurement period adjustments. The update is effective for public business entities for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. ASU 2015-16 should be applied prospectively to adjustments to provisional amounts that occur after the effective date with early adoption permitted for financial statements that have not been issued. Our adoption of ASU 2015-16 is not expected to have a material effect on our consolidated financial statements. Adoption of Accounting Standard Resulting in Reclassification of Debt Issuance Costs Effective December 31, 2015, we elected to early-adopt ASU 2015-03 (see “Recently Issued Accounting Standards” above). ASU 2015-03 was applied retrospectively to our consolidated financial statements and as such, comparative financial statements of prior years have been adjusted accordingly. The below financial statement line items, reflected on the December 31, 2014 consolidated balance sheet, were affected by the change in accounting principle (in thousands): As Previously Reported Adjustment As Adjusted P repaid expenses and other assets $ 28,796 $ (5,363) $ 23,433 Total assets $ 675,979 $ (5,363) $ 670,616 Notes payable and revolving line of credit $ 229,610 $ (5,363) $ 224,247 Total liabilities $ 310,774 $ (5,363) $ 305,411

Reporting Segments

Reporting Segments	12 Months Ended
	Dec. 31, 2015
Reporting Segments [Abstract]
Reporting Segments	2. Reporting Segments Our homebuilding operations are organized into the following five operating segments based on the geographic markets in which we operate: Atlanta, Central Texas, Colorado, Houston and Nevada. Our Corporate operations are a nonoperating segment, as it serves to support our homebuilding operations through functions such as our executive, finance, treasury, human resources, and accounting departments. In addition, our Corporate operations include certain assets and income produced from residential rental property in Colorado. Our homebuilding reportable segments are engaged in the development, design, contraction, marketing and sale of single-family attached and detached homes. The following tables summarize total revenue and pretax income by operating segment (in thousands): Year Ended December 31, 2015 2014 2013 Revenue: Atlanta $ 269,188 $ 36,726 $ — Central Texas 77,996 55,845 21,136 Colorado 259,259 181,609 149,997 Houston 38,233 17,458 — Nevada 89,813 70,754 — Total revenue $ 734,489 $ 362,392 $ 171,133 Income before income tax expense: Atlanta $ 23,574 $ 899 $ — Central Texas 5,048 5,053 299 Colorado 37,090 29,924 26,117 Houston (788) (759) — Nevada 12,425 8,588 — Corporate (17,044) (12,746) (8,343) Total income before income tax expense $ 60,305 $ 30,959 $ 18,073 The following table summarizes total assets by operating segment (in thousands): As of December 31, 2015 2014 Atlanta $ 185,331 $ 75,434 Central Texas 117,037 85,083 Colorado 313,653 280,361 Houston 51,534 28,875 Nevada 220,209 168,401 Corporate 29,977 32,462 Total assets $ 917,741 $ 670,616 Corporate assets primarily include cash and cash equivalents, prepaid insurance, and certain property and equipment.

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Business Combinations	3. Business Combinations We did not complete any business combinations during the year ended December 31, 2015. Business combinations during the year ended December 31, 2014 Acquisition of LVLH On April 1, 2014, we purchased substantially all of the assets and operations of LVLH, a homebuilder with operations in Las Vegas, Nevada, for a purchase price of approximately $ 165 million. The acquired assets consisted of 1,761 lots within five single-family communities in the greater Las Vegas, Nevada metropolitan area. The 1,761 lots included 57 homes in backlog, 17 model homes and three custom lots. In addition, we acquired two fully operational golf courses and two one-acre commercial plots. As the acquired assets and processes have the ability to create outputs in the form of revenue from the sale of single family residences, we concluded that the acquisition represents a business combination. We incurred $ 0.8 million in acquisition-related costs, which are included in other income (expense) on the consolidated statements of operations. The following table summarizes the amounts recognized as of the acquisition date (in thousands): Assets acquired and liabilities assumed Accounts receivable $ 347 Inventories 145,599 Prepaid expenses and other assets 1,876 Property and equipment 8,619 Amortizable intangible assets 3,042 Goodwill 11,283 Total assets $ 170,766 Accounts payable 2,074 Accrued expenses and other liabilities 1,816 Notes payable and capital lease obligations 1,497 Total liabilities $ 5,387 Acquired inventories consist of both acquired land and work in process inventories. We determined the estimate of fair value for acquired land inventory with the assistance of a third party appraiser primarily using a forecasted cash flow approach for the development, marketing, and sale of each community acquired. Significant assumptions included in our estimate include future per lot development costs, construction and overhead costs, mix of products sold in each community as well as average sales price, and absorption rates. We estimated the fair value of acquired work in process inventories based upon the stage of production of each unit and a gross margin that we believe a market participant would require to complete the remaining development and requisite selling efforts. The stage of production, as of the acquisition date, ranged from finished lots to fully completed single family residences. We estimated a market participant would require a gross margin ranging from 7% to 24 % based upon the stage of production of the individual lot. We determined the estimate of fair value for amortizable intangible assets, which includes a non-solicitation agreement, cell phone tower leases, and home plans, with the assistance of a third party valuation firm. Our estimates of the fair value of the non-solicitation agreement, cell phone tower leases, and homes plans was $1.4 million, $1.4 million and $0.3 million, respectively, which will be amortized over 2 years, 16.6 years, and 7 years, respectively. In total, amortizable intangible assets will be amortized over a weighted average life of 9.1 years. We determined that LVLH’s carrying costs approximated fair value for all other acquired assets and assumed liabilities. Goodwill includes the anticipated economic value of the acquired workforce. Approximately $ 7.0 million of goodwill is expected to be deductible for tax purposes. Included in home sales revenue and income before income taxes on the consolidated statement of operations for the year ended December 31, 2014 is $70.8 million and $8.6 million, respectively, earned from LVLH subsequent to the acquisition date. Acquisition of Grand View On August 12, 2014, we purchased substantially all of the assets and operations of Grand View in Houston, Texas for a purchase price of approximately $ 13 million and annual earnout payments based on a percentage of adjusted pre-tax income over the next two years. As the acquired assets and processes have the ability to create outputs in the form of revenue from the sale of single family residences, we concluded that the acquisition represents a business combination. We incurred $ 0.1 million in acquisition-related costs, which are included in other income (expense) on the consolidated statements of operations. The following table summarizes the amounts recognized as of the acquisition date (in thousands): Assets acquired and liabilities assumed Accounts receivable $ 188 Inventories 12,070 Prepaid expenses and other assets 295 Property and equipment 185 Amortizable intangible assets 1,748 Goodwill 1,746 Total assets $ 16,232 Accrued expenses and other liabilities (inclusive of earnout liability) 3,376 Total liabilities $ 3,376 Acquired inventories consist of both acquired land, work in process and model inventories. We determined the fair value for acquired inventories on a lot by lot basis primarily using a forecasted cash flow approach for the development, marketing, and sale of each lot acquired. Significant assumptions included in our estimate include future construction and overhead costs, sales price, and absorption rates. We estimated the fair value of acquired work in process inventories based upon the stage of production of each unit and a gross margin that we believe a market participant would require to complete the remaining development and requisite selling efforts. The stage of production, as of the acquisition date, ranged from finished lots to fully completed single family residences. We estimated a market participant would require a gross margin ranging from 6% to 18 % based upon the stage of production of the individual lot. We determined the estimate of fair value for amortizable intangible assets, which includes a non-compete agreement, a trade name, home plans, and backlog associated with certain custom home contracts, with the assistance of a third party valuation firm. Our estimate of the fair value of the non-compete agreement, trade name, home plans and backlog were $ 0.5 million, $ 1.0 million, $0.1 million, and $0.2 million respectively, which will be amortized over 4 years, 2.7 years, 7 years, and 1.5 years, respectively. In total, amortizable intangible assets will be amortized over a weighted average life of 2.8 years. The fair value of the earnout on the acquisition date of $ 2.5 million was determined with the assistance of a third party valuation firm based on probability weighting scenarios and discounting the potential payments which are based on pre-tax income and range from $ 0 to a maximum of $5.3 million. The maximum earnout amount is subject to downward reductions of up to $ 1.5 million based on the number of future lots acquired over the next two years in our Houston operating segment. We determined that Grand View’s carrying costs approximated fair value for all other acquired assets and assumed liabilities. Goodwill includes the anticipated economic value of the acquired workforce. No goodwill is expected to be deductible for tax purposes. During the year ended December 31, 2015, we recorded measurement period adjustments, which decreased the estimated value of amortizable intangible assets by $0.5 million and decreased the estimated value of inventories by $0.2 million, resulting in an increase in goodwill of $0.7 million. The measurement period adjustments also resulted in a decrease of $0.1 million for the year ended December 31, 2015 to selling, general, and administrative expenses and a reduction of $0.2 million to cost of home sales revenues on the consolidated statements of operations. Included in home sales revenue and income before income taxes on the consolidated statement of operations for the year ended December 31, 2014 is $ 17.5 million and ($0.8) million, respectively, resulting from Grand View subsequent to the acquisition date. Acquisition of Peachtree On November 13, 2014, we acquired substantially all the assets and operations of Peachtree, a leading homebuilder in Atlanta, Georgia for approximately $ 57 million in cash. The acquired assets include land, homes under construction, model homes and lot option contacts in 36 communities in the greater Atlanta area. As a result of the acquisition, we obtained ownership or control of 2,120 lots in the greater Atlanta market. As the acquired assets and processes have the ability to create outputs in the form of revenue from the sale of single family residences, we concluded that the acquisition represents a business combination. We incurred $ 0.5 million in acquisition-related costs, which are included in other income (expense) on the consolidated statements of operations. The following table summarizes our estimates of the fair value of the assets acquired and liabilities assumed as of the acquisition date (in thousands): Assets acquired and liabilities assumed Accounts receivable $ 11 Inventories 48,034 Prepaid expenses and other assets 762 Property and equipment 54 Amortizable intangible assets 4,044 Goodwill 7,857 Total assets $ 60,762 Accounts payable 3,304 Accrued expenses and other liabilities 3,108 Total liabilities $ 6,412 Acquired inventories primarily consist of work in process homebuilding inventory in various stages of construction and do not include significant amounts of land held for future development. Accordingly, we estimated the fair value based upon the stage of production of each unit and a gross margin that we believe a market participant would require to complete the remaining development and requisite selling efforts. The stage of production, as of the acquisition date, ranged from finished lots to fully completed single family residences. We estimated a market participant would require a gross margin ranging from 6% to 18 % based upon the stage of production of the individual lot. Due to the preliminary nature of these estimates combined with uncertainties in the estimation process and the significant volatility in demand for new housing, actual results could differ significantly from such estimates. Intangible assets consist of a non-compete agreement with the former owner of Peachtree, acquired home plans and acquired lot option agreements. The non-compete agreement was valued using a with and with-out approach which estimates the impact on future cash flows with and with-out the non-compete agreement. The difference between the projected cash flows is then discounted in order to estimate the fair value of the agreement. We estimated a fair value of $ 3.2 million for the non-compete agreement. Acquired home plans were valued using a replacement cost approach, which resulted in an estimated fair value of $ 0.2 million. The fair value of the acquired lot option agreements of $0.6 million was estimated based upon the difference between the contractual lot option purchase prices and the estimated fair value of similar lots on the acquisition date. The non-compete agreement, home plans and lot option agreements will be amortized over 5, 7 and 3 years, respectively. In total, amortizable intangible assets will be amortized over a weighted average life of 4.8 years. We determined that Peachtree’s carrying costs approximated fair value for all other acquired assets and assumed liabilities. Goodwill includes the anticipated economic value of the acquired workforce. Approximately $ 12.0 million of goodwill is expected to be deductible for tax purposes. During the year ended December 31, 2015, we recorded a measurement period adjustment, which increased the estimated value of amortizable intangible assets and decreased the fair value of goodwill by $0.6 million. The measurement period adjustment also resulted in an increase of $0.1 million for the year ended December 31, 2015 to cost of home sales revenues on our consolidated statements of operations. Included in home sales revenue and income before income taxes on the consolidated statement of operations for the year ended December 31, 2014 is $ 36.7 million resulting from Peachtree subsequent to the acquisition date. Business combinations during the year ended December 31, 2013 Acquisition of Jimmy Jacobs On September 12, 2013, we acquired real property and certain in-place contracts, and assumed certain liabilities, of Jimmy Jacobs, a homebuilder with operations in the greater Austin, Texas, metropolitan area, for cash consideration of $16 million. The assets acquired in the Jimmy Jacobs acquisition were primarily real property, including 50 land lots available for construction of single-family homes and 95 single-family residences and home construction contracts in various stages of construction. We also acquired in-place contracts for the sale of homes currently under construction, a purchase commitment to acquire 116 additional land lots from the seller upon the seller meeting certain development milestones, and certain other assets, including office-related personal property and intangible assets, including trade names and non-competition agreements. In total, as a result of the Jimmy Jacobs acquisition, we obtained control of 166 lots and 95 homes under construction and home construction contracts in the greater Austin, Texas, metropolitan area. As the acquired set of assets and processes has the ability to create outputs, in the form of revenue from the sale of single-family residences, we concluded that the acquisition represented a business combination. We incurred $0.3 million in acquisition-related costs during the year ended December 31, 2013, which are included in other income (expense) on the consolidated statement of operations. The following table summarizes the amounts recognized as of the acquisition date (in thousands): Assets acquired and liabilities assumed Accounts receivable $ 143 Inventories 12,411 Prepaid expenses and other assets 679 Property and equipment 1,500 Amortizable intangible assets 2,428 Goodwill 479 Total assets $ 17,640 Accounts payable 878 Accrued expenses and other liabilities 1,054 Total liabilities $ 1,932 Goodwill includes the anticipated economic value of the acquired workforce. Approximately $1.5 million of goodwill is expected to be deductible for tax purposes. Included in home sales revenue and income before income taxes on the consolidated statement of operations for the year ended December 31, 2013 is $21.1 million and $0.3 million, respectively, earned from Jimmy Jacobs subsequent to the acquisition date. Pro forma Financial Information (Unaudited) There are no pro forma adjustments for the year ended December 31, 2015. Unaudited pro forma revenue and income before tax expense for the year ended December 31, 2014 give effect to the results of the acquisitions of Grand View, and Peachtree as if the acquisition s had occurred as of January 1, 2014 . Unaudited pro forma revenue and income before tax expense for the year ended December 31, 2013 give effect to the results of the acquisitions of Jimmy Jacobs, LVLH, Grand View, and Peachtree as if the acquisition s had occurred as of January 1, 2013 . Year Ended December 31, 2014 2013 Pro forma revenue $ 599,362 $ 455,605 Pro forma income before taxes $ 49,148 $ 31,710

Inventory

Inventory	12 Months Ended
	Dec. 31, 2015
Inventory [Abstract]
Inventory	4. Inventory Inventory included the following (in thousands): As of December 31, 2015 2014 Homes under construction $ 374,274 $ 250,104 Land and land development 414,330 294,917 Capitalized interest 21,533 11,302 Total inventories $ 810,137 $ 556,323

Amortizable Intangible Assets

Amortizable Intangible Assets	12 Months Ended
	Dec. 31, 2015
Amortizable Intangible Assets [Abstract]
Amortizable Intangible Assets	5. Amortizable Intangible Assets Amortizable intangible assets included the following (in thousands): As of December 31, 2015 2014 Trade names $ 2,499 $ 2,972 Home construction contracts 880 878 Non-compete agreements 5,084 5,084 In place lot option contracts 628 — Cell phone tower leases — 1,408 Home plans 764 764 Gross intangible assets 9,855 11,106 Accumulated amortization (5,071) (2,474) Intangible assets, net $ 4,784 $ 8,632 We recognized amortization expense on our intangibles of $2.4 million, $1.5 million and $0.1 million during the years ended December 31, 2015, 2014 and 2013, respectively. As of December 31, 2015, expected amortization expense for amortizable intangible assets for each of the next five years, and thereafter, is as follows (in thousands): 2016 $ 1,872 2017 1,267 2018 830 2019 675 2020 100 Thereafter 40 Net intangible assets, net $ 4,784

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2015
Property and Equipment [Abstract]
Property and Equipment	6. Property and Equipment Property and equipment included the following (in thousands): As of December 31, 2015 2014 Land $ 200 $ 3,362 Buildings and improvements 958 6,120 Leasehold improvements 463 568 Machinery and equipment 222 536 Furniture and fixtures 458 397 Model furnishings 6,881 2,249 Computer hardware and software 2,538 1,441 11,720 14,673 Less accumulated depreciation (3,345) (2,202) Total property and equipment, net $ 8,375 $ 12,471

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets	12 Months Ended
	Dec. 31, 2015
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): As of December 31, 2015 2014 Prepaid insurance $ 5,696 $ 8,481 Lot option and escrow deposits 4,634 4,716 Performance deposits 1,404 5,365 Deferred financing costs -revolving line of credit, net 2,318 1,015 Restricted cash 360 518 Secured note receivable 2,947 — Assets held for sale 5,797 — Other 3,579 3,338 Total prepaid expenses and other assets $ 26,735 $ 23,433

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	12 Months Ended
	Dec. 31, 2015
Accrued Expenses and Other Liabilities [Abstract]
Accrued Expenses and Other Liabilities	8. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities included the following (in thousands): As of December 31, 2015 2014 Earnest money deposits $ 6,717 $ 6,703 Warranty reserve 2,622 2,194 Accrued compensation costs 8,114 6,632 Land development and home construction accruals 83,322 34,994 Accrued interest 2,651 1,935 Income taxes payable 374 217 Earnout liability — 2,426 Liabilities related to assets held for sale 223 — Other 2,754 8,928 Total accrued expenses and other liabilities $ 106,777 $ 64,029

Warranties

Warranties	12 Months Ended
	Dec. 31, 2015
Warranties [Abstract]
Warranties	9. 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 $0.6 during the year ended December 31, 2015, which is included as a reduction to cost of homes sales revenues on our consolidated statement of operations. Changes in our warranty accrual for the years ended December 31, 2015 and 2014 are detailed in the table below (in thousands): Year Ended December 31, 2015 2014 2013 Beginning balance $ 2,194 $ 1,150 $ 679 Warranty reserves assumed in business combinations — 591 — Warranty expense provisions 2,676 1,665 1,112 Payments (1,628) (1,030) (641) Warranty adjustment (620) (182) — Ending balance $ 2,622 $ 2,194 $ 1,150

Notes Payable and Revolving Lin

Notes Payable and Revolving Line of Credit	12 Months Ended
	Dec. 31, 2015
Notes Payable and Revolving Line of Credit [Abstract]
Notes Payable and Revolving Line of Credit	10. Notes Payable and Revolving Line of Credit Notes payable and revolving line of credit included the following as of December 31, 2015 and 2014 (in thousands): As of December 31, 2015 2014 6.875% senior notes $ 251,815 $ 193,242 Revolving line of credit 135,000 20,000 Land development notes 2,677 5,737 Insurance premium notes 751 5,135 Capital lease obligations — 133 Total notes payable and revolving line of credit $ 390,243 $ 224,247 6.875% senior notes In May 2014, we completed a private offering of $ 200.0 million in aggregate principal amount of senior unsecured notes due 2022 (which we refer to as the “Initial Senior Notes”) in reliance on Rule 144A and Regulation S under the Securities Act of 1933, as amended (which we refer to as the “Securities Act”). The Initial Senior Notes were issued at a price equal to 99.239% of their principal amount, and we received net proceeds of approximately $193.3 million. In February 2015, we completed an offer to exchange $200.0 million in aggregate principal amount of our 6.875% senior notes due 2022 , which are registered under the Securities Act (which we refer to as the “Initial Exchange Notes”), for all of the Initial Senior Notes. The terms of the Initial Exchange Notes are identical in all material respects to the Initial Senior Notes, except that the Initial Exchange Notes are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions applicable to the Initial Senior Notes do not apply to the Initial Exchange Notes. In April 2015, we completed a private offering of an additional $60 million in aggregate principal amount of our 6.875% senior notes due 2022 (which we refer to as the “Additional Senior Notes”) in reliance on Rule 144A and Regulation S under the Securities Act. The Additional Senior Notes were issued at a price equal to 98.26% of their principal amount, and we received net proceeds of approximately $58.5 million. The Additional Senior Notes are additional notes issued under the indenture pursuant to which the initial $ 200 million in aggregate principal amount of Initial Senior Notes were issued. In October 2015, we completed an offer to exchange $ 60.0 million in aggregate principal amount of our 6.875 % senior notes due 2022 , which are registered under the Securities Act (which we refer to as the “Additional Exchange Notes”), for all of the Additional Senior Notes. The terms of the Additional Exchange Notes are identical in all material respects to the Additional Senior Notes, except that the Additional Exchange Notes are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions applicable to the Additional Senior Notes do not apply to the Additional Exchange Notes. The Initial Exchange Notes and the Additional Exchange Notes bear the same CUSIP number, are fungible with each other, and are treated as a single series of notes under the indenture. We refer to the Initial Exchange Notes and the Additional Exchange Notes, collectively, as the “Senior Notes.” The Senior Notes carry a coupon of 6.875 % per annum. The Senior Notes are unsecured senior obligations which are guaranteed on an unsecured senior basis by certain of our current and future subsidiaries. The Senior Notes contain certain restrictive covenants on issuing future secured debt and other transactions. The aggregate principal balance of the Senior Notes is due May 2022 , with interest only payments due semi-annually in May and November of each year. Revolving line of credit On October 21, 2014, we entered into a credit agreement with Texas Capital Bank, National Association, as Administrative Agent and L/C Issuer, and the lenders from time to time party thereto (which we refer to as the “Credit Agreement”). The Credit Agreement provides us with a revolving line of credit of up to $ 120 million (which we refer to as the “Revolving Credit Facility”). Under the terms of the Credit Agreement, we are entitled to request an increase in the size of the Revolving Credit Facility by an amount not exceeding $ 80 million. If the existing lenders elect not to provide the full amount of a requested increase, we may invite one or more other lender(s) to become a party to the Credit Agreement, subject to the approval of the Administrative Agent and L/C Issuer. The Credit Agreement includes a letter of credit sublimit of $ 20 million. The obligations under the Revolving Credit Facility are guaranteed by certain of our subsidiaries. On July 31, 2015, we entered into a First Modification Agreement with Texas Capital Bank, National Association, as Administrative Agent, the lenders party thereto, and our subsidiary guarantors party thereto, which modified the Credit Agreement. The First Modification Agreement, among other things, (i) increased the Revolving Credit Facility from $120 million to $200 million, (ii) extended the maturity date of the Revolving Credit Facility from October 21, 2017 to October 21, 2018 , (iii) admitted Bank of America, N.A. as a new lender under the Revolving Credit Facility, and (iv) increased the amount of the Company’s option to request, from time to time, an increase in the size of the Revolving Credit Facility, from an amount not exceeding $80 million to an amount not exceeding $100 million, subject to the terms and conditions of the First Modification Agreement and the Credit Agreement. On December 22, 2015, we entered into a Second Modification Agreement with Texas Capital Bank, National Association, as Administrative Agent, the lenders party thereto, and our subsidiary guarantors party thereto, which modified the Credit Agreement. The Second Modification Agreement, among other things, (i) increased the Revolving Credit Facility from $200 million to $300 million, and (ii) admitted Compass Bank, an Alabama Banking Corporation, and U.S. Bank National Association as new lenders under the Revolving Credit Facility. Unless terminated earlier, on October 21, 2018 , the maturity date of the Revolving Credit Facility, the principal amount thereunder, together with all accrued unpaid interest and other amounts owing thereunder, if any, will be payable in full on such date. Borrowings under the Revolving Credit Facility bear interest at a floating rate equal to the LIBOR plus an applicable margin between 2.75% and 3.25% per annum, or, in the Administrative Agent’s discretion, a base rate plus an applicable margin between 1.75% and 2.25% per annum. The “applicable margins” described above are determined by a schedule based on our leverage ratio, as defined in the Credit Agreement. The Credit Agreement also provides for fronting fees and letter of credit fees payable to the L/C Issuer and commitment fees payable to the Administrative Agent equal to 0.20% of the unused portion of the Revolving Credit Facility. The Credit 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. The Credit Agreement also requires us to maintain (i) a leverage ratio of not more than 1.50 to 1.0 as of the last day of any fiscal quarter, based upon our and our subsidiaries’ (on a consolidated basis) ratio of debt to tangible net worth, (ii) an interest coverage ratio of not less than 1.50 to 1.0 for any four fiscal quarter period, based upon our and our subsidiaries’ (on a consolidated basis) ratio of EBITDA to cash interest expense, (iii) a consolidated tangible net worth of not less than the sum of $250 million, plus 50% of the net proceeds of any issuances of equity interests by us and the guarantors of the Revolving Credit Facility, plus 50% of the amount of our and our subsidiaries’ consolidated net income, (iv) liquidity of not less than $25 million, and (v) a risk asset ratio of not more than 1.25 to 1.0, based upon the ratio of the book value of all risk assets owned by us and our subsidiaries to the our tangible net worth. As of December 31, 2015 and 2014, we had $ 135.0 million and $20.0 million outstanding on the Credit Agreement, respectively. Other financing obligations As of December 31, 2015, the Company has three land development notes which mature in April 2016, and two insurance premium notes which mature in March 2016 and March 2017 . These notes bear interest at rates ranging from 0.5% to 5.0% . As of December 31, 2015 and 2014 , we had $3.4 million and $10.9 million, respectively, of outstanding land development notes and insurance premium notes. Aggregate annual maturities of long-term debt as of December 31, 2015 are as follows (in thousands): 2016 $ 3,291 2017 137 2018 135,000 2019 — 2020 — Thereafter 260,000 Total 398,428 Less: Discount and deferred financing costs, net on 6.875% senior notes (8,185) Carrying amount $ 390,243

Interest

Interest	12 Months Ended
	Dec. 31, 2015
Interest [Abstract]
Interest	11. 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, 2015, 2014 and 2013, we capitalized all interest costs incurred during these periods, except for interest incurred on capital leases of machinery related to our golf course operations. Our interest costs are as follows (in thousands): Year Ended December 31, 2015 2014 2013 Interest capitalized beginning of period $ 11,302 $ 2,820 $ 3,243 Interest capitalized during period 20,313 10,848 1,098 Less: capitalized interest in cost of sales (10,082) (2,366) (1,521) Interest capitalized end of period $ 21,533 $ 11,302 $ 2,820

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Taxes [Abstract]
Income Taxes	12. Income Taxes On April 30, 2013, the Company reorganized from a limited liability company into a Delaware corporation, and accordingly, we are subject to federal and state income taxes. On the date of conversion, we recorded a net deferred tax liability of $0.6 million on our consolidated balance sheet, the effect of which was recorded as an income tax expense on our consolidated statement of operations. Our income tax expense for the years ended December 31, 2015, 2014 and 2013 comprises the following current and deferred amounts (in thousands): Year Ended December 31, 2015 2014 2013 Current Federal $ 16,754 $ 11,860 $ 4,168 State and local 2,027 1,131 562 Total current 18,781 12,991 4,730 Deferred Federal 1,513 (1,923) 840 State and local 121 (131) 72 Total deferred 1,634 (2,054) 912 Income tax expense $ 20,415 $ 10,937 $ 5,642 Total income tax expense differed from the amounts computed by applying the federal statutory income tax rate of 35 % to income before income taxes as a result of the following items (in thousands): Year Ended December 31, 2015 2014 2013 Statutory income tax expense $ 21,107 $ 10,836 $ 4,897 State income tax expense, net of federal income tax expense 1,690 643 382 Section 199 deduction (1,766) (612) (421) Other permanent items 37 70 157 Other adjustments (653) - - Conversion to corporation - - 627 Income tax expense $ 20,415 $ 10,937 $ 5,642 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, 2015 and 2014 (in thousands): As of December 31, 2015 2014 Deferred tax assets Warranty reserves $ 983 $ 810 Amortizable intangible assets 678 3,694 Stock based compensation 1,513 626 Inventories, additional costs capitalized for tax 41 - Deferred tax asset 3,215 5,130 Deferred tax liabilities Prepaid expenses 514 229 Property and equipment 1,420 264 Accrued expenses 1,556 540 Inventories, additional costs capitalized for GAAP - 2,738 Deferred tax liability 3,490 — 3,771 Net deferred tax asset (liability) $ (275) $ 1,359 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. The tax years ended December 31, 2014 and 2013 , are open and subject to audit by the Internal Revenue Service and the states of Colorado, Georgia, Nevada, and Texas.

Fair Value Disclosures

Fair Value Disclosures	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures	13. 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, 2015 December 31, 2014 Hierarchy Carrying Fair Value Carrying Fair Value Secured note receivable (1) Level 2 $ 2,947 $ 2,926 $ — $ — 6.875% Senior Notes (2) Level 2 $ 251,815 $ 232,503 $ 193,242 $ 197,650 Revolving line of credit (3) Level 2 135,000 135,000 20,000 20,000 Land development notes (4) Level 2 2,677 2,672 5,737 5,724 Insurance premium notes (3) Level 2 751 751 5,135 5,135 Capital lease obligations (3) Level 2 — — 133 133 Total notes payable and revolving line of credit $ 390,243 $ 370,926 $ 224,247 $ 228,642 Earnout liability (5) Level 3 $ — $ — $ 2,426 $ 2,426 (1) The estimated fair value of the secured note received in connection with the disposition of the golf course in our Tuscany community in our Nevada operating segment as of December 31, 2015 was based on a cash flow model discounted at market interest rates that considered the underlying risks of the note. (2) Estimated fair value of the Senior Notes at December 31, 2014 was based on a cash flow model discounted at market interest rates that considered underlying risks of the debt. At December 31, 2015, the fair values of the Senior Notes also incorporated recent trading activity of the Senior Notes in inactive markets. (3) Carrying amount approximates fair value due to short-term nature and interest rate terms. (4) The estimated fair values of the land development notes at December 31, 2015 and 2014 were based on cash flow models discounted at market interest rates that considered underlying risks of the debt. (5) Recognized in connection with the acquisition of Grand View on August 12, 2014. A Monte Carlo model was used to value the earnout by simulating earnings, applying the terms of the earnout in each simulated path, determining the average payment in each year across all of the trials of the simulation, and calculating the sum of the present values of the payments in each year. The primary inputs and key assumptions of this Monte Carlo model included a range of forecasted assumptions which increased and decreased by 10.1 % from our base case and discount rates ranging from 5.1% to 6.3 %. We decreased the liability by $2.4 million during the year ended December 31, 2015 to adjust the carrying value of the earnout to fair value which was zero as of December 31, 2015. The decrease is included as a reduction to selling, general and administrative expense on our consolidated statement of operations. The carrying amount of cash and cash equivalents approximates fair value. 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.

Operating Leases

Operating Leases	12 Months Ended
	Dec. 31, 2015
Operating Leases [Abstract]
Operating Leases	14. Operating Leases The Company maintains noncancellable operating leases for office space. The Company recognizes expense on a straight-line basis over the life of each lease. Rent expense for the years ended December 31, 2015, 2014 and 2013, was $1.1 million, $0.5 million and $0.3 million, respectively, included in selling, general, and administrative on the consolidated statement of operations. Future minimum lease payments as of December 31, 2015 are as follows (in thousands): 2016 $ 914 2017 675 2018 438 2019 174 2020 178 Thereafter 187 Total $ 2,566

Postretirement Plan

Postretirement Plan	12 Months Ended
	Dec. 31, 2015
Postretirement Plan [Abstract]
Postretirement Plan	15. Postretirement Plan The Company has a 401(k) plan covering substantially all employees. The Company makes matching contributions of 50% of employees’ salary deferral amounts on the first 6% of employees’ compensation. Contributions to the plan during the years ended December 31, 2015, 2014 and 2013 were $0.2 million, $0.1 million and $0.1 million, respectively.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2015
Stock-Based Compensation [Abstract]
Stock-Based Compensation	16. Stock-Based Compensation The Company’s authorized capital stock consists of 100.0 million shares of common stock, $0.01 par value per share and 50.0 million shares of preferred stock, $0.01 par value. As of December 31, 2015 and 2014 , there were 20.6 million and 20.5 million shares of common stock issued and outstanding, exclusive of the restricted common stock issued, respectively. The Company has also reserved a total of 1.8 million shares of common stock for issuance under our First Amended & Restated 2013 Long-Term Incentive Plan, including outstanding awards. The following summarizes restricted stock award activity for the years ended December 31, 2015, 2014 and 2013: Year Ended December 31, 2015 2014 2013 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 365,868 $ 20.78 182,774 $ 19.57 - $ - Granted 500,574 16.92 250,380 21.34 182,998 19.56 Vested (141,141) 20.62 (60,609) 19.58 - - Forfeited (28,885) 17.42 (6,677) 19.59 (224) 16.94 Outstanding, end of year 696,416 $ 18.18 365,868 $ 20.78 182,774 $ 19.57 As of December 31, 2015, 0.7 million shares of restricted stock were unvested and $ 8.6 million of unrecognized compensation costs is expected to be recognized over a weighted average period of 1.8 years. During the years ended December 31, 2015, 2014 and 2013, the Company recognized stock-based compensation expense of $ 5.2 million, $ 2.2 million and $0.7 million, respectively, which is included in selling, general, and administrative on the consolidated statements of operations.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	17. Earnings Per Share We use the two-class method of calculating earnings per share (EPS) as our unvested restricted stock awards have non-forfeitable rights to dividends, and accordingly represent a participating security. The two-class method is an earnings allocation method under which EPS is calculated for each class of common stock and participating security considering both dividends declared (or accumulated) and participation rights in undistributed earnings as if all such earnings had been distributed during the period. The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2015, 2014 and 2013 (in thousands, except share and per share information): Year Ended December 31, 2015 2014 2013 Numerator Net income $ 39,890 $ 20,022 $ 12,431 Less: Net income attributable to the non-controlling interest — — (52) Less: Undistributed earnings allocated to participating securities (1,323) (296) (104) Net income allocable to common stockholders $ 38,567 $ 19,726 $ 12,275 Denominator Weighted average common shares outstanding - basic and diluted: 20,569,012 19,226,504 12,873,562 Earnings per share: Basic and diluted $ 1.88 $ 1.03 $ 0.95

Related-Party Transactions

Related-Party Transactions	12 Months Ended
	Dec. 31, 2015
Related-Party Transactions [Abstract]
Related Party Transactions	18. Related-Party Transactions Prior to our May 2013 private placement, the Company transacted with entities that were controlled by the same individuals who control the Company and are Co-CEOs of the Company. Transactions between entities under common control for land inventory are recorded at the carrying basis of the related party. In 2013, prior to the private placement, the members contributed their membership interests in Waterside at Highland Park, LLC to the Company for $3.7 million, which represented the carrying basis of the transferring entity on the date of transfer. The contribution is reflected in our consolidated statement of stockholder’s equity and members’ capital. In 2013, prior to the private placement, the Company purchased 92 unfinished lots and 82 finished lots for $4.8 million from a related party under common control. The lots had a carrying basis to the related party of $1.0 million. The difference of $3.8 million is reflected as a distribution on our consolidated statement of stockholder’s equity and members’ capital. In 2013 in connection with the private placement, the Company purchased 699 unfinished lots and 335 finished lots for $34.0 million, from a related party that was not under common control. These lots were originally purchased by the related party between 2005 and 2012 for approximately $9.8 million. As the purchase was from an entity that was not under common control, we recorded the land at the purchase price, which was determined by management based on valuations obtained from third parties. During the years ended December 31, 2015, 2014 and 2013, we delivered homes for which the land was originally purchased from entities under common control. Recording the lots at the carrying basis of the entities under common control as opposed to the purchase price benefitted gross margins by $1.8 million, $2.1 million, and $4.3 million for the years ended December 31, 2015, 2014 and 2013, respectively. As of December 31, 2015 and 2014, lots with a carrying basis, before development costs, of $1.0 million, and $1.5 million, respectively, which were purchased from entities under common control, were included in inventories on our consolidated balance sheet. During the year ended December 31, 2013, the Company paid management fees of $0.2 million, which are included in selling, general and administrative on the consolidated statement of operations. The management agreement was terminated during the second quarter of 2013.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies [Abstract]
Commitments and Contingencies	19 . 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, 2015 and 2014, we had $ 63.6 million and $34.0 million, respectively, in letters of credit and performance bonds issued and outstanding. Litigation The Company is subject to claims and lawsuits that arise primarily in the ordinary course of business, which consist primarily of construction defect claims. It is the opinion of management that if the claims have merit, parties other than the Company would be, at least in part, liable for the claims, and eventual outcome of these claims will not have a material adverse effect upon our consolidated financial condition, results of operations, or cash flows. When we believe that a loss is probable and estimable, we record a charge to selling, general, and administrative on our consolidated statement of operations for our estimated loss. We do not believe that the ultimate resolution of any claims and lawsuits will have a material adverse effect upon our consolidated financial position, results of operations, or cash flow.

Results of Quarterly Operations

Results of Quarterly Operations	12 Months Ended
	Dec. 31, 2015
Results Of Quarterly Operations [Abstract]
Results of Quarterly Operations (Unaudited)	20. Results of Quarterly Operations (Unaudited) Quarter First Second Third Fourth (in thousands, except per share amounts) 2015 Home sales revenues $ 154,335 $ 186,808 $ 179,775 $ 204,519 Gross margin from home sales revenues $ 29,529 $ 36,583 $ 38,323 $ 41,799 Income before tax expense $ 9,524 $ 14,431 $ 15,945 $ 20,405 Net income $ 6,351 $ 9,798 $ 10,583 $ 13,158 Basic and diluted earnings per share $ 0.30 $ 0.46 $ 0.50 $ 0.62 2014 Home sales revenues $ 49,671 $ 77,328 $ 90,735 $ 134,089 Gross margin from home sales revenues $ 12,397 $ 19,131 $ 19,839 $ 24,070 Income before tax expense $ 5,196 $ 8,049 $ 6,697 $ 11,017 Net income $ 3,368 $ 5,338 $ 4,127 $ 7,189 Basic and diluted earnings per share $ 0.20 $ 0.30 $ 0.19 $ 0.34

Disposition of Golf Courses

Disposition of Golf Courses	12 Months Ended
	Dec. 31, 2015
Disposition of Golf Courses [Abstract]
Disposition of Golf Courses	21. Disposition of Golf Courses On May 26, 2015, we disposed of the operations of the golf course in our Tuscany community in our Nevada operating segment for total consideration of $4.0 million, which included $1.0 million in cash and a $3.0 million secured note, and resulted in a gain on sale of $2 thousand. The secured note accrues interest at rates ranging from 4.5% to 5.5% per annum and requires monthly payments of principal and interest with a balloon payment of $2.5 million of principal in May of 2020 . On May 19, 2015, we initiated our rights under a fixed price put option to dispose of the golf course in our Rhodes Ranch community in our Nevada operating segment for $5.9 million. The fixed price put option provides for closing to occur on or before June 1, 2016 . Accordingly, the assets and liabilities of the Rhodes Ranch golf course have been classified as held for sale and presented in prepaid expenses and other assets and accrued expenses and other liabilities on the consolidated balance sheet as of December 31, 2015.

Supplemental Guarantor Informat

Supplemental Guarantor Information	12 Months Ended
	Dec. 31, 2015
Supplemental Guarantor Information [Abstract]
Supplemental Guarantor Information	22. Supplemental Guarantor Information In May 2014, we completed a private offering of $ 200.0 million in aggregate principal amount of our 6.875% senior unsecured notes due 2022 (which we refer to as the “Initial Senior Notes”). In February 2015, we completed an offer to exchange $200.0 million in aggregate principal amount of our 6.875% Senior Notes due 2022, which are registered under the Securities Act (which we refer to as the “Initial Exchange Notes”), for all of the Initial Senior Notes. The terms of the Initial Exchange Notes are identical in all material respects to the Initial Senior Notes, except that the Initial Exchange Notes are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions applicable to the Initial Senior Notes do not apply to the Initial Exchange Notes. In April 2015, we completed a private offering of an additional $60 million in aggregate principal amount of our 6.875% senior notes due 2022 (which we refer to as the “Additional Senior Notes”). In October 2015, we completed an offer to exchange $60.0 million in aggregate principal amount of our 6.875% senior notes due 2022, which are registered under the Securities Act (which we refer to as the “Additional Exchange Notes”), for all of the Additional Senior Notes. The terms of the Additional Exchange Notes are identical in all material respects to the Additional Senior Notes, except that the Additional Exchange Notes are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions applicable to the Additional Senior Notes do not apply to the Additional Exchange Notes. The Additional Senior Notes and the Additional Exchange Notes are additional notes issued under the indenture pursuant to which the Initial Senior Notes and Initial Exchange Notes were issued. The Initial Exchange Notes and the Additional Exchange Notes bear the same CUSIP number, are fungible with each other, and are treated as a single series of notes under the indenture. We refer to the Initial Exchange Notes and the Additional Exchange Notes, collectively, as the “Senior Notes.” The 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 as “Guarantors”). The Indenture governing the Senior Notes provides that the guarantees of a Guarantor will be automatically and unconditionally released and discharged: (1) upon any sale, transfer, exchange or other disposition (by merger, consolidation or otherwise) of all of the equity interests of such Guarantor after which the applicable Guarantor is no longer a “Restricted Subsidiary” (as defined in the Indenture), which sale, transfer, exchange or other disposition does not constitute an “Asset Sale” (as defined in the Indenture) or is made in compliance with applicable provisions of the Indenture; (2) upon any sale, transfer, exchange or other disposition (by merger, consolidation or otherwise) of all of the assets of such Guarantor, which sale, transfer, exchange or other disposition does not constitute an Asset Sale or is made in compliance with applicable provisions of the Indenture; provided, that after such sale, transfer, exchange or other disposition, such Guarantor is an “Immaterial Subsidiary” (as defined in the Indenture); (3) unless a default has occurred and is continuing, upon the release or discharge of such Guarantor from its guarantee of any indebtedness for borrowed money of the Company and the Guarantors so long as such Guarantor would not then otherwise be required to provide a guarantee pursuant to the Indenture; provided that if such Guarantor has incurred any indebtedness in reliance on its status as a Guarantor in compliance with applicable provisions of the Indenture, such Guarantor’s obligations under such indebtedness, as the case may be, so incurred are satisfied in full and discharged or are otherwise permitted to be incurred by a Restricted Subsidiary (other than a Guarantor) in compliance with applicable provisions of the Indenture; (4) upon the designation of such Guarantor as an “Unrestricted Subsidiary” (as defined in the Indenture), in accordance with the Indenture; (5) if the Company exercises its legal defeasance option or covenant defeasance option under the Indenture or if the obligations of the Company and the Guarantors are discharged in compliance with applicable provisions of the Indenture, upon such exercise or discharge; or (6) in connection with the dissolution of such Guarantor under applicable law in accordance with the Indenture. As the guarantees were made in connection with the February 2015 exchange offer for the Initial Exchange Notes and October 2015 exchange offer for the Additional Exchange Notes, the Guarantors’ condensed financial information is presented as if the guarantees existed during the periods presented. If any Guarantors are released from the guarantees in future periods, the changes are reflected prospectively. 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, 2015 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Assets Cash and cash equivalents $ 22,002 $ 7,285 $ — $ — $ 29,287 Accounts receivable 1,239 15,819 — — 17,058 Investment in subsidiaries 777,898 — — (777,898) — Inventories — 810,137 — — 810,137 Prepaid expenses and other assets 3,727 23,008 — — 26,735 Property and equipment, net 857 7,518 — — 8,375 Deferred tax asset, net — — — — — Amortizable intangible assets, net — 4,784 — — 4,784 Goodwill — 21,365 — — 21,365 Total assets $ 805,723 $ 889,916 $ — $ (777,898) $ 917,741 Liabilities and stockholders’ equity Liabilities: Accounts payable $ — $ 10,967 $ — $ — $ 10,967 Accrued expenses and other liabilities 9,154 97,623 — — 106,777 Deferred tax liability, net 275 — — — 275 Notes payable and revolving line of credit 386,815 3,428 — — 390,243 Total liabilities 396,244 112,018 — — 508,262 Stockholders’ equity: 409,479 777,898 — (777,898) 409,479 Total liabilities and stockholders’ equity $ 805,723 $ 889,916 $ — $ (777,898) $ 917,741 Supplemental Condensed Consolidated Balance Sheet As of December 31, 2014 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Assets Cash and cash equivalents $ 22,710 $ 10,752 $ — $ — $ 33,462 Accounts receivable 1,202 12,597 — — 13,799 Investment in subsidiaries 558,177 — — (558,177) — Inventories — 556,323 — — 556,323 Prepaid expenses and other assets 1,923 21,510 — — 23,433 Property and equipment, net 641 11,830 — — 12,471 Deferred tax asset, net 1,359 — — — 1,359 Amortizable intangible assets, net — 8,632 — — 8,632 Goodwill — 21,137 — — 21,137 Total assets $ 586,012 $ 642,781 $ — $ (558,177) $ 670,616 Liabilities and stockholders’ equity Liabilities: Accounts payable $ 70 $ 17,065 $ — $ — $ 17,135 Accrued expenses and other liabilities 7,495 56,534 — — 64,029 Notes payable and revolving line of credit 213,242 11,005 — — 224,247 Total liabilities 220,807 84,604 — — 305,411 Stockholders’ equity: 365,205 558,177 — (558,177) 365,205 Total liabilities and stockholders’ equity $ 586,012 $ 642,781 $ — $ (558,177) $ 670,616 Supplemental Condensed Consolidated Statement of Operations For the Year Ended December 31, 2015 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Revenue Home sales revenues $ — $ 725,437 $ — $ — $ 725,437 Land sales revenues — 3,405 — — 3,405 Golf course and other revenue — 5,647 — — 5,647 Total revenue — 734,489 — — 734,489 Costs and expenses Cost of homes sales revenues — 579,203 — — 579,203 Cost of land sales revenues — 3,395 — — 3,395 Cost of golf course and other revenue — 5,037 — — 5,037 Selling, general and administrative 18,013 69,827 — — 87,840 Total operating costs and expenses 18,013 657,462 — — 675,475 Operating income (18,013) 77,027 — — 59,014 Other income (expense) Equity in earnings from consolidated subsidiaries 51,197 — — (51,197) — Interest income 44 85 — — 129 Interest expense — (10) — — (10) Acquisition expense (491) — — — (491) Other income — 1,535 — — 1,535 Gain on disposition of assets — 128 — — 128 Income before income tax expense 32,737 78,765 — (51,197) 60,305 Income tax expense (7,153) 27,568 — — 20,415 Consolidated net income of Century Communities, Inc. $ 39,890 $ 51,197 $ — $ (51,197) $ 39,890 Supplemental Condensed Consolidated Statement of Operations For the Year Ended December 31, 2014 (in thousands) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Revenue Home sales revenues $ — $ 351,823 $ — $ — $ 351,823 Land sales revenues — 4,800 — — 4,800 Golf course and other revenue — 5,769 — — 5,769 Total revenue — 362,392 — — 362,392 Cost of home sale revenues Cost of homes sales revenues — 276,386 — — 276,386 Cost of land sales revenues — 1,808 — — 1,808 Cost of golf course and other revenue — 6,301 — — 6,301 Selling, general and administrative 12,185 34,610 — — 46,795 Total operating costs and expenses 12,185 319,105 — — 331,290 Operating income (12,185) 43,287 — — 31,102 Other income (expense) Equity in earnings from consolidated subsidiaries 28,729 — — (28,729) — Interest income 359 3 — — 362 Interest expense — (26) — — (26) Acquisition expense (1,414) — — — (1,414) Other income — 736 — — 736 Gain on disposition of assets — 199 — — 199 Income before income tax expense 15,489 44,199 — (28,729) 30,959 Income tax expense (4,533) 15,470 — — 10,937 Consolidated net income of Century Communities, Inc. $ 20,022 $ 28,729 $ — $ (28,729) $ 20,022 Supplemental Condensed Consolidated Statement of Operations For the Year Ended December 31, 2013 (in thousands) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Revenue Home sales revenues $ — $ 170,565 $ 568 $ — $ 171,133 Land sales revenues — — — — — Golf course and other revenue — — — — — Total revenue — 170,565 568 — 171,133 Cost of home sale revenues Cost of homes sales revenues — 129,253 398 — 129,651 Cost of land sales revenues — — — — — Cost of golf course and other revenue — — — — — Selling, general and administrative 8,571 14,933 118 — 23,622 Total operating costs and expenses 8,571 144,186 516 — 153,273 Operating income (8,571) 26,379 52 — 17,860 Other income (expense) Equity in earnings from consolidated subsidiaries 19,600 — — (19,600) — Interest income 228 — — — 228 Interest expense — — — — — Acquisition expense (533) — — — (533) Other income — 507 — — 507 Gain on disposition of assets — 11 — — 11 Income before income tax expense 10,724 26,897 52 (19,600) 18,073 Income tax expense (benefit) (1,707) 7,349 — — 5,642 Consolidated net income of Century Communities, Inc. 12,431 19,548 52 (19,600) 12,431 Net income attributable to the non-controlling interests 52 0 — — 52 Income attributable to common stockholders $ 12,379 $ 19,548 $ 52 $ (19,600) $ 12,379 Supplemental Condensed Consolidated Statement of Cash Flows For the Year Ended December 31, 2015 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Net cash used in operating activities $ (3,742) $ (158,992) $ — $ — $ (162,734) Net cash used in investing activities (167,244) (3,839) — 166,851 (4,232) Financing activities Borrowings under revolving credit facilities 180,000 — — — 180,000 Payments on revolving credit facilities (65,000) — — — (65,000) Proceeds from issuance of senior notes 58,956 — — — 58,956 Proceeds from issuance of notes payable — 1,169 — — 1,169 Principal payments on notes payable — (8,656) — — (8,656) Debt issuance costs (2,817) — — — (2,817) Repurchases of common stock upon vesting of restricted stock awards (861) — — — (861) Payments from (and advances to) parent/subsidiary — 166,851 — (166,851) — Net cash provided by financing activities 170,278 159,364 — (166,851) 162,791 Net decrease in cash and cash equivalents (708) (3,467) — — (4,175) Cash and cash equivalents Beginning of period 22,710 10,752 — — 33,462 End of period $ 22,002 $ 7,285 $ — $ — $ 29,287 Supplemental Condensed Consolidated Statement of Cash Flows For the Year Ended December 31, 2014 (in thousands) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Net cash used in operating activities $ (7,783) $ (121,888) $ — $ — $ (129,671) Net cash used in investing activities (359,291) (233,001) — 358,580 (233,712) Financing activities Borrowings under revolving credit facilities 119,000 — — — 119,000 Payments on revolving credit facilities (99,000) — — — (99,000) Proceeds from issuance of senior notes 198,478 — — — 198,478 Proceeds from issuance of notes payable — 6,760 — — 6,760 Principal payments on notes payable — (3,083) — — (3,083) Debt issuance costs (6,783) — — — (6,783) Net proceeds from issuances of common stock 81,564 — — — 81,564 Repurchases of common stock (9,746) — — — (9,746) Excess tax benefit on stock-based compensation 43 — — — 43 Payments from (and advances to) parent/subsidiary — 358,580 — (358,580) — Repurchases of common stock upon vesting of restricted stock awards (386) — — — (386) Net cash provided by financing activities 283,170 362,257 — (358,580) 286,847 Net increase (decrease) in cash and cash equivalents (83,904) 7,368 — — (76,536) Cash and cash equivalents Beginning of period 106,614 3,384 — — 109,998 End of period $ 22,710 $ 10,752 $ — $ — $ 33,462 Supplemental Condensed Consolidated Statement of Cash Flows For the Year Ended December 31, 2013 (in thousands) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Net cash used in operating activities $ (976) $ (69,865) $ 3,343 $ — $ (67,498) Net cash used in investing activities (96,663) (16,258) — 96,663 (16,258) Financing activities Borrowings under revolving credit facilities 26,671 — — — 26,671 Payments on revolving credit facilities (47,044) — — (47,044) Proceeds from issuance of notes payable — 5,763 — 5,763 Principal payments on notes payable — (17,096) — — (17,096) Net proceeds from issuances of common stock 223,760 — — — 223,760 Payments from (and advances to) parent/subsidiary — 100,629 (3,966) (96,663) — Contributions from members 1,500 — — 1,500 Distributions to members (3,830) — — — (3,830) Distributions to non-controlling interest (950) — — — (950) Net cash provided by financing activities 200,107 89,296 (3,966) (96,663) 188,774 Net increase (decrease) in cash and cash equivalents 102,468 3,173 (623) — 105,018 Cash and cash equivalents Beginning of period 4,146 211 623 — 4,980 End of period $ 106,614 $ 3,384 $ — $ — $ 109,998

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	23. Subsequent Events No subsequent events were noted.

Nature of Operations and Summ30

Nature of Operations and Summary of Significant Accounting Policies (Policy)	12 Months Ended
	Dec. 31, 2015
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” or “the Company”) is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in metropolitan areas in Colorado, Austin and San Antonio, Texas (which we refer to as “Central Texas”), Houston, Texas, Las Vegas, Nevada and Atlanta, Georgia. Our homebuilding operations are organized into the following five operating segments based on the geographic markets in which we operate: Atlanta, Central Texas, Colorado, Houston and Nevada. In many of our projects, in addition to building homes, we are responsible for the entitlement and development of the underlying land. We were formed as a Colorado limited liability company in August 2002, and we converted into a Delaware corporation pursuant to the General Corporation Law of the State of Delaware on April 30, 2013. In connection with the conversion, all of the outstanding membership interests were converted into an aggregate of 5.0 million shares of common stock, which represented 100 % of the outstanding shares of the Company’s common stock immediately following the conversion. Also in connection with the conversion, the Company’s name was changed from Century Communities Colorado, LLC to Century Communities, Inc., and a total of 100.0 million shares of the Company’s common stock and 50.0 million shares of preferred stock were authorized for issuance.
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 each variable interest entity ( which we refer to as “VIE”) for which the Company is 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.
Accounts Receivable	Accounts Receivable Accounts receivable primarily consist of amounts to be received by the Company from the title company for homes closed, which are typically received within a few business days of home close, and contract receivables related to certain contracts in our Central Texas and Houston operating segments accounted for under the percentage-of-completion method. We periodically review the collectability of our accounts receivables, 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, 2015 and 2014, 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 sales 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 as 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, the community is deemed impaired and is written down to fair value. We generally estimate the fair value of the community through a discounted cash flow approach. 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 years ended December 31, 2015, 2014 and 2013, no inventory impairments were recorded.
Home Sales and Profit Recognition	Home Sales and Profit Recognition Revenues from home sales are recorded and a profit is recognized when the respective units are closed, title has passed, the homeowner’s initial and continuing investment is adequate, and other attributes of ownership have been transferred to the homeowner. Sales incentives are recorded as a reduction of revenues when the respective unit is closed. When it is determined that the earnings process is not complete, the sale and the related profit are deferred for recognition in future periods. We also serve as the general contractor for custom homes in our Central Texas and Houston operating segments, where the customer and not the Company owns the underlying land ( which we refer to as “Build on Your Own Lot Contracts”). Accordingly, we recognize revenue for the Build on Your Own Lot Contracts, which are primarily cost plus contracts, on the percentage-of-completion method where progress toward completion is measured by relating the actual cost of work performed to date to the current estimated total cost of the respective contracts. As the Company makes such estimates, judgments are required to evaluate potential variances in the cost of materials and labor and productivity. During the years ended December 31, 2015, 2014 and 2013, we recognized revenue of $ 6.1 million, $22.0 million and $11.0 million, respectively, and incurred costs of $ 4.8 million, $ 17.4 million and $8.8 million, respectively, associated with Build on Your Own Lot Contracts, which are presented in home sales revenues and cost of home sales revenues on the consolidated statement of operations, respectively. As of December 31, 2015 and 2014, we had $ 0.8 million and $ 2.0 million in contract receivables, respectively, and $0.3 million and $ 68 thousand in billings in excess of collections, respectively, related to the Build on Your Own Lot Contracts, which are presented on the consolidated balance sheet in accounts receivable and accrued expenses and other liabilities, respectively.
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 sold. 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.
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 – 15 years Furniture and fixtures 2 – 7 years Model furnishings 2 – 5 years Computer hardware and software 1 – 5 years
Amortizable Intangible Assets	Amortizable Intangible Assets Amortizable intangible assets consist of the estimated fair value of trade names, home construction contracts, non-compete agreements, and home plans that were acquired upon closing of the acquisition of Jimmy Jacobs, LVLH, Grand View, and Peachtree. The acquisitions were accounted for as business combinations as defined in Accounting Standards Codification ( which we refer to as “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 life. Trade names, non-compete agreements, and other intangibles assets are amortized to selling, general and administrative expenses in the consolidated statement of operations. Intangible assets for cell phone tower leases, and home construction contracts are amortized to other income and cost of home sales, respectively, as income on the related contracts are earned. The estimated lives for each major amortizable classification of intangible assets are as follows: Years Trade names 2 – 4 years Home construction contracts 1 – 2 years Non-compete agreements 2 – 5 years Cell phone tower leases 5 – 20 years Home plans 7 years
Earnest Money Deposits	Earnest Money Deposits We collect earnest deposits at the time a home buyer’s contract is accepted. Earnest money deposits held on homes under contract as of December 31, 2015 and 2014, totaled $6.7 million and $6.7 million, respectively, and are included in accrued expenses and other liabilities on the consolidated balance sheet.
Stock-Based Compensation	Stock-Based Compensation We account for share-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. Prior to our initial public offering in June 2014, our common stock was not actively traded in a liquid primary market, and accordingly, the determination of the fair value of our restricted stock awards required significant judgment by management. As such, we first consider transactions in our common stock by qualified institutional buyers subsequent to our private placement in the secondary market. We also considered various factors to determine whether the closing price of our common stock in the secondary market was an accurate representation of the fair value of the restricted stock awards. These considerations included, but were not limited to, the timing of transactions in the secondary market and the elapsed time from the relevant grant date (if any), the volume of transactions in the market, and the level of information available to the investors. To the extent we believed that the closing price of our common stock in the secondary market was not an accurate representation of the fair value of the restricted stock award, we also considered observable trends in the stock prices of our publicly traded peers since our private placement, as well as internal valuations based on recent forecasts in determining the grant date fair value of the award. Subsequent to our initial public offering, we value our restricted stock awards equal to the closing price of our common stock on the New York Stock Exchange on the date of grant.
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, 2015 and 2014, 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 statement of operations. As of December 31, 2015 and 2014, 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 three 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, we will proceed to the third step where the fair value of the reporting unit will be allocated to assets and liabilities as they would in a business combination. Impairment occurs when the carrying amount of goodwill exceeds its estimated fair value calculated in the third step. As of December 31, 2015 and 2014, we determined our goodwill was no t impaired.
Business Combinations	Business Combinations We account for business combinations in accordance with ASC 850, 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	Variable Interest Entities 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 primarily beneficiary of any VIE as of December 31, 2015 and 2014.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In January 2015, the Financial Accounting Standards Board ( which we refer to as “FASB”) issued ASU No. 2015-01, “Income Statement — Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.” ASU 2015-01 eliminates the concept of extraordinary items from GAAP, but the presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be retained and will be expanded to include items that are both unusual in nature and infrequently occurring. ASU 2015-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. A reporting entity may apply ASU 2015-01 prospectively. A reporting entity may also apply ASU 2015-01 retrospectively to all periods presented in the financial statements. Our adoption of ASU 2015-01 is not expected to have a material effect on our consolidated financial statements and related disclosures. In February 2015, the FASB issued ASU No. 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis.” ASU 2015-02 updates the analysis that a reporting entity must perform to determine whether to consolidate certain types of legal entities. ASU 2015-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. Our adoption of ASU 2015-02 is not expected to have a material effect on our consolidated financial statements and related disclosures. In April 2015, the FASB issued ASU No. 2015-03, “Interest — Imputation of Interest (Subtopic 835-30).” ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015, and interim periods within fiscal years beginning after December 15, 2016. Early adoption is permitted for financial statements that have not been previously issued and the guidance should be applied retrospectively to each period presented. The adoption of ASU 2015-03 requires us to adjust our current presentation of debt issuance costs related to our senior notes on our consolidated balance sheets from prepaid expenses and other assets to a reduction of the related liability. We adopted ASU 2015-03 early and the results of adoption are shown below. In August 2015, the FASB issued ASU No. 2015-14, “Revenue from Contracts with Customers (Topic 606).” ASU 2015-14 defers the effective date of ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” for public entities by one year to annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. Early adoption is permitted as of annual reporting periods beginning after December 15, 2016. We are currently evaluating the impact ASU 2015-14 and ASU 2014-09 will have on our consolidated financial statements. We do not intend to adopt ASU 2015-14 early. In August 2015, the FASB issued ASU No. 2015-15, “Interest — Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements — Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting.” ASU 2015-15 clarifies the treatment of debt issuance costs from line-of-credit arrangements after the adoption of ASU 2015-03. Specifically, ASU 2015-15 clarifies that the SEC staff would not object to an entity deferring and presenting debt issuance costs related to a line-of-credit arrangement as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of such arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. We have adopted ASU 2015-15 and there was no material effect on our consolidated financial statements as a result of such adoption . In September 2015, the FASB issued ASU No. 2015-16, “Business Combinations (Topic 805).” ASU 2015-16 requires an acquirer to recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments in this update require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. ASU 2015-16 eliminates the requirement to retrospectively account for measurement period adjustments. The update is effective for public business entities for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. ASU 2015-16 should be applied prospectively to adjustments to provisional amounts that occur after the effective date with early adoption permitted for financial statements that have not been issued. Our adoption of ASU 2015-16 is not expected to have a material effect on our consolidated financial statements.
Adoption Of Accounting Standard Resulting in Reclassification Of Debt Issuance Costs	Adoption of Accounting Standard Resulting in Reclassification of Debt Issuance Costs Effective December 31, 2015, we elected to early-adopt ASU 2015-03 (see “Recently Issued Accounting Standards” above). ASU 2015-03 was applied retrospectively to our consolidated financial statements and as such, comparative financial statements of prior years have been adjusted accordingly. The below financial statement line items, reflected on the December 31, 2014 consolidated balance sheet, were affected by the change in accounting principle (in thousands): As Previously Reported Adjustment As Adjusted P repaid expenses and other assets $ 28,796 $ (5,363) $ 23,433 Total assets $ 675,979 $ (5,363) $ 670,616 Notes payable and revolving line of credit $ 229,610 $ (5,363) $ 224,247 Total liabilities $ 310,774 $ (5,363) $ 305,411

Nature of Operations and Summ31

Nature of Operations and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
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 – 15 years Furniture and fixtures 2 – 7 years Model furnishings 2 – 5 years Computer hardware and software 1 – 5 years
Schedule Of Amortizable Classification Of Intangible Assets	Years Trade names 2 – 4 years Home construction contracts 1 – 2 years Non-compete agreements 2 – 5 years Cell phone tower leases 5 – 20 years Home plans 7 years
Schedule Of Change In Accounting Principle In Consolidated Balance Sheet	As Previously Reported Adjustment As Adjusted P repaid expenses and other assets $ 28,796 $ (5,363) $ 23,433 Total assets $ 675,979 $ (5,363) $ 670,616 Notes payable and revolving line of credit $ 229,610 $ (5,363) $ 224,247 Total liabilities $ 310,774 $ (5,363) $ 305,411

Reporting Segments (Tables)

Reporting Segments (Tables)	12 Months Ended
	Dec. 31, 2015
Reporting Segments [Abstract]
Schedule Of Home Sale Revenues And Pretax Income By Segment	Year Ended December 31, 2015 2014 2013 Revenue: Atlanta $ 269,188 $ 36,726 $ — Central Texas 77,996 55,845 21,136 Colorado 259,259 181,609 149,997 Houston 38,233 17,458 — Nevada 89,813 70,754 — Total revenue $ 734,489 $ 362,392 $ 171,133 Income before income tax expense: Atlanta $ 23,574 $ 899 $ — Central Texas 5,048 5,053 299 Colorado 37,090 29,924 26,117 Houston (788) (759) — Nevada 12,425 8,588 — Corporate (17,044) (12,746) (8,343) Total income before income tax expense $ 60,305 $ 30,959 $ 18,073
Schedule Of Total Assets By Segment	As of December 31, 2015 2014 Atlanta $ 185,331 $ 75,434 Central Texas 117,037 85,083 Colorado 313,653 280,361 Houston 51,534 28,875 Nevada 220,209 168,401 Corporate 29,977 32,462 Total assets $ 917,741 $ 670,616

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Dec. 31, 2015
Pro Forma Financial Information [Abstract]
Schedule Of Pro Forma Information	Year Ended December 31, 2014 2013 Pro forma revenue $ 599,362 $ 455,605 Pro forma income before taxes $ 49,148 $ 31,710
Las Vegas Land Holdings [Member]
Business Combinations [Line Items]
Schedule Of Final Recognized Assets Acquired And Liabilities Assumed	Assets acquired and liabilities assumed Accounts receivable $ 347 Inventories 145,599 Prepaid expenses and other assets 1,876 Property and equipment 8,619 Amortizable intangible assets 3,042 Goodwill 11,283 Total assets $ 170,766 Accounts payable 2,074 Accrued expenses and other liabilities 1,816 Notes payable and capital lease obligations 1,497 Total liabilities $ 5,387
Grand View Builders Inc. [Member]
Business Combinations [Line Items]
Schedule Of Final Recognized Assets Acquired And Liabilities Assumed	Assets acquired and liabilities assumed Accounts receivable $ 188 Inventories 12,070 Prepaid expenses and other assets 295 Property and equipment 185 Amortizable intangible assets 1,748 Goodwill 1,746 Total assets $ 16,232 Accrued expenses and other liabilities (inclusive of earnout liability) 3,376 Total liabilities $ 3,376
Peachtree Communities [Member]
Business Combinations [Line Items]
Schedule Of Final Recognized Assets Acquired And Liabilities Assumed	Assets acquired and liabilities assumed Accounts receivable $ 11 Inventories 48,034 Prepaid expenses and other assets 762 Property and equipment 54 Amortizable intangible assets 4,044 Goodwill 7,857 Total assets $ 60,762 Accounts payable 3,304 Accrued expenses and other liabilities 3,108 Total liabilities $ 6,412
Jimmy Jacobs [Member]
Business Combinations [Line Items]
Schedule Of Final Recognized Assets Acquired And Liabilities Assumed	Assets acquired and liabilities assumed Accounts receivable $ 143 Inventories 12,411 Prepaid expenses and other assets 679 Property and equipment 1,500 Amortizable intangible assets 2,428 Goodwill 479 Total assets $ 17,640 Accounts payable 878 Accrued expenses and other liabilities 1,054 Total liabilities $ 1,932

Inventory (Tables)

Inventory (Tables)	12 Months Ended
	Dec. 31, 2015
Inventory [Abstract]
Schedule Of Inventories	As of December 31, 2015 2014 Homes under construction $ 374,274 $ 250,104 Land and land development 414,330 294,917 Capitalized interest 21,533 11,302 Total inventories $ 810,137 $ 556,323

Amortizable Intangible Assets (

Amortizable Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2015
Amortizable Intangible Assets [Abstract]
Schedule Of Amortizable Intagible Assets	As of December 31, 2015 2014 Trade names $ 2,499 $ 2,972 Home construction contracts 880 878 Non-compete agreements 5,084 5,084 In place lot option contracts 628 — Cell phone tower leases — 1,408 Home plans 764 764 Gross intangible assets 9,855 11,106 Accumulated amortization (5,071) (2,474) Intangible assets, net $ 4,784 $ 8,632
Schedule Of Future Amortization Expense	2016 $ 1,872 2017 1,267 2018 830 2019 675 2020 100 Thereafter 40 Net intangible assets, net $ 4,784

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Property and Equipment [Abstract]
Schedule Of Property And Equipment	As of December 31, 2015 2014 Land $ 200 $ 3,362 Buildings and improvements 958 6,120 Leasehold improvements 463 568 Machinery and equipment 222 536 Furniture and fixtures 458 397 Model furnishings 6,881 2,249 Computer hardware and software 2,538 1,441 11,720 14,673 Less accumulated depreciation (3,345) (2,202) Total property and equipment, net $ 8,375 $ 12,471

Prepaid Expenses and Other As37

Prepaid Expenses and Other Assets (Tables)	12 Months Ended
	Dec. 31, 2015
Prepaid Expenses and Other Assets [Abstract]
Schedule Of Prepaid Expenses And Other Assets	As of December 31, 2015 2014 Prepaid insurance $ 5,696 $ 8,481 Lot option and escrow deposits 4,634 4,716 Performance deposits 1,404 5,365 Deferred financing costs -revolving line of credit, net 2,318 1,015 Restricted cash 360 518 Secured note receivable 2,947 — Assets held for sale 5,797 — Other 3,579 3,338 Total prepaid expenses and other assets $ 26,735 $ 23,433

Accrued Expenses and Other Li38

Accrued Expenses and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2015
Accrued Expenses and Other Liabilities [Abstract]
Schedule Of Accrued Expenses And Other Liabilities	As of December 31, 2015 2014 Earnest money deposits $ 6,717 $ 6,703 Warranty reserve 2,622 2,194 Accrued compensation costs 8,114 6,632 Land development and home construction accruals 83,322 34,994 Accrued interest 2,651 1,935 Income taxes payable 374 217 Earnout liability — 2,426 Liabilities related to assets held for sale 223 — Other 2,754 8,928 Total accrued expenses and other liabilities $ 106,777 $ 64,029

Warranties (Tables)

Warranties (Tables)	12 Months Ended
	Dec. 31, 2015
Warranties [Abstract]
Schedule Of Changes In Warranty Accrual	Year Ended December 31, 2015 2014 2013 Beginning balance $ 2,194 $ 1,150 $ 679 Warranty reserves assumed in business combinations — 591 — Warranty expense provisions 2,676 1,665 1,112 Payments (1,628) (1,030) (641) Warranty adjustment (620) (182) — Ending balance $ 2,622 $ 2,194 $ 1,150

Notes Payable and Revolving L40

Notes Payable and Revolving Line of Credit (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Payable and Revolving Line of Credit [Abstract]
Schedule Of Notes Payable And Revolving Loan Agreement	As of December 31, 2015 2014 6.875% senior notes $ 251,815 $ 193,242 Revolving line of credit 135,000 20,000 Land development notes 2,677 5,737 Insurance premium notes 751 5,135 Capital lease obligations — 133 Total notes payable and revolving line of credit $ 390,243 $ 224,247
Schedule Of Maturities Of Long Term Debt	2016 $ 3,291 2017 137 2018 135,000 2019 — 2020 — Thereafter 260,000 Total 398,428 Less: Discount and deferred financing costs, net on 6.875% senior notes (8,185) Carrying amount $ 390,243

Interest (Tables)

Interest (Tables)	12 Months Ended
	Dec. 31, 2015
Interest [Abstract]
Schedule Of Capitalized Interest Costs	Year Ended December 31, 2015 2014 2013 Interest capitalized beginning of period $ 11,302 $ 2,820 $ 3,243 Interest capitalized during period 20,313 10,848 1,098 Less: capitalized interest in cost of sales (10,082) (2,366) (1,521) Interest capitalized end of period $ 21,533 $ 11,302 $ 2,820

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Taxes [Abstract]
Schedule Of Income Tax Expense	Year Ended December 31, 2015 2014 2013 Current Federal $ 16,754 $ 11,860 $ 4,168 State and local 2,027 1,131 562 Total current 18,781 12,991 4,730 Deferred Federal 1,513 (1,923) 840 State and local 121 (131) 72 Total deferred 1,634 (2,054) 912 Income tax expense $ 20,415 $ 10,937 $ 5,642
Schedule Of Components Of Income Tax Expense By Expense	Year Ended December 31, 2015 2014 2013 Statutory income tax expense $ 21,107 $ 10,836 $ 4,897 State income tax expense, net of federal income tax expense 1,690 643 382 Section 199 deduction (1,766) (612) (421) Other permanent items 37 70 157 Other adjustments (653) - - Conversion to corporation - - 627 Income tax expense $ 20,415 $ 10,937 $ 5,642
Schedule Of Deferred Tax Assets And Liabilities	As of December 31, 2015 2014 Deferred tax assets Warranty reserves $ 983 $ 810 Amortizable intangible assets 678 3,694 Stock based compensation 1,513 626 Inventories, additional costs capitalized for tax 41 - Deferred tax asset 3,215 5,130 Deferred tax liabilities Prepaid expenses 514 229 Property and equipment 1,420 264 Accrued expenses 1,556 540 Inventories, additional costs capitalized for GAAP - 2,738 Deferred tax liability 3,490 — 3,771 Net deferred tax asset (liability) $ (275) $ 1,359

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments	December 31, 2015 December 31, 2014 Hierarchy Carrying Fair Value Carrying Fair Value Secured note receivable (1) Level 2 $ 2,947 $ 2,926 $ — $ — 6.875% Senior Notes (2) Level 2 $ 251,815 $ 232,503 $ 193,242 $ 197,650 Revolving line of credit (3) Level 2 135,000 135,000 20,000 20,000 Land development notes (4) Level 2 2,677 2,672 5,737 5,724 Insurance premium notes (3) Level 2 751 751 5,135 5,135 Capital lease obligations (3) Level 2 — — 133 133 Total notes payable and revolving line of credit $ 390,243 $ 370,926 $ 224,247 $ 228,642 Earnout liability (5) Level 3 $ — $ — $ 2,426 $ 2,426 (1) The estimated fair value of the secured note received in connection with the disposition of the golf course in our Tuscany community in our Nevada operating segment as of December 31, 2015 was based on a cash flow model discounted at market interest rates that considered the underlying risks of the note. (2) Estimated fair value of the Senior Notes at December 31, 2014 was based on a cash flow model discounted at market interest rates that considered underlying risks of the debt. At December 31, 2015, the fair values of the Senior Notes also incorporated recent trading activity of the Senior Notes in inactive markets. (3) Carrying amount approximates fair value due to short-term nature and interest rate terms. (4) The estimated fair values of the land development notes at December 31, 2015 and 2014 were based on cash flow models discounted at market interest rates that considered underlying risks of the debt. (5) Recognized in connection with the acquisition of Grand View on August 12, 2014. A Monte Carlo model was used to value the earnout by simulating earnings, applying the terms of the earnout in each simulated path, determining the average payment in each year across all of the trials of the simulation, and calculating the sum of the present values of the payments in each year. The primary inputs and key assumptions of this Monte Carlo model included a range of forecasted assumptions which increased and decreased by 10.1 % from our base case and discount rates ranging from 5.1% to 6.3 %. We decreased the liability by $2.4 million during the year ended December 31, 2015 to adjust the carrying value of the earnout to fair value which was zero as of December 31, 2015. The decrease is included as a reduction to selling, general and administrative expense on our consolidated statement of operations.

Operating Leases (Tables)

Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2015
Operating Leases [Abstract]
Schedule Of Future Minimum Lease Payments	2016 $ 914 2017 675 2018 438 2019 174 2020 178 Thereafter 187 Total $ 2,566

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2015
Stock Issued or Granted During Period, Share-based Compensation [Abstract]
Schedule Of Restricted Stock Award Activity	Year Ended December 31, 2015 2014 2013 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 365,868 $ 20.78 182,774 $ 19.57 - $ - Granted 500,574 16.92 250,380 21.34 182,998 19.56 Vested (141,141) 20.62 (60,609) 19.58 - - Forfeited (28,885) 17.42 (6,677) 19.59 (224) 16.94 Outstanding, end of year 696,416 $ 18.18 365,868 $ 20.78 182,774 $ 19.57

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share, Basic And Diluted	Year Ended December 31, 2015 2014 2013 Numerator Net income $ 39,890 $ 20,022 $ 12,431 Less: Net income attributable to the non-controlling interest — — (52) Less: Undistributed earnings allocated to participating securities (1,323) (296) (104) Net income allocable to common stockholders $ 38,567 $ 19,726 $ 12,275 Denominator Weighted average common shares outstanding - basic and diluted: 20,569,012 19,226,504 12,873,562 Earnings per share: Basic and diluted $ 1.88 $ 1.03 $ 0.95

Results of Quarterly Operatio47

Results of Quarterly Operations (Tables)	12 Months Ended
	Dec. 31, 2015
Results Of Quarterly Operations [Abstract]
Schedule Of Quarterly Financial Information	Quarter First Second Third Fourth (in thousands, except per share amounts) 2015 Home sales revenues $ 154,335 $ 186,808 $ 179,775 $ 204,519 Gross margin from home sales revenues $ 29,529 $ 36,583 $ 38,323 $ 41,799 Income before tax expense $ 9,524 $ 14,431 $ 15,945 $ 20,405 Net income $ 6,351 $ 9,798 $ 10,583 $ 13,158 Basic and diluted earnings per share $ 0.30 $ 0.46 $ 0.50 $ 0.62 2014 Home sales revenues $ 49,671 $ 77,328 $ 90,735 $ 134,089 Gross margin from home sales revenues $ 12,397 $ 19,131 $ 19,839 $ 24,070 Income before tax expense $ 5,196 $ 8,049 $ 6,697 $ 11,017 Net income $ 3,368 $ 5,338 $ 4,127 $ 7,189 Basic and diluted earnings per share $ 0.20 $ 0.30 $ 0.19 $ 0.34

Supplemental Guarantor Inform48

Supplemental Guarantor Information (Tables)	12 Months Ended
	Dec. 31, 2015
Supplemental Guarantor Information [Abstract]
Supplemental Condensed Consolidated Balance Sheet	Supplemental Condensed Consolidated Balance Sheet As of December 31, 2015 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Assets Cash and cash equivalents $ 22,002 $ 7,285 $ — $ — $ 29,287 Accounts receivable 1,239 15,819 — — 17,058 Investment in subsidiaries 777,898 — — (777,898) — Inventories — 810,137 — — 810,137 Prepaid expenses and other assets 3,727 23,008 — — 26,735 Property and equipment, net 857 7,518 — — 8,375 Deferred tax asset, net — — — — — Amortizable intangible assets, net — 4,784 — — 4,784 Goodwill — 21,365 — — 21,365 Total assets $ 805,723 $ 889,916 $ — $ (777,898) $ 917,741 Liabilities and stockholders’ equity Liabilities: Accounts payable $ — $ 10,967 $ — $ — $ 10,967 Accrued expenses and other liabilities 9,154 97,623 — — 106,777 Deferred tax liability, net 275 — — — 275 Notes payable and revolving line of credit 386,815 3,428 — — 390,243 Total liabilities 396,244 112,018 — — 508,262 Stockholders’ equity: 409,479 777,898 — (777,898) 409,479 Total liabilities and stockholders’ equity $ 805,723 $ 889,916 $ — $ (777,898) $ 917,741 Supplemental Condensed Consolidated Balance Sheet As of December 31, 2014 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Assets Cash and cash equivalents $ 22,710 $ 10,752 $ — $ — $ 33,462 Accounts receivable 1,202 12,597 — — 13,799 Investment in subsidiaries 558,177 — — (558,177) — Inventories — 556,323 — — 556,323 Prepaid expenses and other assets 1,923 21,510 — — 23,433 Property and equipment, net 641 11,830 — — 12,471 Deferred tax asset, net 1,359 — — — 1,359 Amortizable intangible assets, net — 8,632 — — 8,632 Goodwill — 21,137 — — 21,137 Total assets $ 586,012 $ 642,781 $ — $ (558,177) $ 670,616 Liabilities and stockholders’ equity Liabilities: Accounts payable $ 70 $ 17,065 $ — $ — $ 17,135 Accrued expenses and other liabilities 7,495 56,534 — — 64,029 Notes payable and revolving line of credit 213,242 11,005 — — 224,247 Total liabilities 220,807 84,604 — — 305,411 Stockholders’ equity: 365,205 558,177 — (558,177) 365,205 Total liabilities and stockholders’ equity $ 586,012 $ 642,781 $ — $ (558,177) $ 670,616
Supplemental Condensed Consolidated Statement Of Operations	Supplemental Condensed Consolidated Statement of Operations For the Year Ended December 31, 2015 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Revenue Home sales revenues $ — $ 725,437 $ — $ — $ 725,437 Land sales revenues — 3,405 — — 3,405 Golf course and other revenue — 5,647 — — 5,647 Total revenue — 734,489 — — 734,489 Costs and expenses Cost of homes sales revenues — 579,203 — — 579,203 Cost of land sales revenues — 3,395 — — 3,395 Cost of golf course and other revenue — 5,037 — — 5,037 Selling, general and administrative 18,013 69,827 — — 87,840 Total operating costs and expenses 18,013 657,462 — — 675,475 Operating income (18,013) 77,027 — — 59,014 Other income (expense) Equity in earnings from consolidated subsidiaries 51,197 — — (51,197) — Interest income 44 85 — — 129 Interest expense — (10) — — (10) Acquisition expense (491) — — — (491) Other income — 1,535 — — 1,535 Gain on disposition of assets — 128 — — 128 Income before income tax expense 32,737 78,765 — (51,197) 60,305 Income tax expense (7,153) 27,568 — — 20,415 Consolidated net income of Century Communities, Inc. $ 39,890 $ 51,197 $ — $ (51,197) $ 39,890 Supplemental Condensed Consolidated Statement of Operations For the Year Ended December 31, 2014 (in thousands) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Revenue Home sales revenues $ — $ 351,823 $ — $ — $ 351,823 Land sales revenues — 4,800 — — 4,800 Golf course and other revenue — 5,769 — — 5,769 Total revenue — 362,392 — — 362,392 Cost of home sale revenues Cost of homes sales revenues — 276,386 — — 276,386 Cost of land sales revenues — 1,808 — — 1,808 Cost of golf course and other revenue — 6,301 — — 6,301 Selling, general and administrative 12,185 34,610 — — 46,795 Total operating costs and expenses 12,185 319,105 — — 331,290 Operating income (12,185) 43,287 — — 31,102 Other income (expense) Equity in earnings from consolidated subsidiaries 28,729 — — (28,729) — Interest income 359 3 — — 362 Interest expense — (26) — — (26) Acquisition expense (1,414) — — — (1,414) Other income — 736 — — 736 Gain on disposition of assets — 199 — — 199 Income before income tax expense 15,489 44,199 — (28,729) 30,959 Income tax expense (4,533) 15,470 — — 10,937 Consolidated net income of Century Communities, Inc. $ 20,022 $ 28,729 $ — $ (28,729) $ 20,022 Supplemental Condensed Consolidated Statement of Operations For the Year Ended December 31, 2013 (in thousands) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Revenue Home sales revenues $ — $ 170,565 $ 568 $ — $ 171,133 Land sales revenues — — — — — Golf course and other revenue — — — — — Total revenue — 170,565 568 — 171,133 Cost of home sale revenues Cost of homes sales revenues — 129,253 398 — 129,651 Cost of land sales revenues — — — — — Cost of golf course and other revenue — — — — — Selling, general and administrative 8,571 14,933 118 — 23,622 Total operating costs and expenses 8,571 144,186 516 — 153,273 Operating income (8,571) 26,379 52 — 17,860 Other income (expense) Equity in earnings from consolidated subsidiaries 19,600 — — (19,600) — Interest income 228 — — — 228 Interest expense — — — — — Acquisition expense (533) — — — (533) Other income — 507 — — 507 Gain on disposition of assets — 11 — — 11 Income before income tax expense 10,724 26,897 52 (19,600) 18,073 Income tax expense (benefit) (1,707) 7,349 — — 5,642 Consolidated net income of Century Communities, Inc. 12,431 19,548 52 (19,600) 12,431 Net income attributable to the non-controlling interests 52 0 — — 52 Income attributable to common stockholders $ 12,379 $ 19,548 $ 52 $ (19,600) $ 12,379
Supplemental Condensed Consolidated Statement Of Cash Flows	Supplemental Condensed Consolidated Statement of Cash Flows For the Year Ended December 31, 2015 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Net cash used in operating activities $ (3,742) $ (158,992) $ — $ — $ (162,734) Net cash used in investing activities (167,244) (3,839) — 166,851 (4,232) Financing activities Borrowings under revolving credit facilities 180,000 — — — 180,000 Payments on revolving credit facilities (65,000) — — — (65,000) Proceeds from issuance of senior notes 58,956 — — — 58,956 Proceeds from issuance of notes payable — 1,169 — — 1,169 Principal payments on notes payable — (8,656) — — (8,656) Debt issuance costs (2,817) — — — (2,817) Repurchases of common stock upon vesting of restricted stock awards (861) — — — (861) Payments from (and advances to) parent/subsidiary — 166,851 — (166,851) — Net cash provided by financing activities 170,278 159,364 — (166,851) 162,791 Net decrease in cash and cash equivalents (708) (3,467) — — (4,175) Cash and cash equivalents Beginning of period 22,710 10,752 — — 33,462 End of period $ 22,002 $ 7,285 $ — $ — $ 29,287 Supplemental Condensed Consolidated Statement of Cash Flows For the Year Ended December 31, 2014 (in thousands) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Net cash used in operating activities $ (7,783) $ (121,888) $ — $ — $ (129,671) Net cash used in investing activities (359,291) (233,001) — 358,580 (233,712) Financing activities Borrowings under revolving credit facilities 119,000 — — — 119,000 Payments on revolving credit facilities (99,000) — — — (99,000) Proceeds from issuance of senior notes 198,478 — — — 198,478 Proceeds from issuance of notes payable — 6,760 — — 6,760 Principal payments on notes payable — (3,083) — — (3,083) Debt issuance costs (6,783) — — — (6,783) Net proceeds from issuances of common stock 81,564 — — — 81,564 Repurchases of common stock (9,746) — — — (9,746) Excess tax benefit on stock-based compensation 43 — — — 43 Payments from (and advances to) parent/subsidiary — 358,580 — (358,580) — Repurchases of common stock upon vesting of restricted stock awards (386) — — — (386) Net cash provided by financing activities 283,170 362,257 — (358,580) 286,847 Net increase (decrease) in cash and cash equivalents (83,904) 7,368 — — (76,536) Cash and cash equivalents Beginning of period 106,614 3,384 — — 109,998 End of period $ 22,710 $ 10,752 $ — $ — $ 33,462 Supplemental Condensed Consolidated Statement of Cash Flows For the Year Ended December 31, 2013 (in thousands) Guarantor Non Guarantor Elimination Consolidated CCS Subsidiaries Subsidiaries Entries CCS Net cash used in operating activities $ (976) $ (69,865) $ 3,343 $ — $ (67,498) Net cash used in investing activities (96,663) (16,258) — 96,663 (16,258) Financing activities Borrowings under revolving credit facilities 26,671 — — — 26,671 Payments on revolving credit facilities (47,044) — — (47,044) Proceeds from issuance of notes payable — 5,763 — 5,763 Principal payments on notes payable — (17,096) — — (17,096) Net proceeds from issuances of common stock 223,760 — — — 223,760 Payments from (and advances to) parent/subsidiary — 100,629 (3,966) (96,663) — Contributions from members 1,500 — — 1,500 Distributions to members (3,830) — — — (3,830) Distributions to non-controlling interest (950) — — — (950) Net cash provided by financing activities 200,107 89,296 (3,966) (96,663) 188,774 Net increase (decrease) in cash and cash equivalents 102,468 3,173 (623) — 105,018 Cash and cash equivalents Beginning of period 4,146 211 623 — 4,980 End of period $ 106,614 $ 3,384 $ — $ — $ 109,998

Nature of Operations and Summ49

Nature of Operations and Summary of Significant Accounting Policies (Narrative) (Details) $ in Thousands	Apr. 30, 2013shares	Dec. 31, 2015USD ($)shares	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)shares	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2015USD ($)segmentshares	Dec. 31, 2014USD ($)shares	Dec. 31, 2013USD ($)
Summary of Significant Accounting Policies [Line Items]
Number of Operating Segments | segment										5
Aggregate common stock shares | shares	5,000,000
Percentage of ownership before transaction	100.00%
Common stock shares authorized | shares	100,000,000	100,000,000				100,000,000				100,000,000	100,000,000
Preferred stock shares authorized | shares	50,000,000	50,000,000				50,000,000				50,000,000	50,000,000
Requisite service period										3 years
Allowance for doubtful accounts receivable		$ 0				$ 0				$ 0	$ 0
Impairment of real estate inventory										0	0	$ 0
Home sales revenues		204,519	$ 179,775	$ 186,808	$ 154,335	134,089	$ 90,735	$ 77,328	$ 49,671	725,437	351,823	171,133
Earnest money deposits		6,700				6,700				6,700	6,700
Tax valuation allowance		0				0				0	0
Reserves for uncetain tax positions		0				0				0	0
Jimmy Jacobs [Member]
Summary of Significant Accounting Policies [Line Items]
Home sales revenues												21,100
Grand View Builders Inc. [Member]
Summary of Significant Accounting Policies [Line Items]
Home sales revenues											17,500
Peachtree Communities [Member]
Summary of Significant Accounting Policies [Line Items]
Home sales revenues											36,700
Build On Your Own Lot [Member]
Summary of Significant Accounting Policies [Line Items]
Home sales revenues										6,100	22,000	11,000
Cost of home sales revenues										4,800	17,400	$ 8,800
Billed contracts receivable		800				2,000				800	2,000
Billings in excess of cost		$ 300				$ 68				$ 300	$ 68

Nature of Operations and Summ50

Nature of Operations and Summary of Significant Accounting Policies (Schedule Of Property and Equipment) (Details)	12 Months Ended
	Dec. 31, 2015
Building And Improvements [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	3 years
Building And Improvements [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	40 years
Leasehold Improvements [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	3 years
Leasehold Improvements [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	10 years
Machinery and Equipment [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	3 years
Machinery and Equipment [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	15 years
Furniture and Fixtures [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	2 years
Furniture and Fixtures [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	7 years
Model Furnishings [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	2 years
Model Furnishings [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	5 years
Computer Hardware and Software [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	1 year
Computer Hardware and Software [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	5 years

Nature of Operations and Summ51

Nature of Operations and Summary of Significant Accounting Policies (Schedule Of Amortizable Classification Of Intangible Assets) (Details)	12 Months Ended
	Dec. 31, 2015
Home Plans [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	7 years
Minimum | Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	2 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
Minimum | Cell Phone Tower Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	5 years
Maximum | Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	4 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
Maximum | Cell Phone Tower Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	20 years

Nature of Operations and Summ52

Nature of Operations and Summary of Significant Accounting Policies (Schedule Of Change In Accounting Principle In Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
New Accounting Pronouncement, Early Adoption [Line Items]
Prepaid expenses and other assets	$ 26,735	$ 23,433
Total assets	917,741	670,616
Notes payable and revolving line of credit	390,243	224,247
Total liabilities	508,262	305,411
Parent [Member]
New Accounting Pronouncement, Early Adoption [Line Items]
Prepaid expenses and other assets	3,727	1,923
Total assets	805,723	586,012
Notes payable and revolving line of credit	386,815	213,242
Total liabilities	$ 396,244	220,807
As Previously Reported [Member]
New Accounting Pronouncement, Early Adoption [Line Items]
Prepaid expenses and other assets		28,796
Total assets		675,979
Notes payable and revolving line of credit		229,610
Total liabilities		310,774
ASU 2015-03 [Member] | Adjustment [Member]
New Accounting Pronouncement, Early Adoption [Line Items]
Prepaid expenses and other assets		(5,363)
Total assets		(5,363)
Notes payable and revolving line of credit		(5,363)
Total liabilities		$ (5,363)

Reporting Segments (Schedule Of

Reporting Segments (Schedule Of Segment Reporting Information) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Total revenue									$ 734,489	$ 362,392	$ 171,133
Iincome before tax expense	$ 20,405	$ 15,945	$ 14,431	$ 9,524	$ 11,017	$ 6,697	$ 8,049	$ 5,196	60,305	30,959	18,073
Total assets	917,741				670,616				917,741	670,616
Atlanta [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									269,188	36,726
Iincome before tax expense									23,574	899
Total assets	185,331				75,434				185,331	75,434
Central Texas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									77,996	55,845	21,136
Iincome before tax expense									5,048	5,053	299
Total assets	117,037				85,083				117,037	85,083
Colorado [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									259,259	181,609	149,997
Iincome before tax expense									37,090	29,924	26,117
Total assets	313,653				280,361				313,653	280,361
Houston [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									38,233	17,458
Iincome before tax expense									(788)	(759)
Total assets	51,534				28,875				51,534	28,875
Nevada [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									89,813	70,754
Iincome before tax expense									12,425	8,588
Total assets	220,209				168,401				220,209	168,401
Corporate [Member]
Segment Reporting Information [Line Items]
Iincome before tax expense									(17,044)	(12,746)	$ (8,343)
Total assets	$ 29,977				$ 32,462				$ 29,977	$ 32,462

Business Combinations (Narrativ

Business Combinations (Narrative) (Details)

Nov. 13, 2014USD ($)item

Aug. 12, 2014USD ($)

Apr. 01, 2014USD ($)item

Sep. 12, 2013USD ($)item

Dec. 31, 2015USD ($)

Sep. 30, 2015USD ($)

Jun. 30, 2015USD ($)

Mar. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Sep. 30, 2014USD ($)

Jun. 30, 2014USD ($)

Mar. 31, 2014USD ($)

Dec. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Dec. 31, 2013USD ($)

Business Combinations [Line Items]

Weighted average life of intangible assets

2 years 9 months 18 days

Fair value of acquisition earnout

$ 2,426,000

$ 2,426,000

Increase (decrease) to cost of home sales revenues

$ (579,203,000)

(276,386,000)

$ (129,651,000)

Home sales revenues

$ 204,519,000

$ 179,775,000

$ 186,808,000

$ 154,335,000

134,089,000

$ 90,735,000

$ 77,328,000

$ 49,671,000

725,437,000

351,823,000

171,133,000

Income before income taxes

20,405,000

$ 15,945,000

$ 14,431,000

$ 9,524,000

$ 11,017,000

$ 6,697,000

$ 8,049,000

$ 5,196,000

$ 60,305,000

30,959,000

18,073,000

Las Vegas Land Holdings [Member]

Business Combinations [Line Items]

Purchase price

$ 165,000,000

Number of lots | item

1,761

Number of communities | item

5

Number of homes in backlog | item

57

Number of model homes | item

17

Number of custom home lots | item

3

Number of fully operational golf courses | item

2

Number of one-acre commercial plots | item

2

Acquisition costs

$ 800,000

Weighted average life of intangible assets

9 years 1 month 6 days

Goodwill amount expected to be tax deductible

$ 7,000,000

$ 7,000,000

Home sales revenues

70,800,000

Income before income taxes

8,600,000

Las Vegas Land Holdings [Member] | Minimum

Business Combinations [Line Items]

Market gross margin

7.00%

7.00%

Las Vegas Land Holdings [Member] | Maximum

Business Combinations [Line Items]

Market gross margin

24.00%

24.00%

Grand View Builders Inc. [Member]

Business Combinations [Line Items]

Purchase price

$ 13,000,000

Acquisition costs

100,000

Fair value of acquisition earnout

$ 2,500,000

Earnout period

2 years

Maximum earnout downward reduction amount

1,500,000

Goodwill amount expected to be tax deductible

$ 0

$ 0

Home sales revenues

17,500,000

Income before income taxes

(800,000)

Grand View Builders Inc. [Member] | Measurement Period Adjustments [Member]

Business Combinations [Line Items]

Increase (decrease) in the estimated value of amortizable intangible assets

(500,000)

Increase (decrease) in the fair value of the inventories

(200,000)

Increase (decrease) in goodwill

700,000

Increase (decrease) of selling, general, and administrative expenses

(100,000)

Increase (decrease) to cost of home sales revenues

$ (200,000)

Grand View Builders Inc. [Member] | Minimum

Business Combinations [Line Items]

Market gross margin

6.00%

6.00%

Potential earnout payments

0

Grand View Builders Inc. [Member] | Maximum

Business Combinations [Line Items]

Market gross margin

18.00%

18.00%

Potential earnout payments

5,300,000

Peachtree Communities [Member]

Business Combinations [Line Items]

Purchase price

$ 57,000,000

Number of lots | item

2,120

Number of communities | item

36

Acquisition costs

$ 500,000

Weighted average life of intangible assets

4 years 9 months 18 days

Goodwill amount expected to be tax deductible

$ 12,000,000

$ 12,000,000

Home sales revenues

$ 36,700,000

Peachtree Communities [Member] | Measurement Period Adjustments [Member]

Business Combinations [Line Items]

Increase (decrease) in goodwill

(600,000)

Increase (decrease) to cost of home sales revenues

$ 100,000

Peachtree Communities [Member] | Minimum

Business Combinations [Line Items]

Market gross margin

6.00%

6.00%

Peachtree Communities [Member] | Maximum

Business Combinations [Line Items]

Market gross margin

18.00%

18.00%

Jimmy Jacobs [Member]

Business Combinations [Line Items]

Purchase price

$ 16,000,000

Number of land lots available for construction | item

50

Number of additional land lots | item

116

Number of lots | item

166

Number of homes under construction contracts | item

95

Acquisition costs

300,000

Goodwill amount expected to be tax deductible

1,500,000

Home sales revenues

21,100,000

Income before income taxes

$ 300,000

Non-solicitation Agreement [Member] | Las Vegas Land Holdings [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 1,400,000

Amortization period

2 years

Cell Phone Tower Leases [Member] | Las Vegas Land Holdings [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 1,400,000

Amortization period

16 years 7 months 6 days

Home Plans [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 100,000

Amortization period

7 years

Home Plans [Member] | Las Vegas Land Holdings [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 300,000

Amortization period

7 years

Home Plans [Member] | Peachtree Communities [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 200,000

Amortization period

7 years

Non-Compete Agreements [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 500,000

Amortization period

4 years

Non-Compete Agreements [Member] | Peachtree Communities [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 3,200,000

Amortization period

5 years

Trade Names [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 1,000,000

Amortization period

2 years 8 months 12 days

Backlog [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 200,000

Amortization period

1 year 6 months

Lot Option Agreements [Member] | Peachtree Communities [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 600,000

Amortization period

3 years

Business Combinations (Schedule

Business Combinations (Schedule Of Assets And Liabilities Acquired) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Nov. 13, 2014	Aug. 12, 2014	Apr. 01, 2014	Sep. 12, 2013
Assets acquired and liabilities assumed
Goodwill	$ 21,365	$ 21,137
Las Vegas Land Holdings [Member]
Assets acquired and liabilities assumed
Accounts receivable					$ 347
Inventories					145,599
Prepaid expenses and other assets					1,876
Property and equipment					8,619
Amortizable intangible assets					3,042
Goodwill					11,283
Total assets					170,766
Accounts payable					2,074
Accrued expenses and other liabilities					1,816
Notes payable and capital lease obligations					1,497
Total liabilities					$ 5,387
Grand View Builders Inc. [Member]
Assets acquired and liabilities assumed
Accounts receivable				$ 188
Inventories				12,070
Prepaid expenses and other assets				295
Property and equipment				185
Amortizable intangible assets				1,748
Goodwill				1,746
Total assets				16,232
Accrued expenses and other liabilities (inclusive of earnout liability)				3,376
Total liabilities				$ 3,376
Peachtree Communities [Member]
Assets acquired and liabilities assumed
Accounts receivable			$ 11
Inventories			48,034
Prepaid expenses and other assets			762
Property and equipment			54
Amortizable intangible assets			4,044
Goodwill			7,857
Total assets			60,762
Accounts payable			3,304
Accrued expenses and other liabilities			3,108
Total liabilities			$ 6,412
Jimmy Jacobs [Member]
Assets acquired and liabilities assumed
Accounts receivable						$ 143
Inventories						12,411
Prepaid expenses and other assets						679
Property and equipment						1,500
Amortizable intangible assets						2,428
Goodwill						479
Total assets						17,640
Accounts payable						878
Accrued expenses and other liabilities						1,054
Total liabilities						$ 1,932

Business Combinations (Schedu56

Business Combinations (Schedule Of Pro Forma Information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Pro Forma Financial Information [Abstract]
Pro forma revenue	$ 599,362	$ 455,605
Pro forma income before taxes	$ 49,148	$ 31,710

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Inventory [Abstract]
Homes under construction	$ 374,274	$ 250,104
Land and land development	414,330	294,917
Capitalized interest	21,533	11,302	$ 2,820	$ 3,243
Total inventories	$ 810,137	$ 556,323

Amortizable Intangible Assets58

Amortizable Intangible Assets (Schedule Of Amortizable Intangible Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	$ 9,855	$ 11,106
Accumulated amortization	(5,071)	(2,474)
Net intangible assets, net	4,784	8,632
Amortization expense	2,400	1,500	$ 100
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	2,499	2,972
Home Construction Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	880	878
Non-Compete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	5,084	5,084
In Place Lot Option Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	628
Cell Phone Tower Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets		1,408
Home Plans [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	$ 764	$ 764

Amortizable Intangible Assets59

Amortizable Intangible Assets (Schedule Of Future Amortization Expense) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Amortizable Intangible Assets [Abstract]
2,016	$ 1,872
2,017	1,267
2,018	830
2,019	675
2,020	100
Thereafter	40
Net intangible assets, net	$ 4,784	$ 8,632

Property and Equipment - (Sched

Property and Equipment - (Schedule Of Property And Equipment) (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property and equipment	$ 11,720	$ 14,673
Less accumulated depreciation	(3,345)	(2,202)
Total property and equipment, net	8,375	12,471
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	200	3,362
Building And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	958	6,120
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	463	568
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	222	536
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	458	397
Model Furnishings [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	6,881	2,249
Computer Hardware and Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 2,538	$ 1,441

Prepaid Expenses and Other As61

Prepaid Expenses and Other Assets (Schedule Of Prepaid Expenses And Other Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Prepaid Expenses and Other Assets [Abstract]
Prepaid insurance	$ 5,696	$ 8,481
Lot option and escrow deposits	4,634	4,716
Performance deposits	1,404	5,365
Deferred financing costs -revolving line of credit, net	2,318	1,015
Restricted cash	360	518
Secured note receivable	2,947
Assets held for sale	5,797
Other	3,579	3,338
Total prepaid expenses and other assets	$ 26,735	$ 23,433

Accrued Expenses and Other Li62

Accrued Expenses and Other Liabilities (Schedule Of Accrued Expenses And Other Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Accrued Expenses and Other Liabilities [Abstract]
Earnest money deposits	$ 6,717	$ 6,703
Warranty reserve	2,622	2,194	$ 1,150	$ 679
Accrued compensation costs	8,114	6,632
Land development and home construction accruals	83,322	34,994
Accrued interest	2,651	1,935
Income taxes payable	374	217
Earnout liability		2,426
Liabilities related to assets held for sale	223
Other	2,754	8,928
Total accrued expenses and other liabilities	$ 106,777	$ 64,029

Warranties (Schedule Of Changes

Warranties (Schedule Of Changes In Warranty Accrual) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Warranties [Abstract]
Beginning balance	$ 2,194	$ 1,150	$ 679
Warranty reserves assumed in business combinations		591
Warranty expense provisions	2,676	1,665	1,112
Payments	(1,628)	(1,030)	(641)
Warranty adjustment	(620)	(182)
Ending balance	$ 2,622	$ 2,194	$ 1,150

Notes Payable and Revolving L64

Notes Payable and Revolving Line of Credit (Narrative) (Details)	Jul. 31, 2015USD ($)	Jul. 30, 2015USD ($)	Oct. 21, 2014USD ($)	Oct. 31, 2015USD ($)	Apr. 30, 2015USD ($)	Feb. 28, 2015USD ($)	May. 31, 2014USD ($)	Dec. 31, 2015USD ($)itemloan	Dec. 22, 2015USD ($)	Dec. 21, 2015USD ($)	Dec. 31, 2014USD ($)
Debt Instrument [Line Items]
Line of credit facility, outstanding amount								$ 135,000,000			$ 20,000,000
Minimum
Debt Instrument [Line Items]
Discount rate								5.10%
Maximum
Debt Instrument [Line Items]
Discount rate								6.30%
First Modification Agreement [Member] | Bank of America [Member]
Debt Instrument [Line Items]
Uncommitted option to increase credit facility	$ 100,000,000	$ 80,000,000
Land Development Notes And Insurance Premium Notes [Member]
Debt Instrument [Line Items]
Notes, outstanding								$ 3,400,000			10,900,000
Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate								6.875%
Maturity date								2022-05
Initial Senior Notes [Member]
Debt Instrument [Line Items]
Principal amount							$ 200,000,000
Net proceeds from issuance of senior debt							$ 193,300,000
Discount rate							99.239%
Maturity year							2,022
Exchange Notes [Member]
Debt Instrument [Line Items]
Principal amount						$ 200,000,000
Interest rate						6.875%
Maturity year						2,022
Additional Senior Notes [Member]
Debt Instrument [Line Items]
Principal amount					$ 60,000,000
Net proceeds from issuance of senior debt					$ 58,500,000
Interest rate					6.875%
Discount rate					98.26%
Maturity year					2,022
Additional Exchange Notes [Member]
Debt Instrument [Line Items]
Principal amount				$ 60,000,000
Interest rate				6.875%
Maturity year				2,022
Land Development Notes [Member] | Minimum
Debt Instrument [Line Items]
Interest and principal payment percentage								0.50%
Land Development Notes [Member] | Maximum
Debt Instrument [Line Items]
Interest and principal payment percentage								5.00%
Land Development Notes [Member]
Debt Instrument [Line Items]
Number of notes payable | loan								3
Maturity end date								Apr. 30, 2016
Insurance Premium Note [Member]
Debt Instrument [Line Items]
Number of notes payable | loan								2
Insurance Premium Note [Member] | Note Payable One [Member]
Debt Instrument [Line Items]
Maturity end date								Mar. 31, 2016
Insurance Premium Note [Member] | Note Payable Two [Member]
Debt Instrument [Line Items]
Maturity end date								Mar. 31, 2017
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maturity date								Oct. 21, 2018
Revolving Credit Facility [Member] | Texas Capital Bank [Member]
Debt Instrument [Line Items]
Maturity date	Oct. 21, 2017
Line of credit facility. maximum borrowing capacity		$ 120,000,000	$ 120,000,000
Revolving Credit Facility [Member] | First Modification Agreement [Member] | Texas Capital Bank [Member]
Debt Instrument [Line Items]
Line of credit facility. maximum borrowing capacity	$ 200,000,000									$ 200,000,000
Revolving Credit Facility [Member] | First Modification Agreement [Member] | Texas Capital Bank [Member] | Extended Maturity [Member]
Debt Instrument [Line Items]
Maturity date	Oct. 21, 2018
Revolving Credit Facility [Member] | Second Modification Agreement [Member] | Texas Capital Bank [Member]
Debt Instrument [Line Items]
Line of credit facility. maximum borrowing capacity									$ 300,000,000
Line Of Credit [Member]
Debt Instrument [Line Items]
Line of credit, covenant description								The Credit Agreement also requires us to maintain (i) a leverage ratio of not more than 1.50 to 1.0 as of the last day of any fiscal quarter, based upon our and our subsidiaries' (on a consolidated basis) ratio of debt to tangible net worth, (ii) an interest coverage ratio of not less than 1.50 to 1.0 for any four fiscal quarter period, based upon our and our subsidiaries' (on a consolidated basis) ratio of EBITDA to cash interest expense, (iii) a consolidated tangible net worth of not less than the sum of $250 million, plus 50% of the net proceeds of any issuances of equity interests by us and the guarantors of the Revolving Credit Facility, plus 50% of the amount of our and our subsidiaries' consolidated net income, (iv) liquidity of not less than $25 million, and (v) a risk asset ratio of not more than 1.25 to 1.0, based upon the ratio of the book value of all risk assets owned by us and our subsidiaries to the our tangible net worth.
Line of credit, commitment fee percentage								0.20%
Consolidated tangible net worth								$ 250,000,000
Percentage of proceeds from equity issuance								50.00%
Percentage of subsidiaries' consolidated net income								50.00%
Liquidity value								$ 25,000,000
Line of credit facility, outstanding amount								$ 135,000,000			$ 20,000,000
Line Of Credit [Member] | Minimum
Debt Instrument [Line Items]
Leverage ratio | item								1
Interest coverage ratio | item								1
Line Of Credit [Member] | Maximum
Debt Instrument [Line Items]
Line of credit facility. maximum borrowing capacity			80,000,000
Letter of credit sublimit			$ 20,000,000
Leverage ratio | item								1.50
Risk asset ratio								1.25
Interest coverage ratio | item								1.50
Line Of Credit [Member] | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate								2.75%
Line Of Credit [Member] | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate								3.25%
Line Of Credit [Member] | Base Rate [Member] | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate								1.75%
Line Of Credit [Member] | Base Rate [Member] | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate								2.25%

Notes Payable and Revolving L65

Notes Payable and Revolving Line of Credit (Schedule Of Notes Payable And Revolving Line Of Credit) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Notes Payable and Revolving Line of Credit [Abstract]
6.875% senior notes	$ 251,815	$ 193,242
Revolving line of credit	135,000	20,000
Land development notes	2,677	5,737
Insurance premium notes	751	5,135
Capital lease obligations		133
Total notes payable and revolving line of credit	$ 390,243	$ 224,247

Notes Payable and Revolving Loa

Notes Payable and Revolving Loan Agreement (Schedule Of Maturities Of Long Term Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Notes Payable and Revolving Line of Credit [Abstract]
2,016	$ 3,291
2,017	137
2,018	$ 135,000
2,019
2,020
Thereafter	$ 260,000
Total	398,428
Less: Discount and deferred financing costs, net on 6.875% senior notes	(8,185)
Total notes payable and revolving line of credit	$ 390,243	$ 224,247

Interest (Schedule Of Capitaliz

Interest (Schedule Of Capitalized Interest Costs) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interest [Abstract]
Interest capitalized beginning of period	$ 11,302	$ 2,820	$ 3,243
Interest capitalized during period	20,313	10,848	1,098
Less: capitalized interest in cost of sales	(10,082)	(2,366)	(1,521)
Interest capitalized end of period	$ 21,533	$ 11,302	$ 2,820

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Apr. 30, 2013
Income Tax Examination [Line Items]
Net deferred tax liability	$ 275			$ 600
Effective tax rate	35.00%	35.00%	35.00%
Tax valuation allowance	$ 0	$ 0
Reserves for uncetain tax positions	$ 0	$ 0
Internal Revenue Service [Member] | Tax Year 2013 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,013
Internal Revenue Service [Member] | Tax Year 2014 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,014
State Jurisdiction [Member] | COLORADO | Tax Year 2013 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,013
State Jurisdiction [Member] | COLORADO | Tax Year 2014 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,014
State Jurisdiction [Member] | GEORGIA | Tax Year 2013 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,013
State Jurisdiction [Member] | GEORGIA | Tax Year 2014 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,014
State Jurisdiction [Member] | NEVADA | Tax Year 2013 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,013
State Jurisdiction [Member] | NEVADA | Tax Year 2014 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,014
State Jurisdiction [Member] | TEXAS | Tax Year 2013 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,013
State Jurisdiction [Member] | TEXAS | Tax Year 2014 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,014

Income Taxes (Schedule Of Incom

Income Taxes (Schedule Of Income Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Taxes [Abstract]
Federal	$ 16,754	$ 11,860	$ 4,168
State and local	2,027	1,131	562
Total current	18,781	12,991	4,730
Federal	1,513	(1,923)	840
State and local	121	(131)	72
Total deferred	1,634	(2,054)	912
Income tax expense	$ 20,415	$ 10,937	$ 5,642

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, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Taxes [Abstract]
Statutory income tax expense	$ 21,107	$ 10,836	$ 4,897
State income tax expense, net of federal income tax expense	1,690	643	382
Section 199 deduction	(1,766)	(612)	(421)
Other permanent items	37	70	157
Other adjustments	(653)
Conversion to corporation			627
Income tax expense	$ 20,415	$ 10,937	$ 5,642

Income Taxes (Schedule Of Defer

Income Taxes (Schedule Of Deferred Tax Assets And Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Apr. 30, 2013
Income Taxes [Abstract]
Warranty reserves	$ 983	$ 810
Amortizable intangible assets	678	3,694
Stock based compensation	1,513	626
Inventories, additional costs capitalized for tax	41
Deferred tax asset	3,215	5,130
Prepaid expenses	514	229
Property and equipment	1,420	264
Accrued expenses	1,556	540
Inventories, additional costs capitalized for GAAP		2,738
Deferred tax liabiliy	3,490	3,771
Net deferred tax asset		$ 1,359
Net deferred tax liability	$ (275)		$ (600)

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, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Earnout liability			$ 2,426
Range of forecasted assumptions revenues and gross margins base estimate		10.10%
Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total notes payable and revolving line of credit		$ 390,243	224,247
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total notes payable and revolving line of credit		370,926	228,642
Level 2 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured note receivable	[1]	2,947
6.875% Senior Notes	[2]	251,815	193,242
Revolving line of credit	[3]	135,000	20,000
Land development notes	[4]	2,677	5,737
Insurance premium notes	[3]	751	5,135
Capital lease obligations	[3]		133
Level 2 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured note receivable	[1]	2,926
6.875% Senior Notes	[2]	232,503	197,650
Revolving line of credit	[3]	135,000	20,000
Land development notes	[4]	2,672	5,724
Insurance premium notes	[3]	$ 751	5,135
Capital lease obligations	[3]		133
Level 3 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Earnout liability	[5]		2,426
Level 3 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Earnout liability	[5]		$ 2,426
Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Discount rates		5.10%
Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Discount rates		6.30%
[1]	The estimated fair value of the secured note received in connection with the disposition of the golf course in our Tuscany community in our Nevada operating segment as of December 31, 2015 was based on a cash flow model discounted at market interest rates that considered the underlying risks of the note.
[2]	Estimated fair value of the Senior Notes at December 31, 2014 was based on a cash flow model discounted at market interest rates that considered underlying risks of the debt. At December 31, 2015, the fair values of the Senior Notes also incorporated recent trading activity of the Senior Notes in inactive markets.
[3]	Carrying amount approximates fair value due to short-term nature and interest rate terms.
[4]	The estimated fair values of the land development notes at December 31, 2015 and 2014 were based on cash flow models discounted at market interest rates that considered underlying risks of the debt.
[5]	Recognized in connection with the acquisition of Grand View on August 12, 2014. A Monte Carlo model was used to value the earnout by simulating earnings, applying the terms of the earnout in each simulated path, determining the average payment in each year across all of the trials of the simulation, and calculating the sum of the present values of the payments in each year. The primary inputs and key assumptions of this Monte Carlo model included a range of forecasted assumptions which increased and decreased by 10.1% from our base case and discount rates ranging from 5.1% to 6.3%. We decreased the liability by $2.4 million during the year ended December 31, 2015 to adjust the carrying value of the earnout to fair value which was zero as of December 31, 2015. The decrease is included as a reduction to selling, general and administrative expense on our consolidated statement of operations.

Operating Leases (Narrative) (D

Operating Leases (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Leases [Abstract]
Rent expense	$ 1.1	$ 0.5	$ 0.3

Operating Leases (Schedule Of F

Operating Leases (Schedule Of Future Minimum Lease Payments) (Details) $ in Thousands	Dec. 31, 2015USD ($)
Operating Leases [Abstract]
2,016	$ 914
2,017	675
2,018	438
2,019	174
2,020	178
Thereafter	187
Future minimum lease payments	$ 2,566

Postretirement Plan (Details)

Postretirement Plan (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Postretirement Plan [Abstract]
Matching contribution, percentage	50.00%
Employer contribution, percet of employee's gross pay	6.00%
Contribution, amount	$ 0.2	$ 0.1	$ 0.1

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Apr. 30, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock shares authorized	100,000,000	100,000,000		100,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock shares issued, excluding restricted common shares	20,600,000	20,500,000
Common stock shares outstanding, excluding restricted common shares	20,600,000	20,500,000
Preferred stock shares authorized	50,000,000	50,000,000		50,000,000
Preferred stock, par value	$ 0.01	$ 0.01
Shares of common stock for stock award issuances	1,800,000
Unvested shares of restricted stock	696,416	365,868	182,774
Compensation expense	$ 5.2	$ 2.2	$ 0.7
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested shares of restricted stock	700,000
Compensation costs not yet recognized	$ 8.6
Compensation costs not yet recognized, period for recognition	1 year 9 months 18 days

Stock-Based Compensation (Summa

Stock-Based Compensation (Summarizes Of Restricted Stock Award Activity) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Stock-Based Compensation [Abstract]
Outstanding, beginning balance (shares)	365,868	182,774
Granted (shares)	500,574	250,380	182,998
Vested (shares)	(141,141)	(60,609)
Forfeited (shares)	(28,885)	(6,677)	(224)
Outstanding, ending balance (shares)	696,416	365,868	182,774
Outstanding, beginning balance (Weighted average date grant fair value)	$ 20.78	$ 19.57
Granted (Weighted average grant date fair value)	16.92	21.34	$ 19.56
Vested (Weighted average grant date fair value)	20.62	19.58
Forfeited (Weighted average grant date fair value)	17.42	19.59	$ 16.94
Outstanding, ending balance (Weighted average date grant fair value)	$ 18.18	$ 20.78	$ 19.57

Earnings Per Share (Schedule Of

Earnings Per Share (Schedule Of Earnings Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Apr. 30, 2013	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Numerator
Net income	$ 13,158	$ 10,583	$ 9,798	$ 6,351	$ 7,189	$ 4,127	$ 5,338	$ 3,368	$ 4,030	$ 8,401	$ 39,890	$ 20,022	$ 12,431
Less: Net income attributable to the non-controlling interests													(52)
Less: Undistributed earnings allocated to participating securities											(1,323)	(296)	(104)
Net income allocable to common stockholders											$ 38,567	$ 19,726	$ 12,275
Denominator
Weighted average common shares outstanding - basic and diluted:											20,569,012	19,226,504	12,873,562
Earnings per share:
Basic and diluted	$ 0.62	$ 0.50	$ 0.46	$ 0.30	$ 0.34	$ 0.19	$ 0.30	$ 0.20			$ 1.88	$ 1.03	$ 0.95

Related-Party Transactions - Na

Related-Party Transactions - Narrative (Detail) $ in Thousands	4 Months Ended	12 Months Ended			96 Months Ended
	Apr. 30, 2013USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)property	Dec. 31, 2012USD ($)
Related Party Transaction [Line Items]
Members contribution to membership interests	$ 3,708
Distributions to members	$ 3,830
Gross margin benefit		$ 1,800	$ 2,100	$ 4,300
Carrying basis of lots before development costs		$ 1,000	$ 1,500
Management fees				$ 200
Related Party [Member]
Related Party Transaction [Line Items]
Number of unfinished lots | property				92
Number of finished lots | property				82
Payment to acquire land				$ 4,800	$ 9,800
Distributions to members				3,800
Carrying basis of lots before development costs				1,000
Waterside at Highland Park, LLC [Member]
Related Party Transaction [Line Items]
Members contribution to membership interests				$ 3,700
Connection With Private Placement [Member]
Related Party Transaction [Line Items]
Number of unfinished lots | property				699
Number of finished lots | property				335
Payment to acquire land				$ 34,000

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Commitments and Contingencies [Abstract]
Outstanding letters of credit and performance bonds	$ 63.6	$ 34

Results of Quarterly Operatio81

Results of Quarterly Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Apr. 30, 2013	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Results Of Quarterly Operations [Abstract]
Home sales revenues	$ 204,519	$ 179,775	$ 186,808	$ 154,335	$ 134,089	$ 90,735	$ 77,328	$ 49,671			$ 725,437	$ 351,823	$ 171,133
Gross margin from home sales revenues	41,799	38,323	36,583	29,529	24,070	19,839	19,131	12,397
Iincome before tax expense	20,405	15,945	14,431	9,524	11,017	6,697	8,049	5,196			60,305	30,959	18,073
Net income	$ 13,158	$ 10,583	$ 9,798	$ 6,351	$ 7,189	$ 4,127	$ 5,338	$ 3,368	$ 4,030	$ 8,401	$ 39,890	$ 20,022	$ 12,431
Basic and diluted earnings per share	$ 0.62	$ 0.50	$ 0.46	$ 0.30	$ 0.34	$ 0.19	$ 0.30	$ 0.20			$ 1.88	$ 1.03	$ 0.95

Disposition of Golf Courses (Na

Disposition of Golf Courses (Narrative) (Details) - USD ($) $ in Thousands	May. 26, 2015	Dec. 31, 2015	May. 19, 2015
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date of balloon payment		May 31, 2020
Tuscany Golf Course [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total consideration amount	$ 4,000
Cash from total consideration amount	1,000
Secured note from total consideration amount	3,000
Gain on sale	$ 2
Secured note interest, minimum	4.50%
Secured note interest, maximum	5.50%
Term of payments for principal and interest		monthly
Balloon payment of secure note	$ 2,500
Rhodes Ranch Golf Course [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Put Option [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total consideration amount			$ 5,900
Expiration date of put option		Jun. 1, 2016

Supplemental Guarantor Inform83

Supplemental Guarantor Information (Narrative) (Details) - USD ($)	1 Months Ended
	Oct. 31, 2015	Feb. 28, 2015	Dec. 31, 2015
Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate			6.875%
Exchange Notes [Member]
Debt Instrument [Line Items]
Principal amount		$ 200,000,000
Interest rate		6.875%
Maturity year		2,022
Additional Exchange Notes [Member]
Debt Instrument [Line Items]
Principal amount	$ 60,000,000
Interest rate	6.875%
Maturity year	2,022

Supplemental Guarantor Inform84

Supplemental Guarantor Information (Supplemental Condensed Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Apr. 30, 2013	Dec. 31, 2012
Assets
Cash and cash equivalents	$ 29,287	$ 33,462	$ 109,998		$ 4,980
Accounts receivable	17,058	13,799
Inventories	810,137	556,323
Prepaid expenses and other assets	26,735	23,433
Property and equipment, net	8,375	12,471
Deferred tax asset, net		1,359
Amortizable intangible assets, net	4,784	8,632
Goodwill	21,365	21,137
Total Assets	917,741	670,616
Liabilities:
Accounts payable	10,967	17,135
Accrued expenses and other liabilities	106,777	64,029
Deferred tax liability, net	275			$ 600
Notes payable and revolving line of credit	390,243	224,247
Total liabilities	508,262	305,411
Total stockholders' equity	409,479	365,205	271,556	$ 38,660	24,561
Total liabilities and stockholders' equity	917,741	670,616
Parent [Member]
Assets
Cash and cash equivalents	22,002	22,710	106,614		4,146
Accounts receivable	1,239	1,202
Investment in subsidiaries	777,898	558,177
Prepaid expenses and other assets	3,727	1,923
Property and equipment, net	857	641
Deferred tax asset, net		1,359
Total Assets	805,723	586,012
Liabilities:
Accounts payable		70
Accrued expenses and other liabilities	9,154	7,495
Deferred tax liability, net	275
Notes payable and revolving line of credit	386,815	213,242
Total liabilities	396,244	220,807
Total stockholders' equity	409,479	365,205
Total liabilities and stockholders' equity	805,723	586,012
Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	7,285	10,752	$ 3,384		211
Accounts receivable	15,819	12,597
Inventories	810,137	556,323
Prepaid expenses and other assets	23,008	21,510
Property and equipment, net	7,518	11,830
Amortizable intangible assets, net	4,784	8,632
Goodwill	21,365	21,137
Total Assets	889,916	642,781
Liabilities:
Accounts payable	10,967	17,065
Accrued expenses and other liabilities	97,623	56,534
Notes payable and revolving line of credit	3,428	11,005
Total liabilities	112,018	84,604
Total stockholders' equity	777,898	558,177
Total liabilities and stockholders' equity	889,916	642,781
Non-Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents					$ 623
Elimination Entries [Member]
Assets
Investment in subsidiaries	(777,898)	(558,177)
Total Assets	(777,898)	(558,177)
Liabilities:
Total stockholders' equity	(777,898)	(558,177)
Total liabilities and stockholders' equity	$ (777,898)	$ (558,177)

Supplemental Guarantor Inform85

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement Of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended								4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Apr. 30, 2013	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues
Home sales revenues	$ 204,519	$ 179,775	$ 186,808	$ 154,335	$ 134,089	$ 90,735	$ 77,328	$ 49,671			$ 725,437	$ 351,823	$ 171,133
Land sales revenues											3,405	4,800
Golf course and other revenue											5,647	5,769
Total revenue											734,489	362,392	171,133
Cost of home sales revenues											579,203	276,386	129,651
Cost of land sales revenues											3,395	1,808
Cost of golf course and other revenue											5,037	6,301
Selling, general, and administrative											87,840	46,795	23,622
Total operating costs and expenses											675,475	331,290	153,273
Operating income											59,014	31,102	17,860
Other income (expense):
Interest income											129	362	228
Interest expense											(10)	(26)
Acquisition expense											(491)	(1,414)	(533)
Other income											1,535	736	507
Gain on disposition of assets											128	199	11
Income before income tax expense	20,405	15,945	14,431	9,524	11,017	6,697	8,049	5,196			60,305	30,959	18,073
Income tax expense (benefit)											20,415	10,937	5,642
Consolidated net income of Century Communities, Inc.	$ 13,158	$ 10,583	$ 9,798	$ 6,351	$ 7,189	$ 4,127	$ 5,338	$ 3,368	$ 4,030	$ 8,401	39,890	20,022	12,431
Net income attributable to the non-controlling interests													52
Net income attributable to common stockholders											39,890	20,022	12,379
Parent [Member]
Revenues
Selling, general, and administrative											18,013	12,185	8,571
Total operating costs and expenses											18,013	12,185	8,571
Operating income											(18,013)	(12,185)	(8,571)
Other income (expense):
Equity in earnings from consolidated subsidiaries											51,197	28,729	19,600
Interest income											44	359	228
Acquisition expense											(491)	(1,414)	(533)
Income before income tax expense											32,737	15,489	10,724
Income tax expense (benefit)											(7,153)	(4,533)	(1,707)
Consolidated net income of Century Communities, Inc.											39,890	20,022	12,431
Net income attributable to the non-controlling interests													52
Net income attributable to common stockholders													12,379
Guarantor Subsidiaries [Member]
Revenues
Home sales revenues											725,437	351,823	170,565
Land sales revenues											3,405	4,800
Golf course and other revenue											5,647	5,769
Total revenue											734,489	362,392	170,565
Cost of home sales revenues											579,203	276,386	129,253
Cost of land sales revenues											3,395	1,808
Cost of golf course and other revenue											5,037	6,301
Selling, general, and administrative											69,827	34,610	14,933
Total operating costs and expenses											657,462	319,105	144,186
Operating income											77,027	43,287	26,379
Other income (expense):
Interest income											85	3
Interest expense											(10)	(26)
Other income											1,535	736	507
Gain on disposition of assets											128	199	11
Income before income tax expense											78,765	44,199	26,897
Income tax expense (benefit)											27,568	15,470	7,349
Consolidated net income of Century Communities, Inc.											51,197	28,729	19,548
Net income attributable to the non-controlling interests													0
Net income attributable to common stockholders													19,548
Non-Guarantor Subsidiaries [Member]
Revenues
Home sales revenues													568
Total revenue													568
Cost of home sales revenues													398
Selling, general, and administrative													118
Total operating costs and expenses													516
Operating income													52
Other income (expense):
Income before income tax expense													52
Consolidated net income of Century Communities, Inc.													52
Net income attributable to common stockholders													52
Elimination Entries [Member]
Other income (expense):
Equity in earnings from consolidated subsidiaries											(51,197)	(28,729)	(19,600)
Income before income tax expense											(51,197)	(28,729)	(19,600)
Consolidated net income of Century Communities, Inc.											$ (51,197)	$ (28,729)	(19,600)
Net income attributable to common stockholders													$ (19,600)

Supplemental Guarantor Inform86

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement Of Cash Flows) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating activities
Net cash used in operating activities	$ (162,734)	$ (129,671)	$ (67,498)
Investing activities
Net cash used in investing activities	(4,232)	(233,712)	(16,258)
Financing activities
Borrowings under revolving credit facilities	180,000	119,000	26,671
Payments on revolving credit facilities	(65,000)	(99,000)	(47,044)
Proceeds from issuance of senior notes	58,956	198,478
Proceeds from issuances of notes payable	1,169	6,760	5,763
Principal payments on notes payable	(8,656)	(3,083)	(17,096)
Debt issuance costs	(2,817)	(6,783)
Repurchases of common stock upon vesting of restricted stock awards	(861)	(386)
Net proceeds from issuances of common stock		81,564	223,760
Repurchases of common stock		(9,746)
Excess tax benefit on stock-based compensation		43
Contributions from members			1,500
Distributions to members			(3,830)
Distributions to noncontrolling interest			(950)
Net cash provided by financing activities	162,791	286,847	188,774
Net increase (decrease) in cash and cash equivalents	(4,175)	(76,536)	105,018
Cash and cash equivalents, Beginning of period	33,462	109,998	4,980
Cash and cash equivalents, End of period	29,287	33,462	109,998
Parent [Member]
Operating activities
Net cash used in operating activities	(3,742)	(7,783)	(976)
Investing activities
Net cash used in investing activities	(167,244)	(359,291)	(96,663)
Financing activities
Borrowings under revolving credit facilities	180,000	119,000	26,671
Payments on revolving credit facilities	(65,000)	(99,000)	(47,044)
Proceeds from issuance of senior notes	58,956	198,478
Debt issuance costs	(2,817)	(6,783)
Repurchases of common stock upon vesting of restricted stock awards	(861)	(386)
Net proceeds from issuances of common stock		81,564	223,760
Repurchases of common stock		(9,746)
Excess tax benefit on stock-based compensation		43
Contributions from members			1,500
Distributions to members			(3,830)
Distributions to noncontrolling interest			(950)
Net cash provided by financing activities	170,278	283,170	200,107
Net increase (decrease) in cash and cash equivalents	(708)	(83,904)	102,468
Cash and cash equivalents, Beginning of period	22,710	106,614	4,146
Cash and cash equivalents, End of period	22,002	22,710	106,614
Guarantor Subsidiaries [Member]
Operating activities
Net cash used in operating activities	(158,992)	(121,888)	(69,865)
Investing activities
Net cash used in investing activities	(3,839)	(233,001)	(16,258)
Financing activities
Proceeds from issuances of notes payable	1,169	6,760	5,763
Principal payments on notes payable	(8,656)	(3,083)	(17,096)
Payments from (and advances to) parent/subsidiary	166,851	358,580	100,629
Net cash provided by financing activities	159,364	362,257	89,296
Net increase (decrease) in cash and cash equivalents	(3,467)	7,368	3,173
Cash and cash equivalents, Beginning of period	10,752	3,384	211
Cash and cash equivalents, End of period	7,285	10,752	3,384
Non-Guarantor Subsidiaries [Member]
Operating activities
Net cash used in operating activities			3,343
Financing activities
Payments from (and advances to) parent/subsidiary			(3,966)
Net cash provided by financing activities			(3,966)
Net increase (decrease) in cash and cash equivalents			(623)
Cash and cash equivalents, Beginning of period			623
Elimination Entries [Member]
Investing activities
Net cash used in investing activities	166,851	358,580	96,663
Financing activities
Payments from (and advances to) parent/subsidiary	(166,851)	(358,580)	(96,663)
Net cash provided by financing activities	$ (166,851)	$ (358,580)	$ (96,663)