Century Communities (CCS) 10-Q 5 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Apr. 27, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Entity Registrant Name	Century Communities, Inc.
Entity Central Index Key	1,576,940
Entity Filer Category	Accelerated Filer
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Trading Symbol	ccs
Entity Common Stock, Shares Outstanding		22,290,889

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 23,465	$ 29,450
Cash held in escrow	17,216	20,044
Accounts receivable	7,037	5,729
Inventories	884,072	857,885
Prepaid expenses and other assets	40,259	40,457
Property and equipment, net	11,365	11,412
Investment in unconsolidated subsidiaries	18,680	18,275
Amortizable intangible assets, net	2,567	2,911
Goodwill	21,365	21,365
Total Assets	1,026,026	1,007,528
Liabilities:
Accounts payable	8,280	15,708
Accrued expenses and other liabilities	72,883	62,314
Deferred tax liability, net	450	1,782
Notes payable and revolving line of credit	447,948	454,088
Total liabilities	529,561	533,892
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, 22,291,222 and 21,620,544 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	223	216
Additional paid-in capital	369,590	355,567
Retained earnings	126,652	117,853
Total stockholders' equity	496,465	473,636
Total liabilities and stockholders' equity	$ 1,026,026	$ 1,007,528

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
Condensed 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	22,291,222	21,620,544
Common stock shares outstanding	22,291,222	21,620,544

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues
Home sales revenues	$ 226,420	$ 181,081
Land sales and other revenues	1,896	3,015
Homebuilding revenues	228,316	184,096
Financial services revenue
Total revenues	228,316	184,096
Homebuilding Cost of Revenues
Cost of home sales revenues	(182,324)	(144,353)
Costs of land sales and other revenues	(1,144)	(2,542)
Homebuilding cost of revenues	(183,468)	(146,895)
Financial services costs	(754)
Selling, general, and administrative	(33,212)	(25,185)
Equity in income of unconsolidated subsidiaries	1,255
Other income (expense)	(86)	413
Income before income tax expense	12,051	12,429
Income tax expense	(3,252)	(4,446)
Net income	$ 8,799	$ 7,983
Earnings per share:
Basic	$ 0.40	$ 0.38
Diluted	$ 0.40	$ 0.38
Weighted average common shares outstanding:
Basic	21,512,289	20,626,451
Diluted	21,722,540	20,645,247

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating activities
Net income	$ 8,799	$ 7,983
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	1,383	1,404
Stock-based compensation expense	1,911	1,715
Deferred income taxes	(1,331)	137
Distribution of income from unconsolidated subsidiaries	852
Equity in income of unconsolidated subsidiaries	(1,255)
Gain (loss) on disposition of assets	59	(220)
Changes in assets and liabilities:
Cash held in escrow	2,828	(2,317)
Accounts receivable	(1,309)	2,183
Inventories	(21,254)	(51,637)
Prepaid expenses and other assets	47	347
Accounts payable	(7,429)	2,571
Accrued expenses and other liabilities	6,237	270
Net cash used in operating activities	(10,462)	(37,564)
Investing activities
Purchases of property and equipment	(1,052)	(2,784)
Proceeds from sale of assets		636
Proceeds from secured note receivable	25	24
Net cash used in investing activities	(1,027)	(2,124)
Financing activities
Borrowings under revolving credit facilities	45,000	50,000
Payments on revolving credit facilities	(175,000)	(25,000)
Proceeds from issuance of senior notes	127,500
Principal payments on notes payable	(1,582)	(515)
Debt issuance costs	(2,533)
Net proceeds from issuances of common stock	15,023
Repurchases of common stock upon vesting of restricted stock awards	(2,904)	(254)
Repurchases of common stock under our stock repurchase program		(2,393)
Net cash provided by financing activities	5,504	21,838
Net decrease in cash and cash equivalents	(5,985)	(17,850)
Cash and cash equivalents, Beginning of period	29,450	29,287
Cash and cash equivalents, End of period	$ 23,465	11,437
Supplemental cash flow disclosure
Cash paid for income taxes		$ 582

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Basis of Presentation [Abstract]
Basis of Presentation	1. Basis of Presentation Century Communities, Inc. (which we refer to as “we,” “CCS,” 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, Salt Lake City, Utah , Atlanta, Georgia, and Charlotte, North Carolina. In many of our projects, in addition to building homes, we are responsible for the entitlement and development of the underlying land. Our homebuilding operations are organized into the following seven operating segments based on the geographic markets in which we operate: Atlanta, Central Texas, Charlotte, Colorado, Houston, Nevada, and Utah. Additionally, our indirect wholly owned subsidiaries Inspire Home Loans Inc. and Parkway Title, LLC, which provide mortgage and title services to our home buyers, respectively, have been identified as our Financial Services operating segment. The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (which we refer to as “GAAP”) for interim financial statements and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (which we refer to as the “SEC”). In the o pinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments consisting of normal recurring adjustments necessary for a fair presentation of its financial position and results of operations. Interim results of operations are not necessarily indicative of the results that may be achieved for the full year. The financial statements and related notes do not include all information and footnotes required by GAAP and should be read in conjunction with the consolidated financial statements for the year ended December 31, 2016, which are included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2016 that was filed with the SEC on February 15, 2017. Principles of Consolidation The consolidated financial statements include the accounts of the Company, as well as all subsidiaries in which we have a controlling interest, and variable interest entities for which the Company is deemed to be the primary beneficiary. All intercompany accounts and transactions have been eliminated. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Accordingly, actual results could differ from those estimates. Reclassification C ertain items on the March 31, 2016 Condensed Consolidated Statement of Operations have been reclassified to conform to our current presentation. We have included “Golf course and other revenue” with “Land sales and other revenues”; we have included “Cost of golf course and other revenue” with “Cost of land sales and other revenues”; and we have combined “Interest income,” “Interest expense,” Acquisition expense,” and “Gain on disposition of assets” into “Other income (expense)” in our current presentation. Recently Issued Accounting Standards In August 2015, the Financial Accounting Standards Board (which we refer to as “FASB”) issued ASU 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)” and will be effective for the Company beginning on January 1, 2018, including interim reporting periods within that period. Early adoption is permitted as of annual reporting periods beginning after December 15, 2016. We plan to adopt ASU 2015-14 on January 1, 2018 under the modified retrospective approach. We plan to adopt ASU 2015-14 using the modified retrospective approach. We do not believe that there will be a material impact on the amount or timing in recording home sales revenues as a result of adopting ASU 2015-14. We will continue to evaluate the impact that the adoption of ASU 2015-14 will have on other aspects of our business and to our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” ASU 2016-02 requires the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous GAAP. ASU 2016-02 is effective for the Company beginning January 1, 2019 and interim periods within the annual periods. We are currently evaluating the impact ASU 2016-02 will have on our consolidated financial statements.  In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” ASU 2016-09 simplifies several aspects of the accounting for share-based payment transactions including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for the Company beginning January 1, 2017 and interim periods within the annual periods. We have adopted this standard and as a result have realized excess tax benefits of $0.8 million, which is included as a reduction to “Income tax expense” in our Condensed Consolidated Statements of Operations. Our calculation of earnings per share was also modified to reflect a change to exclude excess tax benefits from assumed proceeds in our computation of diluted shares outstanding under the treasury method. We have elected to continue to estimate forfeitures in recognizing the expense for our equity awards. Employee taxes paid by withholding shares on vesting of stock compensation are classified as a financing activity in our Condensed Consolidated Statement s of Cash Flows.  In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows- Classification of Certain Cash Receipts and Cash Payments.” ASU 2016-15 consists of eight provisions that provide guidance on the classification of certain cash receipts and cash payments in the statement of cash flows. ASU 2016-15 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2017 . We are currently evaluating the impact ASU 2016-15 will have on our consolidated financial statements.  In January 2017, the FASB issued ASU 2017-04, “Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” ASU 2017-04 requires only a one-step quantitative impairment test, whereby a goodwill impairment loss will be measured as the excess of a reporting unit’s carrying amount over its fair value. It eliminates Set 2 of the current two-step goodwill impairment test. ASU 2017-04 is effective for annual reporting periods in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. We currently do not plan to adopt ASU 2017-04 early and are currently evaluating the impact it will have on our consolidated financial statements. 

Reporting Segments

Reporting Segments	3 Months Ended
	Mar. 31, 2017
Reporting Segments [Abstract]
Reporting Segments	2. Reporting Segments Our homebuilding operations are organized into the following seven operating segments based on the geographic markets in which we operate: Atlanta, Central Texas, Charlotte, Colorado, Houston, Nevada , and Utah. We have also identified our Financial Services operations, which provide mortgage and title services to our homebuyers as an eighth reportable segment. 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. Our homebuilding reportable segments are engaged in the development, design, construction, marketing and sale of single-family attached and detached homes. Our chief operating decision makers, the Co-CEO’s of our Company, primarily rely on total revenue and income before income tax expense to determine segment profitability. The following table summarizes total revenue and income before income tax expense by operating segment (in thousands):      Three Months Ended March 31,  2017 2016  Revenue:  Atlanta $ 75,390 $ 64,522  Central Texas 26,728 29,124  Charlotte — —  Colorado 85,591 68,846  Houston 4,162 7,475  Nevada 34,501 14,129  Utah 1,944 —  Financial services — —  Corporate — —  Total revenue $ 228,316 $ 184,096   Income (loss) before income tax expense:  Atlanta $ 5,916 $ 5,250  Central Texas 2,698 2,176  Charlotte (100) —  Colorado 11,654 10,843  Houston (867) (794)  Nevada 3,702 867  Utah (232) —  Financial Services (754) —  Corporate (9,966) (5,913)  Total income before income tax expense $ 12,051 $ 12,429  The following table summarizes total assets by operating segment (in thousands):    March 31, December 31,  2017 2016  Atlanta $ 269,766 $ 262,448  Central Texas 116,510 112,612  Charlotte 7,181 4,907  Colorado 288,369 293,467  Houston 32,970 25,780  Nevada 232,782 231,057  Utah 24,081 17,133  Financial Services 6,415 —  Corporate 47,952 60,124  Total assets $ 1,026,026 $ 1,007,528 Corporate assets include certain cash and cash equivalents, our investment in unconsolidated subsidiaries, prepaid insurance, and deferred financing costs.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2017
Inventories [Abstract]
Inventories	 3. Inventories Inventories included the following (in thousands):     March 31, December 31,  2017 2016  Homes under construction $ 465,349 $ 455,454  Land and land development 387,010 373,496  Capitalized interest 31,713 28,935  Total inventories $ 884,072 $ 857,885

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets	3 Months Ended
	Mar. 31, 2017
Prepaid Expenses and Other Assets [Abstract]
Prepaid Expenses and Other Assets	4. Prepaid Expenses and Other Assets Prepaid expenses and other assets included the following (in thousands):     March 31, December 31,  2017 2016  Prepaid insurance $ 10,672 $ 12,236  Lot option and escrow deposits 12,634 12,320  Performance deposits 1,854 1,544  Deferred financing costs revolving line of credit, net 2,545 2,637  Restricted cash 1,851 1,505  Secured note receivable 2,825 2,850  Assets held for sale 5,840 5,857  Other 2,038 1,508  Total prepaid expenses and other assets $ 40,259 $ 40,457

Investment in Unconsolidated Su

Investment in Unconsolidated Subsidiaries	3 Months Ended
	Mar. 31, 2017
Investment in Unconsolidated Subsidiaries [Abstract]
Investment in Unconsolidated Subsidiaries	5. Investment in Unconsolidated Subsidiaries On November 1, 2016, we acquired a 50% ownership of WJH LLC (which we refer to as “WJH”), which is the successor to Wade Jurney Homes, Inc. and Wade Jurney of Florida, Inc., for $15.0 million, of which $1.0 million is held by the Company for potential indemnification claims for a period of eighteen months following the closing. WJH primarily targets first-time homebuyers in the Southeastern United States. As a result of the transaction, we own 50% of WJH and Wade Jurney Jr., an individual, owns the other 50% interest. Each party contributed an additional $3.0 million in capital to WJH upon its formation and we incurred $0.1 million in related acquisition costs. The Company and Wade Jurney Jr. share responsibility for all of WJH’s strategic decisions, with Wade Jurney Jr. continuing to manage the day-to-day operations under the existing operating model. Our investment in WJH is treated as an unconsolidated investment under the equity method of accounting.  As of March 31, 2017, our investment in WJH was $18.7 million and we recognized $1.3 million of equity in income of unconsolidated subsidiaries during the three months ended March 31, 2017. During the three months ended March 31, 2017, we received an operating distribution of $0.9 million from WJH. 

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	3 Months Ended
	Mar. 31, 2017
Accrued Expenses and Other Liabilities [Abstract]
Accrued Expenses and Other Liabilities	 6. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities included the following (in thousands):     March 31, December 31,  2017 2016  Earnest money deposits $ 9,495 $ 7,304  Warranty reserve 2,731 2,479  Accrued compensation costs 6,874 12,603  Land development and home construction accruals 36,855 31,486  Accrued interest 10,294 3,039  Income taxes payable 2,406 783  Liabilities related to assets held for sale 245 193  Other 3,983 4,427  Total accrued expenses and other liabilities $ 72,883 $ 62,314 

Warranties

Warranties	3 Months Ended
	Mar. 31, 2017
Warranties [Abstract]
Warranties	7. 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 $0.3 million during the three months ended March 31, 2017 , which is included as a reduction to cost of homes sales revenues on our consolidated statement of operations. The following table summarizes the changes in our warranty accrual (in thousands):    Three Months Ended March 31,  2017 2016  Beginning balance $ 2,479 $ 2,622  Warranty expense provisions 878 570  Payments (370) (265)  Warranty adjustment (256) (385)  Ending balance $ 2,731 $ 2,542

Notes Payable and Revolving Lin

Notes Payable and Revolving Line of Credit	3 Months Ended
	Mar. 31, 2017
Notes Payable and Revolving Line of Credit [Abstract]
Notes Payable and Revolving Line of Credit	8. Notes Payable and Revolving Line of Credit Notes payable and revolving line of credit included the following (in thousands):    March 31, December 31,  2017 2016  6.875% senior notes $ 378,531 $ 253,089  Revolving line of credit 65,000 195,000  Insurance premium notes 4,417 5,999  Total notes payable and revolving line of credit $ 447,948 $ 454,088    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 “April 2015 Senior Notes”) in reliance on Rule 144A and Regulation S under the Securities Act. The April 2015 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 April 2015 Senior Notes are additional notes issued under the indenture pursuant to which the Initial Exchange 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 “October 2015 Exchange Notes”), for all of the April 2015 Senior Notes. The terms of the October 2015 Exchange Notes are identical in all material respects to the April 2015 Senior Notes, except that the October 2015 Exchange Notes are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions applicable to the April 2015 Senior Notes do not apply to the October 2015 Exchange Notes. In January 2017, we completed a private offering of an additional $125 million in aggregate principal amount of our 6.875% senior notes due 2022 (which we refer to as the “January 2017 Senior Notes”) in reliance on Rule 144A and Regulation S under the Securities Act. The January 2017 Senior Notes are additional notes issued under the Indenture pursuant to which the Initial Exchange Notes and the October 2015 Exchange Notes (collectively, the “Existing Notes”) were issued. The January 2017 Senior Notes and the Existing Notes will be treated as a single series of notes under the Indenture, and will vote as a single class of notes for all matters submitted to a vote of holders under the Indenture. The January 2017 Senior Notes and the Existing Notes are unsecured senior obligations which are guaranteed on an unsecured senior basis by certain of our current and future subsidiaries. The January 2017 Senior Notes and the Existing Notes contain certain restrictive covenants on issuing future secured debt and other transactions. The aggregate principal balance of the January 2017 Senior Notes and Existing 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, as modified as described below, we refer to as the “Credit Agreement”). The Credit Agreement provided us with a revolving line of credit of up to $120 million (which, as modified as described below, we refer to as the “Revolving Credit Facility”). Under the terms of the Credit Agreement, we were 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 were 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 increase in the size of the Revolving Credit Facility that we had the option to request, from time to time, 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 further 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. On August 19, 2016, we entered into a Third Modification Agreement with Texas Capital Bank, National Association, as Administrative Agent, the lenders party thereto, and our subsidiary guarantors party thereto, which further modified the Credit Agreement. The Third Modification Agreement, among other things, (i) increased the Revolving Credit Facility from $300 million to $380 million through our exercise of $80 million of the accordion feature of the Credit Agreement, (ii) admitted Citibank, N.A. and Flagstar Bank, FSB as new lenders under the Revolving Credit Facility, (iii) increased certain lenders’ respective commitments to the Revolving Credit Facility, and (iv) extended the term of the Revolving Credit Facility by one year to mature on October 21, 2019 . On February 24, 2017, we entered into a Commitment Increase Agreement with Texas Capital Bank, National Association, as Administrative Agent, Flagstar Bank, FSB (“Flagstar”), and our subsidiary guarantors party thereto. The Commitment Increase Agreement supplements the Credit Agreement, and (i) increased the Revolving Credit Facility from $380 million to $400 million through our exercise of the remaining $20 million of the accordion feature of the Credit Agreement, and (ii) increased Flagstar’s commitment to the Credit Facility. Unless terminated earlier, the principal amount under the Revolving Credit Facility, together with all accrued unpaid interest and other amounts owing thereunder, if any, will be payable in full on October 21, 2019, the maturity date of the Revolving Credit Facility. Borrowings under the Revolving Credit Facility bear interest at a floating rate equal to the London Interbank Offered Rate 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 our tangible net worth. As of March 31, 2017, we were in compliance with all covenants under the Credit Agreement. As of March 31, 2017, we had $65.0 million outstanding under the Credit Agreement. Other financing obligations As of March 31, 2017, we had one insurance premium note with an outstanding balance of $4.4 million, which matures in December 2017 and bears interest at a rate of 3.88% . During the three months ended March 31, 2017, we repaid one insurance premium note with an outstanding balance of $0.1 million. As of December 31, 2016, we had an aggregate of $6.0 million of outstanding insurance premium notes.

Interest

Interest	3 Months Ended
	Mar. 31, 2017
Interest [Abstract]
Interest	9. Interest Interest is capitalized to inventories while the related communities are being actively developed and until homes are completed. As our qualifying assets exceeded our outstanding debt during the three months ended March 31, 2017 and 2016, we capitalized all interest costs incurred during these periods, except for interest incurred on capital leases of equipment related to our golf course operations. Our interest costs are as follows (in thousands):    Three Months Ended March 31,  2017 2016  Interest capitalized beginning of period $ 28,935 $ 21,533  Interest capitalized during period 7,734 6,380  Less: capitalized interest in cost of sales (4,956) (3,067)  Interest capitalized end of period $ 31,713 $ 24,846 

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2017
Income Taxes [Abstract]
Income Taxes	10 . Income Taxes  At the end of each interim period we are required to estimate our annual effective tax rate for the fiscal year, and to use that rate to provide for income taxes for the current year-to-date reporting period. Our 2017 estimated annual effective tax rate of 34.4% is driven by our blended federal and state statutory rate of 37.4% , which is partially offset by estimated benefits of 3.0% primarily from additional deductions for tax related to domestic production activities. During the three months ended March 31, 2017, we also recorded a discrete item for excess tax benefits related to share based awards that vested in the first quarter of 2017, which benefited our effective tax rate by 6.7% .  For the three months ended March 31, 2017 and 2016, we recorded income tax expense of $3.3 million and $4.4 million, respectively. 

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Disclosures	11. Fair Value Disclosures Accounting Standards Codification Topic 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):    March 31, 2017 December 31, 2016  Hierarchy Carrying Fair Value Carrying Fair Value  Secured note receivable (1) Level 2 $ 2,825 $ 2,807 $ 2,850 $ 2,828   6.875% senior notes (2) Level 2 $ 378,531 $ 391,821 $ 253,089 $ 260,090  Revolving line of credit (3) Level 2 65,000 65,000 195,000 195,000  Insurance premium notes (3) Level 2 4,417 4,417 5,999 5,999  Total notes payable and revolving line of credit $ 447,948 $ 461,238 $ 454,088 $ 461,089 (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 March 31, 2017 and December 31, 2016 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 March 31, 2017 and December 31, 2016 incorporated recent trading activity in inactive markets. (3) Carrying amount approximates fair value due to short-term nature and interest rate terms. The carrying amount of cash and cash equivalents approximates fair value. Non-financial assets and liabilities include items such as inventory and long-lived assets that are measured at fair value when acquired and resulting from impairment, if deemed necessary.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2017
Stock-Based Compensation [Abstract]
Stock-Based Compensation	12. Stock-Based Compensation During the three months ended March 31, 2017, we granted 0.2 million shares of restricted stock units with a weighted average grant date fair value of $22.96 per share. Such restricted stock units vest over a one or three year period from the grant date. A summary of our outstanding awards of restricted common stock and restricted stock units are as follows (in thousands, except years):    As of March 31, 2017  Restricted Stock Awards Restricted Stock Units Total  Unvested awards/units 222 537 759  Unrecognized compensation cost $ 2,259 $ 8,028 $ 10,287  Period to recognize compensation cost 0.8 years 2.0 years 1.7 years (average) During the three months ended March 31, 2017 and 2016 , we recognized stock-based compensation, of $1. 9 million and $ 1. 7 million, respectively. Stock-based compensation expense is included in selling, general, and administrative on our consolidated statements of operations.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2017
Stockholders' Equity [Abstract]
Stockholders' Equity	13. Stockholders’ Equity Our authorized capital stock consists of 100.0 million shares of common stock, par value $ 0.01 per share, and 50.0 million shares of preferred stock, par value $ 0.01 per share. As of March 31, 201 7 and December 31, 201 6 , there were 22.3 million and 21.6 million shares of common stock issued and outstanding, respectively, inclusive of the restricted common stock issued . We issued 0.2 million shares of common stock related to the vesting of restricted stock awards during the three months ended March 31, 2017. We had reserved a total of 1.8 million shares of our common stock for issuance under our First Amended & Restated 2013 Long-Term Incentive Plan, of which, 0.5 million shares remain available for issuance as of March 31, 2017. On November 7, 2016, we entered into a Distribution Agreement (which we refer to as the “Distribution Agreement”) with J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Citigroup Global Markets Inc. (which we refer to collectively as the “Sales Agents”), relating to our common stock. Under the Distribution Agreement we are authorized to offer and sell shares of our common stock having an aggregate offering price of up to $50.0 million from time to time through any of our Sales Agents in “at the market” offerings. During the three months ended March 31, 2017, we sold and issued 0.6 million shares of our common stock under the Distribution Agreement, which provided net proceeds to us of $ 15.0 million.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share	14. Earnings Per Share We use the two-class method of calculating earnings per share (which we refer to as “EPS”) as our non-vested restricted stock awards have non-forfeitable rights to dividends and, accordingly, represent a participating security. The two-class method is an earnings allocation method under which EPS is calculated for each class of common stock and participating security considering both dividends declared (or accumulated) and participation rights in undistributed earnings as if all such earnings had been distributed during the period. We use the treasury stock method to calculate the dilutive effect of our restricted stock units as the restricted stock units do not have participating rights. The following table sets forth the computation of basic and diluted EPS for the three months ended March 31, 2017 and 2016 (in thousands, except share and per share information):   Three Months Ended  March 31,  2017 2016  Numerator  Net income $ 8,799 $ 7,983  Less: Undistributed earnings allocated to participating securities (117) (232)  Net income allocable to common stockholders $ 8,682 $ 7,751  Denominator  Weighted average common shares outstanding - basic 21,512,289 20,626,451  Dilutive effect of restricted stock units 210,251 18,796  Weighted average common shares outstanding - diluted 21,722,540 20,645,247  Earnings per share:  Basic $ 0.40 $ 0.38  Diluted $ 0.40 $ 0.38  We have excluded from diluted earnings per share the common unit equivalents related to 500 restricted stock units for the three months ended March 31, 2017, because their effect would be anti-dilutive.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies [Abstract]
Commitments and Contingencies	15. 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 March 31, 2017 and December 31, 2016 , we had $ 69.8 million and $ 70.1 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 our management that if the claims have merit, parties other than the Company would be, at least in part, liable for the claims, and eventual outcome of these claims will not have a material adverse effect upon our consolidated financial condition, results of operations, or cash flows. When we believe that a loss is probable and estimable, we record a charge to selling, general, and administrative on our consolidated statements of operations for our estimated loss. We do not believe that the ultimate resolution of any claims and lawsuits will have a material adverse effect upon our consolidated financial position, results of operations, or cash flow. 

Disposition of Golf Course

Disposition of Golf Course	3 Months Ended
	Mar. 31, 2017
Disposition of Golf Course [Abstract]
Disposition of Golf Course	16. Disposition of Golf Course We are currently marketing the golf course in our Rhodes Ranch golf community in our Nevada operating segment for sale and we believe the disposition is probable within one year. Accordingly, the assets and liabilities have continued to be classified as held for sale and presented in prepaid expenses and other assets and accrued expenses and other liabilities on our consolidated balance sheet as of March 31, 2017.

Supplemental Guarantor Informat

Supplemental Guarantor Information	3 Months Ended
	Mar. 31, 2017
Supplemental Guarantor Information [Abstract]
Supplemental Guarantor Information	17. Supplemental Guarantor Information In May 2014, we completed a private offering of $200.0 million in aggregate principal amount of our 6.875% senior 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 sold and issued in the May 2014 private offering. 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 “April 2015 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 “October 2015 Exchange Notes”), for all of the April 2015 Senior Notes. The terms of the October 2015 Exchange Notes are identical in all material respects to the April 2015 Senior Notes, except that the October 2015 Exchange Notes are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions applicable to the April 2015 Senior Notes do not apply to the October 2015 Exchange Notes. In January 2017, we completed a private offering of an additional $125 million in aggregate principal amount of our 6.875% senior notes due 2022 (which we refer to as the “January 2017 Senior Notes”) in reliance on Rule 144A and Regulation S under the Securities Act. The January 2017 Senior Notes are additional notes issued under the Indenture pursuant to which the Initial Exchange Notes and the October 2015 Exchange Notes (collectively, the “Existing Notes”) were issued. The January 2017 Senior Notes and the Existing Notes will be treated as a single series of notes under the Indenture, and will vote as a single class of notes for all matters submitted to a vote of holders under the Indenture. The January 2017 Senior Notes and the Existing 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 January 2017 Senior Notes and the Existing 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, the October 2015 exchange offer for the October 2015 Exchange Notes, and the issuance of the January 2017 Senior Notes, the Guarantors’ condensed financial information is presented as if the guarantees existed during the periods presented. If any Guarantors are released from the guarantees in future periods, the changes are reflected prospectively. 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 March 31, 2017 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Assets  Cash and cash equivalents $ 12,972 $ 4,590 $ 5,903 $ — $ 23,465  Cash held in escrow — 17,216 — — 17,216  Accounts receivable 115 6,781 141 — 7,037  Investment in consolidated subsidiaries 912,505 — — (912,505) —  Inventories — 884,072 — — 884,072  Prepaid expenses and other assets 12,759 27,277 223 — 40,259  Property and equipment, net 1,647 9,569 149 — 11,365  Investment in unconsolidated subsidiaries 18,680 — — — 18,680  Amortizable intangible assets, net — 2,567 — — 2,567  Goodwill — 21,365 — — 21,365  Total assets $ 958,678 $ 973,437 $ 6,416 $ (912,505) $ 1,026,026  Liabilities and stockholders’ equity  Liabilities:  Accounts payable $ (24) $ 8,283 $ 21 $ — $ 8,280  Accrued expenses and other liabilities 18,256 54,561 66 — 72,883  Deferred tax liability 450 — — — 450  Notes payable and revolving line of credit 443,531 4,417 — — 447,948  Total liabilities 462,213 67,261 87 — 529,561  Stockholders’ equity: 496,465 906,176 6,329 (912,505) 496,465  Total liabilities and stockholders’ equity $ 958,678 $ 973,437 $ 6,416 $ (912,505) $ 1,026,026    Supplemental Condensed Consolidated Balance Sheet  As of December 31, 2016 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS Assets  Cash and cash equivalents $ 14,637 $ 8,646 $ 6,167 $ — $ 29,450  Cash held in escrow — 20,044 — — 20,044  Accounts receivable 2,980 2,749 — — 5,729  Investment in consolidated subsidiaries 884,665 — — (884,665) —  Inventories — 857,885 — — 857,885  Prepaid expenses and other assets 14,628 25,662 167 — 40,457  Property and equipment, net 1,166 10,224 22 — 11,412  Investment in unconsolidated subsidiaries 18,275 — 18,275  Amortizable intangible assets, net — 2,911 — — 2,911  Goodwill — 21,365 — — 21,365  Total assets $ 936,351 $ 949,486 $ 6,356 $ (884,665) $ 1,007,528 Liabilities and stockholders’ equity Liabilities:  Accounts payable $ 257 $ 15,575 $ (124) $ — $ 15,708  Accrued expenses and other liabilities 12,587 49,697 30 — 62,314  Deferred tax liability 1,782 — — — 1,782  Notes payable and revolving line of credit 448,089 5,999 — — 454,088  Total liabilities 462,715 71,271 (94) — 533,892  Stockholders’ equity: 473,636 878,215 6,450 (884,665) 473,636  Total liabilities and stockholders’ equity $ 936,351 $ 949,486 $ 6,356 $ (884,665) $ 1,007,528        Supplemental Condensed Consolidated Statement of Operations  For the Three Months Ended March 31, 2017 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Revenues  Homebuilding revenues  Home sales revenues $ — $ 226,420 $ — $ — $ 226,420  Land sales and other revenues — 1,896 241 (241) 1,896  — 228,316 241 (241) 228,316  Financial services revenue  Total revenues — 228,316 241 (241) 228,316  Homebuilding cost of revenues  Cost of homes sales revenues — (182,324) — — (182,324)  Cost of land sales and other revenues — (1,144) — — (1,144)  — (183,468) — — (183,468)  Financial services costs — — (754) — (754)  Selling, general and administrative (9,948) (23,264) — — (33,212)  Equity in earnings from consolidated subsidiaries 13,541 — — (13,541) —  Equity in income from unconsolidated subsidiaries 1,255 — — — 1,255  Other income (expense) (474) 351 37 — (86)  Income before income tax expense 4,374 21,935 (476) (13,782) 12,051  Income tax expense 4,425 (7,677) — — (3,252)  Net income $ 8,799 $ 14,258 $ (476) $ (13,782) $ 8,799      Supplemental Condensed Consolidated Statement of Operations  For the Three Months Ended March 31, 2016 ( in thousands )   Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Revenues  Homebuilding revenues  Home sales revenues $ — $ 181,081 $ — $ — $ 181,081  Land sales and other revenues — 3,015 — — 3,015  — 184,096 — — 184,096  Financial services revenue — — — — —  Total revenues — 184,096 — — 184,096  Homebuilding cost of revenues  Cost of homes sales revenues — (144,353) — — (144,353)  Cost of land sales and other revenues — (2,542) — — (2,542)  — (146,895) — — (146,895)  Financial services costs — — — — —  Selling, general and administrative (5,392) (19,793) — — (25,185)  Equity in earnings from consolidated subsidiaries 11,689 — — (11,689) —  Other income (expense) (162) 575 — — 413  Income before income tax expense 6,135 17,983 — (11,689) 12,429  Income tax expense 1,848 (6,294) — — (4,446)  Net income $ 7,983 $ 11,689 $ — $ (11,689) $ 7,983          Supplemental Condensed Consolidated Statement of Cash Flows  For the Three Months Ended March 31, 2017 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Net cash provided by/(used in) operating activities $ (2,141) $ (7,588) $ (733) $ — $ (10,462)  Net cash used in investing activities $ (6,610) $ (298) $ (127) $ 6,008 $ (1,027)  Financing activities  Borrowings under revolving credit facilities $ 45,000 $ — $ — $ — $ 45,000  Payments on revolving credit facilities (175,000) — — — (175,000)  Proceeds from insurance notes payable 127,500 — — — 127,500  Principal payments on notes payable — (1,582) — — (1,582)  Debt issuance costs (2,533) — — — (2,533)  Repurchases of common stock upon vesting of restricted stock awards (2,904) — — — (2,904)  Payments from (and advances to) parent/subsidiary — 5,412 596 (6,008) —  Net proceeds from issuances of common stock 15,023 — — — 15,023  Net cash provided by financing activities $ 7,086 $ 3,830 $ 596 $ (6,008) $ 5,504  Net decrease in cash and cash equivalents $ (1,665) $ (4,056) $ (264) $ — $ (5,985)  Cash and cash equivalents  Beginning of period $ 14,637 $ 8,646 $ 6,167 $ — $ 29,450  End of period $ 12,972 $ 4,590 $ 5,903 $ — $ 23,465        Supplemental Condensed Consolidated Statement of Cash Flows For the Three Months Ended March 31, 2016 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Net cash provided by/(used in) operating activities $ 2,837 $ (40,401) $ — $ — $ (37,564)  Net cash used in investing activities $ (39,206) $ (1,915) $ — $ 38,997 $ (2,124) Financing activities  Borrowings under revolving credit facilities $ 50,000 $ — $ — $ — $ 50,000  Payments on revolving credit facilities (25,000) — — — (25,000)  Principal payments from notes payable — (515) — — (515)  Repurchases of common stock under our stock repurchase program (2,393) — — — (2,393)  Repurchases of common stock upon vesting of restricted stock awards (254) — — — (254)  Payments from (and advances to) parent/subsidiary — 38,997 — (38,997) —  Net cash provided by financing activities $ 22,353 $ 38,482 $ — $ (38,997) $ 21,838  Net decrease in cash and cash equivalents $ (14,016) $ (3,834) $ — $ — $ (17,850) Cash and cash equivalents  Beginning of period $ 22,002 $ 7,285 $ — $ — $ 29,287  End of period $ 7,986 $ 3,451 $ — $ — $ 11,437

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	18. Subsequent Events  On April 10, 2017, we and our wholly owned subsidiary, Casa Acquisitions Corp. (the “Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with UCP, Inc. Upon the terms and subject to the satisfaction of the conditions described in the Merger Agreement, including the adoption of the Merger Agreement by UCP, Inc.’s stockholders, UCP, Inc. will be merged with and into Merger Sub (the “Merger”), with Merger Sub surviving the Merger (the “Surviving Corporation”). As a result of the Merger, the Surviving Corporation, together with the legacy business and subsidiaries of UCP, Inc., will become our direct and indirect wholly-owned subsidiaries. Upon the effective time of the Merger , each issued and outstanding share of Class A Common Stock, par value $0.01 per share, of UCP, Inc. (the “UCP Class A Common Stock”) will be converted into the right to receive (i) $5.32 in cash, without any interest thereon, and (ii) 0.2309 of a duly authorized, fully paid and non-assessable share of our common stock. No fractional shares of our common stock will be issued in the Merger, and UCP, Inc.’s stockholders will receive cash in lieu of any fractional shares. We estimate that total value of the combined consideration of cash and equity will be approximately $213.4 million, exclusive of any debt which may be assumed. The Merger is currently expected to close by the end of the third quarter of 2017.  On April 10, 2017, Inspire Home Loans Inc. (“Inspire”), an indirect wholly-owned subsidiary of ours, entered into a Master Repurchase Agreement (the “Master Repurchase Agreement”) with Branch Banking and Trust Company, as the buyer thereunder (the “Buyer”). The Master Repurchase Agreement provides Inspire with a revolving mortgage loan repurchase facility of up to $25 million (the “Repurchase Facility”). The primary purpose of the Repurchase Facility is to provide financing and liquidity to Inspire by facilitating purchase transactions in which Inspire transfers eligible loans to the Buyer, against the transfer of funds by the Buyer, subject to a simultaneous agreement by the Seller to repurchase from the Buyer such eligible loans (i) upon written notice to the Buyer by Inspire, (ii) on a prescribed date in the future, (iii) upon the occurrence of prescribed events, or (iv) on the Termination Date (as defined below). The purchase transactions are based on and subject to the terms and conditions set forth in the Master Repurchase Agreement. The maximum aggregate amount of the Buyer’s commitment to fund purchase transactions under the Repurchase Facility is $25 million (the “Commitment”), subject to certain sublimits. The Repurchase Facility and the Buyer’s Commitment thereunder expires on the earlier of (i) April 9, 2018 , and (ii) the date when the Buyer’s Commitment is terminated pursuant to the Master Repurchase Agreement or by operation of law (the “Termination Date”). Amounts outstanding under the Repurchase Facility are not guaranteed by us or any of our subsidiaries. On April 26, 2017, we completed a registered exchange offer whereby all of the $125 million in aggregate principal amount of our 6.875% Senior Notes due 2022 that we issued in January 2017 (which we refer to as the “January 2017 Senior Notes”) were exchanged for new 6.875% Senior Notes due 2022 (which we refer to as the “April 2017 Notes”). The terms of the April 2017 Notes are identical in all material respects to the January 2017 Notes, except that the April 2017 Notes are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions that were applicable to the January 2017 Notes do not apply to the April 2017 Notes. 

Basis of Presentation (Policy)

Basis of Presentation (Policy)	3 Months Ended
	Mar. 31, 2017
Basis of Presentation [Abstract]
Basis of Presentation	Basis of Presentation Century Communities, Inc. (which we refer to as “we,” “CCS,” 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, Salt Lake City, Utah , Atlanta, Georgia, and Charlotte, North Carolina. In many of our projects, in addition to building homes, we are responsible for the entitlement and development of the underlying land. Our homebuilding operations are organized into the following seven operating segments based on the geographic markets in which we operate: Atlanta, Central Texas, Charlotte, Colorado, Houston, Nevada, and Utah. Additionally, our indirect wholly owned subsidiaries Inspire Home Loans Inc. and Parkway Title, LLC, which provide mortgage and title services to our home buyers, respectively, have been identified as our Financial Services operating segment. The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (which we refer to as “GAAP”) for interim financial statements and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (which we refer to as the “SEC”). In the o pinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments consisting of normal recurring adjustments necessary for a fair presentation of its financial position and results of operations. Interim results of operations are not necessarily indicative of the results that may be achieved for the full year. The financial statements and related notes do not include all information and footnotes required by GAAP and should be read in conjunction with the consolidated financial statements for the year ended December 31, 2016, which are included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2016 that was filed with the SEC on February 15, 2017.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company, as well as all subsidiaries in which we have a controlling interest, and variable interest entities for which the Company is deemed to be the primary beneficiary. All intercompany accounts and transactions have been eliminated.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Accordingly, actual results could differ from those estimates.
Reclassifications	Reclassification Certain items on the March 31, 2016 Condensed Consolidated Statement of Operations have been reclassified to conform to our current presentation. We have included “Golf course and other revenue” with “Land sales and other revenues”; we have included “Cost of golf course and other revenue” with “Cost of land sales and other revenues”; and we have combined “Interest income,” “Interest expense,” Acquisition expense,” and “Gain on disposition of assets” into “Other income (expense)” in our current presentation.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In August 2015, the Financial Accounting Standards Board (which we refer to as “FASB”) issued ASU 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)” and will be effective for the Company beginning on January 1, 2018, including interim reporting periods within that period. Early adoption is permitted as of annual reporting periods beginning after December 15, 2016. We plan to adopt ASU 2015-14 on January 1, 2018 under the modified retrospective approach. We plan to adopt ASU 2015-14 using the modified retrospective approach. We do not believe that there will be a material impact on the amount or timing in recording home sales revenues as a result of adopting ASU 2015-14. We will continue to evaluate the impact that the adoption of ASU 2015-14 will have on other aspects of our business and to our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” ASU 2016-02 requires the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous GAAP. ASU 2016-02 is effective for the Company beginning January 1, 2019 and interim periods within the annual periods. We are currently evaluating the impact ASU 2016-02 will have on our consolidated financial statements.  In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” ASU 2016-09 simplifies several aspects of the accounting for share-based payment transactions including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for the Company beginning January 1, 2017 and interim periods within the annual periods. We have adopted this standard and as a result have realized excess tax benefits of $0.8 million, which is included as a reduction to “Income tax expense” in our Condensed Consolidated Statements of Operations. Our calculation of earnings per share was also modified to reflect a change to exclude excess tax benefits from assumed proceeds in our computation of diluted shares outstanding under the treasury method. We have elected to continue to estimate forfeitures in recognizing the expense for our equity awards. Employee taxes paid by withholding shares on vesting of stock compensation are classified as a financing activity in our Condensed Consolidated Statement s of Cash Flows.  In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows- Classification of Certain Cash Receipts and Cash Payments.” ASU 2016-15 consists of eight provisions that provide guidance on the classification of certain cash receipts and cash payments in the statement of cash flows. ASU 2016-15 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2017. We are currently evaluating the impact ASU 2016-15 will have on our consolidated financial statements.  In January 2017, the FASB issued ASU 2017-04, “Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” ASU 2017-04 requires only a one-step quantitative impairment test, whereby a goodwill impairment loss will be measured as the excess of a reporting unit’s carrying amount over its fair value. It eliminates Set 2 of the current two-step goodwill impairment test. ASU 2017-04 is effective for annual reporting periods in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. We currently do not plan to adopt ASU 2017-04 early and are currently evaluating the impact it will have on our consolidated financial statements.

Reporting Segments (Tables)

Reporting Segments (Tables)	3 Months Ended
	Mar. 31, 2017
Reporting Segments [Abstract]
Schedule Of Home Sale Revenues And Pretax Income By Segment	   Three Months Ended March 31,  2017 2016  Revenue:  Atlanta $ 75,390 $ 64,522  Central Texas 26,728 29,124  Charlotte — —  Colorado 85,591 68,846  Houston 4,162 7,475  Nevada 34,501 14,129  Utah 1,944 —  Financial services — —  Corporate — —  Total revenue $ 228,316 $ 184,096   Income (loss) before income tax expense:  Atlanta $ 5,916 $ 5,250  Central Texas 2,698 2,176  Charlotte (100) —  Colorado 11,654 10,843  Houston (867) (794)  Nevada 3,702 867  Utah (232) —  Financial Services (754) —  Corporate (9,966) (5,913)  Total income before income tax expense $ 12,051 $ 12,429 
Schedule Of Total Assets By Segment	   March 31, December 31,  2017 2016  Atlanta $ 269,766 $ 262,448  Central Texas 116,510 112,612  Charlotte 7,181 4,907  Colorado 288,369 293,467  Houston 32,970 25,780  Nevada 232,782 231,057  Utah 24,081 17,133  Financial Services 6,415 —  Corporate 47,952 60,124  Total assets $ 1,026,026 $ 1,007,528 

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2017
Inventories [Abstract]
Schedule Of Inventories	   March 31, December 31,  2017 2016  Homes under construction $ 465,349 $ 455,454  Land and land development 387,010 373,496  Capitalized interest 31,713 28,935  Total inventories $ 884,072 $ 857,885 

Prepaid Expenses and Other As27

Prepaid Expenses and Other Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Prepaid Expenses and Other Assets [Abstract]
Schedule Of Prepaid Expenses And Other Assets	  March 31, December 31,  2017 2016  Prepaid insurance $ 10,672 $ 12,236  Lot option and escrow deposits 12,634 12,320  Performance deposits 1,854 1,544  Deferred financing costs revolving line of credit, net 2,545 2,637  Restricted cash 1,851 1,505  Secured note receivable 2,825 2,850  Assets held for sale 5,840 5,857  Other 2,038 1,508  Total prepaid expenses and other assets $ 40,259 $ 40,457 

Accrued Expenses and Other Li28

Accrued Expenses and Other Liabilities (Tables)	3 Months Ended
	Mar. 31, 2017
Accrued Expenses and Other Liabilities [Abstract]
Schedule Of Accrued Expenses And Other Liabilities	   March 31, December 31,  2017 2016  Earnest money deposits $ 9,495 $ 7,304  Warranty reserve 2,731 2,479  Accrued compensation costs 6,874 12,603  Land development and home construction accruals 36,855 31,486  Accrued interest 10,294 3,039  Income taxes payable 2,406 783  Liabilities related to assets held for sale 245 193  Other 3,983 4,427  Total accrued expenses and other liabilities $ 72,883 $ 62,314 

Warranties (Tables)

Warranties (Tables)	3 Months Ended
	Mar. 31, 2017
Warranties [Abstract]
Schedule Of Changes In Warranty Accrual	  Three Months Ended March 31,  2017 2016  Beginning balance $ 2,479 $ 2,622  Warranty expense provisions 878 570  Payments (370) (265)  Warranty adjustment (256) (385)  Ending balance $ 2,731 $ 2,542 

Notes Payable and Revolving L30

Notes Payable and Revolving Line of Credit (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Payable and Revolving Line of Credit [Abstract]
Schedule Of Notes Payable And Revolving Line Of Credit	  March 31, December 31,  2017 2016  6.875% senior notes $ 378,531 $ 253,089  Revolving line of credit 65,000 195,000  Insurance premium notes 4,417 5,999  Total notes payable and revolving line of credit $ 447,948 $ 454,088 

Interest (Tables)

Interest (Tables)	3 Months Ended
	Mar. 31, 2017
Interest [Abstract]
Schedule Of Capitalized Interest Costs	  Three Months Ended March 31,  2017 2016  Interest capitalized beginning of period $ 28,935 $ 21,533  Interest capitalized during period 7,734 6,380  Less: capitalized interest in cost of sales (4,956) (3,067)  Interest capitalized end of period $ 31,713 $ 24,846 

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments	  March 31, 2017 December 31, 2016  Hierarchy Carrying Fair Value Carrying Fair Value  Secured note receivable (1) Level 2 $ 2,825 $ 2,807 $ 2,850 $ 2,828   6.875% senior notes (2) Level 2 $ 378,531 $ 391,821 $ 253,089 $ 260,090  Revolving line of credit (3) Level 2 65,000 65,000 195,000 195,000  Insurance premium notes (3) Level 2 4,417 4,417 5,999 5,999  Total notes payable and revolving line of credit $ 447,948 $ 461,238 $ 454,088 $ 461,089 (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 March 31, 2017 and December 31, 2016 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 March 31, 2017 and December 31, 2016 incorporated recent trading activity in inactive markets. (3) Carrying amount approximates fair value due to short-term nature and interest rate terms.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2017
Stock-Based Compensation [Abstract]
Summary Of Outstanding Restricted Stock Awards And Units	  As of March 31, 2017  Restricted Stock Awards Restricted Stock Units Total  Unvested awards/units 222 537 759  Unrecognized compensation cost $ 2,259 $ 8,028 $ 10,287  Period to recognize compensation cost 0.8 years 2.0 years 1.7 years (average) 

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share, Basic And Diluted	  Three Months Ended  March 31,  2017 2016  Numerator  Net income $ 8,799 $ 7,983  Less: Undistributed earnings allocated to participating securities (117) (232)  Net income allocable to common stockholders $ 8,682 $ 7,751  Denominator  Weighted average common shares outstanding - basic 21,512,289 20,626,451  Dilutive effect of restricted stock units 210,251 18,796  Weighted average common shares outstanding - diluted 21,722,540 20,645,247  Earnings per share:  Basic $ 0.40 $ 0.38  Diluted $ 0.40 $ 0.38 

Supplemental Guarantor Inform35

Supplemental Guarantor Information (Tables)	3 Months Ended
	Mar. 31, 2017
Supplemental Guarantor Information [Abstract]
Supplemental Condensed Consolidated Balance Sheet	   Supplemental Condensed Consolidated Balance Sheet  As of March 31, 2017 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Assets  Cash and cash equivalents $ 12,972 $ 4,590 $ 5,903 $ — $ 23,465  Cash held in escrow — 17,216 — — 17,216  Accounts receivable 115 6,781 141 — 7,037  Investment in consolidated subsidiaries 912,505 — — (912,505) —  Inventories — 884,072 — — 884,072  Prepaid expenses and other assets 12,759 27,277 223 — 40,259  Property and equipment, net 1,647 9,569 149 — 11,365  Investment in unconsolidated subsidiaries 18,680 — — — 18,680  Amortizable intangible assets, net — 2,567 — — 2,567  Goodwill — 21,365 — — 21,365  Total assets $ 958,678 $ 973,437 $ 6,416 $ (912,505) $ 1,026,026  Liabilities and stockholders’ equity  Liabilities:  Accounts payable $ (24) $ 8,283 $ 21 $ — $ 8,280  Accrued expenses and other liabilities 18,256 54,561 66 — 72,883  Deferred tax liability 450 — — — 450  Notes payable and revolving line of credit 443,531 4,417 — — 447,948  Total liabilities 462,213 67,261 87 — 529,561  Stockholders’ equity: 496,465 906,176 6,329 (912,505) 496,465  Total liabilities and stockholders’ equity $ 958,678 $ 973,437 $ 6,416 $ (912,505) $ 1,026,026    Supplemental Condensed Consolidated Balance Sheet  As of December 31, 2016 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS Assets  Cash and cash equivalents $ 14,637 $ 8,646 $ 6,167 $ — $ 29,450  Cash held in escrow — 20,044 — — 20,044  Accounts receivable 2,980 2,749 — — 5,729  Investment in consolidated subsidiaries 884,665 — — (884,665) —  Inventories — 857,885 — — 857,885  Prepaid expenses and other assets 14,628 25,662 167 — 40,457  Property and equipment, net 1,166 10,224 22 — 11,412  Investment in unconsolidated subsidiaries 18,275 — 18,275  Amortizable intangible assets, net — 2,911 — — 2,911  Goodwill — 21,365 — — 21,365  Total assets $ 936,351 $ 949,486 $ 6,356 $ (884,665) $ 1,007,528 Liabilities and stockholders’ equity Liabilities:  Accounts payable $ 257 $ 15,575 $ (124) $ — $ 15,708  Accrued expenses and other liabilities 12,587 49,697 30 — 62,314  Deferred tax liability 1,782 — — — 1,782  Notes payable and revolving line of credit 448,089 5,999 — — 454,088  Total liabilities 462,715 71,271 (94) — 533,892  Stockholders’ equity: 473,636 878,215 6,450 (884,665) 473,636  Total liabilities and stockholders’ equity $ 936,351 $ 949,486 $ 6,356 $ (884,665) $ 1,007,528  
Supplemental Condensed Consolidated Statement Of Operations	     Supplemental Condensed Consolidated Statement of Operations  For the Three Months Ended March 31, 2017 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Revenues  Homebuilding revenues  Home sales revenues $ — $ 226,420 $ — $ — $ 226,420  Land sales and other revenues — 1,896 241 (241) 1,896  — 228,316 241 (241) 228,316  Financial services revenue  Total revenues — 228,316 241 (241) 228,316  Homebuilding cost of revenues  Cost of homes sales revenues — (182,324) — — (182,324)  Cost of land sales and other revenues — (1,144) — — (1,144)  — (183,468) — — (183,468)  Financial services costs — — (754) — (754)  Selling, general and administrative (9,948) (23,264) — — (33,212)  Equity in earnings from consolidated subsidiaries 13,541 — — (13,541) —  Equity in income from unconsolidated subsidiaries 1,255 — — — 1,255  Other income (expense) (474) 351 37 — (86)  Income before income tax expense 4,374 21,935 (476) (13,782) 12,051  Income tax expense 4,425 (7,677) — — (3,252)  Net income $ 8,799 $ 14,258 $ (476) $ (13,782) $ 8,799      Supplemental Condensed Consolidated Statement of Operations  For the Three Months Ended March 31, 2016 ( in thousands )   Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Revenues  Homebuilding revenues  Home sales revenues $ — $ 181,081 $ — $ — $ 181,081  Land sales and other revenues — 3,015 — — 3,015  — 184,096 — — 184,096  Financial services revenue — — — — —  Total revenues — 184,096 — — 184,096  Homebuilding cost of revenues  Cost of homes sales revenues — (144,353) — — (144,353)  Cost of land sales and other revenues — (2,542) — — (2,542)  — (146,895) — — (146,895)  Financial services costs — — — — —  Selling, general and administrative (5,392) (19,793) — — (25,185)  Equity in earnings from consolidated subsidiaries 11,689 — — (11,689) —  Other income (expense) (162) 575 — — 413  Income before income tax expense 6,135 17,983 — (11,689) 12,429  Income tax expense 1,848 (6,294) — — (4,446)  Net income $ 7,983 $ 11,689 $ — $ (11,689) $ 7,983   
Supplemental Condensed Consolidated Statement Of Cash Flows	   Supplemental Condensed Consolidated Statement of Cash Flows  For the Three Months Ended March 31, 2017 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Net cash provided by/(used in) operating activities $ (2,141) $ (7,588) $ (733) $ — $ (10,462)  Net cash used in investing activities $ (6,610) $ (298) $ (127) $ 6,008 $ (1,027)  Financing activities  Borrowings under revolving credit facilities $ 45,000 $ — $ — $ — $ 45,000  Payments on revolving credit facilities (175,000) — — — (175,000)  Proceeds from insurance notes payable 127,500 — — — 127,500  Principal payments on notes payable — (1,582) — — (1,582)  Debt issuance costs (2,533) — — — (2,533)  Repurchases of common stock upon vesting of restricted stock awards (2,904) — — — (2,904)  Payments from (and advances to) parent/subsidiary — 5,412 596 (6,008) —  Net proceeds from issuances of common stock 15,023 — — — 15,023  Net cash provided by financing activities $ 7,086 $ 3,830 $ 596 $ (6,008) $ 5,504  Net decrease in cash and cash equivalents $ (1,665) $ (4,056) $ (264) $ — $ (5,985)  Cash and cash equivalents  Beginning of period $ 14,637 $ 8,646 $ 6,167 $ — $ 29,450  End of period $ 12,972 $ 4,590 $ 5,903 $ — $ 23,465        Supplemental Condensed Consolidated Statement of Cash Flows For the Three Months Ended March 31, 2016 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Net cash provided by/(used in) operating activities $ 2,837 $ (40,401) $ — $ — $ (37,564)  Net cash used in investing activities $ (39,206) $ (1,915) $ — $ 38,997 $ (2,124) Financing activities  Borrowings under revolving credit facilities $ 50,000 $ — $ — $ — $ 50,000  Payments on revolving credit facilities (25,000) — — — (25,000)  Principal payments from notes payable — (515) — — (515)  Repurchases of common stock under our stock repurchase program (2,393) — — — (2,393)  Repurchases of common stock upon vesting of restricted stock awards (254) — — — (254)  Payments from (and advances to) parent/subsidiary — 38,997 — (38,997) —  Net cash provided by financing activities $ 22,353 $ 38,482 $ — $ (38,997) $ 21,838  Net decrease in cash and cash equivalents $ (14,016) $ (3,834) $ — $ — $ (17,850) Cash and cash equivalents  Beginning of period $ 22,002 $ 7,285 $ — $ — $ 29,287  End of period $ 7,986 $ 3,451 $ — $ — $ 11,437 

Basis of Presentation (Narrativ

Basis of Presentation (Narrative) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)segment
Summary of Significant Accounting Policies [Line Items]
Number of operating segments | segment	7
ASU 2016-09 [Member]
Summary of Significant Accounting Policies [Line Items]
Excess tax benefit | $	$ 0.8

Reporting Segments (Schedule Of

Reporting Segments (Schedule Of Segment Reporting Information) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)segment	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment	7
Total revenue	$ 228,316	$ 184,096
Total income (loss) before income tax expense	12,051	12,429
Total assets	1,026,026		$ 1,007,528
Atlanta [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	75,390	64,522
Total income (loss) before income tax expense	5,916	5,250
Total assets	269,766		262,448
Central Texas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	26,728	29,124
Total income (loss) before income tax expense	2,698	2,176
Total assets	116,510		112,612
Charlotte [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total income (loss) before income tax expense	(100)
Total assets	7,181		4,907
Colorado [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	85,591	68,846
Total income (loss) before income tax expense	11,654	10,843
Total assets	288,369		293,467
Houston [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	4,162	7,475
Total income (loss) before income tax expense	(867)	(794)
Total assets	32,970		25,780
Nevada [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	34,501	14,129
Total income (loss) before income tax expense	3,702	867
Total assets	232,782		231,057
Utah [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	1,944
Total income (loss) before income tax expense	(232)
Total assets	24,081		17,133
Financial Services [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total income (loss) before income tax expense	(754)
Total assets	6,415
Corporate [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total income (loss) before income tax expense	(9,966)	$ (5,913)
Total assets	$ 47,952		$ 60,124

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Inventories [Abstract]
Homes under construction	$ 465,349	$ 455,454
Land and land development	387,010	373,496
Capitalized interest	31,713	28,935	$ 24,846	$ 21,533
Total inventories	$ 884,072	$ 857,885

Prepaid Expenses and Other As39

Prepaid Expenses and Other Assets (Schedule Of Prepaid Expenses And Other Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Prepaid Expenses and Other Assets [Abstract]
Prepaid insurance	$ 10,672	$ 12,236
Lot option and escrow deposits	12,634	12,320
Performance deposits	1,854	1,544
Deferred financing costs revolving line of credit, net	2,545	2,637
Restricted cash	1,851	1,505
Secured note receivable	2,825	2,850
Assets held for sale	5,840	5,857
Other	2,038	1,508
Total prepaid expenses and other assets	$ 40,259	$ 40,457

Investment in Unconsolidated 40

Investment in Unconsolidated Subsidiaries (Narrative) (Details) - USD ($) $ in Thousands	Nov. 01, 2016	Mar. 31, 2017	Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated subsidiaries		$ 18,680	$ 18,275
Equity in income of unconsolidated subsidiaries		1,255
Distribution of income from unconsolidated subsidiaries		$ 852
WJH [Member]
Schedule of Equity Method Investments [Line Items]
Ownership interest	50.00%
Investment in unconsolidated subsidiaries	$ 15,000
Potential indemnification claims amount	$ 1,000
Indemnification claims period	18 months
Incurred acquisition-related costs	$ 100
Formation [Member]
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated subsidiaries	$ 3,000

Accrued Expenses and Other Li41

Accrued Expenses and Other Liabilities (Schedule Of Accrued Expenses And Other Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Accrued Expenses and Other Liabilities [Abstract]
Earnest money deposits	$ 9,495	$ 7,304
Warranty reserve	2,731	2,479	$ 2,542	$ 2,622
Accrued compensation costs	6,874	12,603
Land development and home construction accruals	36,855	31,486
Accrued interest	10,294	3,039
Income taxes payable	2,406	783
Liabilities related to assets held for sale	245	193
Other	3,983	4,427
Total accrued expenses and other liabilities	$ 72,883	$ 62,314

Warranties (Schedule Of Changes

Warranties (Schedule Of Changes In Warranty Accrual) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Warranties [Abstract]
Beginning balance	$ 2,479	$ 2,622
Warranty expense provisions	878	570
Payments	(370)	(265)
Warranty adjustment	(256)	(385)
Ending balance	$ 2,731	$ 2,542

Notes Payable and Revolving L43

Notes Payable and Revolving Line of Credit (Narrative) (Details)

Feb. 24, 2017USD ($)

Aug. 19, 2016USD ($)

Jul. 31, 2015USD ($)

Jul. 30, 2015USD ($)

Oct. 21, 2014USD ($)

Jan. 31, 2017USD ($)

Oct. 31, 2015USD ($)

Apr. 30, 2015USD ($)

Feb. 28, 2015USD ($)

May 31, 2014USD ($)

Mar. 31, 2017USD ($)

Feb. 23, 2017USD ($)

Dec. 31, 2016USD ($)

Aug. 18, 2016USD ($)

Dec. 22, 2015USD ($)

Dec. 21, 2015USD ($)

Debt Instrument [Line Items]

Line of credit facility, outstanding amount

$ 65,000,000

$ 195,000,000

Insurance premium notes, outstanding

$ 4,417,000

$ 5,999,000

Initial Senior Notes [Member]

Debt Instrument [Line Items]

Principal amount

$ 200,000,000

Net proceeds from issuance of senior debt

$ 193,300,000

Interest rate

6.875%

Discount rate

99.239%

Maturity year

2,022

Initial Exchange Notes [Member]

Debt Instrument [Line Items]

Principal amount

$ 200,000,000

Interest rate

6.875%

Maturity year

2,022

April 2015 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

October 2015 Exchange Notes [Member]

Debt Instrument [Line Items]

Principal amount

$ 60,000,000

Interest rate

6.875%

Maturity year

2,022

Insurance Premium Note [Member]

Debt Instrument [Line Items]

Interest rate

3.88%

Maturity date

2017-12

Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Line of credit facility. maximum borrowing capacity

$ 80,000,000

Letter of credit sublimit

20,000,000

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 our tangible net worth.  As of March 31, 2017, we were in compliance with all covenants under the Credit Agreement.

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

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] | Minimum

Debt Instrument [Line Items]

Leverage ratio

1

Interest coverage ratio

1

Risk asset ratio

1

Revolving Credit Facility [Member] | Maximum

Debt Instrument [Line Items]

Leverage ratio

1.50

Interest coverage ratio

1.50

Risk asset ratio

1.25

Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) | Minimum

Debt Instrument [Line Items]

Basis spread on variable rate

2.75%

Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) | Maximum

Debt Instrument [Line Items]

Basis spread on variable rate

3.25%

Revolving Credit Facility [Member] | Base Rate [Member] | Minimum

Debt Instrument [Line Items]

Basis spread on variable rate

1.75%

Revolving Credit Facility [Member] | Base Rate [Member] | Maximum

Debt Instrument [Line Items]

Basis spread on variable rate

2.25%

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] | First Modification Agreement [Member] | Bank of America [Member]

Debt Instrument [Line Items]

Uncommitted option to increase credit facility

$ 100,000,000

$ 80,000,000

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

Revolving Credit Facility [Member] | Third Modification Agreement [Member] | Texas Capital Bank [Member]

Debt Instrument [Line Items]

Maturity date

Oct. 21, 2019

Line of credit facility. maximum borrowing capacity

$ 380,000,000

$ 300,000,000

Line of credit facility, increased amount

$ 80,000,000

Revolving Credit Facility [Member] | Commitment Increase Agreement [Member] | Texas Capital Bank [Member]

Debt Instrument [Line Items]

Line of credit facility. maximum borrowing capacity

$ 400,000,000

$ 380,000,000

Line of credit facility, increased amount

$ 20,000,000

January 2017 Senior Notes [Member]

Debt Instrument [Line Items]

Principal amount

$ 125,000,000

Interest rate

6.875%

Maturity year

2,022

January 2017 Senior Notes And Existing Notes [Member]

Debt Instrument [Line Items]

Maturity date

2022-05

Notes Payable and Revolving L44

Notes Payable and Revolving Line of Credit (Schedule Of Notes Payable And Revolving Line Of Credit) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Notes Payable and Revolving Line of Credit [Abstract]
6.875% senior notes	$ 378,531	$ 253,089
Revolving line of credit	65,000	195,000
Insurance premium notes	4,417	5,999
Total notes payable and revolving line of credit (Carrying amount)	$ 447,948	$ 454,088

Interest (Schedule Of Capitaliz

Interest (Schedule Of Capitalized Interest Costs) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Interest [Abstract]
Interest capitalized beginning of period	$ 28,935	$ 21,533
Interest capitalized during period	7,734	6,380
Less: capitalized interest in cost of sales	(4,956)	(3,067)
Interest capitalized end of period	$ 31,713	$ 24,846

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Taxes [Abstract]
Effective tax rate	34.40%
Blended federal and state effective tax rate	37.40%
Percentage of estimated benefits from additional deductions	3.00%
Income tax expense	$ 3,252	$ 4,446
Change in effective tax rate	6.70%

Fair Value Disclosures (Schedul

Fair Value Disclosures (Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments) (Details) - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total notes payable and revolving line of credit		$ 447,948	$ 454,088
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total notes payable and revolving line of credit		461,238	461,089
Level 2 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured note receivable	[1]	2,825	2,850
6.875% senior notes	[2]	378,531	253,089
Revolving line of credit	[3]	65,000	195,000
Insurance premium notes	[3]	4,417	5,999
Level 2 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured note receivable	[1]	2,807	2,828
6.875% senior notes	[2]	391,821	260,090
Revolving line of credit	[3]	65,000	195,000
Insurance premium notes	[3]	$ 4,417	$ 5,999
[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 March 31, 2017 and December 31, 2016 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 March 31, 2017 and December 31, 2016 incorporated recent trading activity in inactive markets.
[3]	Carrying amount approximates fair value due to short-term nature and interest rate terms.

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 1.9	$ 1.7
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted	0.2
Weighted average grant date fair value	$ 22.96
Restricted Stock Units [Member] | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period	1 year
Restricted Stock Units [Member] | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period	3 years

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary Of Outstanding Restricted Stock Awards And Units) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested awards/units | shares	759
Unrecognized compensation cost | $	$ 10,287
Period to recognize compensation cost	1 year 8 months 12 days
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested awards/units | shares	222
Unrecognized compensation cost | $	$ 2,259
Period to recognize compensation cost	9 months 18 days
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested awards/units | shares	537
Unrecognized compensation cost | $	$ 8,028
Period to recognize compensation cost	2 years

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Nov. 07, 2016	Mar. 31, 2017	Dec. 31, 2016
Class of Stock [Line Items]
Common stock shares authorized		100,000,000	100,000,000
Common stock, par value		$ 0.01	$ 0.01
Preferred stock shares authorized		50,000,000	50,000,000
Preferred stock, par value		$ 0.01	$ 0.01
Common stock shares issued		22,291,222	21,620,544
Common stock shares outstanding		22,291,222	21,620,544
Common stock shares for stock award, available for issuance		500,000
Common stock shares issued related to vesting of restricted stock awards		200,000
Common stock shares for stock award issuance		1,800,000
Common stock shares sold and issued		22,291,222	21,620,544
Net proceeds from issuances of common stock		$ 15,023
Distribution Agreement [Member]
Class of Stock [Line Items]
Common stock shares issued		600,000
Aggregate offering price	$ 50,000
Common stock shares sold and issued		600,000

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details)	3 Months Ended
	Mar. 31, 2017shares
Earnings Per Share [Abstract]
Anti-dilutive shares	500

Earnings Per Share (Schedule Of

Earnings Per Share (Schedule Of Earnings Per Share, Basic And Diluted) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Numerator
Net income	$ 8,799	$ 7,983
Less: Undistributed earnings allocated to participating securities	(117)	(232)
Net income allocable to common stockholders	$ 8,682	$ 7,751
Denominator
Weighted average common shares outstanding - basic	21,512,289	20,626,451
Dilutive effect of restricted stock units	210,251	18,796
Weighted average common shares outstanding - diluted	21,722,540	20,645,247
Earnings per share:
Basic	$ 0.40	$ 0.38
Diluted	$ 0.40	$ 0.38

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Commitments and Contingencies [Abstract]
Outstanding letters of credit and performance bonds	$ 69.8	$ 70.1

Disposition of Golf Course (Nar

Disposition of Golf Course (Narrative) (Details)	3 Months Ended
	Mar. 31, 2017
Disposition of Golf Course [Abstract]
Probable disposition of golf course	1 year

Supplemental Guarantor Inform55

Supplemental Guarantor Information (Narrative) (Details) - USD ($)	1 Months Ended
	Jan. 31, 2017	Oct. 31, 2015	Apr. 30, 2015	Feb. 28, 2015	May 31, 2014
Initial Senior Notes [Member]
Debt Instrument [Line Items]
Principal amount					$ 200,000,000
Interest rate					6.875%
Maturity year					2,022
Initial Exchange Notes [Member]
Debt Instrument [Line Items]
Principal amount				$ 200,000,000
Interest rate				6.875%
Maturity year				2,022
April 2015 Senior Notes [Member]
Debt Instrument [Line Items]
Principal amount			$ 60,000,000
Interest rate			6.875%
Maturity year			2,022
January 2017 Senior Notes [Member]
Debt Instrument [Line Items]
Principal amount	$ 125,000,000
Interest rate	6.875%
Maturity year	2,022
October 2015 Exchange Notes [Member]
Debt Instrument [Line Items]
Principal amount		$ 60,000,000
Interest rate		6.875%
Maturity year		2,022

Supplemental Guarantor Inform56

Supplemental Guarantor Information (Supplemental Condensed Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 23,465	$ 29,450	$ 11,437	$ 29,287
Cash held in escrow	17,216	20,044
Accounts receivable	7,037	5,729
Inventories	884,072	857,885
Prepaid expenses and other assets	40,259	40,457
Property and equipment, net	11,365	11,412
Investment in unconsolidated subsidiaries	18,680	18,275
Amortizable intangible assets, net	2,567	2,911
Goodwill	21,365	21,365
Total Assets	1,026,026	1,007,528
Liabilities:
Accounts payable	8,280	15,708
Accrued expenses and other liabilities	72,883	62,314
Deferred tax liability, net	450	1,782
Notes payable and revolving line of credit	447,948	454,088
Total liabilities	529,561	533,892
Stockholders' equity:	496,465	473,636
Total liabilities and stockholders' equity	1,026,026	1,007,528
CCS [Member]
Assets
Cash and cash equivalents	12,972	14,637	7,986	22,002
Accounts receivable	115	2,980
Investment in consolidated subsidiaries	912,505	884,665
Prepaid expenses and other assets	12,759	14,628
Property and equipment, net	1,647	1,166
Investment in unconsolidated subsidiaries	18,680	18,275
Total Assets	958,678	936,351
Liabilities:
Accounts payable	(24)	257
Accrued expenses and other liabilities	18,256	12,587
Deferred tax liability, net	450	1,782
Notes payable and revolving line of credit	443,531	448,089
Total liabilities	462,213	462,715
Stockholders' equity:	496,465	473,636
Total liabilities and stockholders' equity	958,678	936,351
Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	4,590	8,646	$ 3,451	$ 7,285
Cash held in escrow	17,216	20,044
Accounts receivable	6,781	2,749
Inventories	884,072	857,885
Prepaid expenses and other assets	27,277	25,662
Property and equipment, net	9,569	10,224
Amortizable intangible assets, net	2,567	2,911
Goodwill	21,365	21,365
Total Assets	973,437	949,486
Liabilities:
Accounts payable	8,283	15,575
Accrued expenses and other liabilities	54,561	49,697
Notes payable and revolving line of credit	4,417	5,999
Total liabilities	67,261	71,271
Stockholders' equity:	906,176	878,215
Total liabilities and stockholders' equity	973,437	949,486
Non-Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	5,903	6,167
Accounts receivable	141
Prepaid expenses and other assets	223	167
Property and equipment, net	149	22
Total Assets	6,416	6,356
Liabilities:
Accounts payable	21	(124)
Accrued expenses and other liabilities	66	30
Total liabilities	87	(94)
Stockholders' equity:	6,329	6,450
Total liabilities and stockholders' equity	6,416	6,356
Elimination Entries [Member]
Assets
Investment in consolidated subsidiaries	(912,505)	(884,665)
Total Assets	(912,505)	(884,665)
Liabilities:
Stockholders' equity:	(912,505)	(884,665)
Total liabilities and stockholders' equity	$ (912,505)	$ (884,665)

Supplemental Guarantor Inform57

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement Of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues
Home sales revenues	$ 226,420	$ 181,081
Land sales and other revenues	1,896	3,015
Homebuilding revenues	228,316	184,096
Financial services revenue
Total revenues	228,316	184,096
Cost of home sales revenues	(182,324)	(144,353)
Costs of land sales and other revenues	(1,144)	(2,542)
Homebuilding cost of revenues	(183,468)	(146,895)
Financial services costs	(754)
Selling, general, and administrative	(33,212)	(25,185)
Other income (expense):
Equity in income of unconsolidated subsidiaries	1,255
Other income (expense)	(86)	413
Loss on disposition of assets	(59)	220
Income before income tax expense	12,051	12,429
Income tax expense	(3,252)	(4,446)
Net income	8,799	7,983
CCS [Member]
Revenues
Selling, general, and administrative	(9,948)	(5,392)
Other income (expense):
Equity in earnings from consolidated subsidiaries	13,541	11,689
Equity in income of unconsolidated subsidiaries	1,255
Other income (expense)	(474)	(162)
Income before income tax expense	4,374	6,135
Income tax expense	4,425	1,848
Net income	8,799	7,983
Guarantor Subsidiaries [Member]
Revenues
Home sales revenues	226,420	181,081
Land sales and other revenues	1,896	3,015
Homebuilding revenues	228,316	184,096
Total revenues	228,316	184,096
Cost of home sales revenues	(182,324)	(144,353)
Costs of land sales and other revenues	(1,144)	(2,542)
Homebuilding cost of revenues	(183,468)	(146,895)
Selling, general, and administrative	(23,264)	(19,793)
Other income (expense):
Other income (expense)	351	575
Income before income tax expense	21,935	17,983
Income tax expense	(7,677)	(6,294)
Net income	14,258	11,689
Non-Guarantor Subsidiaries [Member]
Revenues
Land sales and other revenues	241
Homebuilding revenues	241
Total revenues	241
Financial services costs	(754)
Other income (expense):
Other income (expense)	37
Income before income tax expense	(476)
Net income	(476)
Elimination Entries [Member]
Revenues
Land sales and other revenues	(241)
Homebuilding revenues	(241)
Total revenues	(241)
Other income (expense):
Equity in earnings from consolidated subsidiaries	(13,541)	(11,689)
Income before income tax expense	(13,782)	(11,689)
Net income	$ (13,782)	$ (11,689)

Supplemental Guarantor Inform58

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement Of Cash Flows) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Condensed Cash Flow Statements, Captions [Line Items]
Net cash used in operating activities	$ (10,462)	$ (37,564)
Net cash used in investing activities	(1,027)	(2,124)
Financing activities
Borrowings under revolving credit facilities	45,000	50,000
Payments on revolving credit facilities	(175,000)	(25,000)
Proceeds from insurance notes payable	127,500
Principal payments on notes payable	(1,582)	(515)
Debt issuance costs	(2,533)
Repurchases of common stock under our stock repurchase program		(2,393)
Repurchases of common stock upon vesting of restricted stock awards	(2,904)	(254)
Net proceeds from issuances of common stock	15,023
Net cash provided by financing activities	5,504	21,838
Net decrease in cash and cash equivalents	(5,985)	(17,850)
Cash and cash equivalents, Beginning of period	29,450	29,287
Cash and cash equivalents, End of period	23,465	11,437
CCS [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash used in operating activities	(2,141)	2,837
Net cash used in investing activities	(6,610)	(39,206)
Financing activities
Borrowings under revolving credit facilities	45,000	50,000
Payments on revolving credit facilities	(175,000)	(25,000)
Proceeds from insurance notes payable	127,500
Debt issuance costs	(2,533)
Repurchases of common stock under our stock repurchase program		(2,393)
Repurchases of common stock upon vesting of restricted stock awards	(2,904)	(254)
Net proceeds from issuances of common stock	15,023
Net cash provided by financing activities	7,086	22,353
Net decrease in cash and cash equivalents	(1,665)	(14,016)
Cash and cash equivalents, Beginning of period	14,637	22,002
Cash and cash equivalents, End of period	12,972	7,986
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash used in operating activities	(7,588)	(40,401)
Net cash used in investing activities	(298)	(1,915)
Financing activities
Principal payments on notes payable	(1,582)	(515)
Payments from (and advances to) parent/subsidiary	5,412	38,997
Net cash provided by financing activities	3,830	38,482
Net decrease in cash and cash equivalents	(4,056)	(3,834)
Cash and cash equivalents, Beginning of period	8,646	7,285
Cash and cash equivalents, End of period	4,590	3,451
Non-Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash used in operating activities	(733)
Net cash used in investing activities	(127)
Financing activities
Payments from (and advances to) parent/subsidiary	596
Net cash provided by financing activities	596
Net decrease in cash and cash equivalents	(264)
Cash and cash equivalents, Beginning of period	6,167
Cash and cash equivalents, End of period	5,903
Elimination Entries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash used in investing activities	6,008	38,997
Financing activities
Payments from (and advances to) parent/subsidiary	(6,008)	(38,997)
Net cash provided by financing activities	$ (6,008)	$ (38,997)

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	Apr. 26, 2017	Apr. 10, 2017	Jan. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Subsequent Event [Line Items]
Common stock, par value				$ 0.01	$ 0.01
January 2017 Senior Notes [Member]
Subsequent Event [Line Items]
Principal amount			$ 125
Interest rate			6.875%
Maturity year			2,022
Subsequent Event | UCP, Inc [Member]
Subsequent Event [Line Items]
Total value of combined consideration of cash and equity		$ 213.4
Subsequent Event | Common Class A [Member] | UCP, Inc [Member]
Subsequent Event [Line Items]
Common stock, par value		$ 0.01
Conversion of stock, cash		$ 5.32
Subsequent Event | Century Common Stock [Member]
Subsequent Event [Line Items]
Conversion of stock, ratio		0.2309%
Conversion of stock, fractional shares		0
Subsequent Event | April 2017 Notes [Member]
Subsequent Event [Line Items]
Interest rate	6.875%
Maturity year	2,022
Inspire Home Loans Inc [Member] | Subsequent Event | Revolving Mortgage Loan Repurchase Facility [Member] | Master Repurchase Agreement [Member]
Subsequent Event [Line Items]
Termination date		Apr. 9, 2018
Inspire Home Loans Inc [Member] | Subsequent Event | Revolving Mortgage Loan Repurchase Facility [Member] | Master Repurchase Agreement [Member] | Branch Banking And Trust Company [Member]
Subsequent Event [Line Items]
Principal amount		$ 25