Century Communities (CCS) 10-Q 3 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 26, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Entity Registrant Name	Century Communities, Inc.
Entity Central Index Key	1,576,940
Entity Filer Category	Accelerated Filer
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Trading Symbol	ccs
Entity Common Stock, Shares Outstanding		30,119,259

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 19,482	$ 88,832
Cash held in escrow	43,880	37,723
Accounts receivable	20,890	12,999
Inventories	1,696,931	1,390,354
Mortgage loans held for sale	57,353	52,327
Prepaid expenses and other assets	71,106	60,812
Property and equipment, net	32,482	27,911
Investment in unconsolidated subsidiaries		28,208
Deferred tax assets, net	9,704	5,555
Amortizable intangible assets, net	5,573	2,938
Goodwill	28,272	27,363
Total assets	1,985,673	1,735,022
Liabilities:
Accounts payable	59,608	24,831
Accrued expenses and other liabilities	162,085	150,356
Senior notes payable	777,275	776,283
Revolving line of credit	130,000
Mortgage repurchase facilities	52,999	48,319
Total liabilities	1,181,967	999,789
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, 30,119,259 and 29,502,624 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively	301	295
Additional paid-in capital	582,627	566,790
Retained earnings	220,778	168,148
Total stockholders' equity	803,706	735,233
Total liabilities and stockholders' equity	$ 1,985,673	$ 1,735,022

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2018	Dec. 31, 2017
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	30,119,259	29,502,624
Common stock shares outstanding	30,119,259	29,502,624

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues
Total revenues	$ 531,892	$ 291,824	$ 933,740	$ 520,140
Homebuilding cost of revenues
Cost of home sales revenues	(427,197)	(233,888)	(746,780)	(416,212)
Cost of land sales and other revenues	(1,040)	(1,746)	(1,917)	(2,890)
Homebuilding cost of revenues	(428,237)	(235,634)	(748,697)	(419,102)
Financial services costs	(5,385)	(1,445)	(9,781)	(2,199)
Selling, general, and administrative	(63,634)	(34,220)	(120,156)	(67,432)
Acquisition expense	(165)	(916)	(338)	(1,439)
Equity in income of unconsolidated subsidiaries	11,681	2,676	14,849	3,931
Other income (expense)	350	824	(8)	1,261
Income (loss) before income tax expense	46,502	23,109	69,609	35,160
Income tax expense	(13,309)	(8,278)	(16,397)	(11,530)
Net income	$ 33,193	$ 14,831	$ 53,212	$ 23,630
Earnings per share:
Basic	$ 1.11	$ 0.67	$ 1.79	$ 1.07
Diluted	$ 1.10	$ 0.66	$ 1.77	$ 1.06
Weighted average common shares outstanding:
Basic	29,901,791	22,146,124	29,709,728	21,814,860
Diluted	30,170,689	22,366,077	30,003,276	22,029,962
Home Sales [Member]
Revenues
Total revenues	$ 522,164	$ 287,588	$ 916,995	$ 514,008
Land Sales And Other [Member]
Revenues
Total revenues	1,714	2,493	3,174	4,389
Homebuilding [Member]
Revenues
Total revenues	523,878	290,081	920,169	518,397
Financial Services [Member]
Revenues
Total revenues	$ 8,014	$ 1,743	$ 13,571	$ 1,743

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Operating activities
Net income	$ 53,212	$ 23,630
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	5,512	2,818
Stock-based compensation expense	6,323	3,921
Deferred income taxes	(989)	(1,658)
Distribution of income from unconsolidated subsidiaries	7,432	3,852
Equity in income of unconsolidated subsidiaries	(14,849)	(3,931)
(Gain) loss on disposition of assets	230	27
Changes in assets and liabilities:
Cash held in escrow	(5,897)	(5,936)
Accounts receivable	(6,199)	(2,480)
Inventories	(124,863)	(51,383)
Prepaid expenses and other assets	(2,404)	1,352
Accounts payable	22,260	(11,384)
Accrued expenses and other liabilities	(15,634)	13,102
Mortgage loans held for sale	(5,026)	(11,235)
Net cash used in operating activities	(80,892)	(39,305)
Investing activities
Purchases of property and equipment	(7,534)	(2,885)
Business combinations, net of acquired cash	(28,036)
Other investing activities	322	(2,950)
Net cash used in investing activities	(35,248)	(5,835)
Financing activities
Borrowings under revolving credit facilities	305,000	75,000
Payments on revolving credit facilities	(175,000)	(270,000)
Proceeds from issuance of senior notes		523,000
Extinguishments of debt assumed in business combination	(94,231)
Principal payments on notes payable		(2,541)
Debt issuance costs	(3,521)	(3,593)
Net proceeds from mortgage repurchase facilities	4,679	10,551
Net proceeds from issuances of common stock	14,309	24,333
Repurchases of common stock upon vesting of stock based compensation	(4,788)	(3,693)
Net cash provided by (used in) financing activities	46,448	353,057
Net increase (decrease)	(69,692)	307,917
Cash and cash equivalents and Restricted cash, Beginning of period	93,713	30,954
Cash and cash equivalents and Restricted cash, End of period	24,021	338,871
Supplemental cash flow disclosure
Cash paid for income taxes	26,323	5,257
Cash and cash equivalents and Restricted cash
Cash and cash equivalents	19,482	336,786
Restricted cash (Note 6)	4,539	2,085
Cash and cash equivalents and Restricted cash, End of period	$ 24,021	$ 338,871

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2018
Basis of Presentation [Abstract]
Basis of Presentation	1. Basis of Presentation  Century Communities, Inc. (which we refer to as “we,” “our,” or the “Company”), together with its subsidiaries, is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in metropolitan areas in the States of Alabama, California, Colorado, Florida, Georgia, Nevada, North Carolina, South Carolina, Tennessee, Texas, Utah, and Washington. In many of our projects, in addition to building homes, we are responsible for the entitlement and development of the underlying land. We build and sell homes under our Century Communities and Wade Jurney Homes brands. Our Century Communities brand targets a wide range of buyer profiles including: first time, first time move up, and active adult homebuyers, and provides our homebuyers with the ability to personalize their homes through certain option and upgrade selections. Our Wade Jurney Homes brand solely targets first time homebuyers in markets which are traditionally underserved by new homebuilders, sells homes through retail studios, and provides no option or upgrade selections. Our homebuilding operations are organized into the following five reportable segments: West, Mountain, Texas, Southeast, and Wade Jurney Homes. Additionally, our indirect wholly-owned subsidiaries, Inspire Home Loans, Inc. and Parkway Title, LLC, which provide mortgage services and title services, respectively, to our home buyers have been identified as our Financial Services segment. On August 4, 2017, we acquired UCP, Inc. (which we refer to as “UCP”) which was a homebuilder and land developer with expertise in residential land acquisition, development and entitlement, as well as home design, construction and sales, and with operations in the States of California, Washington, North Carolina, South Carolina, and Tennessee. In connection with the merger, each share of UCP Class A common stock outstanding immediately prior to the closing was converted into $5.32 in cash and 0.2309 of a newly issued share of our common stock. Approximately 4.2 million shares of our common stock were issued and $100.2 million in cash was paid in connection with the merger for total consideration of $209.0 million. O n October 31, 2017, we acquired substantially all the assets and operations and assumed certain liabilities of Sundquist Homes, LLC and affiliates (which we refer to as “Sundquist Homes”), a homebuilder with operations in the greater Seattle, Washington area, for approximately $50.2 million. On June 14, 2018, we acquired the remaining 50% ownership interest in W J H, LLC (which we refer to as “WJH” or “Wade Jurney Homes” ) for $37.5 million. WJH specializes in providing single family homes for first time buyers. On the acquisition date, WJH had operations in Alabama, Florida, Georgia, North Carolina and South Carolina. 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 our 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, 2017, which are included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2017 that was filed with the SEC on March 1, 2018. Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company, as well as all subsidiaries in which we have a controlling interest, and variable interest entities for which the Company is deemed to be the primary beneficiary. We do not have any variable interest entities in which we are deemed the primary beneficiary. All intercompany accounts and transactions have been eliminated. All numbers related to lots and communities disclosed in the notes to the consolidated financial statements are unaudited. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Accordingly, actual results could differ from those estimates. Recently Issued Accounting Standards In February 2016, the Financial Accounting Standards Board (which we refer to as “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. Recently Adopted Accounting Standards 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. In November 2016, the FASB issued ASU 2016-18 “Statement of Cash Flows – Restricted Cash.” ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and restricted cash when reconciling the beginning of period and end of period total amounts shown on the statement of cash flows. We adopted ASU 2016-15 and 2016-18 on January 1, 2018. Upon adoption of 2016-18, we have included restricted cash in the beginning and ending balances on our Statements of Cash Flows to present the changes during the period in total cash, cash equivalents and restricted cash. Distributions from investments in unconsolidated subsidiaries are classified based on the nature of the activity of the investee that generated the distribution on our Statement s of Cash Flow s . In accordance with ASU 2016-1 8 , our prior year Statements of Cash Flows ha ve also been retrospectively adjusted. Revenue Recognition On January 1, 2018, we adopted “Revenue from Contracts with Customers (ASC 606),” which we refer to as “ASC 606.” ASC 606 requires entities to recognize revenues when control of the promised goods or services is transferred to customers at an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. We adopted ASC 606 as of January 1, 2018 using the modified retrospective approach to contracts which were not completed as of January 1, 2018.  While the adoption of ASC 606 did not result in a material impact to our consolidated financial statements, it did impact the following:  · Certain immaterial costs incurred related to our model homes, which were previously capitalized to inventory, are now expensed as incurred. · Forfeited customer earnest money deposits, which were previously presented in other income within our Consolidated Statements of Operations, are presented as other revenue. During the three and six months ended June 30, 2018, we recognized $0.3 million and $0.4 million of forfeited deposits, respectively. · Land sales to third parties which do not meet the definition of a customer in ASC 606 are classified as other income in our Consolidated Statements of Operations . During the three and six months ended June 30, 2018, we recorded $5.0 million and $6.9 million from the disposition of land to third parties which were not considered customers, respectively. The related cost of these land dispositions during the same periods totaled $5.0 million and $7.2 million, respectively. · Deferral of an allocated amount of revenue and costs associated with unsatisfied performance obligations, primarily the installation of landscaping, at the time of home delivery. We deferred $0.4 million and $1. 8 million in revenue and $0.3 million and $1.4 million in costs related to unsatisfied performance obligations on homes that we delivered during the three and six months ended June 30, 2018, respectively. · Reclassification of certain costs related to our model homes from inventory to property and equipment on our Consolidated Balance Sheets. Upon adoption, we reclassified $2.3 million from inventories to property and equipment. Under the modified retrospective approach, we have recorded an opening adjustment to decrease retained earnings by $0.6 million, related to model homes costs that were previously capitalized to inventory, but would have been expensed as incurred under ASC 606. This amount is included as a non-cash adjustment on our Condensed Consolidated Statements of Cash Flows. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting. Effective January 1, 2018 , the following accounting policies have been modified to reflect the adoption of ASC 606. Home Sales Revenues - Under ASC 606, revenues from home sales and the related profit are recorded when our performance obligations are satisfied, which generally occurs when the respective homes are closed and title has passed to our homebuyers. We generally satisfy our performance obligations in less than one year from the contract date. Proceeds from home closings that are held for our benefit in escrow, are presented as “Cash held in escrow” on our Consolidated Balance Sheets. Cash held for our benefit in escrow is typically held by the escrow agent for less than a few days. When it is determined that the earnings process is not complete and we have remaining obligations, the related revenue and costs are deferred for recognition in future periods until those performance obligations have been satisfied. Prior to satisfying our performance obligations , we typically receive deposits from customers related to sold but undelivered homes. These deposits are classified as earnest money deposits and are included in Accrued expenses and other liabilities on our Consolidated Balance Sheets. Earnest money deposits totaled $17. 7 million and $14.1 million at June 30, 2018 and December 31, 2017, respectively. Home and Sales Facilities – Costs related to our model homes and sales facilities are treated in one of three ways depending on their nature. Costs directly attributable to the home including upgrades that are permanent and sold with the home are capitalized to inventory and included in cost of home sales revenues when the unit is closed to the home buyer. Marketing related costs, such as non-permanent signage, brochures and marketing materials as well as the cost to convert the model into a salable unit are expensed as incurred. Costs to furnish the model home sites, permanent signage, and construction of sales facilities are capitalized to property and equipment and depreciated over the estimated life of the community based on the number of lots in the community which typically range from 2 to 3 years.

Reporting Segments

Reporting Segments	6 Months Ended
	Jun. 30, 2018
Reporting Segments [Abstract]
Reporting Segments	 2. Reporting Segments Our homebuilding operations are engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in 12 states. We build and sell homes under our Century Communities and Wade Jurney Homes brands. Our Century Communities brand is managed by geographic location, and each of our four geographic targets a wide range of buyer profiles including: first time, first time move up, and active adult homebuyers, and provides our homebuyers with the ability to personalize their homes through certain option and upgrade selections. Each of our four geographic regions is considered a separate operating segment. Our Wade Jurney Homes brand solely targets first time homebuyers in markets which are traditionally underserved by new homebuilders, sells homes through retail studios, and provides no option or upgrade selections. Our Wade Jurney Homes brand currently has operations in five states and is managed separately from our four geographic regions and is considered a separate operating segment. The management of each of our four geographic regions and Wade Jurney Homes reports to our chief operating decision makers (which we refer to as “CODMs”), the Co-Chief Executive Officers of our Company. The CODMs review the results of our operations, including total revenue and income before income tax expense to determine profitability and to allocate resources. Accordingly, we have presented our homebuilding operations into the following five reportable segments: · West (Southern California, Central Valley, Bay Area and Washington) · Mountain (Colorado, Nevada and Utah) · Texas (Houston, San Antonio and Austin) · Southeast (Georgia, North Carolina, South Carolina and Tennessee) · Wade Jurney Homes (Alabama, Georgia, North Carolina, South Carolina, and Florida) We have also identified our Financial Services operations, which provide mortgage and title services to our homebuyers, as a sixth reportable segment. Our Corporate operations are a non-operating segment, as it serves to support our homebuilding operations through functions, such as our executive, finance, treasury, human resources, and accounting departments. We have adjusted prior period segment information where applicable to conform to the current period presentation. The following table summarizes total revenue and income before income tax expense by operating segment , where adjustments for purchase price accounting are included in the relative segment (in thousands):    Three months ended June 30, Six months ended June 30,  2018 2017 2018 2017  Revenue:  West $ 129,218 $ — $ 248,139 $ —  Mountain 180,523 164,265 326,016 286,301  Texas 63,545 44,350 101,573 75,240  Southeast 125,346 81,466 219,195 156,856  Wade Jurney Homes 25,246 — 25,246 —  Financial Services 8,014 1,743 13,571 1,743  Corporate — — — —  Total revenue $ 531,892 $ 291,824 $ 933,740 $ 520,140   Income (loss) before income tax expense:  West $ 12,022 $ — $ 21,890 $ —  Mountain 25,319 21,912 43,242 37,036  Texas 4,972 2,412 6,780 4,241  Southeast 9,149 4,792 13,830 10,608  Wade Jurney Homes (186) — (186) —  Financial Services 2,629 57 3,790 (697)  Corporate (7,403) (6,064) (19,737) (16,028)  Total income before income tax expense $ 46,502 $ 23,109 $ 69,609 $ 35,160  The following table summarizes total assets by operating segment (in thousands):   June 30, December 31,  2018 2017  West $ 408,167 $ 394,215  Mountain 605,803 571,880  Texas 199,181 192,078  Southeast 458,645 401,618  Wade Jurney Homes 153,559 —  Financial Services 79,001 63,137  Corporate 81,317 112,094  Total assets $ 1,985,673 $ 1,735,022 Corporate assets primarily include certain cash and cash equivalents, certain property and equipment, our investment in unconsolidated subsidiaries, prepaid insurance, and deferred financing costs on our revolving line of credit.

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Business Combinations	3. Business Combinations UCP, Inc. On August 4, 2017, we acquired UCP, Inc., which was a homebuilder and land developer with expertise in residential land acquisition, development and entitlement, as well as home design, construction and sales, and with operations in the States of California, Washington, North Carolina, South Carolina, and Tennessee. The merger was unanimously approved by the board of directors of both the Company and UCP and was also approved by UCP stockholders on August 1, 2017. In connection with the merger, each share of UCP Class A common stock outstanding immediately prior to the closing was converted into $5.32 in cash and 0.2309 of a newly issued share of our common stock. No fractional shares were issued in connection with the merger, and UCP stockholders received cash in lieu of any fractional shares. Approximately 4.2 million shares of our common stock were issued in connection with the merger and $100.2 million was paid in cash in connection with the merger. Outstanding UCP restricted stock units were also converted into an aggregate of 0.2 million of Century Communities restricted stock units pursuant to the merger. We determined that the total fair value of these awards was $6.2 million, of which $1.1 million was attributable to services performed by UCP employees prior to the merger and, as such, was included as consideration. We incurred approximately $9.6 million in acquisition related expenses. Total consideration of $209.0 million, inclusive of cash acquired of $20.3 million for this merger, is summarized as follows (in thousands, except per share amount):   UCP shares (including noncontrolling interest) as of August 3, 2017 18,085  Cash paid per share $ 5.32  Cash consideration $ 96,213  Cash consideration pertaining to stockholder exercising appraisal rights $ 3,937  Total cash consideration $ 100,150   UCP shares (including noncontrolling interest) as of August 3, 2017 18,085  Exchange ratio 0.2309  Number of CCS shares issued 4,176  Closing price of Century Communities common stock on August 3, 2017 $ 25.80  Consideration attributable to common stock $ 107,737  Total replacement award value $ 1,149  Total equity consideration $ 108,886   Total consideration in cash and equity $ 209,036  The acquired assets consisted of approximately 4,199 owned lots within 43 total communities in California, Washington, North Carolina, South Carolina and Tennessee. The 4,199 lots included 346 homes in backlog and 59 model homes. As the acquired assets and processes have the ability to create outputs in the form of revenue from the sale of single family residences, we concluded that the acquisition represents a business combination.  The following table summarizes the estimate of the fair value of assets acquired and liabilities assumed as of the acquisition date (in thousands):    Cash and cash equivalents $ 20,264  Accounts receivable 7,897  Inventories 390,234  Prepaid expenses and other assets 6,988  Property and equipment, net 717  Deferred tax asset, net 11,090  Goodwill 6,607  Total assets $ 443,797   Accounts payable $ 10,712  Accrued expenses and other liabilities 71,130  Notes payable 152,919  Total liabilities 234,761  Purchase price/Net equity $ 209,036  The purchase price accounting reflected above is preliminary and is based upon estimates and assumptions that are subject to change within the measurement period (up to one year from the acquisition date). The measurement period remains open pending the completion of valuation procedures related to the acquired assets and assumed liabilities including inventories and our deferred tax asset. We have not yet finalized the allocation of goodwill to our reporting units. During the six months ended June 30, 2018, we recognized $1.5 million of expense related to refinements in our estimated fair value of inventories, which occurred during the period. This measurement period adjustment is included in “Cost of home sales revenues” on our Consolidated Statements of Operations. Acquired inventories consist of both acquired land and work in process inventories. We determined the estimate of fair value for acquired land inventory with the assistance of a third-party appraiser primarily using a forecasted cash flow approach for the development, marketing, and sale of each community acquired. Significant assumptions included in our estimate include future per lot development costs, construction and overhead costs, mix of products sold in each community, as well as average sales price, and absorption rates. We estimated the fair value of acquired work in process inventories based upon the stage of production of each unit and a gross margin that we believe a market participant would require to complete the remaining development and requisite selling efforts. The stage of production, as of the acquisition date, ranged from recently started lots to fully completed single family residences. We estimated a market participant would require a gross margin ranging from 6% to 20% based upon the stage of production of the individual lot. Goodwill represents the excess of the purchase price over the fair value of assets acquired and liabilities assumed. We expect that $5.4 million of Goodwill will be deductible for tax purposes.  On August 17, 2017, we sold BMCH South Carolina, LLC, a subsidiary of UCP that was acquired as part of our acquisition of UCP, Inc., to a third party for approximately $17.1 million. Accordingly, the estimated fair value of the acquired assets of BMCH South Carolina, LLC was determined to be equal to the disposal price given the proximity of the two transactions. We determined that UCP’s carrying costs approximated fair value for all other acquired assets and assumed liabilities. UCP’s results of operations, which include homebuilding revenues of $114.4 million and $217.8 million, respectively, and income before income tax of $7.4 million and $14.0 million, respectively, are included in our Consolidated Statements of Operations for the three and six months ended June 30, 2018. Sundquist Homes On October 31, 2017, we acquired substantially all the assets and operations and assumed certain liabilities of Sundquist Homes and affiliates, a homebuilder with operations in the greater Seattle, Washington area, for approximately $50.2 million in cash. The acquired assets include owned and controlled land, homes under construction and model homes. As the acquired assets and processes have the ability to create outputs in the form of revenue from the sale of single family residences, we concluded that the acquisition represents a business combination.  The following table summarizes our estimates of the fair value of the assets acquired and liabilities assumed as of the acquisition date of Sundquist Homes (in thousands):    Accounts receivable $ 11  Inventories 55,077  Prepaid expenses and other assets 1,050  Property and equipment, net 142  Total assets $ 56,280   Accounts payable $ 3,646  Accrued expenses and other liabilities 2,431  Total liabilities 6,077  Purchase price/Net equity $ 50,203 Acquired inventories consist of both acquired land and work in process inventories. We determined the estimate of fair value for acquired land inventory with the assistance of a third-party appraiser primarily using a forecasted cash flow approach for the development, marketing, and sale of each community acquired. Significant assumptions included in our estimate include future per lot development costs, construction and overhead costs, mix of products sold in each community, as well as average sales price, and absorption rates. We estimated the fair value of acquired work in process inventories based upon the stage of production of each unit and a gross margin that we believe a market participant would require to complete the remaining development and requisite selling efforts. The stage of production, as of the acquisition date, ranged from recently started lots to fully completed single family residences. We estimated a market participant would require a gross margin ranging from 6% to 20% based upon the stage of production of the individual lot. The purchase price accounting reflected in the accompanying financial statements is preliminary and is based upon estimates and assumptions that are subject to change within the measurement period (up to one year from the acquisition date). We expect that $4.8 million of Goodwill will be deductible for tax purposes in connection with this acquisition. We determined that Sundquist Homes’s carrying costs approximated fair value for all other acquired assets and assumed liabilities. Sundquist Homes’s results of operations, which include homebuilding revenues of $21.1 million and $42.6 million, respectively, and income before tax of $4.3 million and $8.4 million, respectively, are included in our accompanying Consolidated Statements of Operations for the three and six months ended June 30, 2018. WJH, LLC - Wade Jurney Homes On June 14, 2018, we acquired the remaining 50% ownership interest in WJH for $37.5 million, whereby WJH became a 100% owned subsidiary of the Company. We initially acquired a 50% ownership interest in WJH in November 2016 as part of a joint venture, which was accounted for under the equity method of accounting. Our Wade Jurney Homes brand solely targets first time homebuyers in markets which are traditionally underserved by new homebuilders, sells homes through retail studios, and provides no option or upgrade selections. The acquired assets primarily include homes under construction. As the acquired assets and processes have the ability to create outputs in the form of revenue from the sale of single family residences, we concluded that the acquisition represents a business combination. We incurred $0.2 million in acquisition costs which are reflected in acquisition expenses in our Consolidated Statement s of Operations.  Authoritative guidance on accounting for business combinations requires that an acquirer re-measure its previously held equity interest in the acquisition at its acquisition date fair value and recognize the resulting gain or loss in earnings. As such, we valued our previously held equity interest in WJH at $35.6 million, which is inclusive of an estimated discount for lack of control of $1.9 million, and recognized a gain of $7.2 million during the three months ended June 30, 2018. The gain is included in “Equity in income of unconsolidated subsidiaries” on our Consolidated Statements of Operations.  The following table outlines the total consideration transferred, inclusive of cash acquired and the fair value of our previously held equity interest (in thousands):     Cash consideration transferred for 50% ownership interest $ 37,500  Previously held equity interest acquisition date fair value 35,625  Net assets acquired $ 73,125  The following table summarizes our preliminary estimates of the assets acquired and liabilities assumed as of the acquisition date (in thousands):    Cash and cash equivalents $ 9,464  Cash held in escrow 260  Accounts receivable 1,042  Inventories 160,070  Prepaid expenses and other assets 7,710  Amortizable intangible assets 3,375  Goodwill 300  $ 182,221   Accounts payable $ 12,516  Accrued expenses and other liabilities 2,349  Senior notes and revolving line of credit 94,231  Total liabilities 109,096  Net assets acquired $ 73,125 Acquired inventories consist primarily of work in process inventories. We estimated the fair value of acquired work in process inventories based upon the stage of production of each unit and a gross margin that we believe a market participant would require to complete the remaining development and requisite selling efforts. The stage of production, as of the acquisition date, ranged from recently started lots to fully completed single family residences. Amortizable intangible assets include acquired trade names and a non-compete agreement, which were estimated to have fair values of $3.0 million and $0.4 million, respectively, and are amortized over 10 years and 2 years, respectively. The purchase price accounting reflected in the accompanying financial statements is preliminary and is based upon estimates and assumptions that are subject to change within the measurement period (up to one year from the acquisition date). We determined that WJH’s carrying costs approximated fair value for all other acquired assets and assumed liabilities. From the acquisition date, WJH’s results of operations, which include homebuilding revenues of $25.2 million, and loss before tax of $0.2 million, are included in our accompanying Consolidated Statement of Operations for the three months ended June 30, 2018.  Unaudited Pro Forma Financial Information Unaudited pro forma revenues and income before tax expense for the three and six months ended June 30, 2018 gives effect to including the results of the acquisition of WJH as of January 1, 2018. Unaudited pro forma income before tax expense adjusts the operating results of WJH to reflect the additional costs that would have been recorded assuming the fair value adjustments had been applied as of the beginning of the period presented and excludes acquisition expense incurred related to the transactions (in thousands, except share and per share information):     Three months ended June 30, Six months ended June 30,  2018 2018  Total revenues $ 604,120 $ 1,084,131   Income before tax expense $ 43,912 $ 63,184  Tax expense (10,978) (15,795)  Net income $ 32,934 $ 47,389  Less: Undistributed earnings allocated to participating securities (3) (59)  Numerator for basic and diluted pro forma EPS $ 32,931 $ 47,330   Pro forma weighted average shares-basic 29,901,791 29,709,728  Pro forma weighted average shares-diluted 30,170,689 30,003,276   Pro forma basic EPS $ 1.10 $ 1.59  Pro forma diluted EPS $ 1.09 $ 1.58 Unaudited pro forma revenues and income before tax expense for the three and six months ended June 30, 2017 gives effect to including the results of the acquisitions of UCP, Sundquist Homes, and WJH as of January 1, 2017. Unaudited pro forma income before tax expense adjusts the operating results of UCP, Sundquist Homes, and WJH to reflect the additional costs that would have been recorded assuming the fair value adjustments had been applied as of the beginning of the period presented and excludes acquisition expense incurred related to the transactions. Pro forma basic and diluted earnings per share (which we refer to as “Pro forma EPS”) gives effect to the issuance of approximately 4.2 million shares of common stock as consideration for the acquisition of UCP as though the acquisition had occurred on January 1, 2017 (in thousands, except share and per share information):      Three months ended June 30, Six months ended June 30,  2017 2017  Total revenues $ 477,599 $ 862,615   Income before tax expense $ 34,245 $ 57,051  Tax expense (8,294) (12,204)  Net income $ 25,951 $ 44,847  Less: Undistributed earnings allocated to participating securities (149) (401)  Numerator for basic and diluted pro forma EPS $ 25,802 $ 44,446   Pro forma weighted average shares-basic 26,321,978 25,990,714  Pro forma weighted average shares-diluted 26,541,931 26,205,816   Pro forma basic EPS $ 0.98 $ 1.71  Pro forma diluted EPS $ 0.97 $ 1.70 

Inventories

Inventories	6 Months Ended
	Jun. 30, 2018
Inventories [Abstract]
Inventories	4. Inventories Inventories included the following (in thousands):     June 30, December 31,  2018 2017  Homes under construction $ 1,069,594 $ 869,554  Land and land development 579,541 479,038  Capitalized interest 47,796 41,762  Total inventories $ 1,696,931 $ 1,390,354

Financial Services

Financial Services	6 Months Ended
	Jun. 30, 2018
Financial Services [Abstract]
Financial Services	 5. Financial Services We use best efforts commitments with various investors to mitigate the risk associated with mortgage loans held for sale. Best efforts commitments which fix the forward sales price that will be realized in the secondary market are used to eliminate our interest rate and price risks. These best effort commitments are considered derivative instruments under ASC 815, “Derivatives and Hedging,” however, we do not have any derivative instruments designated as hedging instruments as of June 30, 2018. Substantially all of the loans originated by us and their related servicing rights are sold in the secondary mortgage market within a short period of time after origination, generally within 30 days. In accordance with ASC 825, “Financial Instruments,” we use the fair value option to record residential mortgage loans available-for-sale at the price they are committed to be sold under the best efforts commitments. Gains and losses from the sale of mortgage loans are recognized based upon the difference between the sales proceeds and carrying value of the related loans upon sale and are recorded in Financial services revenues. Loan origination fees generally represent flat per-loan fee amounts based on a percentage of the principal balance and are recognized as Financial services revenue at the time the loans are closed.  Expected gains and losses from the sale of our loans held for sale are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment. As of June 30, 2018, mortgage loans available-for-sale had an aggregate fair value of $ 57.4 million and an aggregate outstanding principal balance of $55.0 million. The net gain resulting from changes in fair value of the best efforts commitments and mortgage loans held in inventory totaled $0.5 million and $0.5 million for the three and six months ended June 30, 2018, respectively, and $0.5 million and $0.5 million for the three and six months ended June 30, 2017, respectively, and are included in Financial services revenues. Realized net gains from the sale of mortgages during the three and six months ended June 30, 2018 were $5.0 million and $8.7 million, respectively, and were $0.4 million and $0.4 million for the three and six months ended June 30, 2017, respectively. 

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets	6 Months Ended
	Jun. 30, 2018
Prepaid Expenses and Other Assets [Abstract]
Prepaid Expenses and Other Assets	6. Prepaid Expenses and Other Assets Prepaid expenses and other assets included the following (in thousands):     June 30, December 31,  2018 2017  Prepaid insurance $ 5,706 $ 6,549  Lot option and escrow deposits 37,952 35,700  Performance deposits 3,944 3,295  Deferred financing costs revolving line of credit, net 4,652 1,795  Restricted cash 4,539 4,881  Secured notes receivable 4,894 2,753  Other 9,419 5,839  Total prepaid expenses and other assets $ 71,106 $ 60,812 Restricted cash is comprised of customer deposits held in escrow pursuant to certain state laws and pledge accounts related to our mortgage repurchase facilities.

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	6 Months Ended
	Jun. 30, 2018
Accrued Expenses and Other Liabilities [Abstract]
Accrued Expenses and Other Liabilities	7. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities included the following (in thousands):     June 30, December 31,  2018 2017  Earnest money deposits $ 17,744 $ 14,077  Warranty reserve 10,269 8,531  Accrued compensation costs 19,572 22,129  Land development and home construction accruals 74,502 61,918  Liability for product financing arrangement 15,468 19,751  Accrued interest 14,577 14,435  Income taxes payable — 851  Other 9,953 8,664  Total accrued expenses and other liabilities $ 162,085 $ 150,356 

Warranties

Warranties	6 Months Ended
	Jun. 30, 2018
Warranties [Abstract]
Warranties	8. Warranties  Generally, we provide each homeowner with product warranties covering workmanship and materials for one year from the time of closing, and warranties covering structural systems for eight to 10 years from the time of closing. 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 our 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 $0.1 million and $0.2 million during the three and six months ended June 30, 2018 , respectively, which is included as a reduction to cost of homes sales revenues on our Consolidated Statements of Operations. The following table summarizes the changes in our warranty accrual (in thousands):    Three months ended June 30, Six months ended June 30,  2018 2017 2018 2017  Beginning balance $ 8,961 $ 2,731 $ 8,531 $ 2,479  Warranty reserve assumed in business combination 397 — 397 —  Warranty expense provisions 1,787 705 3,221 1,582  Payments (761) (379) (1,720) (748)  Warranty adjustment (115) — (160) (256)  Ending balance $ 10,269 $ 3,057 $ 10,269 $ 3,057

Debt

Debt	6 Months Ended
	Jun. 30, 2018
Debt [Abstract]
Debt	9. Debt  Our outstanding debt obligations included the following as of June 30, 2018 and December 31, 2017 (in thousands):       June 30, December 31,  2018 2017  6.875% senior notes, due May 2022 (1) $ 379,891 $ 379,238  5.875% senior notes, due July 2025 (1) 395,064 394,725  Other financing obligations 2,320 2,320  Senior notes payable 777,275 776,283  Revolving line of credit, due April 2022 130,000 —  Mortgage repurchase facilities 52,999 48,319  Total debt $ 960,274 $ 824,602 (1) The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes. Revolving line of credit On October 21, 2014, we entered into a Credit Agreement with Texas Capital Bank, National Association, as Administrative Agent and L/C Issuer, and the lenders from time to time party thereto. On June 5, 2018, we entered into an Amended and Restated Credit Agreement which amends and restates the Credit Agreement. The Amended and Restated Credit Agreement provides us with a revolving line of credit of up to $540.0 million, and unless terminated earlier, will mature on April 30, 2022 . Under the terms of the Amended and Restated Credit Agreement, we may request a twelve-month extension of the maturity date and are entitled to request an increase in the size of the credit f acility by an amount not exceeding $100.0 million. If the existing lenders elect not to provide the full amount of a requested increase, we may invite one or more other lender(s) to become a party to the Amended and Restated Credit Agreement, subject to the approval of the Administrative Agent. Our obligations under the Amended and Restated Credit Agreement are guaranteed by certain of our subsidiaries. The Amended and Restated 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. These covenants are measured as defined in the Amended and Restated Credit Agreement and are reported to the lenders quarterly. Borrowings under the Amended and Restated Credit Agreement bear interest at a floating rate equal to the adjusted Eurodollar Rate plus an applicable margin between 2.60% and 3.10% per annum, or, in the Administrative Agent’s discretion, a base rate plus an applicable margin between 1.60% and 2.10% per annum. On June 28, 2018, we entered into a Joinder Agreement which increased the credit facility to $590.0 million by exercising $50.0 million of the $100.0 million accordion feature and added a new lender. As of June 30, 2018 , we had $130.0 million outstanding under the credit facility leaving $460.0 million in availability and were in compliance with all covenants. Mortgage Repurchase Facilities – Financial Services On May 4, 2018, Inspire Home Loans Inc. (which we refer to as “Inspire”), an indirect wholly-owned subsidiary of the Company, entered into a Mortgage Warehouse Line of Credit, with Comerica Bank, upon the expiration of our first Master Repurchase Agreement. The Mortgage Warehouse Line of Credit (which we refer to as the “Third Master Repurchase Agreement”) provides Inspire with an uncommitted Mortgage Warehouse Line of Credit of up to $40 million , secured by the mortgage loans financed thereunder. Our existing Second Master Repurchase Agreements provided Inspire with revolving mortgage loan repurchase facilities of up to $35 million, providing Inspire a total potential lending capacity of up to $75 million. Amounts outstanding under the Repurchase Facilities are not guaranteed by us or any of our subsidiaries and contain various affirmative and negative covenants applicable to Inspire that are customary for arrangements of this type. As of June 30, 2018, we had $53.0 million outstanding under the Repurchase Facilities and were in compliance with all covenants.

Interest

Interest	6 Months Ended
	Jun. 30, 2018
Interest [Abstract]
Interest	10. Interest Interest is capitalized to inventories while the related communities are being actively developed and until homes are completed. As our qualifying assets exceeded our outstanding debt during the three and six months ended June 30, 2018 and 2017, 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 June 30, Six months ended June 30,  2018 2017 2018 2017  Interest capitalized beginning of period $ 46,160 $ 31,713 $ 41,762 $ 28,935  Interest capitalized during period 13,920 10,830 27,277 18,564  Less: capitalized interest in cost of sales (12,284) (6,875) (21,243) (11,831)  Interest capitalized end of period $ 47,796 $ 35,668 $ 47,796 $ 35,668 

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2018
Income Taxes [Abstract]
Income Taxes	11 . Income Taxes  On December 22, 2017, the Tax Cuts and Jobs Act (which we refer to as the “TCJA”) was signed into law. The TCJA significantly reforms the Internal Revenue Code of 1986, as amended. The TCJA, among other things, contains significant changes to corporate taxation, including reduction of the corporate tax rate, commencing in 2018, from a top marginal rate of 35% to a flat rate of 21% , limitation of the tax deduction for interest expense to 30% of adjusted earnings (except for certain small businesses), limitation of the deduction for net operating losses to 80% of current year taxable income, elimination of net operating loss carrybacks, immediate deductions for certain new investments instead of deductions for depreciation expense over time, and modifying or repealing many business deductions and credits including the deduction for domestic production activities. Also on December 22, 2017, the SEC staff issued Staff Accounting Bulletin No. 118 (SAB 118) which addresses the application of ASC Topic 740 to the TCJA. SAB 118 outlines that if the accounting for the effects of the TCJA is incomplete, but a reasonable estimate can be made, then provisional amount should be reflected in the financial statements. Our accounting for the impacts of the TCJA related to current and deferred taxes, and in particular our deferred taxes related to our acquisition of UCP and Sundquist Homes was incomplete when we issued our consolidated financial statements for the year ended December 31, 2017. During the three and six months ended June 30, 2018, we continued to refine our accounting for the TCJA, including refining certain calculations associated with UCP’s distributive share of its investment in UCP, LLC at the acquisition date of August 4, 2017 in accordance with I.R.C. §704(c). These refinements resulted in measurement period adjustments increasing our income tax provision for the three months ended June 30, 2018 by $0.6 million and benefiting our income tax provision for the six months ended June 30, 2018 by $1.1 million. 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 2018 estimated annual effective tax rate of 26.5% is driven by our blended federal and state statutory rate of 24.9% , and certain permanent differences between GAAP and tax which increased our rate by 1.6% .  For the three months ended June 30, 2018 our estimated annual rate of 26.5% was impacted by discrete items which had a net impact of increasing our rate by 2.1% . The discrete items recognized during the three months ended June 30, 2018 included federal energy credits for homes delivered in 2017 which benefited our rate by 3.3% , deferred taxes related to our step acquisition of WJH which increased our rate by 4.1% , and measurement period adjustments under SAB 118 described above, which increased our rate by 1.3% .  For the six months ended June 30, 2018, our estimated annual rate of 26.5% was impacted by discrete items which had a net impact of decreasing our rate by 2.9% . The discrete items recognized during the six months ended June 30, 2018 included federal energy credits for homes delivered in 2017 which benefited our rate by 2.2% , excess tax benefits for vested stock-based compensation which benefited our rate by 2.0% , and measurement period adjustments under SAB 118 described above, which decreased our rate by 1.5% . These items were partially offset by a discrete item for deferred taxes related to our step acquisition of WJH which increased our rate by 2.8% .  For the three and six months ended June 30, 2018 and 2017, we recorded income tax expense of $13.3 million $16.4 million, respectively. 

Fair Value Disclosures

Fair Value Disclosures	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value Disclosures	12. 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 the measurement date and requires assets and liabilities carried at fair value to be classified and disclosed in the following three categories: Level 1 — Quoted prices for identical instruments in active markets. Level 2 — Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are inactive; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets at measurement date. Level 3 — Valuations derived from techniques where one or more significant inputs or significant value drivers are unobservable in active markets at measurement date. The following table presents carrying values and estimated fair values of financial instruments (in thousands):    June 30, 2018 December 31, 2017   Hierarchy Carrying Fair Value Carrying Fair Value  Secured notes receivable (1) Level 2 $ 4,894 $ 4,861 $ 2,753 $ 2,727  Mortgage loans held for sale (2) Level 2 $ 57,353 $ 57,353 $ 52,327 $ 52,327   6.875% senior notes (3) Level 2 $ 379,891 $ 387,089 $ 379,238 $ 397,044  5.875 % senior notes (3) Level 2 $ 395,064 $ 371,064 $ 394,725 $ 400,225  Revolving line of credit (4) Level 2 $ 130,000 $ 130,000 $ — $ —  Other (4) Level 2 $ 2,320 $ 2,320 $ 2,320 $ 2,320  Mortgage repurchase facilities (4) Level 2 $ 52,999 $ 52,999 $ 48,319 $ 48,319 (1) Estimated fair value of the secured notes receivable was based on cash flow models discounted at market interest rates that considered the underlying risks of the note. (2) The mortgage loans held for sale are carried at fair value, which was based on quoted market prices for those committed mortgage loans. (3) Estimated fair value of the senior notes incorporated recent trading activity in inactive markets. (4) 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 are measured at fair value when acquired in a business combination. Long-lived assets determined to be impaired are measured at fair value.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2018
Stock-Based Compensation [Abstract]
Stock-Based Compensation	13. Stock-Based Compensation During the three months ended June 30, 2018, we granted performance share units (which we refer to as “PSUs”) covering up to 0.3 million shares of common stock, assuming maximum level of performance, with a grant date fair value of $28.10 per share that are subject to both service and performance vesting conditions. The quantity of shares that will vest under the PSUs range from 0% to 250% of a targeted number of shares for each participant and will be determined based on an achievement of a three -year pre-tax income performance goal. During the three months ended June 30, 2018, we also granted restricted stock units (which we refer to as “RSUs”) covering 0.1 million shares of common stock with a grant date fair value of $30.21 per share that vest on the one -year anniversary. During the six months ended June 30, 2018, we granted the PSUs covering 0.3 million shares of common stock, assuming maximum level of performance, refer red to above, and RSUs covering a total of 0.3 million shares of common stock, together with a weighted average grant date fair value of $30.43 per share. As of June 30, 2018, we had no remaining unvested restricted stock awards (which we refer to as “RSAs”) outstanding. A summary of our outstanding RSUs and PSUs, assuming maximum level of performance, are as follows (in thousands, except years):    As of June 30, 2018  Unvested awards/units 955  Unrecognized compensation cost $ 17,488  Period to recognize compensation cost 1.8 years During the three months ended June 30, 2018 and 2017 , we recognized stock-based compensation expense of $3.8 million and $2.0 million, respectively. During the six months ended June 30, 2018 and 2017, we recognized stock-based compensation expense of $6.3 million and $3.9 million, respectively. Stock-based compensation expense is included in selling, general, and administrative on our Consolidated Statements of Operations.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2018
Stockholders' Equity [Abstract]
Stockholders' Equity	14. 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 June 30, 2018 and December 31, 201 7 , there were 30.1 million and 29.4 million shares of common stock issued and outstanding, respectively, inclusive of the RSAs then outstanding . We issued 0.3 million shares of common stock related to the vesting of restricted RSUs during the three and six months ended June 30, 2018 . As of June 30, 2018, approximately 1.0 million shares remained available for issuance under the Century Communities, Inc. 2017 Omnibus Incentive Plan. On November 7, 2016, we entered into a Distribution Agreement (which we refer to as the “First Distribution Agreement”) with J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Citigroup Global Markets Inc. (which we refer to collectively as the “Sales Agents”), relating to our common stock. Under the First Distribution Agreement, we were authorized to offer and sell shares of our common stock having an aggregate offering price of up to $50.0 million from time to time through any of the Sales Agents in “at-the-market” offerings. On August 9, 2017, we entered into a second Distribution Agreement (which we refer to as the “Second Distribution Agreement”) with the Sales Agents, which superseded and replaced the First Distribution Agreement , pursuant to which we were authorized to offer and sell shares of our common stock having an aggregate offering price of up to $100.0 million from time to time through any of the Sales Agents in at-the-market offerings. On July 3, 2018, we entered into a third Distribution Agreement (which we refer to as the “Third Distribution Agreement”) with J.P. Morgan Securities LLC, Citigroup Global Markets Inc., and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as its sales agents (which we refer to as the “New Sales Agents”), which superseded and replaced the Second Distribution Agreement, pursuant to which we may offer and sell shares of our common stock having an aggregate offering price of up to $100.0 million from time to time through any of the New Sales Agents in at-the-market offerings . During the three and six months ended June 30, 2018, we sold and issued an aggregate of 0.3 million and 0.5 million sh ares of our common stock under the Second Distribution Agreement , which provided net proceeds of $ 9.6 million and $14.6 million, respectively, and, in connection with such sales, paid total commissions and fees to the Sales Agents of $0.2 million and $0.3 million respectively. During the three and six months ended June 30, 2017, we sold and issued an aggregate of 0.4 million and 1.2 million, respectively, shares of our common stock under the First Distribution Agreement, which provided net proceeds of $ 9.6 million and $24.6 million, respectively, and in connection with such sales, paid total commissions and fees to the Sales Agents of $0.2 million and $0.5 million, respectively.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	15. Earnings Per Share We use the two-class method of calculating EPS as our non-vested RSAs 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 RSUs and PSUs as these awards do not have participating rights. The following table sets forth the computation of basic and diluted EPS for the three and six months ended June 30, 2018 and 2017 (in thousands, except share and per share information):   Three m onths e nded Six months ended  June 30, June 30,  2018 2017 2018 2017  Numerator  Net income $ 33,193 $ 14,831 $ 53,212 $ 23,630  Less: Undistributed earnings allocated to participating securities (3) (101) (67) (251)  Net income allocable to common stockholders $ 33,190 $ 14,730 $ 53,145 $ 23,379  Denominator  Weighted average common shares outstanding - basic 29,901,791 22,146,124 29,709,728 21,814,860  Dilutive effect of restricted stock units 268,898 219,953 293,548 215,102  Weighted average common shares outstanding - diluted 30,170,689 22,366,077 30,003,276 22,029,962  Earnings per share:  Basic $ 1.11 $ 0.67 $ 1.79 $ 1.07  Diluted $ 1.10 $ 0.66 $ 1.77 $ 1.06  Stock-based awards are excluded from the calculation of diluted EPS in the event they are subject to unsatisfied performance conditions or are antidilutive. We excluded from diluted earnings per share the common unit equivalents related to 113 RSUs for the six months ended June 30, 2017.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies [Abstract]
Commitments and Contingencies	16. Commitments and Contingencies Letters of Credit and Performance Bonds In the normal course of business, we post letters of credit and performance bonds related to our land development performance obligations with local municipalities. As of June 30, 2018 and December 31, 2017 , we had $191.1 million and $158.6 million, respectively, in letters of credit and performance bonds issued and outstanding. Litigation We are 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 flows.

Supplemental Guarantor Informat

Supplemental Guarantor Information	6 Months Ended
	Jun. 30, 2018
Supplemental Guarantor Information [Abstract]
Supplemental Guarantor Information	17. Supplemental Guarantor Information Our 6.875% senior notes due 2022 and 5.875% senior notes due 2025 (which we collectively refer to as our “Senior Notes ”) are our unsecured senior obligations and are fully and unconditionally guaranteed on an unsecured basis, jointly and severally, by substantially all of our direct and indirect wholly-owned operating subsidiaries (which we refer to collectively as “Guarantors”). Each of the indentures governing our Senior Notes provides that the guarantees of a Guarantor will be automatically and unconditionally released and discharged: (1) upon any sale, transfer, exchange or other disposition (by merger, consolidation or otherwise) of all of the equity interests of such Guarantor after which the applicable Guarantor is no longer a “Restricted Subsidiary” (as defined in the respective indentures ), which sale, transfer, exchange or other disposition does not constitute an “Asset Sale” (as defined in the respective indentures ) or is made in compliance with applicable provisions of the applicable indenture ; (2) upon any sale, transfer, exchange or other disposition (by merger, consolidation or otherwise) of all of the assets of such Guarantor, which sale, transfer, exchange or other disposition does not constitute an Asset Sale or is made in compliance with applicable provisions of the applicable indenture ; provided, that after such sale, transfer, exchange or other disposition, such Guarantor is an “Immaterial Subsidiary” (as defined in the respective indentures ); (3) unless a default has occurred and is continuing, upon the release or discharge of such Guarantor from its guarantee of any indebtedness for borrowed money of the Company and the Guarantors so long as such Guarantor would not then otherwise be required to provide a guarantee pursuant to the applicable indenture ; provided that if such Guarantor has incurred any indebtedness in reliance on its status as a Guarantor in compliance with applicable provisions of the applicable Indenture, such Guarantor’s obligations under such indebtedness, as the case may be, so incurred are satisfied in full and discharged or are otherwise permitted to be incurred by a Restricted Subsidiary (other than a Guarantor) in compliance with applicable provisions of the applicable Indenture; (4) upon the designation of such Guarantor as an “Unrestricted Subsidiary” (as defined in the respective Indentures), in accordance with the applicable indenture ; (5) if the Company exercises its legal defeasance option or covenant defeasance option under the applicable indenture or if the obligations of the Company and the Guarantors are discharged in compliance with applicable provisions of the applicable indenture , upon such exercise or discharge; or (6) in connection with the dissolution of such Guarantor under applicable law in accordance with the applicable indenture . As the guarantees were made in connection with exchange offers effected in February 2015, October 2015 and April 2017 and the issuance of the 5.875% senior notes due 2025 , 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 June 30, 2018 ( in thousands )   Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Assets  Cash and cash equivalents $ — $ 8,343 $ 18,258 $ (7,119) $ 19,482  Cash held in escrow — 43,880 — — 43,880  Accounts receivable 9,169 11,680 41 — 20,890  Investment in consolidated subsidiaries 1,722,426 — — (1,722,426) —  Inventories — 1,696,931 — — 1,696,931  Mortgage loans held for sale — — 57,353 — 57,353  Prepaid expenses and other assets 7,060 61,914 2,132 — 71,106  Deferred tax assets, net 9,704 — — — 9,704  Property and equipment, net 12,399 19,398 685 — 32,482  Amortizable intangible assets, net — 5,573 — — 5,573  Goodwill — 28,272 — — 28,272  Total assets $ 1,760,758 $ 1,875,991 $ 78,469 $ (1,729,545) $ 1,985,673  Liabilities and stockholders’ equity  Liabilities:  Accounts payable $ 24,610 $ 41,737 $ 380 $ (7,119) $ 59,608  Accrued expenses and other liabilities 27,487 132,474 2,124 — 162,085  Senior notes payable 774,955 2,320 — — 777,275  Revolving line of credit 130,000 — — — 130,000  Mortgage repurchase facilities — — 52,999 — 52,999  Total liabilities 957,052 176,531 55,503 (7,119) 1,181,967  Stockholders’ equity: 803,706 1,699,460 22,966 (1,722,426) 803,706  Total liabilities and stockholders’ equity $ 1,760,758 $ 1,875,991 $ 78,469 $ (1,729,545) $ 1,985,673       Supplemental Condensed Consolidated Balance Sheet  As of December 31, 2017 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Assets  Cash and cash equivalents $ 56,234 $ 23,399 $ 9,199 $ — $ 88,832  Cash held in escrow — 37,088 635 — 37,723  Accounts receivable 3,124 9,944 (69) — 12,999  Investment in consolidated subsidiaries 1,434,619 — — (1,434,619) —  Inventories — 1,390,354 — — 1,390,354  Mortgage loans held for sale — — 52,327 — 52,327  Prepaid expenses and other assets 3,028 57,273 511 — 60,812  Deferred tax assets, net 5,555 — — — 5,555  Property and equipment, net 11,694 15,683 534 — 27,911  Investment in unconsolidated subsidiaries 28,208 — — 28,208  Amortizable intangible assets, net — 2,938 — — 2,938  Goodwill — 27,363 — — 27,363  Total assets $ 1,542,462 $ 1,564,042 $ 63,137 $ (1,434,619) $ 1,735,022  Liabilities and stockholders’ equity  Liabilities:  Accounts payable $ 1,452 $ 23,057 $ 322 $ — $ 24,831  Accrued expenses and other liabilities 31,814 117,070 1,472 — 150,356  Senior notes payable 773,963 2,320 — — 776,283  Revolving line of credit — — — — —  Mortgage repurchase facilities — — 48,319 — 48,319  Total liabilities 807,229 142,447 50,113 — 999,789  Stockholders’ equity: 735,233 1,421,595 13,024 (1,434,619) 735,233  Total liabilities and stockholders’ equity $ 1,542,462 $ 1,564,042 $ 63,137 $ (1,434,619) $ 1,735,022      Supplemental Condensed Consolidated Statement of Operations  For the Three Months Ended June 30, 2018 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Revenues  Homebuilding revenues  Home sales revenues $ — $ 522,164 $ — $ — $ 522,164  Land sales and other revenues — 1,714 — — 1,714  — 523,878 — — 523,878  Financial services revenue — — 8,014 — 8,014  Total revenues — 523,878 8,014 — 531,892  Homebuilding cost of revenues  Cost of homes sales revenues — (427,197) — — (427,197)  Cost of land sales and other revenues — (1,040) — — (1,040)  — (428,237) — — (428,237)  Financial services costs — — (5,385) — (5,385)  Selling, general and administrative (18,154) (45,480) — — (63,634)  Acquisition expense (165) — — — (165)  Equity in earnings from consolidated subsidiaries 34,555 — — (34,555) —  Equity in income of unconsolidated subsidiaries 11,681 — — — 11,681  Other income (expense) (22) 372 — — 350  Income before income tax expense 27,895 50,533 2,629 (34,555) 46,502  Income tax (expense) benefit 5,298 (17,687) (920) — (13,309)  Net income $ 33,193 $ 32,846 $ 1,709 $ (34,555) $ 33,193       Supplemental Condensed Consolidated Statement of Operations  For the Three Months Ended June 30, 2017 ( in thousands )   Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Revenues  Homebuilding revenues  Home sales revenues $ — $ 287,588 $ — $ — $ 287,588  Land sales and other revenues — 2,493 — — 2,493  — 290,081 — — 290,081  Financial services revenue — — 1,502 241 1,743  Total revenues — 290,081 1,502 241 291,824  Homebuilding cost of revenues  Cost of homes sales revenues — (233,888) — — (233,888)  Cost of land sales and other revenues — (1,746) — — (1,746)  — (235,634) — — (235,634)  Financial services costs — — (1,445) — (1,445)  Selling, general and administrative (7,587) (26,633) — — (34,220)  Acquisition expense (916) — — — (916)  Equity in earnings from consolidated subsidiaries 18,687 — — (18,687) —  Equity in income from unconsolidated subsidiaries 2,676 — — — 2,676  Other income (expense) 316 508 — — 824  Income before income tax expense 13,176 28,322 57 (18,446) 23,109  Income tax (expense) benefit 1,655 (9,913) (20) — (8,278)  Net income $ 14,831 $ 18,409 $ 37 $ (18,446) $ 14,831        Supplemental Condensed Consolidated Statement of Operations  For the Six Months Ended June 30, 2018 (in thousands)   Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Revenues  Homebuilding revenues  Home sales revenues $ — $ 916,995 $ — $ — $ 916,995  Land sales and other revenues — 3,174 — — 3,174  — 920,169 — — 920,169  Financial services revenue — — 13,571 — 13,571  Total revenues — 920,169 13,571 — 933,740  Homebuilding cost of revenues  Cost of homes sales revenues — (746,780) — — (746,780)  Cost of land sales and other revenues — (1,917) — — (1,917)  — (748,697) — — (748,697)  Financial services costs — — (9,781) — (9,781)  Selling, general and administrative (33,616) (86,540) — — (120,156)  Acquisition expense (338) — — — (338)  Equity in earnings from consolidated subsidiaries 65,837 — — (65,837) —  Equity in income of unconsolidated subsidiaries 14,849 — — — 14,849  Other income (expense) (255) 247 — — (8)  Income (loss) before income tax expense 46,477 85,179 3,790 (65,837) 69,609  Income tax (expense) benefit 6,735 (22,146) (986) — (16,397)  Net income $ 53,212 $ 63,033 $ 2,804 $ (65,837) $ 53,212         Supplemental Condensed Consolidated Statement of Operations  For the Six Months Ended June 30, 2017 (in thousands)   Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Revenues  Homebuilding revenues  Home sales revenues $ — $ 514,008 $ — $ — $ 514,008  Land sales and other revenues — 4,389 — — 4,389  — 518,397 — — 518,397  Financial services revenue — — 1,743 — 1,743  Total revenues — 518,397 1,743 — 520,140  Homebuilding cost of revenues  Cost of homes sales revenues — (416,212) — — (416,212)  Cost of land sales and other revenues — (2,890) — — (2,890)  — (419,102) — — (419,102)  Financial services costs — — (2,199) — (2,199)  Selling, general and administrative (17,535) (49,897) — — (67,432)  Acquisition expense (1,439) — — — (1,439)  Equity in earnings from consolidated subsidiaries 32,400 — — (32,400) —  Equity in income from unconsolidated subsidiaries 3,931 — — — 3,931  Other income (expense) 357 868 36 — 1,261  Income (loss) before income tax expense 17,714 50,266 (420) (32,400) 35,160  Income tax (expense) benefit 5,916 (17,593) 147 — (11,530)  Net income $ 23,630 $ 32,673 $ (273) $ (32,400) $ 23,630      Supplemental Condensed Consolidated Statement of Cash Flows  For the Six Months Ended June 30, 2018 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Net cash provided by/(used in) operating activities $ (28,930) $ (43,880) $ (963) $ (7,119) $ (80,892)  Net cash used in investing activities $ (68,490) $ (163,120) $ (152) $ 196,514 $ (35,248)  Financing activities  Borrowings under revolving credit facilities $ 305,000 $ — $ — $ — $ 305,000  Payments on revolving credit facilities (175,000) — — — (175,000)  Extinguishments of debt assumed in business combination (94,231) — — — (94,231)  Debt issuance costs (3,521) — — — (3,521)  Repurchases of common stock upon vesting of restricted stock awards (4,788) — — — (4,788)  Payments from (and advances to) parent/subsidiary (583) 189,959 7,138 (196,514) —  Net proceeds from mortgage repurchase facilities — — 4,679 — 4,679  Net proceeds from issuances of common stock 14,309 — — — 14,309  Net cash provided by financing activities $ 41,186 $ 189,959 $ 11,817 $ (196,514) $ 46,448  Net decrease $ (56,234) $ (17,041) $ 10,702 $ (7,119) $ (69,692)  Cash and cash equivalents and Restricted cash  Beginning of period $ 56,234 $ 28,044 $ 9,435 $ — $ 93,713  End of period $ — $ 11,003 $ 20,137 $ (7,119) $ 24,021   Cash and cash equivalents $ — $ 8,343 $ 18,258 $ (7,119) $ 19,482  Restricted Cash — 2,660 1,879 — 4,539  Cash and cash equivalents and Restricted cash $ — $ 11,003 $ 20,137 $ (7,119) $ 24,021      Supplemental Condensed Consolidated Statement of Cash Flows  For the Six Months Ended June 30, 2017 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Net cash provided by/(used in) operating activities $ (856) $ (26,788) $ (11,661) $ — $ (39,305)  Net cash used in investing activities $ (45,267) $ (4,690) $ (325) $ 44,447 $ (5,835)  Financing activities  Borrowings under revolving credit facilities $ 75,000 $ — $ — $ — $ 75,000  Payments on revolving credit facilities (270,000) — — — (270,000)  Proceeds from issuance of senior notes 523,000 — — — 523,000  Principal payments on notes payable — (2,541) — — (2,541)  Debt issuance costs (3,593) — — — (3,593)  Repurchase of common stock upon vesting of restricted stock awards (3,693) — — — (3,693)  Payments from (and advances to) parent/subsidiary — 43,045 1,402 (44,447) —  Net proceeds from mortgage repurchase facility — — 10,551 — 10,551  Net proceeds from issuances of common stock 24,333 — — — 24,333  Net cash provided by financing activities $ 345,047 $ 40,504 $ 11,953 $ (44,447) $ 353,057  Net decrease $ 298,924 $ 9,026 $ (33) $ — $ 307,917  Cash and cash equivalents and Restricted cash  Beginning of period $ 14,637 $ 10,150 $ 6,167 $ — $ 30,954  End of period $ 313,561 $ 19,176 $ 6,134 $ — $ 338,871   Cash and cash equivalents $ 313,561 $ 17,091 $ 6,134 $ — $ 336,786  Restricted Cash — 2,085 — — 2,085  Cash and cash equivalents and Restricted cash $ 313,561 $ 19,176 $ 6,134 $ — $ 338,871 

Basis of Presentation (Policy)

Basis of Presentation (Policy)	6 Months Ended
	Jun. 30, 2018
Basis of Presentation [Abstract]
Basis of Presentation	Basis of Presentation  Century Communities, Inc. (which we refer to as “we,” “our,” or the “Company”), together with its subsidiaries, is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in metropolitan areas in the States of Alabama, California, Colorado, Florida, Georgia, Nevada, North Carolina, South Carolina, Tennessee, Texas, Utah, and Washington. In many of our projects, in addition to building homes, we are responsible for the entitlement and development of the underlying land. We build and sell homes under our Century Communities and Wade Jurney Homes brands. Our Century Communities brand targets a wide range of buyer profiles including: first time, first time move up, and active adult homebuyers, and provides our homebuyers with the ability to personalize their homes through certain option and upgrade selections. Our Wade Jurney Homes brand solely targets first time homebuyers in markets which are traditionally underserved by new homebuilders, sells homes through retail studios, and provides no option or upgrade selections. Our homebuilding operations are organized into the following five reportable segments: West, Mountain, Texas, Southeast, and Wade Jurney Homes. Additionally, our indirect wholly-owned subsidiaries, Inspire Home Loans, Inc. and Parkway Title, LLC, which provide mortgage services and title services, respectively, to our home buyers have been identified as our Financial Services segment. On August 4, 2017, we acquired UCP, Inc. (which we refer to as “UCP”) which was a homebuilder and land developer with expertise in residential land acquisition, development and entitlement, as well as home design, construction and sales, and with operations in the States of California, Washington, North Carolina, South Carolina, and Tennessee. In connection with the merger, each share of UCP Class A common stock outstanding immediately prior to the closing was converted into $5.32 in cash and 0.2309 of a newly issued share of our common stock. Approximately 4.2 million shares of our common stock were issued and $100.2 million in cash was paid in connection with the merger for total consideration of $209.0 million. O n October 31, 2017, we acquired substantially all the assets and operations and assumed certain liabilities of Sundquist Homes, LLC and affiliates (which we refer to as “Sundquist Homes”), a homebuilder with operations in the greater Seattle, Washington area, for approximately $50.2 million. On June 14, 2018, we acquired the remaining 50% ownership interest in W J H, LLC (which we refer to as “WJH” or “Wade Jurney Homes” ) for $37.5 million. WJH specializes in providing single family homes for first time buyers. On the acquisition date, WJH had operations in Alabama, Florida, Georgia, North Carolina and South Carolina. 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 our 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, 2017, which are included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2017 that was filed with the SEC on March 1, 2018.
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company, as well as all subsidiaries in which we have a controlling interest, and variable interest entities for which the Company is deemed to be the primary beneficiary. We do not have any variable interest entities in which we are deemed the primary beneficiary. All intercompany accounts and transactions have been eliminated. All numbers related to lots and communities disclosed in the notes to the consolidated financial statements are unaudited.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Accordingly, actual results could differ from those estimates.
Recently Issued And Adopted Accounting Standards	Recently Issued Accounting Standards In February 2016, the Financial Accounting Standards Board (which we refer to as “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. Recently Adopted Accounting Standards 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. In November 2016, the FASB issued ASU 2016-18 “Statement of Cash Flows – Restricted Cash.” ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and restricted cash when reconciling the beginning of period and end of period total amounts shown on the statement of cash flows. We adopted ASU 2016-15 and 2016-18 on January 1, 2018. Upon adoption of 2016-18, we have included restricted cash in the beginning and ending balances on our Statements of Cash Flows to present the changes during the period in total cash, cash equivalents and restricted cash. Distributions from investments in unconsolidated subsidiaries are classified based on the nature of the activity of the investee that generated the distribution on our Statement s of Cash Flow s . In accordance with ASU 2016-1 8 , our prior year Statements of Cash Flows ha ve also been retrospectively adjusted. Revenue Recognition On January 1, 2018, we adopted “Revenue from Contracts with Customers (ASC 606),” which we refer to as “ASC 606.” ASC 606 requires entities to recognize revenues when control of the promised goods or services is transferred to customers at an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. We adopted ASC 606 as of January 1, 2018 using the modified retrospective approach to contracts which were not completed as of January 1, 2018.  While the adoption of ASC 606 did not result in a material impact to our consolidated financial statements, it did impact the following:  · Certain immaterial costs incurred related to our model homes, which were previously capitalized to inventory, are now expensed as incurred. · Forfeited customer earnest money deposits, which were previously presented in other income within our Consolidated Statements of Operations, are presented as other revenue. During the three and six months ended June 30, 2018, we recognized $0.3 million and $0.4 million of forfeited deposits, respectively. · Land sales to third parties which do not meet the definition of a customer in ASC 606 are classified as other income in our Consolidated Statements of Operations . During the three and six months ended June 30, 2018, we recorded $5.0 million and $6.9 million from the disposition of land to third parties which were not considered customers, respectively. The related cost of these land dispositions during the same periods totaled $5.0 million and $7.2 million, respectively. · Deferral of an allocated amount of revenue and costs associated with unsatisfied performance obligations, primarily the installation of landscaping, at the time of home delivery. We deferred $0.4 million and $1. 8 million in revenue and $0.3 million and $1.4 million in costs related to unsatisfied performance obligations on homes that we delivered during the three and six months ended June 30, 2018, respectively. · Reclassification of certain costs related to our model homes from inventory to property and equipment on our Consolidated Balance Sheets. Upon adoption, we reclassified $2.3 million from inventories to property and equipment. Under the modified retrospective approach, we have recorded an opening adjustment to decrease retained earnings by $0.6 million, related to model homes costs that were previously capitalized to inventory, but would have been expensed as incurred under ASC 606. This amount is included as a non-cash adjustment on our Condensed Consolidated Statements of Cash Flows. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting. Effective January 1, 2018 , the following accounting policies have been modified to reflect the adoption of ASC 606. Home Sales Revenues - Under ASC 606, revenues from home sales and the related profit are recorded when our performance obligations are satisfied, which generally occurs when the respective homes are closed and title has passed to our homebuyers. We generally satisfy our performance obligations in less than one year from the contract date. Proceeds from home closings that are held for our benefit in escrow, are presented as “Cash held in escrow” on our Consolidated Balance Sheets. Cash held for our benefit in escrow is typically held by the escrow agent for less than a few days. When it is determined that the earnings process is not complete and we have remaining obligations, the related revenue and costs are deferred for recognition in future periods until those performance obligations have been satisfied. Prior to satisfying our performance obligations , we typically receive deposits from customers related to sold but undelivered homes. These deposits are classified as earnest money deposits and are included in Accrued expenses and other liabilities on our Consolidated Balance Sheets. Earnest money deposits totaled $17. 7 million and $14.1 million at June 30, 2018 and December 31, 2017, respectively. Home and Sales Facilities – Costs related to our model homes and sales facilities are treated in one of three ways depending on their nature. Costs directly attributable to the home including upgrades that are permanent and sold with the home are capitalized to inventory and included in cost of home sales revenues when the unit is closed to the home buyer. Marketing related costs, such as non-permanent signage, brochures and marketing materials as well as the cost to convert the model into a salable unit are expensed as incurred. Costs to furnish the model home sites, permanent signage, and construction of sales facilities are capitalized to property and equipment and depreciated over the estimated life of the community based on the number of lots in the community which typically range from 2 to 3 years.

Reporting Segments (Tables)

Reporting Segments (Tables)	6 Months Ended
	Jun. 30, 2018
Reporting Segments [Abstract]
Schedule Of Total Revenue And Pretax Income By Segment	  Three months ended June 30, Six months ended June 30,  2018 2017 2018 2017  Revenue:  West $ 129,218 $ — $ 248,139 $ —  Mountain 180,523 164,265 326,016 286,301  Texas 63,545 44,350 101,573 75,240  Southeast 125,346 81,466 219,195 156,856  Wade Jurney Homes 25,246 — 25,246 —  Financial Services 8,014 1,743 13,571 1,743  Corporate — — — —  Total revenue $ 531,892 $ 291,824 $ 933,740 $ 520,140   Income (loss) before income tax expense:  West $ 12,022 $ — $ 21,890 $ —  Mountain 25,319 21,912 43,242 37,036  Texas 4,972 2,412 6,780 4,241  Southeast 9,149 4,792 13,830 10,608  Wade Jurney Homes (186) — (186) —  Financial Services 2,629 57 3,790 (697)  Corporate (7,403) (6,064) (19,737) (16,028)  Total income before income tax expense $ 46,502 $ 23,109 $ 69,609 $ 35,160 
Schedule Of Total Assets By Segment	  June 30, December 31,  2018 2017  West $ 408,167 $ 394,215  Mountain 605,803 571,880  Texas 199,181 192,078  Southeast 458,645 401,618  Wade Jurney Homes 153,559 —  Financial Services 79,001 63,137  Corporate 81,317 112,094  Total assets $ 1,985,673 $ 1,735,022 

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Jun. 30, 2018
UCP, Inc [Member]
Business Combinations [Line Items]
Summary Of Total Consideration	  UCP shares (including noncontrolling interest) as of August 3, 2017 18,085  Cash paid per share $ 5.32  Cash consideration $ 96,213  Cash consideration pertaining to stockholder exercising appraisal rights $ 3,937  Total cash consideration $ 100,150   UCP shares (including noncontrolling interest) as of August 3, 2017 18,085  Exchange ratio 0.2309  Number of CCS shares issued 4,176  Closing price of Century Communities common stock on August 3, 2017 $ 25.80  Consideration attributable to common stock $ 107,737  Total replacement award value $ 1,149  Total equity consideration $ 108,886   Total consideration in cash and equity $ 209,036 
Schedule Of Estimate Of Fair Values Of Assets Acquired And Liabilities Assumed	  Cash and cash equivalents $ 20,264  Accounts receivable 7,897  Inventories 390,234  Prepaid expenses and other assets 6,988  Property and equipment, net 717  Deferred tax asset, net 11,090  Goodwill 6,607  Total assets $ 443,797   Accounts payable $ 10,712  Accrued expenses and other liabilities 71,130  Notes payable 152,919  Total liabilities 234,761  Purchase price/Net equity $ 209,036 
Pro Forma Financial Information [Abstract]
Schedule Of Pro Forma Information	  Three months ended June 30, Six months ended June 30,  2017 2017  Total revenues $ 477,599 $ 862,615   Income before tax expense $ 34,245 $ 57,051  Tax expense (8,294) (12,204)  Net income $ 25,951 $ 44,847  Less: Undistributed earnings allocated to participating securities (149) (401)  Numerator for basic and diluted pro forma EPS $ 25,802 $ 44,446   Pro forma weighted average shares-basic 26,321,978 25,990,714  Pro forma weighted average shares-diluted 26,541,931 26,205,816   Pro forma basic EPS $ 0.98 $ 1.71  Pro forma diluted EPS $ 0.97 $ 1.70 
Sundquist Homes [Member]
Business Combinations [Line Items]
Schedule Of Estimate Of Fair Values Of Assets Acquired And Liabilities Assumed	  Accounts receivable $ 11  Inventories 55,077  Prepaid expenses and other assets 1,050  Property and equipment, net 142  Total assets $ 56,280   Accounts payable $ 3,646  Accrued expenses and other liabilities 2,431  Total liabilities 6,077  Purchase price/Net equity $ 50,203 
Wade Jurney Homes [Member]
Business Combinations [Line Items]
Schedule Of Total Consideration Transferred	  Cash consideration transferred for 50% ownership interest $ 37,500  Previously held equity interest acquisition date fair value 35,625  Net assets acquired $ 73,125 
Schedule Of Estimate Of Fair Values Of Assets Acquired And Liabilities Assumed	  Cash and cash equivalents $ 9,464  Cash held in escrow 260  Accounts receivable 1,042  Inventories 160,070  Prepaid expenses and other assets 7,710  Amortizable intangible assets 3,375  Goodwill 300  $ 182,221   Accounts payable $ 12,516  Accrued expenses and other liabilities 2,349  Senior notes and revolving line of credit 94,231  Total liabilities 109,096  Net assets acquired $ 73,125 
Pro Forma Financial Information [Abstract]
Schedule Of Pro Forma Information	  Three months ended June 30, Six months ended June 30,  2018 2018  Total revenues $ 604,120 $ 1,084,131   Income before tax expense $ 43,912 $ 63,184  Tax expense (10,978) (15,795)  Net income $ 32,934 $ 47,389  Less: Undistributed earnings allocated to participating securities (3) (59)  Numerator for basic and diluted pro forma EPS $ 32,931 $ 47,330   Pro forma weighted average shares-basic 29,901,791 29,709,728  Pro forma weighted average shares-diluted 30,170,689 30,003,276   Pro forma basic EPS $ 1.10 $ 1.59  Pro forma diluted EPS $ 1.09 $ 1.58 

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2018
Inventories [Abstract]
Schedule Of Inventories	   June 30, December 31,  2018 2017  Homes under construction $ 1,069,594 $ 869,554  Land and land development 579,541 479,038  Capitalized interest 47,796 41,762  Total inventories $ 1,696,931 $ 1,390,354 

Prepaid Expenses and Other As27

Prepaid Expenses and Other Assets (Tables)	6 Months Ended
	Jun. 30, 2018
Prepaid Expenses and Other Assets [Abstract]
Schedule Of Prepaid Expenses And Other Assets	  June 30, December 31,  2018 2017  Prepaid insurance $ 5,706 $ 6,549  Lot option and escrow deposits 37,952 35,700  Performance deposits 3,944 3,295  Deferred financing costs revolving line of credit, net 4,652 1,795  Restricted cash 4,539 4,881  Secured notes receivable 4,894 2,753  Other 9,419 5,839  Total prepaid expenses and other assets $ 71,106 $ 60,812 

Accrued Expenses and Other Li28

Accrued Expenses and Other Liabilities (Tables)	6 Months Ended
	Jun. 30, 2018
Accrued Expenses and Other Liabilities [Abstract]
Schedule Of Accrued Expenses And Other Liabilities	   June 30, December 31,  2018 2017  Earnest money deposits $ 17,744 $ 14,077  Warranty reserve 10,269 8,531  Accrued compensation costs 19,572 22,129  Land development and home construction accruals 74,502 61,918  Liability for product financing arrangement 15,468 19,751  Accrued interest 14,577 14,435  Income taxes payable — 851  Other 9,953 8,664  Total accrued expenses and other liabilities $ 162,085 $ 150,356 

Warranties (Tables)

Warranties (Tables)	6 Months Ended
	Jun. 30, 2018
Warranties [Abstract]
Schedule Of Changes In Warranty Accrual	  Three months ended June 30, Six months ended June 30,  2018 2017 2018 2017  Beginning balance $ 8,961 $ 2,731 $ 8,531 $ 2,479  Warranty reserve assumed in business combination 397 — 397 —  Warranty expense provisions 1,787 705 3,221 1,582  Payments (761) (379) (1,720) (748)  Warranty adjustment (115) — (160) (256)  Ending balance $ 10,269 $ 3,057 $ 10,269 $ 3,057 

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2018
Debt [Abstract]
Schedule Of Outstanding Debt Obligations	  June 30, December 31,  2018 2017  6.875% senior notes, due May 2022 (1) $ 379,891 $ 379,238  5.875% senior notes, due July 2025 (1) 395,064 394,725  Other financing obligations 2,320 2,320  Senior notes payable 777,275 776,283  Revolving line of credit, due April 2022 130,000 —  Mortgage repurchase facilities 52,999 48,319  Total debt $ 960,274 $ 824,602 (1) The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes.

Interest (Tables)

Interest (Tables)	6 Months Ended
	Jun. 30, 2018
Interest [Abstract]
Schedule Of Capitalized Interest Costs	  Three months ended June 30, Six months ended June 30,  2018 2017 2018 2017  Interest capitalized beginning of period $ 46,160 $ 31,713 $ 41,762 $ 28,935  Interest capitalized during period 13,920 10,830 27,277 18,564  Less: capitalized interest in cost of sales (12,284) (6,875) (21,243) (11,831)  Interest capitalized end of period $ 47,796 $ 35,668 $ 47,796 $ 35,668 

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments	  June 30, 2018 December 31, 2017   Hierarchy Carrying Fair Value Carrying Fair Value  Secured notes receivable (1) Level 2 $ 4,894 $ 4,861 $ 2,753 $ 2,727  Mortgage loans held for sale (2) Level 2 $ 57,353 $ 57,353 $ 52,327 $ 52,327   6.875% senior notes (3) Level 2 $ 379,891 $ 387,089 $ 379,238 $ 397,044  5.875 % senior notes (3) Level 2 $ 395,064 $ 371,064 $ 394,725 $ 400,225  Revolving line of credit (4) Level 2 $ 130,000 $ 130,000 $ — $ —  Other (4) Level 2 $ 2,320 $ 2,320 $ 2,320 $ 2,320  Mortgage repurchase facilities (4) Level 2 $ 52,999 $ 52,999 $ 48,319 $ 48,319 (1) Estimated fair value of the secured notes receivable was based on cash flow models discounted at market interest rates that considered the underlying risks of the note. (2) The mortgage loans held for sale are carried at fair value, which was based on quoted market prices for those committed mortgage loans. (3) Estimated fair value of the senior notes incorporated recent trading activity in inactive markets. (4) Carrying amount approximates fair value due to short-term nature and interest rate terms.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2018
Stock-Based Compensation [Abstract]
Summary Of Outstanding Restricted Stock Awards And Units	  As of June 30, 2018  Unvested awards/units 955  Unrecognized compensation cost $ 17,488  Period to recognize compensation cost 1.8 years 

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share, Basic And Diluted	  Three m onths e nded Six months ended  June 30, June 30,  2018 2017 2018 2017  Numerator  Net income $ 33,193 $ 14,831 $ 53,212 $ 23,630  Less: Undistributed earnings allocated to participating securities (3) (101) (67) (251)  Net income allocable to common stockholders $ 33,190 $ 14,730 $ 53,145 $ 23,379  Denominator  Weighted average common shares outstanding - basic 29,901,791 22,146,124 29,709,728 21,814,860  Dilutive effect of restricted stock units 268,898 219,953 293,548 215,102  Weighted average common shares outstanding - diluted 30,170,689 22,366,077 30,003,276 22,029,962  Earnings per share:  Basic $ 1.11 $ 0.67 $ 1.79 $ 1.07  Diluted $ 1.10 $ 0.66 $ 1.77 $ 1.06 

Supplemental Guarantor Inform35

Supplemental Guarantor Information (Tables)	6 Months Ended
	Jun. 30, 2018
Supplemental Guarantor Information [Abstract]
Supplemental Condensed Consolidated Balance Sheet	  Supplemental Condensed Consolidated Balance Sheet  As of June 30, 2018 ( in thousands )   Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Assets  Cash and cash equivalents $ — $ 8,343 $ 18,258 $ (7,119) $ 19,482  Cash held in escrow — 43,880 — — 43,880  Accounts receivable 9,169 11,680 41 — 20,890  Investment in consolidated subsidiaries 1,722,426 — — (1,722,426) —  Inventories — 1,696,931 — — 1,696,931  Mortgage loans held for sale — — 57,353 — 57,353  Prepaid expenses and other assets 7,060 61,914 2,132 — 71,106  Deferred tax assets, net 9,704 — — — 9,704  Property and equipment, net 12,399 19,398 685 — 32,482  Amortizable intangible assets, net — 5,573 — — 5,573  Goodwill — 28,272 — — 28,272  Total assets $ 1,760,758 $ 1,875,991 $ 78,469 $ (1,729,545) $ 1,985,673  Liabilities and stockholders’ equity  Liabilities:  Accounts payable $ 24,610 $ 41,737 $ 380 $ (7,119) $ 59,608  Accrued expenses and other liabilities 27,487 132,474 2,124 — 162,085  Senior notes payable 774,955 2,320 — — 777,275  Revolving line of credit 130,000 — — — 130,000  Mortgage repurchase facilities — — 52,999 — 52,999  Total liabilities 957,052 176,531 55,503 (7,119) 1,181,967  Stockholders’ equity: 803,706 1,699,460 22,966 (1,722,426) 803,706  Total liabilities and stockholders’ equity $ 1,760,758 $ 1,875,991 $ 78,469 $ (1,729,545) $ 1,985,673       Supplemental Condensed Consolidated Balance Sheet  As of December 31, 2017 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Assets  Cash and cash equivalents $ 56,234 $ 23,399 $ 9,199 $ — $ 88,832  Cash held in escrow — 37,088 635 — 37,723  Accounts receivable 3,124 9,944 (69) — 12,999  Investment in consolidated subsidiaries 1,434,619 — — (1,434,619) —  Inventories — 1,390,354 — — 1,390,354  Mortgage loans held for sale — — 52,327 — 52,327  Prepaid expenses and other assets 3,028 57,273 511 — 60,812  Deferred tax assets, net 5,555 — — — 5,555  Property and equipment, net 11,694 15,683 534 — 27,911  Investment in unconsolidated subsidiaries 28,208 — — 28,208  Amortizable intangible assets, net — 2,938 — — 2,938  Goodwill — 27,363 — — 27,363  Total assets $ 1,542,462 $ 1,564,042 $ 63,137 $ (1,434,619) $ 1,735,022  Liabilities and stockholders’ equity  Liabilities:  Accounts payable $ 1,452 $ 23,057 $ 322 $ — $ 24,831  Accrued expenses and other liabilities 31,814 117,070 1,472 — 150,356  Senior notes payable 773,963 2,320 — — 776,283  Revolving line of credit — — — — —  Mortgage repurchase facilities — — 48,319 — 48,319  Total liabilities 807,229 142,447 50,113 — 999,789  Stockholders’ equity: 735,233 1,421,595 13,024 (1,434,619) 735,233  Total liabilities and stockholders’ equity $ 1,542,462 $ 1,564,042 $ 63,137 $ (1,434,619) $ 1,735,022 
Supplemental Condensed Consolidated Statement Of Operations	    Supplemental Condensed Consolidated Statement of Operations  For the Three Months Ended June 30, 2018 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Revenues  Homebuilding revenues  Home sales revenues $ — $ 522,164 $ — $ — $ 522,164  Land sales and other revenues — 1,714 — — 1,714  — 523,878 — — 523,878  Financial services revenue — — 8,014 — 8,014  Total revenues — 523,878 8,014 — 531,892  Homebuilding cost of revenues  Cost of homes sales revenues — (427,197) — — (427,197)  Cost of land sales and other revenues — (1,040) — — (1,040)  — (428,237) — — (428,237)  Financial services costs — — (5,385) — (5,385)  Selling, general and administrative (18,154) (45,480) — — (63,634)  Acquisition expense (165) — — — (165)  Equity in earnings from consolidated subsidiaries 34,555 — — (34,555) —  Equity in income of unconsolidated subsidiaries 11,681 — — — 11,681  Other income (expense) (22) 372 — — 350  Income before income tax expense 27,895 50,533 2,629 (34,555) 46,502  Income tax (expense) benefit 5,298 (17,687) (920) — (13,309)  Net income $ 33,193 $ 32,846 $ 1,709 $ (34,555) $ 33,193       Supplemental Condensed Consolidated Statement of Operations  For the Three Months Ended June 30, 2017 ( in thousands )   Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Revenues  Homebuilding revenues  Home sales revenues $ — $ 287,588 $ — $ — $ 287,588  Land sales and other revenues — 2,493 — — 2,493  — 290,081 — — 290,081  Financial services revenue — — 1,502 241 1,743  Total revenues — 290,081 1,502 241 291,824  Homebuilding cost of revenues  Cost of homes sales revenues — (233,888) — — (233,888)  Cost of land sales and other revenues — (1,746) — — (1,746)  — (235,634) — — (235,634)  Financial services costs — — (1,445) — (1,445)  Selling, general and administrative (7,587) (26,633) — — (34,220)  Acquisition expense (916) — — — (916)  Equity in earnings from consolidated subsidiaries 18,687 — — (18,687) —  Equity in income from unconsolidated subsidiaries 2,676 — — — 2,676  Other income (expense) 316 508 — — 824  Income before income tax expense 13,176 28,322 57 (18,446) 23,109  Income tax (expense) benefit 1,655 (9,913) (20) — (8,278)  Net income $ 14,831 $ 18,409 $ 37 $ (18,446) $ 14,831        Supplemental Condensed Consolidated Statement of Operations  For the Six Months Ended June 30, 2018 (in thousands)   Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Revenues  Homebuilding revenues  Home sales revenues $ — $ 916,995 $ — $ — $ 916,995  Land sales and other revenues — 3,174 — — 3,174  — 920,169 — — 920,169  Financial services revenue — — 13,571 — 13,571  Total revenues — 920,169 13,571 — 933,740  Homebuilding cost of revenues  Cost of homes sales revenues — (746,780) — — (746,780)  Cost of land sales and other revenues — (1,917) — — (1,917)  — (748,697) — — (748,697)  Financial services costs — — (9,781) — (9,781)  Selling, general and administrative (33,616) (86,540) — — (120,156)  Acquisition expense (338) — — — (338)  Equity in earnings from consolidated subsidiaries 65,837 — — (65,837) —  Equity in income of unconsolidated subsidiaries 14,849 — — — 14,849  Other income (expense) (255) 247 — — (8)  Income (loss) before income tax expense 46,477 85,179 3,790 (65,837) 69,609  Income tax (expense) benefit 6,735 (22,146) (986) — (16,397)  Net income $ 53,212 $ 63,033 $ 2,804 $ (65,837) $ 53,212         Supplemental Condensed Consolidated Statement of Operations  For the Six Months Ended June 30, 2017 (in thousands)   Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Revenues  Homebuilding revenues  Home sales revenues $ — $ 514,008 $ — $ — $ 514,008  Land sales and other revenues — 4,389 — — 4,389  — 518,397 — — 518,397  Financial services revenue — — 1,743 — 1,743  Total revenues — 518,397 1,743 — 520,140  Homebuilding cost of revenues  Cost of homes sales revenues — (416,212) — — (416,212)  Cost of land sales and other revenues — (2,890) — — (2,890)  — (419,102) — — (419,102)  Financial services costs — — (2,199) — (2,199)  Selling, general and administrative (17,535) (49,897) — — (67,432)  Acquisition expense (1,439) — — — (1,439)  Equity in earnings from consolidated subsidiaries 32,400 — — (32,400) —  Equity in income from unconsolidated subsidiaries 3,931 — — — 3,931  Other income (expense) 357 868 36 — 1,261  Income (loss) before income tax expense 17,714 50,266 (420) (32,400) 35,160  Income tax (expense) benefit 5,916 (17,593) 147 — (11,530)  Net income $ 23,630 $ 32,673 $ (273) $ (32,400) $ 23,630 
Supplemental Condensed Consolidated Statement Of Cash Flows	  Supplemental Condensed Consolidated Statement of Cash Flows  For the Six Months Ended June 30, 2018 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Net cash provided by/(used in) operating activities $ (28,930) $ (43,880) $ (963) $ (7,119) $ (80,892)  Net cash used in investing activities $ (68,490) $ (163,120) $ (152) $ 196,514 $ (35,248)  Financing activities  Borrowings under revolving credit facilities $ 305,000 $ — $ — $ — $ 305,000  Payments on revolving credit facilities (175,000) — — — (175,000)  Extinguishments of debt assumed in business combination (94,231) — — — (94,231)  Debt issuance costs (3,521) — — — (3,521)  Repurchases of common stock upon vesting of restricted stock awards (4,788) — — — (4,788)  Payments from (and advances to) parent/subsidiary (583) 189,959 7,138 (196,514) —  Net proceeds from mortgage repurchase facilities — — 4,679 — 4,679  Net proceeds from issuances of common stock 14,309 — — — 14,309  Net cash provided by financing activities $ 41,186 $ 189,959 $ 11,817 $ (196,514) $ 46,448  Net decrease $ (56,234) $ (17,041) $ 10,702 $ (7,119) $ (69,692)  Cash and cash equivalents and Restricted cash  Beginning of period $ 56,234 $ 28,044 $ 9,435 $ — $ 93,713  End of period $ — $ 11,003 $ 20,137 $ (7,119) $ 24,021   Cash and cash equivalents $ — $ 8,343 $ 18,258 $ (7,119) $ 19,482  Restricted Cash — 2,660 1,879 — 4,539  Cash and cash equivalents and Restricted cash $ — $ 11,003 $ 20,137 $ (7,119) $ 24,021      Supplemental Condensed Consolidated Statement of Cash Flows  For the Six Months Ended June 30, 2017 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Net cash provided by/(used in) operating activities $ (856) $ (26,788) $ (11,661) $ — $ (39,305)  Net cash used in investing activities $ (45,267) $ (4,690) $ (325) $ 44,447 $ (5,835)  Financing activities  Borrowings under revolving credit facilities $ 75,000 $ — $ — $ — $ 75,000  Payments on revolving credit facilities (270,000) — — — (270,000)  Proceeds from issuance of senior notes 523,000 — — — 523,000  Principal payments on notes payable — (2,541) — — (2,541)  Debt issuance costs (3,593) — — — (3,593)  Repurchase of common stock upon vesting of restricted stock awards (3,693) — — — (3,693)  Payments from (and advances to) parent/subsidiary — 43,045 1,402 (44,447) —  Net proceeds from mortgage repurchase facility — — 10,551 — 10,551  Net proceeds from issuances of common stock 24,333 — — — 24,333  Net cash provided by financing activities $ 345,047 $ 40,504 $ 11,953 $ (44,447) $ 353,057  Net decrease $ 298,924 $ 9,026 $ (33) $ — $ 307,917  Cash and cash equivalents and Restricted cash  Beginning of period $ 14,637 $ 10,150 $ 6,167 $ — $ 30,954  End of period $ 313,561 $ 19,176 $ 6,134 $ — $ 338,871   Cash and cash equivalents $ 313,561 $ 17,091 $ 6,134 $ — $ 336,786  Restricted Cash — 2,085 — — 2,085  Cash and cash equivalents and Restricted cash $ 313,561 $ 19,176 $ 6,134 $ — $ 338,871 

Basis of Presentation (Narrativ

Basis of Presentation (Narrative) (Details) $ / shares in Units, shares in Thousands, $ in Thousands	Jun. 14, 2018USD ($)	Jan. 01, 2018USD ($)	Aug. 04, 2017USD ($)$ / sharesshares	Jun. 30, 2018USD ($)	Jun. 30, 2018USD ($)segment	Dec. 31, 2017USD ($)	Oct. 31, 2017USD ($)	Nov. 30, 2016
Summary of Significant Accounting Policies [Line Items]
Number of operating segments | segment					5
Business combination net of acquired cash					$ 28,036
Forfeited deposits				$ 300	400
Other income, land sales to third parties				5,000	6,900
Cost of land dispositions				5,000	7,200
Deferred revenue, related to unsatisfied performance obligations				400	1,800
Deferred costs, related to unsatisfied performance obligations				300	1,400
Reclassification of costs from inventory to property and equipment		$ 2,300
Decrease retained earnings		$ 600
Earnest money deposits				$ 17,744	$ 17,744	$ 14,077
UCP, Inc [Member]
Summary of Significant Accounting Policies [Line Items]
Conversion of stock, ratio			0.2309%
Business combination net of acquired cash			$ 100,150
Purchase price			209,036
Business combination, purchase price			$ 107,737
Sundquist Homes [Member]
Summary of Significant Accounting Policies [Line Items]
Purchase price							$ 50,203
Wade Jurney Homes [Member]
Summary of Significant Accounting Policies [Line Items]
Purchase price	$ 73,125
Ownership interest	50.00%							50.00%
Business combination, purchase price	$ 37,500
Minimum [Member]
Summary of Significant Accounting Policies [Line Items]
Estimated life of the community based					2 years
Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Estimated life of the community based					3 years
Common Class A [Member] | UCP, Inc [Member]
Summary of Significant Accounting Policies [Line Items]
Conversion of stock, cash | $ / shares			$ 5.32
Century Common Stock [Member] | UCP, Inc [Member]
Summary of Significant Accounting Policies [Line Items]
Shares issued in connection to merger | shares			4,176

Reporting Segments (Schedule Of

Reporting Segments (Schedule Of Total Revenue And Pretax Income By Segment) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)state	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)statesegmentregion	Jun. 30, 2017USD ($)
Segment Reporting Information [Line Items]
Number of operating states | state	12		12
Number of operating regions | region			4
Number of operating segments | segment			5
Total revenue	$ 531,892	$ 291,824	$ 933,740	$ 520,140
Total income before income tax expense	46,502	23,109	69,609	35,160
West [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	129,218		248,139
Total income before income tax expense	12,022		21,890
Mountain [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	180,523	164,265	326,016	286,301
Total income before income tax expense	25,319	21,912	43,242	37,036
Texas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	63,545	44,350	101,573	75,240
Total income before income tax expense	4,972	2,412	6,780	4,241
Southeast [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	125,346	81,466	219,195	156,856
Total income before income tax expense	$ 9,149	4,792	$ 13,830	10,608
Wade Jurney Homes [Member]
Segment Reporting Information [Line Items]
Number of operating states | state	5		5
Number of operating regions | region			4
Wade Jurney Homes [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	$ 25,246		$ 25,246
Total income before income tax expense	(186)		(186)
Financial Services [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	8,014	1,743	13,571	1,743
Total income before income tax expense	2,629	57	3,790	(697)
Corporate [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total income before income tax expense	$ (7,403)	$ (6,064)	$ (19,737)	$ (16,028)

Reporting Segments (Schedule 38

Reporting Segments (Schedule Of Total Assets By Segment) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Total assets	$ 1,985,673	$ 1,735,022
West [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	408,167	394,215
Mountain [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	605,803	571,880
Texas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	199,181	192,078
Southeast [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	458,645	401,618
Wade Jurney Homes [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	153,559
Financial Services [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	79,001	63,137
Corporate [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	$ 81,317	$ 112,094

Business Combinations (Narrativ

Business Combinations (Narrative) (Details) $ / shares in Units, shares in Thousands, $ in Thousands	Jun. 14, 2018USD ($)	Aug. 17, 2017USD ($)	Aug. 04, 2017USD ($)item$ / sharesshares	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Oct. 31, 2017USD ($)	Nov. 30, 2016
Business Combinations [Line Items]
Total cash consideration						$ 28,036
Acquisition expense				$ 165	$ 916	338	$ 1,439
Equity in income of unconsolidated subsidiaries				11,681	2,676	14,849	3,931
Income (Loss) before tax expense				46,502	$ 23,109	69,609	$ 35,160
UCP, Inc [Member]
Business Combinations [Line Items]
Cash paid per share | $ / shares			$ 5.32
Conversion of stock, ratio			0.2309%
Total cash consideration			$ 100,150
Cash acquired from business acquisition			$ 20,264
Fractional shares | shares			0
Total fair value of awards			$ 6,200
Total fair value of award attribute to services performed by UCP			1,149
Expense related to refinements of estimated fair value of inventories						1,500
Acquisition expense			9,600
Total consideration in cash and equity			$ 209,036
Number of lots | item			4,199
Number of communities | item			43
Number of homes in backlog | item			346
Number of model homes | item			59
Proceeds from sale of BMCH South Carolina, LLC operations		$ 17,100
Goodwill amount expected to be tax deductible				5,400		5,400
Business combination, purchase price			$ 107,737
Homebuilding revenues				114,400		217,800
Income (Loss) before tax expense				$ 7,400		$ 14,000
UCP, Inc [Member] | Minimum [Member]
Business Combinations [Line Items]
Market gross margin				6.00%		6.00%
UCP, Inc [Member] | Maximum [Member]
Business Combinations [Line Items]
Market gross margin				20.00%		20.00%
UCP, Inc [Member] | Restricted Stock Units [Member]
Business Combinations [Line Items]
Conversion of stock, shares | shares			200
Sundquist Homes [Member]
Business Combinations [Line Items]
Total consideration in cash and equity								$ 50,203
Goodwill amount expected to be tax deductible				$ 4,800		$ 4,800
Homebuilding revenues				21,100		42,600
Income (Loss) before tax expense				$ 4,300		$ 8,400
Sundquist Homes [Member] | Minimum [Member]
Business Combinations [Line Items]
Market gross margin				6.00%		6.00%
Sundquist Homes [Member] | Maximum [Member]
Business Combinations [Line Items]
Market gross margin				20.00%		20.00%
Wade Jurney Homes [Member]
Business Combinations [Line Items]
Cash acquired from business acquisition	$ 9,464
Total consideration in cash and equity	$ 73,125
Ownership interest	50.00%								50.00%
Business combination, purchase price	$ 37,500
Previously held equity interest	35,625
Estimated discount for lack of control				$ 1,900
Equity in income of unconsolidated subsidiaries				7,200
Homebuilding revenues				25,200
Income (Loss) before tax expense				$ (200)
Wade Jurney Homes [Member]
Business Combinations [Line Items]
Ownership interest				100.00%		100.00%
Trade Names [Member] | Wade Jurney Homes [Member]
Business Combinations [Line Items]
Amortization of intangible assets	$ 3,000
Amortization period	10 years
Non-Compete Agreements [Member] | Wade Jurney Homes [Member]
Business Combinations [Line Items]
Amortization of intangible assets	$ 400
Amortization period	2 years
Century Common Stock [Member] | UCP, Inc [Member]
Business Combinations [Line Items]
Shares issued in connection to merger | shares			4,176

Business Combinations (Summary

Business Combinations (Summary Of Total Consideration) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Aug. 04, 2017	Jun. 30, 2018
Total cash consideration		$ 28,036
UCP, Inc [Member]
UCP Shares (including noncontrolling interest)	18,085
Cash paid per share	$ 5.32
Cash consideration	$ 96,213
Cash consideration pertaining to stockholder exercising appraisal rights	3,937
Total cash consideration	$ 100,150
Exchange ratio	0.2309%
Closing price of Century Communities stock	$ 25.80
Consideration attributable to common stock	$ 107,737
Total replacement award value	1,149
Total equity consideration	108,886
Total consideration in cash and equity	$ 209,036
Century Common Stock [Member] | UCP, Inc [Member]
Number of CCS shares issued	4,176

Business Combinations (Schedule

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

Business Combinations (Schedu42

Business Combinations (Schedule Of Estimate Of Fair Values Of Assets Acquired And Liabilities Assumed) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 14, 2018	Dec. 31, 2017	Oct. 31, 2017	Aug. 04, 2017
Assets acquired and liabilities assumed
Goodwill	$ 28,272		$ 27,363
UCP, Inc [Member]
Assets acquired and liabilities assumed
Cash and cash equivalents					$ 20,264
Accounts receivable					7,897
Inventories					390,234
Prepaid expenses and other assets					6,988
Property and equipment, net					717
Deferred tax asset, net					11,090
Goodwill					6,607
Total assets					443,797
Accounts payable					10,712
Accrued expenses and other liabilities					71,130
Notes payable					152,919
Total liabilities					234,761
Purchase price/Net equity					$ 209,036
Sundquist Homes [Member]
Assets acquired and liabilities assumed
Accounts receivable				$ 11
Inventories				55,077
Prepaid expenses and other assets				1,050
Property and equipment, net				142
Total assets				56,280
Accounts payable				3,646
Accrued expenses and other liabilities				2,431
Total liabilities				6,077
Purchase price/Net equity				$ 50,203
Wade Jurney Homes [Member]
Assets acquired and liabilities assumed
Cash and cash equivalents		$ 9,464
Cash held in escrow		260
Accounts receivable		1,042
Inventories		160,070
Prepaid expenses and other assets		7,710
Amortizable intangible assets		3,375
Goodwill		300
Total assets		182,221
Accounts payable		12,516
Accrued expenses and other liabilities		2,349
Senior notes and revolving line of credit		94,231
Total liabilities		109,096
Purchase price/Net equity		$ 73,125

Business Combinations (Schedu43

Business Combinations (Schedule Of Pro Forma Information) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Wade Jurney Homes [Member]
Business Acquisition [Line Items]
Total revenues	$ 604,120		$ 1,084,131
Income before tax expense	43,912		63,184
Tax expense	(10,978)		(15,795)
Net income	32,934		47,389
Less: Undistributed earnings allocated to participating securities	(3)		(59)
Numerator for basic and diluted pro forma EPS	$ 32,931		$ 47,330
Pro forma weighted average shares-basic	29,901,791		29,709,728
Pro forma weighted average shares-diluted	30,170,689		30,003,276
Pro forma basic EPS	$ 1.10		$ 1.59
Pro forma diluted EPS	$ 1.09		$ 1.58
UCP, Inc [Member]
Business Acquisition [Line Items]
Total revenues		$ 477,599		$ 862,615
Income before tax expense		34,245		57,051
Tax expense		(8,294)		(12,204)
Net income		25,951		44,847
Less: Undistributed earnings allocated to participating securities		(149)		(401)
Numerator for basic and diluted pro forma EPS		$ 25,802		$ 44,446
Pro forma weighted average shares-basic		26,321,978		25,990,714
Pro forma weighted average shares-diluted		26,541,931		26,205,816
Pro forma basic EPS		$ 0.98		$ 1.71
Pro forma diluted EPS		$ 0.97		$ 1.70

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Inventories [Abstract]
Homes under construction	$ 1,069,594		$ 869,554
Land and land development	579,541		479,038
Capitalized interest	47,796	$ 46,160	41,762	$ 35,668	$ 31,713	$ 28,935
Total inventories	$ 1,696,931		$ 1,390,354

Financial Services (Narrative)

Financial Services (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Financial Services [Abstract]
Mortgage loans available-for-sale	$ 57,353		$ 57,353		$ 52,327
Mortgage loans available-for-sale outstanding principal balance	55,000		55,000
Net gain from changes in fair value of commitments and mortgage loans held in inventory	500	$ 500	500	$ 500
Realized net gains from the sale of mortgages	$ 5,000	$ 400	$ 8,700	$ 400

Prepaid Expenses and Other As46

Prepaid Expenses and Other Assets (Schedule Of Prepaid Expenses And Other Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Prepaid Expenses and Other Assets [Abstract]
Prepaid insurance	$ 5,706	$ 6,549
Lot option and escrow deposits	37,952	35,700
Performance deposits	3,944	3,295
Deferred financing costs revolving line of credit, net	4,652	1,795
Restricted cash	4,539	4,881
Secured notes receivable	4,894	2,753
Other	9,419	5,839
Total prepaid expenses and other assets	$ 71,106	$ 60,812

Accrued Expenses and Other Li47

Accrued Expenses and Other Liabilities (Schedule Of Accrued Expenses And Other Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Accrued Expenses and Other Liabilities [Abstract]
Earnest money deposits	$ 17,744		$ 14,077
Warranty reserve	10,269	$ 8,961	8,531	$ 3,057	$ 2,731	$ 2,479
Accrued compensation costs	19,572		22,129
Land development and home construction accruals	74,502		61,918
Liability for product financing arrangement	15,468		19,751
Accrued interest	14,577		14,435
Income taxes payable			851
Other	9,953		8,664
Total accrued expenses and other liabilities	$ 162,085		$ 150,356

Warranties (Schedule Of Changes

Warranties (Schedule Of Changes In Warranty Accrual) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Warranties [Abstract]
Beginning balance	$ 8,961	$ 2,731	$ 8,531	$ 2,479
Warranty reserves assumed in business combination	397		397
Warranty expense provisions	1,787	705	3,221	1,582
Payments	(761)	(379)	(1,720)	(748)
Warranty adjustment	(115)		(160)	(256)
Ending balance	$ 10,269	$ 3,057	$ 10,269	$ 3,057
Product warranties			Generally, we provide each homeowner with product warranties covering workmanship and materials for one year from the time of closing, and warranties covering structural systems for eight to 10 years from the time of closing.

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	Jun. 05, 2018	Jun. 30, 2018	Jun. 28, 2018	May 04, 2018	May 03, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Line of credit facility, outstanding amount		$ 130,000,000
Mortgage repurchase facilities		52,999,000				$ 48,319,000
Revolving Credit Facility [Member] | Amended And Restated Credit Agreement [Member] | Texas Capital Bank [Member]
Debt Instrument [Line Items]
Maturity date	Apr. 30, 2022
Line of credit facility. maximum borrowing capacity	$ 540,000,000	460,000,000
Line of credit facility, outstanding amount		130,000,000
Revolving Credit Facility [Member] | Amended And Restated Credit Agreement [Member] | Maximum [Member] | Texas Capital Bank [Member]
Debt Instrument [Line Items]
Uncommitted option to increase credit facility	$ 100,000,000
Revolving Credit Facility [Member] | Amended And Restated Credit Agreement [Member] | Eurodollar Rate [Member] | Maximum [Member] | Texas Capital Bank [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	3.10%
Revolving Credit Facility [Member] | Amended And Restated Credit Agreement [Member] | Eurodollar Rate [Member] | Minimum [Member] | Texas Capital Bank [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.60%
Revolving Credit Facility [Member] | Amended And Restated Credit Agreement [Member] | Base Rate [Member] | Maximum [Member] | Texas Capital Bank [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.10%
Revolving Credit Facility [Member] | Amended And Restated Credit Agreement [Member] | Base Rate [Member] | Minimum [Member] | Texas Capital Bank [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.60%
Revolving Credit Facility [Member] | Joinder Agreement [Member]
Debt Instrument [Line Items]
Line of credit facility, current borrowing capacity			$ 590,000,000
Accordion feature, exercising			50,000,000
Accordion feature			$ 100,000,000
Revolving Mortgage Loan Repurchase Facility [Member] | Second Master Repurchase Agreement [Member] | Maximum [Member] | Inspire Home Loans Inc [Member] | Comerica Bank [Member]
Debt Instrument [Line Items]
Principal amount					$ 35,000,000
Revolving Mortgage Loan Repurchase Facility [Member] | Third Master Repurchase Agreement [Member] | Maximum [Member] | Inspire Home Loans Inc [Member] | Comerica Bank [Member]
Debt Instrument [Line Items]
Principal amount				$ 40,000,000
Revolving Mortgage Loan Repurchase Facility [Member] | Second Master Repurchase Agreement And Third Master Repurchase Agreement [Member] | Inspire Home Loans Inc [Member] | Comerica Bank [Member]
Debt Instrument [Line Items]
Mortgage repurchase facilities		53,000,000
Revolving Mortgage Loan Repurchase Facility [Member] | Second Master Repurchase Agreement And Third Master Repurchase Agreement [Member] | Maximum [Member] | Inspire Home Loans Inc [Member] | Comerica Bank [Member]
Debt Instrument [Line Items]
Principal amount		$ 75,000,000

Debt (Schedule Of Outstanding D

Debt (Schedule Of Outstanding Debt Obligations) (Details) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Debt [Abstract]
6.875% senior notes, due May 2022	[1]	$ 379,891	$ 379,238
5.875% senior notes, due July 2025	[1]	395,064	394,725
Other financing obligations		2,320	2,320
Senior notes payable		777,275	776,283
Revolving line of credit, due April 2022		130,000
Mortgage repurchase facilities		52,999	48,319
Total debt (Carrying amount)		$ 960,274	$ 824,602
[1]	The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes.

Interest (Schedule Of Capitaliz

Interest (Schedule Of Capitalized Interest Costs) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Interest [Abstract]
Interest capitalized beginning of period	$ 46,160	$ 31,713	$ 41,762	$ 28,935
Interest capitalized during period	13,920	10,830	27,277	18,564
Less: capitalized interest in cost of sales	(12,284)	(6,875)	(21,243)	(11,831)
Interest capitalized end of period	$ 47,796	$ 35,668	$ 47,796	$ 35,668

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Dec. 22, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Income Tax Examination [Line Items]
Effective tax rate				26.50%		35.00%
Blended state and federal statutary rate				24.90%
Increased (decreased) in effective tax rate		2.10%		(2.90%)
Percentage of benefit to effective tax rate related to federal energy credits		3.30%		2.20%
Percentage of benefit for excess tax benefits for stock-based compensation				2.00%
Increased (decreased) rate related to measurement period adjustments under SAB 118		1.30%		(1.50%)
Income tax provision		$ 600		$ 1,100
Increased to effective tax rate				1.60%
Income tax expense		$ 13,309	$ 8,278	$ 16,397	$ 11,530
Scenario, Plan [Member]
Income Tax Examination [Line Items]
Effective tax rate				21.00%
Interest Expense [Member]
Income Tax Examination [Line Items]
Percentage of limitation of tax deduction	30.00%
Net Operating Loss [Member]
Income Tax Examination [Line Items]
Percentage of limitation of tax deduction	80.00%
Wade Jurney Homes [Member]
Income Tax Examination [Line Items]
Increased (decreased) in effective tax rate		4.10%		2.80%

Fair Value Disclosures (Schedul

Fair Value Disclosures (Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments) (Details) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage loans held for sale		$ 57,353	$ 52,327
Level 2 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured notes receivable	[1]	4,894	2,753
Mortgage loans held for sale	[2]	57,353	52,327
6.875% senior notes	[3]	379,891	379,238
5.875% senior notes	[3]	395,064	394,725
Revolving line of credit	[4]	130,000
Other	[4]	2,320	2,320
Mortgage repurchase facilities	[4]	52,999	48,319
Level 2 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured notes receivable	[1]	4,861	2,727
Mortgage loans held for sale	[2]	57,353	52,327
6.875% senior notes	[3]	387,089	397,044
5.875% senior notes	[3]	371,064	400,225
Revolving line of credit	[4]	130,000
Other	[4]	2,320	2,320
Mortgage repurchase facilities	[4]	$ 52,999	$ 48,319
[1]	Estimated fair value of the secured notes receivable was based on cash flow models discounted at market interest rates that considered the underlying risks of the note.
[2]	The mortgage loans held for sale are carried at fair value, which was based on quoted market prices for those committed mortgage loans.
[3]	Estimated fair value of the senior notes incorporated recent trading activity in inactive markets.
[4]	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		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 3.8	$ 2	$ 6.3	$ 3.9
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	0.3		0.3
Grant date fair value	$ 28.10
Awards vesting period	3 years
Performance Share Units [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target range	0.00%
Performance Share Units [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target range	250.00%
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	0.1		0.3
Grant date fair value	$ 30.21
Awards vesting period	1 year
Performance Share Units And Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value			$ 30.43
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares outstanding	0		0

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary Of Outstanding Restricted Stock Awards And Units) (Details) - Restricted Stock Units [Member] shares in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested awards/units | shares	955
Unrecognized compensation cost | $	$ 17,488
Period to recognize compensation cost	1 year 9 months 18 days

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 03, 2018	Aug. 09, 2017	Nov. 07, 2016	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Class of Stock [Line Items]
Common stock shares authorized				100,000,000		100,000,000		100,000,000
Common stock, par value				$ 0.01		$ 0.01		$ 0.01
Preferred stock shares authorized				50,000,000		50,000,000		50,000,000
Preferred stock, par value				$ 0.01		$ 0.01		$ 0.01
Common stock shares issued				30,119,259		30,119,259		29,502,624
Common stock shares outstanding				30,119,259		30,119,259		29,502,624
Common stock shares issued related to vesting of restricted stock awards				300,000		300,000
Net proceeds from issuances of common stock						$ 14,309	$ 24,333
2017 Incentive Plan [Member]
Class of Stock [Line Items]
Common stock shares for stock award, available for issuance				1,000,000		1,000,000
First Distribution Agreement [Member]
Class of Stock [Line Items]
Aggregate offering price			$ 50,000
Common stock shares sold and issued					400,000		1,200,000
Net proceeds from issuances of common stock					$ 9,600		$ 24,600
Comissions and fees paid to Sales Agents					$ 200		$ 500
Second Distribution Agreement [Member]
Class of Stock [Line Items]
Aggregate offering price		$ 100,000
Common stock shares sold and issued				300,000		500,000
Net proceeds from issuances of common stock				$ 9,600		$ 14,600
Comissions and fees paid to Sales Agents				$ 200		$ 300
Third Distribution Agreement [Member]
Class of Stock [Line Items]
Aggregate offering price	$ 100,000

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details)	6 Months Ended
	Jun. 30, 2017shares
Earnings Per Share [Abstract]
Anti-dilutive shares	113

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		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Numerator
Net income	$ 33,193	$ 14,831	$ 53,212	$ 23,630
Less: Undistributed earnings allocated to participating securities	(3)	(101)	(67)	(251)
Net income allocable to common stockholders	$ 33,190	$ 14,730	$ 53,145	$ 23,379
Denominator
Weighted average common shares outstanding - basic	29,901,791	22,146,124	29,709,728	21,814,860
Dilutive effect of restricted stock units	268,898	219,953	293,548	215,102
Weighted average common shares outstanding - diluted	30,170,689	22,366,077	30,003,276	22,029,962
Earnings per share:
Basic	$ 1.11	$ 0.67	$ 1.79	$ 1.07
Diluted	$ 1.10	$ 0.66	$ 1.77	$ 1.06

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Commitments and Contingencies [Abstract]
Outstanding letters of credit and performance bonds	$ 191.1	$ 158.6

Supplemental Guarantor Inform60

Supplemental Guarantor Information (Narrative) (Details)	Jun. 30, 2018
Senior Notes Due 2022 [Member]
Debt Instrument [Line Items]
Interest rate	6.875%
Senior Notes Due 2025 [Member]
Debt Instrument [Line Items]
Interest rate	5.875%

Supplemental Guarantor Inform61

Supplemental Guarantor Information (Supplemental Condensed Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Assets
Cash and cash equivalents	$ 19,482	$ 88,832	$ 336,786
Cash held in escrow	43,880	37,723
Accounts receivable	20,890	12,999
Inventories	1,696,931	1,390,354
Mortgage loans held for sale	57,353	52,327
Prepaid expenses and other assets	71,106	60,812
Deferred tax assets, net	9,704	5,555
Property and equipment, net	32,482	27,911
Investment in unconsolidated subsidiaries		28,208
Amortizable intangible assets, net	5,573	2,938
Goodwill	28,272	27,363
Total assets	1,985,673	1,735,022
Liabilities:
Accounts payable	59,608	24,831
Accrued expenses and other liabilities	162,085	150,356
Senior notes payable	777,275	776,283
Revolving line of credit	130,000
Mortgage repurchase facilities	52,999	48,319
Total liabilities	1,181,967	999,789
Stockholders' equity:	803,706	735,233
Total liabilities and stockholders' equity	1,985,673	1,735,022
Century [Member]
Assets
Cash and cash equivalents		56,234	313,561
Accounts receivable	9,169	3,124
Investment in consolidated subsidiaries	1,722,426	1,434,619
Prepaid expenses and other assets	7,060	3,028
Deferred tax assets, net	9,704	5,555
Property and equipment, net	12,399	11,694
Investment in unconsolidated subsidiaries		28,208
Total assets	1,760,758	1,542,462
Liabilities:
Accounts payable	24,610	1,452
Accrued expenses and other liabilities	27,487	31,814
Senior notes payable	774,955	773,963
Revolving line of credit	130,000
Total liabilities	957,052	807,229
Stockholders' equity:	803,706	735,233
Total liabilities and stockholders' equity	1,760,758	1,542,462
Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	8,343	23,399	17,091
Cash held in escrow	43,880	37,088
Accounts receivable	11,680	9,944
Inventories	1,696,931	1,390,354
Prepaid expenses and other assets	61,914	57,273
Property and equipment, net	19,398	15,683
Amortizable intangible assets, net	5,573	2,938
Goodwill	28,272	27,363
Total assets	1,875,991	1,564,042
Liabilities:
Accounts payable	41,737	23,057
Accrued expenses and other liabilities	132,474	117,070
Senior notes payable	2,320	2,320
Total liabilities	176,531	142,447
Stockholders' equity:	1,699,460	1,421,595
Total liabilities and stockholders' equity	1,875,991	1,564,042
Non Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	18,258	9,199	$ 6,134
Cash held in escrow		635
Accounts receivable	41	(69)
Mortgage loans held for sale	57,353	52,327
Prepaid expenses and other assets	2,132	511
Property and equipment, net	685	534
Total assets	78,469	63,137
Liabilities:
Accounts payable	380	322
Accrued expenses and other liabilities	2,124	1,472
Mortgage repurchase facilities	52,999	48,319
Total liabilities	55,503	50,113
Stockholders' equity:	22,966	13,024
Total liabilities and stockholders' equity	78,469	63,137
Elimination Entries [Member]
Assets
Cash and cash equivalents	(7,119)
Investment in consolidated subsidiaries	(1,722,426)	(1,434,619)
Total assets	(1,729,545)	(1,434,619)
Liabilities:
Accounts payable	(7,119)
Total liabilities	(7,119)
Stockholders' equity:	(1,722,426)	(1,434,619)
Total liabilities and stockholders' equity	$ (1,729,545)	$ (1,434,619)

Supplemental Guarantor Inform62

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement Of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues
Total revenues	$ 531,892	$ 291,824	$ 933,740	$ 520,140
Cost of home sales revenues	(427,197)	(233,888)	(746,780)	(416,212)
Cost of land sales and other revenues	(1,040)	(1,746)	(1,917)	(2,890)
Homebuilding cost of revenues	(428,237)	(235,634)	(748,697)	(419,102)
Financial services costs	(5,385)	(1,445)	(9,781)	(2,199)
Selling, general, and administrative	(63,634)	(34,220)	(120,156)	(67,432)
Acquisition expense	(165)	(916)	(338)	(1,439)
Equity in income of unconsolidated subsidiaries	11,681	2,676	14,849	3,931
Other income (expense)	350	824	(8)	1,261
Income (loss) before income tax expense	46,502	23,109	69,609	35,160
Income tax (expense) benefit	(13,309)	(8,278)	(16,397)	(11,530)
Net income	33,193	14,831	53,212	23,630
Century [Member]
Revenues
Selling, general, and administrative	(18,154)	(7,587)	(33,616)	(17,535)
Acquisition expense	(165)	(916)	(338)	(1,439)
Equity in earnings from consolidated subsidiaries	34,555	18,687	65,837	32,400
Equity in income of unconsolidated subsidiaries	11,681	2,676	14,849	3,931
Other income (expense)	(22)	316	(255)	357
Income (loss) before income tax expense	27,895	13,176	46,477	17,714
Income tax (expense) benefit	5,298	1,655	6,735	5,916
Net income	33,193	14,831	53,212	23,630
Guarantor Subsidiaries [Member]
Revenues
Total revenues	523,878	290,081	920,169	518,397
Cost of home sales revenues	(427,197)	(233,888)	(746,780)	(416,212)
Cost of land sales and other revenues	(1,040)	(1,746)	(1,917)	(2,890)
Homebuilding cost of revenues	(428,237)	(235,634)	(748,697)	(419,102)
Selling, general, and administrative	(45,480)	(26,633)	(86,540)	(49,897)
Other income (expense)	372	508	247	868
Income (loss) before income tax expense	50,533	28,322	85,179	50,266
Income tax (expense) benefit	(17,687)	(9,913)	(22,146)	(17,593)
Net income	32,846	18,409	63,033	32,673
Non Guarantor Subsidiaries [Member]
Revenues
Total revenues	8,014	1,502	13,571	1,743
Financial services costs	(5,385)	(1,445)	(9,781)	(2,199)
Other income (expense)				36
Income (loss) before income tax expense	2,629	57	3,790	(420)
Income tax (expense) benefit	(920)	(20)	(986)	147
Net income	1,709	37	2,804	(273)
Elimination Entries [Member]
Revenues
Total revenues		241
Equity in earnings from consolidated subsidiaries	(34,555)	(18,687)	(65,837)	(32,400)
Income (loss) before income tax expense	(34,555)	(18,446)	(65,837)	(32,400)
Net income	(34,555)	(18,446)	(65,837)	(32,400)
Home Sales [Member]
Revenues
Total revenues	522,164	287,588	916,995	514,008
Home Sales [Member] | Guarantor Subsidiaries [Member]
Revenues
Total revenues	522,164	287,588	916,995	514,008
Land Sales And Other [Member]
Revenues
Total revenues	1,714	2,493	3,174	4,389
Land Sales And Other [Member] | Guarantor Subsidiaries [Member]
Revenues
Total revenues	1,714	2,493	3,174	4,389
Homebuilding [Member]
Revenues
Total revenues	523,878	290,081	920,169	518,397
Homebuilding [Member] | Guarantor Subsidiaries [Member]
Revenues
Total revenues	523,878	290,081	920,169	518,397
Financial Services [Member]
Revenues
Total revenues	8,014	1,743	13,571	1,743
Financial Services [Member] | Non Guarantor Subsidiaries [Member]
Revenues
Total revenues	$ 8,014	1,502	$ 13,571	$ 1,743
Financial Services [Member] | Elimination Entries [Member]
Revenues
Total revenues		$ 241

Supplemental Guarantor Inform63

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement Of Cash Flows) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	$ (80,892)	$ (39,305)
Net cash used in investing activities	(35,248)	(5,835)
Financing activities
Borrowings under revolving credit facilities	305,000	75,000
Payments on revolving credit facilities	(175,000)	(270,000)
Extinguishments of debt assumed in business combination	(94,231)
Proceeds from issuance of senior notes		523,000
Principal payments on notes payable		(2,541)
Debt issuance costs	(3,521)	(3,593)
Repurchases of common stock upon vesting of restricted stock awards	(4,788)	(3,693)
Net proceeds from mortgage repurchase facilities	4,679	10,551
Net proceeds from issuances of common stock	14,309	24,333
Net cash provided by (used in) financing activities	46,448	353,057
Net increase (decrease)	(69,692)	307,917
Cash and cash equivalents and Restricted cash, Beginning of period	93,713	30,954
Cash and cash equivalents and Restricted cash, End of period	24,021	338,871
Cash and cash equivalents	19,482	336,786	$ 88,832
Restricted Cash	4,539	2,085
Elimination Entries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	(7,119)
Net cash used in investing activities	196,514	44,447
Financing activities
Payments from (and advances to) parent/subsidiary	(196,514)	(44,447)
Net cash provided by (used in) financing activities	(196,514)	(44,447)
Net increase (decrease)	(7,119)
Cash and cash equivalents and Restricted cash, End of period	(7,119)
Cash and cash equivalents	(7,119)
Century [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	(28,930)	(856)
Net cash used in investing activities	(68,490)	(45,267)
Financing activities
Borrowings under revolving credit facilities	305,000	75,000
Payments on revolving credit facilities	(175,000)	(270,000)
Extinguishments of debt assumed in business combination	(94,231)
Proceeds from issuance of senior notes		523,000
Debt issuance costs	(3,521)	(3,593)
Repurchases of common stock upon vesting of restricted stock awards	(4,788)	(3,693)
Payments from (and advances to) parent/subsidiary	(583)
Net proceeds from issuances of common stock	14,309	24,333
Net cash provided by (used in) financing activities	41,186	345,047
Net increase (decrease)	(56,234)	298,924
Cash and cash equivalents and Restricted cash, Beginning of period	56,234	14,637
Cash and cash equivalents and Restricted cash, End of period		313,561
Cash and cash equivalents		313,561	56,234
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	(43,880)	(26,788)
Net cash used in investing activities	(163,120)	(4,690)
Financing activities
Principal payments on notes payable		(2,541)
Payments from (and advances to) parent/subsidiary	189,959	43,045
Net cash provided by (used in) financing activities	189,959	40,504
Net increase (decrease)	(17,041)	9,026
Cash and cash equivalents and Restricted cash, Beginning of period	28,044	10,150
Cash and cash equivalents and Restricted cash, End of period	11,003	19,176
Cash and cash equivalents	8,343	17,091	23,399
Restricted Cash	2,660	2,085
Non Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	(963)	(11,661)
Net cash used in investing activities	(152)	(325)
Financing activities
Payments from (and advances to) parent/subsidiary	7,138	1,402
Net proceeds from mortgage repurchase facilities	4,679	10,551
Net cash provided by (used in) financing activities	11,817	11,953
Net increase (decrease)	10,702	(33)
Cash and cash equivalents and Restricted cash, Beginning of period	9,435	6,167
Cash and cash equivalents and Restricted cash, End of period	20,137	6,134
Cash and cash equivalents	18,258	$ 6,134	$ 9,199
Restricted Cash	$ 1,879