Century Communities (CCS) 10-Q 3 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 23, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	Century Communities, Inc.
Entity Filer Category	Large Accelerated Filer
Entity Central Index Key	0001576940
Entity Small Business	false
Entity Emerging Growth Company	false
Amendment Flag	false
Document Type	10-Q
Trading Symbol	ccs
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		30,317,457

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 38,115	$ 32,902
Cash held in escrow	24,664	24,344
Accounts receivable	12,436	13,464
Inventories	1,943,792	1,848,243
Mortgage loans held for sale	98,591	114,074
Prepaid expenses and other assets	123,248	138,717
Property and equipment, net	33,471	33,258
Deferred tax assets, net	13,591	13,763
Amortizable intangible assets, net	4,762	5,095
Goodwill	30,395	30,395
Total assets	2,323,065	2,254,255
Liabilities:
Accounts payable	74,075	89,907
Accrued expenses and other liabilities	208,846	213,157
Notes payable	786,872	784,777
Revolving line of credit	287,000	202,500
Mortgage repurchase facility	90,866	104,555
Total liabilities	1,447,659	1,394,896
Stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding
Common stock, $0.01 par value, 100,000,000 shares authorized, 30,304,081 and 30,154,791 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	303	302
Additional paid-in capital	593,966	595,037
Retained earnings	281,137	264,020
Total stockholders' equity	875,406	859,359
Total liabilities and stockholders' equity	$ 2,323,065	$ 2,254,255

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
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	30,304,081	30,154,791
Common stock shares outstanding	30,304,081	30,154,791

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues
Total revenues	$ 533,057	$ 401,846
Cost of revenues
Selling, general and administrative	(68,936)	(56,522)
Acquisition expense		(173)
Equity in income of unconsolidated subsidiaries		3,168
Other income (expense)	76	(357)
Income before income tax expense	22,997	23,107
Income tax expense	(5,880)	(3,088)
Net income	$ 17,117	$ 20,019
Earnings per share:
Basic	$ 0.57	$ 0.68
Diluted	$ 0.56	$ 0.67
Weighted average common shares outstanding:
Basic	30,203,243	29,515,531
Diluted	30,444,276	29,833,729
Home Sales [Member]
Revenues
Total revenues	$ 523,302	$ 394,831
Cost of revenues
Cost of revenues	(433,757)	(319,583)
Land Sales And Other [Member]
Revenues
Total revenues	1,355	1,459
Cost of revenues
Cost of revenues	(614)	(877)
Homebuilding [Member]
Revenues
Total revenues	524,657	396,290
Cost of revenues
Cost of revenues	(434,371)	(320,460)
Financial Services [Member]
Revenues
Total revenues	8,400	5,556
Cost of revenues
Cost of revenues	$ (6,829)	$ (4,395)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating activities
Net income	$ 17,117	$ 20,019
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	3,074	2,726
Stock-based compensation expense	3,534	2,516
Deferred income taxes	172	(2,808)
Distributions from unconsolidated subsidiaries		3,460
Equity in income of unconsolidated subsidiaries		(3,168)
(Gain) loss on disposition of assets	358	259
Changes in assets and liabilities:
Cash held in escrow	(320)	16,188
Accounts receivable	1,028	994
Inventories	(69,106)	(82,377)
Prepaid expenses and other assets	(2,659)	56
Accounts payable	(15,831)	(1,637)
Accrued expenses and other liabilities	(11,296)	(12,947)
Mortgage loans held for sale	14,529	12,148
Net cash used in operating activities	(59,400)	(44,571)
Investing activities
Purchases of property and equipment	(3,270)	(2,370)
Other investing activities	(14)	295
Net cash used in investing activities	(3,284)	(2,075)
Financing activities
Borrowings under revolving credit facilities	288,800	60,000
Payments on revolving credit facilities	(204,300)	(60,000)
Proceeds from issuance of insurance premium notes and other	9,301
Principal payments on notes payable	(7,716)
Net proceeds from mortgage repurchase facilities	(13,689)	(11,307)
Net proceeds from issuances of common stock		5,021
Repurchases of common stock upon vesting of stock based compensation	(3,166)	(4,790)
Repurchases of common stock under our stock repurchase program	(1,439)
Net cash provided by (used in) financing activities	67,791	(11,076)
Net increase (decrease)	5,107	(57,722)
Cash and cash equivalents and Restricted cash, Beginning of period	36,441	93,713
Cash and cash equivalents and Restricted cash, End of period	41,548	35,991
Supplemental cash flow disclosure
Cash paid for income taxes		606
Cash and cash equivalents and Restricted cash
Cash and cash equivalents	38,115	29,986
Restricted cash (Note 6)	3,433	6,005
Cash and cash equivalents and Restricted cash, End of period	$ 41,548	$ 35,991

Consolidated Statement of Chang

Consolidated Statement of Changes in Equity - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Total
Beginning balance at Dec. 31, 2017	$ 295	$ 566,790	$ 168,148	$ 735,233
Beginning balance (in shares) at Dec. 31, 2017	29,503
Issuance of common stock	$ 3	5,018		5,021
Issuance of common stock, shares	446
Repurchase of common stock upon vesting of restricted stock awards		(4,788)		(4,788)
Repurchase of common stock upon vesting of restricted stock awards, shares	(159)
Stock-based compensation expense		2,516		2,516
Net income			20,019	20,019
Ending balance at Mar. 31, 2018	$ 298	569,536	187,584	757,418
Ending balance (in shares) at Mar. 31, 2018	29,790
Adoption of ASC 606			(583)	(583)
Beginning balance at Dec. 31, 2018	$ 302	595,037	264,020	859,359
Beginning balance (in shares) at Dec. 31, 2018	30,155
Repurchase of common stock		(1,438)		(1,438)
Repurchase of common stock, shares	(83)
Vesting of restricted stock units	$ 1	(3,167)		(3,166)
Vesting of restricted stock units, shares	232
Stock-based compensation expense		3,534		3,534
Net income			17,117	17,117
Ending balance at Mar. 31, 2019	$ 303	$ 593,966	$ 281,137	$ 875,406
Ending balance (in shares) at Mar. 31, 2019	30,304

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2019
Basis of Presentation [Abstract]
Basis of Presentation	1. Basis of Presentation Century Communities, Inc. (which we refer to as “we,” “CCS,” or the “Company”), together with its subsidiaries, is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in the States of Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, 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 and second time move up, and lifestyle homebuyers, and provides our homebuyers with the ability to personalize their homes through certain option and upgrade selections. Our Wade Jurney Homes brand solely targets first time homebuyers, sells homes through retail studios and the internet, and provides no option or upgrade selections. Our homebuilding operations are organized into the following five reportable segments: West, Mountain, Texas, Southeast, and Wade Jurney Homes. Additionally, our indirect wholly-owned subsidiaries, Inspire Home Loans, Inc., Parkway Title, LLC, and IHL Home Insurance Agency, LLC, which provide mortgage, title and insurance services, respectively, to our home buyers have been identified as our Financial Services segment. On June 14, 2018, we acquired the remaining 50% ownership interest in WJH, 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, 2018, which are included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2018 that was filed with the SEC on February 13, 2019. 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. 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 Adopted Accounting Standards Leases The Financial Accounting Standards Board (which we refer to as “FASB”) issued ASC 842, Leases (which we refer to as “ASC 842”) which requires the recognition of lease assets and lease liabilities by lessees for most leases. ASC 842 is effective for the Company beginning January 1, 2019 and interim periods within the annual period. We adopted ASC 842 under a modified retrospective approach using the option to apply the transition provisions on the effective date January 1, 2019. The modified retrospective approach allows the Company to carryforward our historical lease classification, and to present historical periods under legacy lease accounting guidance. The Company’s leases primarily consist of leases for office space, and computer and office equipment where we are the lessee. ASC 842 includes several practical expedients which we elected upon adoption including to (a) not reassess the lease classification for any expired or existing leases and (b) not reassess whether previously capitalized initial direct costs qualify for capitalization under ASC 842. Additionally, we elected to utilize hindsight when determining the lease term. The adoption of ASC 842 resulted in the establishment of a right of use asset of $17.7 million and a lease liability of $ 18.7 million on our consolidated balance sheet as of January 1, 2019. The adoption of ASC 842 did not impact stockholders’ equity.  Recently Issued Accounting Standards  In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (which we refer to as “ASU 2016-13”), which changes the impairment model for most financial assets and certain other instruments. ASU 2016-13 changes the probable threshold for initial recognition of a credit loss in current GAAP to a model that reflects an entity’s current estimate of all expected credit losses. ASU 2016-13 is effective for our interim and annual reporting periods beginning January 1, 2020. We are currently evaluating the impact of ASU 2016-13 on our consolidated financial statements 

Reporting Segments

Reporting Segments	3 Months Ended
	Mar. 31, 2019
Reporting Segments [Abstract]
Reporting Segments	 2. Reporting Segments Our homebuilding operations are engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in 15 states. We build and sell homes under our Century Communities and Wade Jurney Homes brands. Our Century Communities brand is managed by geographic location, and each of our four geographic regions targets a wide range of buyer profiles including: first time, first and second time move up, and lifestyle homebuyers, and provides our homebuyers with the ability to personalize their homes through certain option and upgrade selections. Each of our four geographic regions is considered a separate operating segment. Our Wade Jurney Homes brand solely targets first time homebuyers, sells homes through retail studios and the internet, and provides no option or upgrade selections. Our Wade Jurney Homes brand currently has operations in ten states and is managed separately from our four geographic regions, accordingly, it is considered a separate operating segment. The management of our four geographic regions and Wade Jurney Homes reports to our chief operating decision makers (which we refer to as “CODMs”), the Co-Chief Executive Officers of our Company. The CODMs review the results of our operations, including total revenue and income before income tax expense to determine profitability and to allocate resources. Accordingly, we have presented our homebuilding operations as the following five reportable segments: · West (California and Washington) · Mountain (Colorado, Nevada and Utah) · Texas · Southeast (Georgia, North Carolina, South Carolina and Tennessee) · Wade Jurney Homes (Alabama, Arizona, Florida, Georgia, Indiana, North Carolina, Ohio, South Carolina, Tennessee, and Texas) We have also identified our Financial Services operations, which provide mortgage, title, and insurance services to our homebuyers, as a sixth reportable segment. Our Corporate operations are a non-operating segment, as it serves to support our homebuilding, and to a lesser extent our financial services operations, through functions, such as our executive, finance, treasury, human resources, accounting and legal departments. The following table summarizes total revenue and income before income tax expense by segment (in thousands):   Three months ended March 31,  2019 2018  Revenue:  West $ 112,120 $ 118,920  Mountain 159,666 145,493  Texas 50,486 38,028  Southeast 112,812 93,849  Wade Jurney Homes 89,573 —  Financial Services 8,400 5,556  Corporate — —  Total revenue $ 533,057 $ 401,846   Income (loss) before income tax expense:  West $ 8,648 $ 9,869  Mountain 19,308 17,923  Texas 3,749 1,808  Southeast 5,739 4,681  Wade Jurney Homes 3,973 —  Financial Services 1,590 1,161  Corporate (20,010) (12,335)  Total income before income tax expense $ 22,997 $ 23,107  The following table summarizes total assets by operating segment (in thousands):   March 31, December 31,  2019 2018  West $ 541,455 $ 502,381  Mountain 636,258 621,757  Texas 217,538 209,550  Southeast 441,454 448,681  Wade Jurney 235,126 204,925  Financial Services 142,633 146,710  Corporate 108,601 120,251  Total assets $ 2,323,065 $ 2,254,255 Corporate assets primarily include certain cash and cash equivalents, certain property and equipment, prepaid insurance, and deferred financing costs on our revolving line of credit.

Business Combinations

Business Combinations	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Business Combinations	3. Business Combinations  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 the internet, and provides no option or upgrade selections. The acquired assets primarily include homes under construction that are in various stages of completion and are geographically dispersed. We determined that the fair value of the gross assets acquired was not concentrated in a single identifiable asset or group of similar identifiable assets. As the acquired assets and processes have the ability to create outputs in the form of revenue from the sale of single family residences, we concluded that the acquisition represents a business combination. We incurred $0.4 million in acquisition costs.  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 was inclusive of an estimated discount for lack of control of $1.9 million, and recognized a gain of $7.2 million during the year ended December 31, 2018.  The 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 estimates of the assets acquired and liabilities assumed as of the acquisition date (in thousands):    Cash and cash equivalents $ 9,464  Cash held in escrow 260  Accounts receivable 1,042  Inventories 156,828  Prepaid expenses and other assets 7,710  Amortizable intangible assets, net 3,600  Goodwill 3,317  $ 182,221   Accounts payable $ 12,516  Accrued expenses and other liabilities 2,349  Total senior notes and revolving line of credit 94,231  Total liabilities 109,096  Fair value of 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 $3.3 million and $0.3 million, respectively, and are amortized over 10 years and 2 years, respectively. We determined that WJH’s carrying costs approximated fair value for all other acquired assets and assumed liabilities. WJH’s results of operations, which include homebuilding revenues of $89.6 million and income before tax inclusive of purchase price accounting, of $4.0 million are included in our accompanying Consolidated Statement of Operations for the three months ended March 31, 2019.  Pro Forma Financial Information Pro forma revenue and income before tax expense for the quarter ended March 31, 2018 gives effect to the results of the acquisition of WJH. The effect of the WJH acquisition is reflected as though the acquisition date was 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 year preceding the year of the acquisition and excludes acquisition expense incurred related to the transactions.     Three months ended March 31, 2018  Total revenues $ 474,452   Income before tax expense $ 23,113  Tax expense (3,086)  Net income $ 20,027  Less: Undistributed earnings allocated to participating securities (49)  Numerator for basic and diluted pro forma EPS $ 19,978   Pro forma weighted average shares-basic 29,515,531  Pro forma weighted average shares-diluted 29,833,729   Pro forma basic EPS $ 0.68  Pro forma diluted EPS $ 0.67 

Inventory

Inventory	3 Months Ended
	Mar. 31, 2019
Inventory [Abstract]
Inventory	4. Inventories Inventories included the following (in thousands):     March 31, December 31,  2019 2018  Homes under construction $ 989,153 $ 1,073,682  Land and land development 895,518 720,719  Capitalized interest 59,121 53,842  Total inventories $ 1,943,792 $ 1,848,243 

Financial Services

Financial Services	3 Months Ended
	Mar. 31, 2019
Financial Services [Abstract]
Financial Services	5. Financial Services Our Financial Services are principally comprised of our mortgage lending operations, Inspire Home Loans, Inc. (which we refer to as “Inspire”). Inspire, is a full-service mortgage lender and primarily originates mortgage loans for our homebuyers. Inspire sells substantially all of the loans it originates and their related servicing rights in the secondary mortgage market within a short period of time after origination, generally within 30 days. Inspire primarily finances these loans under its mortgage repurchase facilities. Mortgage loans in process for which interest rates were committed to borrowers totaled approximately $45.2 million and $26.2 million at March 31, 2019 and December 31, 2018, respectively, and carried a weighted average interest rate of approximately 4.4% , and 4.7% , respectively. As of March 31, 2019 and December 31, 2018, Inspire had mortgage loans held for sale with an aggregate fair value of $98.6 million and $114.1 million, respectively, and an aggregate outstanding principal balance of $93.8 million and $108.0 million, respectively. Interest rate risks related to these obligations are mitigated by the preselling of loans to investors or through our interest rate hedging program.  Mortgage loans held-for-sale, including the rights to service the mortgage loans, as well as the derivative instrument used to economically hedge our interest rate risk, which are typically forward commitments on mortgage backed securities, are carried at fair value and changes in fair value are reflected in Financial Services Revenue on the Consolidated Statement of Operations. Management believes carrying loans held-for-sale at fair value improves financial reporting by mitigating volatility in reported earnings caused by measuring the fair value of the loans and the derivative instruments used to economically hedge them. 

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets	3 Months Ended
	Mar. 31, 2019
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):     March 31, December 31,  2019 2018  Prepaid insurance $ 31,780 $ 20,226  Lot option and escrow deposits 46,070 51,038  Performance deposits 6,626 4,552  Deferred financing costs revolving line of credit, net 4,226 4,155  Restricted cash 3,433 3,539  Secured note receivable 2,700 4,947  Right of use assets 17,254 —  Insurance receivable and other 11,159 50,260  Total prepaid expenses and other assets $ 123,248 $ 138,717

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	3 Months Ended
	Mar. 31, 2019
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):     March 31, December 31,  2019 2018  Earnest money deposits $ 12,922 $ 13,990  Warranty reserve 8,633 7,970  Accrued compensation costs 17,259 29,770  Land development and home construction accruals 118,653 77,748  Accrued interest 16,583 15,636  Lease liabilities - operating leases 18,184 —  Income taxes payable 3,638 —  Liability for product financing arrangements and other 12,974 68,043  Total accrued expenses and other liabilities $ 208,846 $ 213,157 

Warranties

Warranties	3 Months Ended
	Mar. 31, 2019
Warranties [Abstract]
Warranties	8. Warranties Estimated future direct warranty costs are accrued and charged to cost of home sales revenues in the period when the related home sales revenues are recognized. Amounts accrued, which are included in Accrued expenses and other liabilities on the Consolidated Balance Sheets, are based upon historical experience rates. We subsequently assess the adequacy of our warranty accrual on a quarterly basis through an internal model that incorporates historical payment trends and adjust the amounts recorded if necessary. We increased our warranty reserve by $22 thousand during the three months ended March 31, 2019, compared to a $45 thousand decrease during the same period in 2018. This adjustment is included as a reduction to Cost of home sales revenues on our Consolidated Statements of Operations. Changes in our warranty accrual are detailed in the table below (in thousands ):    Three months ended March 31,  2019 2018  Beginning balance $ 7,970 $ 8,531  Warranty expense provisions 1,661 1,434  Payments (1,020) (959)  Warranty adjustment 22 (45)  Ending balance $ 8,633 $ 8,961

Debt

Debt	3 Months Ended
	Mar. 31, 2019
Debt [Abstract]
Debt	9. Debt  Our outstanding debt obligations included the following as of March 31, 2019 and December 31, 2018 (in thousands):       March 31, December 31,  2019 2018  6.875% senior notes, due May 2022 (1) $ 380,900 $ 380,567  5.875% senior notes, due July 2025 (1) 395,591 395,415  Insurance premium notes and other financing obligations 10,381 8,795  Senior notes payable 786,872 784,777  Revolving line of credit, due April 2022 287,000 202,500  Mortgage repurchase facility 90,866 104,555  Total debt $ 1,164,738 $ 1,091,832 (1) The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes. Revolving L ine of C redit We are party to an Amended and Restated Credit Agreement with Texas Capital Bank, National Association, as Administrative Agent and L/C Issuer, the lenders party thereto and certain of our subsidiaries, which, as amended most recently on February 12, 2019, provides us with a revolving line of credit of up to $640.0 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. 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. As of March 31, 2019, we had $287.0 million outstanding under the credit facility, leaving $353.0 million in availability and were in compliance with all covenants.  Mortgage Repurchase Facilities – Financial Services On May 4, 2018 and September 14, 2018, Inspire entered into mortgage warehouse facilities, with Comerica Bank, and J.P. Morgan, respectively. The mortgage warehouse lines of credit (which we refer to as the “Repurchase Facilities”) provide Inspire with uncommitted repurchase facilities of up to $140 million, secured by the mortgage loans financed thereunder. Amounts outstanding under the Repurchase Facilities are not guaranteed by us or any of our subsidiaries and the agreements contain various affirmative and negative covenants applicable to Inspire that are customary for arrangements of this type. As of March 31, 2019, we had $90.9 million outstanding under these Repurchase Facilities and were in compliance with all covenants thereunder. No assurance can be provided, however, that we will remain in compliance with the covenants or have continued access to these facilities or substitute or replacement facilities in an amount sufficient to fund our mortgage lending business. During the three months ended March 31, 2019 and 2018, we incurred interest expense on our Repurchase Facilities of $0.6 million and $0.2 million, respectively, which are included in financial services costs on our Consolidated Statements of Operations .

Interest

Interest	3 Months Ended
	Mar. 31, 2019
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 months ended March 31, 2019 and 2018, we capitalized all interest costs incurred during these periods, except for interest incurred on our Mortgage repurchase facilities. Our interest costs are as follows (in thousands):    Three months ended March 31,  2019 2018  Interest capitalized beginning of period $ 53,842 41,762  Interest capitalized during period 17,866 13,357  Less: capitalized interest in cost of sales (12,587) (8,959)  Interest capitalized end of period $ 59,121 46,160 

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Taxes [Abstract]
Income Taxes	11 . Income Taxes  At the end of each interim period we are required to estimate our annual effective tax rate for the fiscal year, and to use that rate to provide for income taxes for the current year-to-date reporting period. Our 2019 estimated annual effective tax rate of 26.7% is driven by our blended federal and state statutory rate of 24.9% , and certain other permanent differences between GAAP and tax which increased our rate by 1.8% . For the three months ended March 31, 2019 our estimated annual rate of 26.7% was impacted by discrete items which had a net impact of decreasing our rate by 1.2% , including excess tax benefits for vested stock-based compensation.  For the three months ended March 31, 2019 and 2018, we recorded income tax expense of $5.9 million and $3.1 million, respectively. 

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Mar. 31, 2019
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):    March 31, 2019 December 31, 2018   Hierarchy Carrying Fair Value Carrying Fair Value  Secured notes receivable (1) Level 2 $ 2,700 $ 2,616 $ 4,947 $ 4,830  Mortgage loans held for sale (2) Level 2 $ 98,591 $ 98,591 $ 114,074 $ 114,074   6.875% senior notes (3) Level 2 $ 380,900 $ 385,308 $ 380,567 $ 367,618  5.875 % senior notes (3) Level 2 $ 395,591 $ 373,591 $ 395,415 $ 351,414  3.278% insurance premium notes (4) Level 2 $ 10,381 $ 10,381 $ 6,475 $ 6,475  Revolving line of credit (4) Level 3 $ 287,000 $ 287,000 $ 202,500 $ 202,500  Other financing obligation (4) Level 2 $ — $ — $ 2,320 $ 2,320  Mortgage repurchase facilities (4) Level 2 $ 90,866 $ 90,866 $ 104,555 $ 104,555  (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	3 Months Ended
	Mar. 31, 2019
Stock-Based Compensation [Abstract]
Stock-Based Compensation	13. Stock-Based Compensation During the three months ended March 31, 2019, 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 $22.01 per share that are subject to both service and performance vesting conditions. The quantity of shares that will vest under the PSUs ranges 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 March 31, 2019, we also granted restricted stock units (which we refer to as “RSUs”) covering 0.5 million shares of common stock with a grant date fair value of $23.76 per share that vest over a three -year period. As of March 31, 2019, 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 March 31, 2019  Unvested units 1,326  Unrecognized compensation cost $ 24,442  Period to recognize compensation cost 2.0 years During the three months ended March 31, 2019 and 2018 , we recognized stock-based compensation expense of $3.5 million and $2.5 million, respectively. Stock-based compensation expense is included in selling, general, and administrative on our Consolidated Statements of Operations.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 and December 31, 2018, there were 30.3 million and 30.2 million shares of common stock issued and outstanding, respectively . On May 10, 2017, our stockholders approved the adoption of the Century Communities, Inc. 2017 Omnibus Incentive Plan (which we refer to as our “2017 Incentive Plan”), which replaced our First Amended & Restated 2013 Long-Term Incentive Plan. We had reserved a total of 1.8 million shares of our common stock for issuance under our First Amended & Restated 2013 Long-Term Incentive Plan, of which approximately 0.6 million shares rolled over into the 2017 Incentive Plan when it became effective. We issued 0.4 million shares of common stock related to the vesting of RSUs during the three months ended March 31, 2019 . As of March 31, 2019, approximately 0.2 million shares remained available for issuance under the 2017 Incentive Plan. On July 3, 2018, we entered into a Distribution Agreement with J.P. Morgan Securities LLC, Citigroup Global Markets Inc., and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as sales agents 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 sales agents party thereto in “at-the-market” offerings. This Distribution Agreement, which superseded and replaced a prior similar Distribution Agreement, had $72.7 million available for sale as of March 31, 2019. We did no t sell or issue any shares of our common stock during the three months ended March 31, 2019. During the three months ended March 31, 2018, we sold and issued an aggregate of 0.2 million shares of our common stock under a prior Distribution Agreement, which provided net proceeds of $5.0 million, and in connection with such sales, paid total commissions and fees to the Sales Agents of $0.1 million . The Distribution Agreement will remain in full force and effect until terminated by either party pursuant to the terms of the agreement or such date that the maximum offering amount has been sold in accordance with the terms of the agreement .

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
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 months ended March 31, 2019 and 2018 (in thousands, except share and per share information):   Three months ended  March 31,  2019 2018  Numerator  Net income $ 17,117 $ 20,019  Less: Undistributed earnings allocated to participating securities — (49)  Net income allocable to common stockholders $ 17,117 $ 19,970  Denominator  Weighted average common shares outstanding - basic 30,203,243 29,515,531  Dilutive effect of restricted stock units 241,033 318,198  Weighted average common shares outstanding - diluted 30,444,276 29,833,729  Earnings per share:  Basic $ 0.57 $ 0.68  Diluted $ 0.56 $ 0.67  Stock-based awards are excluded from the calculation of diluted EPS in the event they are subject to unsatisfied performance conditions or are antidilutive. We excluded 0.3 million common unit equivalents from diluted earnings per share during the three months ended March 31, 2019 related to the PSUs granted during the periods. We did no t have any common unit equivalents to exclude from diluted earnings per share during the three months ended March 31, 2018.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019, and December 31, 2018 , we had $298.0 million and $289.8 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. Under various insurance policies, we have the ability to recoup costs in excess of applicable self-insured retentions. Estimates of such amounts are recorded in other assets when recovery is probable. As of December 31, 2018, substantially all of the amounts reflected in Insurance receivable and other were related to construction claims, which were settled and amounts collected under the applicable insurance policies during the quarter ended March 31, 2019. 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.

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	17. Leases  Under ASC 842, the Company determines if a contract is or contains a lease at inception or modification of a contract. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. Control over the use of the identified asset means the lessee has both (a) the right to obtain substantially all of the economic benefits from the use of the asset and (b) the right to direct the use of the asset.  We primarily enter into operating leases for the right to use office space, and computer and office equipment, which have lease terms that generally range from 1 to 7 years and often include one or more options to renew. We include renewal terms in the lease term when it is reasonably certain that we will exercise the option. For leases entered into after January 1, 2019, we establish a right of use asset and a lease liability at the co mmencement date of the lease based on the present value of future minimum lease payments. As the rate implicit in each lease is not readily determinable, we utilize our incremental borrowing rate in determining the present value of future minimum payments. Our incremental borrowing rate is determined based on information available at the commencement date. We account for the lease components and non-lease components as a single lease component. As of March 31, 2019, the Company had $17.3 million and $18.2 million recognized as a r ight of use asset and l ease liability, respectively, which are presented on the consolidated balance sheet within Prepaid expenses and other assets and Accrued expenses and other liabilities, respectively. The Company has entered into various short-term operating leases, primarily for marketing billboards, with an initial term of twelve months or less. These leases are not recorded on the Company's balance sheet.  Under both ASC 840 and ASC 842, operating lease expense is recognized on a straight-line basis over the lease term and was $1.4 million and $0.9 million for the quarters ended March 31, 2019 and 2018, respectively. Information related to the Company’s right of use asset and lease liability were as follows (in thousands):    Three Months Ended March 31, 2019  Cash paid for operating lease liabilities $ 1,311  Right-of-use assets obtained in exchange for new operating lease obligations $ 847  Weighted-average remaining lease term 4.29 years  Weighted-average discount rate 6.39 % Maturities of lease liabilities as of March 31, 2019 were as follows (in thousands):    Due in 12 month period ended March 31,  2020 $ 5,492  2021 5,023  2022 4,027  2023 2,861  2024 2,258  Thereafter 1,251  Total 20,912  Less: discount (2,728)  Total lease liabilities $ 18,184 

Supplemental Guarantor Informat

Supplemental Guarantor Information	3 Months Ended
	Mar. 31, 2019
Supplemental Guarantor Information [Abstract]
Supplemental Guarantor Information	18. 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 March 31, 2019 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Assets  Cash and cash equivalents $ 643 2,596 34,876 — $ 38,115  Cash held in escrow — 24,664 — — 24,664  Accounts receivable 3,627 8,754 55 — 12,436  Investment in consolidated subsidiaries 1,928,076 — — (1,928,076) —  Inventories — 1,943,792 — — 1,943,792  Mortgage loans held for sale — — 98,591 — 98,591  Prepaid expenses and other assets 13,807 101,649 7,792 — 123,248  Deferred tax assets, net 13,591 — — — 13,591  Property and equipment, net 13,966 18,578 927 — 33,471  Amortizable intangible assets, net — 4,762 — — 4,762  Goodwill — 30,395 — — 30,395  Total assets $ 1,973,710 $ 2,135,190 $ 142,241 $ (1,928,076) $ 2,323,065  Liabilities and stockholders’ equity  Liabilities:  Accounts payable $ 835 73,002 238 — $ 74,075  Accrued expenses and other liabilities 33,978 166,029 8,839 — 208,846  Notes payable 776,491 10,381 — — 786,872  Revolving line of credit 287,000 — — — 287,000  Mortgage repurchase facilities — — 90,866 — 90,866  Total liabilities 1,098,304 249,412 99,943 — 1,447,659  Stockholders’ equity: 875,406 1,885,778 42,298 (1,928,076) 875,406  Total liabilities and stockholders’ equity $ 1,973,710 $ 2,135,190 $ 142,241 $ (1,928,076) $ 2,323,065     Supplemental Condensed Consolidated Balance Sheet  As of December 31, 2018 ( in thousands )   Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Assets  Cash and cash equivalents $ 2,183 2,101 28,618 — $ 32,902  Cash held in escrow — 24,344 — — 24,344  Accounts receivable 6,117 7,424 (77) — 13,464  Investment in consolidated subsidiaries 1,827,456 — — (1,827,456) —  Inventories — 1,848,243 — — 1,848,243  Mortgage loans held for sale — — 114,074 — 114,074  Prepaid expenses and other assets 51,177 85,224 2,316 — 138,717  Deferred tax assets, net 13,763 — — — 13,763  Property and equipment, net 13,274 18,989 995 — 33,258  Amortizable intangible assets, net — 5,095 — — 5,095  Goodwill — 30,395 — — 30,395  Total assets $ 1,913,970 $ 2,021,815 $ 145,926 $ (1,827,456) $ 2,254,255  Liabilities and stockholders’ equity  Liabilities:  Accounts payable $ 623 88,627 657 — $ 89,907  Accrued expenses and other liabilities 75,506 131,548 6,103 — 213,157  Notes payable 775,982 8,795 — — 784,777  Revolving line of credit 202,500 — — — 202,500  Mortgage repurchase facilities — — 104,555 — 104,555  Total liabilities 1,054,611 228,970 111,315 — 1,394,896  Stockholders’ equity: 859,359 1,792,845 34,611 (1,827,456) 859,359  Total liabilities and stockholders’ equity $ 1,913,970 $ 2,021,815 $ 145,926 $ (1,827,456) $ 2,254,255       Supplemental Condensed Consolidated Statement of Operations  For the Three Months Ended March 31, 2019 (in thousands)  Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Revenues  Homebuilding revenues  Home sales revenues $ — 523,302 — — $ 523,302  Land sales and other revenues — 1,355 — — 1,355  — 524,657 — — 524,657  Financial services revenue — — 8,400 8,400  Total revenues — 524,657 8,400 — 533,057  Homebuilding cost of revenues  Cost of home sales revenues — (433,757) — — (433,757)  Cost of land sales and other revenues — (614) — — (614)  — (434,371) — — (434,371)  Financial services costs — — (6,829) (6,829)  Selling, general and administrative (18,655) (50,281) — — (68,936)  Acquisition expense — — — — —  Equity in earnings from consolidated subsidiaries 31,163 — — (31,163) —  Equity in income of unconsolidated subsidiaries — — — — —  Other income (expense) 101 (45) 20 — 76  Income before income tax expense 12,609 39,960 1,591 (31,163) 22,997  Income tax expense 4,508 (9,990) (398) — (5,880)  Net income $ 17,117 $ 29,970 $ 1,193 $ (31,163) $ 17,117        Supplemental Condensed Consolidated Statement of Operations  For the Three Months Ended March 31, 2018 (in thousands)   Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Revenues  Homebuilding revenues  Home sales revenues $ — $ 394,831 $ — $ — $ 394,831  Land sales and other revenues — 1,459 — — 1,459  — 396,290 — — 396,290  Financial services revenue — — 5,556 — 5,556  Total revenues — 396,290 5,556 — 401,846  Homebuilding cost of revenues  Cost of home sales revenues — (319,583) — — (319,583)  Cost of land sales and other revenues — (877) — — (877)  — (320,460) — — (320,460)  Financial services costs — — (4,395) — (4,395)  Selling, general and administrative (15,462) (41,060) — — (56,522)  Acquisition expense (173) — — — (173)  Equity in earnings from consolidated subsidiaries 26,497 — — (26,497) —  Equity in income of unconsolidated subsidiaries 3,168 — — — 3,168  Other income (expense) (233) (124) — — (357)  Income before income tax expense 13,797 34,646 1,161 (26,497) 23,107  Income tax expense 6,222 (9,008) (302) — (3,088)  Net income $ 20,019 $ 25,638 $ 859 $ (26,497) $ 20,019        Supplemental Condensed Consolidated Statement of Cash Flows  For the Three Months Ended March 31, 2019 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Net cash provided by/(used in) operating activities $ (36,731) (36,216) 13,547 — $ (59,400)  Net cash provided by/(used in) investing activities $ (44,704) (2,031) 67 43,384 $ (3,284)  Financing activities  Borrowings under revolving credit facilities $ 288,800 — — — $ 288,800  Payments on revolving credit facilities (204,300) — — — (204,300)  Net proceeds from mortgage repurchase facilities — — (13,689) — (13,689)  Proceeds from insurance notes payable — 9,301 — — 9,301  Principal payments on notes payable — (7,716) — — (7,716)  Issuance of common stock — — — — —  Repurchases of common stock under our stock repurchase program (1,439) — — — (1,439)  Repurchases of common stock upon vesting of stock based compensation (3,166) — — — (3,166)  Payments from (and advances to) parent/subsidiary — 36,890 6,494 (43,384) —  Net cash provided by/(used in) financing activities $ 79,895 $ 38,475 $ (7,195) $ (43,384) $ 67,791  Net decrease $ (1,540) $ 228 $ 6,419 $ — $ 5,107  Cash and cash equivalents and Restricted cash  Beginning of period $ 2,183 4,006 30,252 — $ 36,441  End of period $ 643 $ 4,234 $ 36,671 $ — $ 41,548   Cash and cash equivalents $ 643 2,596 34,876 — $ 38,115  Restricted Cash — 1,638 1,795 — 3,433  Cash and cash equivalents and Restricted cash $ 643 $ 4,234 $ 36,671 $ — $ 41,548     Supplemental Condensed Consolidated Statement of Cash Flows  For the Three Months Ended March 31, 2018 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Net cash provided by/(used in) operating activities $ (13,651) (43,713) 12,793 — $ (44,571)  Net cash provided by/(used in) investing activities $ (33,265) (1,782) (25) 32,997 $ (2,075)  Financing activities  Borrowings under revolving credit facilities $ 60,000 — — — $ 60,000  Payments on revolving credit facilities (60,000) — — — (60,000)  Net proceeds from mortgage repurchase facilities — — (11,307) — (11,307)  Proceeds from insurance notes payable — — — — —  Principal payments on notes payable — — — — —  Issuance of common stock - taxes for vesting 5,021 — — — 5,021  Repurchases of common stock under our stock repurchase program — — — — —  Repurchases of common stock upon vesting of stock based compensation (4,790) — — — (4,790)  Payments from (and advances to) parent/subsidiary (584) 29,888 3,693 (32,997) —  Net cash provided by/(used in) financing activities $ (353) $ 29,888 $ (7,614) $ (32,997) $ (11,076)  Net decrease $ (47,269) $ (15,607) $ 5,154 $ — $ (57,722)  Cash and cash equivalents and Restricted cash  Beginning of period $ 56,234 28,044 9,435 — $ 93,713  End of period $ 8,965 $ 12,437 $ 14,589 $ — $ 35,991   Cash and cash equivalents $ 8,965 8,039 12,982 — $ 29,986  Restricted Cash — 4,398 1,607 — 6,005  Cash and cash equivalents and Restricted cash $ 8,965 $ 12,437 $ 14,589 $ — $ 35,991 

Basis of Presentation (Policy)

Basis of Presentation (Policy)	3 Months Ended
	Mar. 31, 2019
Basis of Presentation [Abstract]
Basis of Presentation	Century Communities, Inc. (which we refer to as “we,” “CCS,” or the “Company”), together with its subsidiaries, is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in the States of Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, 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 and second time move up, and lifestyle homebuyers, and provides our homebuyers with the ability to personalize their homes through certain option and upgrade selections. Our Wade Jurney Homes brand solely targets first time homebuyers, sells homes through retail studios and the internet, and provides no option or upgrade selections. Our homebuilding operations are organized into the following five reportable segments: West, Mountain, Texas, Southeast, and Wade Jurney Homes. Additionally, our indirect wholly-owned subsidiaries, Inspire Home Loans, Inc., Parkway Title, LLC, and IHL Home Insurance Agency, LLC, which provide mortgage, title and insurance services, respectively, to our home buyers have been identified as our Financial Services segment. On June 14, 2018, we acquired the remaining 50% ownership interest in WJH, 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, 2018, which are included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2018 that was filed with the SEC on February 13, 2019.
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.
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 Adopted And Issued Accounting Standards	Recently Adopted Accounting Standards Leases The Financial Accounting Standards Board (which we refer to as “FASB”) issued ASC 842, Leases (which we refer to as “ASC 842”) which requires the recognition of lease assets and lease liabilities by lessees for most leases. ASC 842 is effective for the Company beginning January 1, 2019 and interim periods within the annual period. We adopted ASC 842 under a modified retrospective approach using the option to apply the transition provisions on the effective date January 1, 2019. The modified retrospective approach allows the Company to carryforward our historical lease classification, and to present historical periods under legacy lease accounting guidance. The Company’s leases primarily consist of leases for office space, and computer and office equipment where we are the lessee. ASC 842 includes several practical expedients which we elected upon adoption including to (a) not reassess the lease classification for any expired or existing leases and (b) not reassess whether previously capitalized initial direct costs qualify for capitalization under ASC 842. Additionally, we elected to utilize hindsight when determining the lease term. The adoption of ASC 842 resulted in the establishment of a right of use asset of $17.7 million and a lease liability of $ 18.7 million on our consolidated balance sheet as of January 1, 2019. The adoption of ASC 842 did not impact stockholders’ equity.  Recently Issued Accounting Standards  In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (which we refer to as “ASU 2016-13”), which changes the impairment model for most financial assets and certain other instruments. ASU 2016-13 changes the probable threshold for initial recognition of a credit loss in current GAAP to a model that reflects an entity’s current estimate of all expected credit losses. ASU 2016-13 is effective for our interim and annual reporting periods beginning January 1, 2020. We are currently evaluating the impact of ASU 2016-13 on our consolidated financial statements

Reporting Segments (Tables)

Reporting Segments (Tables)	3 Months Ended
	Mar. 31, 2019
Reporting Segments [Abstract]
Schedule Of Total Revenue And Pretax Income By Segment	  Three months ended March 31,  2019 2018  Revenue:  West $ 112,120 $ 118,920  Mountain 159,666 145,493  Texas 50,486 38,028  Southeast 112,812 93,849  Wade Jurney Homes 89,573 —  Financial Services 8,400 5,556  Corporate — —  Total revenue $ 533,057 $ 401,846   Income (loss) before income tax expense:  West $ 8,648 $ 9,869  Mountain 19,308 17,923  Texas 3,749 1,808  Southeast 5,739 4,681  Wade Jurney Homes 3,973 —  Financial Services 1,590 1,161  Corporate (20,010) (12,335)  Total income before income tax expense $ 22,997 $ 23,107 
Schedule Of Total Assets By Segment	  March 31, December 31,  2019 2018  West $ 541,455 $ 502,381  Mountain 636,258 621,757  Texas 217,538 209,550  Southeast 441,454 448,681  Wade Jurney 235,126 204,925  Financial Services 142,633 146,710  Corporate 108,601 120,251  Total assets $ 2,323,065 $ 2,254,255 

Business Combinations (Tables)

Business Combinations (Tables) - Wade Jurney Homes [Member]	3 Months Ended
	Mar. 31, 2019
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 Fair Values Of Assets Acquired And Liabilities Assumed	  Cash and cash equivalents $ 9,464  Cash held in escrow 260  Accounts receivable 1,042  Inventories 156,828  Prepaid expenses and other assets 7,710  Amortizable intangible assets, net 3,600  Goodwill 3,317  $ 182,221   Accounts payable $ 12,516  Accrued expenses and other liabilities 2,349  Total senior notes and revolving line of credit 94,231  Total liabilities 109,096  Fair value of assets acquired $ 73,125 
Pro Forma Financial Information [Abstract]
Schedule Of Pro Forma Information	  Three months ended March 31, 2018  Total revenues $ 474,452   Income before tax expense $ 23,113  Tax expense (3,086)  Net income $ 20,027  Less: Undistributed earnings allocated to participating securities (49)  Numerator for basic and diluted pro forma EPS $ 19,978   Pro forma weighted average shares-basic 29,515,531  Pro forma weighted average shares-diluted 29,833,729   Pro forma basic EPS $ 0.68  Pro forma diluted EPS $ 0.67 

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2019
Inventory [Abstract]
Schedule Of Inventory	   March 31, December 31,  2019 2018  Homes under construction $ 989,153 $ 1,073,682  Land and land development 895,518 720,719  Capitalized interest 59,121 53,842  Total inventories $ 1,943,792 $ 1,848,243 

Prepaid Expenses and Other As_2

Prepaid Expenses and Other Assets (Tables)	3 Months Ended
	Mar. 31, 2019
Prepaid Expenses and Other Assets [Abstract]
Schedule Of Prepaid Expenses And Other Assets	  March 31, December 31,  2019 2018  Prepaid insurance $ 31,780 $ 20,226  Lot option and escrow deposits 46,070 51,038  Performance deposits 6,626 4,552  Deferred financing costs revolving line of credit, net 4,226 4,155  Restricted cash 3,433 3,539  Secured note receivable 2,700 4,947  Right of use assets 17,254 —  Insurance receivable and other 11,159 50,260  Total prepaid expenses and other assets $ 123,248 $ 138,717 

Accrued Expenses and Other Li_2

Accrued Expenses and Other Liabilities (Tables)	3 Months Ended
	Mar. 31, 2019
Accrued Expenses and Other Liabilities [Abstract]
Schedule Of Accrued Expenses And Other Liabilities	   March 31, December 31,  2019 2018  Earnest money deposits $ 12,922 $ 13,990  Warranty reserve 8,633 7,970  Accrued compensation costs 17,259 29,770  Land development and home construction accruals 118,653 77,748  Accrued interest 16,583 15,636  Lease liabilities - operating leases 18,184 —  Income taxes payable 3,638 —  Liability for product financing arrangements and other 12,974 68,043  Total accrued expenses and other liabilities $ 208,846 $ 213,157 

Warranties (Tables)

Warranties (Tables)	3 Months Ended
	Mar. 31, 2019
Warranties [Abstract]
Schedule Of Changes In Warranty Accrual	  Three months ended March 31,  2019 2018  Beginning balance $ 7,970 $ 8,531  Warranty expense provisions 1,661 1,434  Payments (1,020) (959)  Warranty adjustment 22 (45)  Ending balance $ 8,633 $ 8,961 

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2019
Debt [Abstract]
Schedule Of Outstanding Debt Obligations	      March 31, December 31,  2019 2018  6.875% senior notes, due May 2022 (1) $ 380,900 $ 380,567  5.875% senior notes, due July 2025 (1) 395,591 395,415  Insurance premium notes and other financing obligations 10,381 8,795  Senior notes payable 786,872 784,777  Revolving line of credit, due April 2022 287,000 202,500  Mortgage repurchase facility 90,866 104,555  Total debt $ 1,164,738 $ 1,091,832 (1) The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes.

Interest (Tables)

Interest (Tables)	3 Months Ended
	Mar. 31, 2019
Interest [Abstract]
Schedule Of Capitalized Interest Costs	  Three months ended March 31,  2019 2018  Interest capitalized beginning of period $ 53,842 41,762  Interest capitalized during period 17,866 13,357  Less: capitalized interest in cost of sales (12,587) (8,959)  Interest capitalized end of period $ 59,121 46,160 

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments	   March 31, 2019 December 31, 2018   Hierarchy Carrying Fair Value Carrying Fair Value  Secured notes receivable (1) Level 2 $ 2,700 $ 2,616 $ 4,947 $ 4,830  Mortgage loans held for sale (2) Level 2 $ 98,591 $ 98,591 $ 114,074 $ 114,074   6.875% senior notes (3) Level 2 $ 380,900 $ 385,308 $ 380,567 $ 367,618  5.875 % senior notes (3) Level 2 $ 395,591 $ 373,591 $ 395,415 $ 351,414  3.278% insurance premium notes (4) Level 2 $ 10,381 $ 10,381 $ 6,475 $ 6,475  Revolving line of credit (4) Level 3 $ 287,000 $ 287,000 $ 202,500 $ 202,500  Other financing obligation (4) Level 2 $ — $ — $ 2,320 $ 2,320  Mortgage repurchase facilities (4) Level 2 $ 90,866 $ 90,866 $ 104,555 $ 104,555  (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)	3 Months Ended
	Mar. 31, 2019
Stock-Based Compensation [Abstract]
Summary Of Outstanding Restricted Stock And Performance Stock Units	  As of March 31, 2019  Unvested units 1,326  Unrecognized compensation cost $ 24,442  Period to recognize compensation cost 2.0 years 

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share, Basic And Diluted	  Three months ended  March 31,  2019 2018  Numerator  Net income $ 17,117 $ 20,019  Less: Undistributed earnings allocated to participating securities — (49)  Net income allocable to common stockholders $ 17,117 $ 19,970  Denominator  Weighted average common shares outstanding - basic 30,203,243 29,515,531  Dilutive effect of restricted stock units 241,033 318,198  Weighted average common shares outstanding - diluted 30,444,276 29,833,729  Earnings per share:  Basic $ 0.57 $ 0.68  Diluted $ 0.56 $ 0.67 

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Information Of Lease Right Of Use Asset And Lease Liability	   Three Months Ended March 31, 2019  Cash paid for operating lease liabilities $ 1,311  Right-of-use assets obtained in exchange for new operating lease obligations $ 847  Weighted-average remaining lease term 4.29 years  Weighted-average discount rate 6.39 % 
Maturities Of Lease Liabilities	   Due in 12 month period ended March 31,  2020 $ 5,492  2021 5,023  2022 4,027  2023 2,861  2024 2,258  Thereafter 1,251  Total 20,912  Less: discount (2,728)  Total lease liabilities $ 18,184 

Supplemental Guarantor Inform_2

Supplemental Guarantor Information (Tables)	3 Months Ended
	Mar. 31, 2019
Supplemental Guarantor Information [Abstract]
Supplemental Condensed Consolidated Balance Sheet	  Supplemental Condensed Consolidated Balance Sheet  As of March 31, 2019 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Assets  Cash and cash equivalents $ 643 2,596 34,876 — $ 38,115  Cash held in escrow — 24,664 — — 24,664  Accounts receivable 3,627 8,754 55 — 12,436  Investment in consolidated subsidiaries 1,928,076 — — (1,928,076) —  Inventories — 1,943,792 — — 1,943,792  Mortgage loans held for sale — — 98,591 — 98,591  Prepaid expenses and other assets 13,807 101,649 7,792 — 123,248  Deferred tax assets, net 13,591 — — — 13,591  Property and equipment, net 13,966 18,578 927 — 33,471  Amortizable intangible assets, net — 4,762 — — 4,762  Goodwill — 30,395 — — 30,395  Total assets $ 1,973,710 $ 2,135,190 $ 142,241 $ (1,928,076) $ 2,323,065  Liabilities and stockholders’ equity  Liabilities:  Accounts payable $ 835 73,002 238 — $ 74,075  Accrued expenses and other liabilities 33,978 166,029 8,839 — 208,846  Notes payable 776,491 10,381 — — 786,872  Revolving line of credit 287,000 — — — 287,000  Mortgage repurchase facilities — — 90,866 — 90,866  Total liabilities 1,098,304 249,412 99,943 — 1,447,659  Stockholders’ equity: 875,406 1,885,778 42,298 (1,928,076) 875,406  Total liabilities and stockholders’ equity $ 1,973,710 $ 2,135,190 $ 142,241 $ (1,928,076) $ 2,323,065     Supplemental Condensed Consolidated Balance Sheet  As of December 31, 2018 ( in thousands )   Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Assets  Cash and cash equivalents $ 2,183 2,101 28,618 — $ 32,902  Cash held in escrow — 24,344 — — 24,344  Accounts receivable 6,117 7,424 (77) — 13,464  Investment in consolidated subsidiaries 1,827,456 — — (1,827,456) —  Inventories — 1,848,243 — — 1,848,243  Mortgage loans held for sale — — 114,074 — 114,074  Prepaid expenses and other assets 51,177 85,224 2,316 — 138,717  Deferred tax assets, net 13,763 — — — 13,763  Property and equipment, net 13,274 18,989 995 — 33,258  Amortizable intangible assets, net — 5,095 — — 5,095  Goodwill — 30,395 — — 30,395  Total assets $ 1,913,970 $ 2,021,815 $ 145,926 $ (1,827,456) $ 2,254,255  Liabilities and stockholders’ equity  Liabilities:  Accounts payable $ 623 88,627 657 — $ 89,907  Accrued expenses and other liabilities 75,506 131,548 6,103 — 213,157  Notes payable 775,982 8,795 — — 784,777  Revolving line of credit 202,500 — — — 202,500  Mortgage repurchase facilities — — 104,555 — 104,555  Total liabilities 1,054,611 228,970 111,315 — 1,394,896  Stockholders’ equity: 859,359 1,792,845 34,611 (1,827,456) 859,359  Total liabilities and stockholders’ equity $ 1,913,970 $ 2,021,815 $ 145,926 $ (1,827,456) $ 2,254,255 
Supplemental Condensed Consolidated Statement Of Operations	    Supplemental Condensed Consolidated Statement of Operations  For the Three Months Ended March 31, 2019 (in thousands)  Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Revenues  Homebuilding revenues  Home sales revenues $ — 523,302 — — $ 523,302  Land sales and other revenues — 1,355 — — 1,355  — 524,657 — — 524,657  Financial services revenue — — 8,400 8,400  Total revenues — 524,657 8,400 — 533,057  Homebuilding cost of revenues  Cost of home sales revenues — (433,757) — — (433,757)  Cost of land sales and other revenues — (614) — — (614)  — (434,371) — — (434,371)  Financial services costs — — (6,829) (6,829)  Selling, general and administrative (18,655) (50,281) — — (68,936)  Acquisition expense — — — — —  Equity in earnings from consolidated subsidiaries 31,163 — — (31,163) —  Equity in income of unconsolidated subsidiaries — — — — —  Other income (expense) 101 (45) 20 — 76  Income before income tax expense 12,609 39,960 1,591 (31,163) 22,997  Income tax expense 4,508 (9,990) (398) — (5,880)  Net income $ 17,117 $ 29,970 $ 1,193 $ (31,163) $ 17,117        Supplemental Condensed Consolidated Statement of Operations  For the Three Months Ended March 31, 2018 (in thousands)   Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Revenues  Homebuilding revenues  Home sales revenues $ — $ 394,831 $ — $ — $ 394,831  Land sales and other revenues — 1,459 — — 1,459  — 396,290 — — 396,290  Financial services revenue — — 5,556 — 5,556  Total revenues — 396,290 5,556 — 401,846  Homebuilding cost of revenues  Cost of home sales revenues — (319,583) — — (319,583)  Cost of land sales and other revenues — (877) — — (877)  — (320,460) — — (320,460)  Financial services costs — — (4,395) — (4,395)  Selling, general and administrative (15,462) (41,060) — — (56,522)  Acquisition expense (173) — — — (173)  Equity in earnings from consolidated subsidiaries 26,497 — — (26,497) —  Equity in income of unconsolidated subsidiaries 3,168 — — — 3,168  Other income (expense) (233) (124) — — (357)  Income before income tax expense 13,797 34,646 1,161 (26,497) 23,107  Income tax expense 6,222 (9,008) (302) — (3,088)  Net income $ 20,019 $ 25,638 $ 859 $ (26,497) $ 20,019  
Supplemental Condensed Consolidated Statement Of Cash Flows	    Supplemental Condensed Consolidated Statement of Cash Flows  For the Three Months Ended March 31, 2019 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Net cash provided by/(used in) operating activities $ (36,731) (36,216) 13,547 — $ (59,400)  Net cash provided by/(used in) investing activities $ (44,704) (2,031) 67 43,384 $ (3,284)  Financing activities  Borrowings under revolving credit facilities $ 288,800 — — — $ 288,800  Payments on revolving credit facilities (204,300) — — — (204,300)  Net proceeds from mortgage repurchase facilities — — (13,689) — (13,689)  Proceeds from insurance notes payable — 9,301 — — 9,301  Principal payments on notes payable — (7,716) — — (7,716)  Issuance of common stock — — — — —  Repurchases of common stock under our stock repurchase program (1,439) — — — (1,439)  Repurchases of common stock upon vesting of stock based compensation (3,166) — — — (3,166)  Payments from (and advances to) parent/subsidiary — 36,890 6,494 (43,384) —  Net cash provided by/(used in) financing activities $ 79,895 $ 38,475 $ (7,195) $ (43,384) $ 67,791  Net decrease $ (1,540) $ 228 $ 6,419 $ — $ 5,107  Cash and cash equivalents and Restricted cash  Beginning of period $ 2,183 4,006 30,252 — $ 36,441  End of period $ 643 $ 4,234 $ 36,671 $ — $ 41,548   Cash and cash equivalents $ 643 2,596 34,876 — $ 38,115  Restricted Cash — 1,638 1,795 — 3,433  Cash and cash equivalents and Restricted cash $ 643 $ 4,234 $ 36,671 $ — $ 41,548     Supplemental Condensed Consolidated Statement of Cash Flows  For the Three Months Ended March 31, 2018 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  Century Subsidiaries Subsidiaries Entries Century  Net cash provided by/(used in) operating activities $ (13,651) (43,713) 12,793 — $ (44,571)  Net cash provided by/(used in) investing activities $ (33,265) (1,782) (25) 32,997 $ (2,075)  Financing activities  Borrowings under revolving credit facilities $ 60,000 — — — $ 60,000  Payments on revolving credit facilities (60,000) — — — (60,000)  Net proceeds from mortgage repurchase facilities — — (11,307) — (11,307)  Proceeds from insurance notes payable — — — — —  Principal payments on notes payable — — — — —  Issuance of common stock - taxes for vesting 5,021 — — — 5,021  Repurchases of common stock under our stock repurchase program — — — — —  Repurchases of common stock upon vesting of stock based compensation (4,790) — — — (4,790)  Payments from (and advances to) parent/subsidiary (584) 29,888 3,693 (32,997) —  Net cash provided by/(used in) financing activities $ (353) $ 29,888 $ (7,614) $ (32,997) $ (11,076)  Net decrease $ (47,269) $ (15,607) $ 5,154 $ — $ (57,722)  Cash and cash equivalents and Restricted cash  Beginning of period $ 56,234 28,044 9,435 — $ 93,713  End of period $ 8,965 $ 12,437 $ 14,589 $ — $ 35,991   Cash and cash equivalents $ 8,965 8,039 12,982 — $ 29,986  Restricted Cash — 4,398 1,607 — 6,005  Cash and cash equivalents and Restricted cash $ 8,965 $ 12,437 $ 14,589 $ — $ 35,991 

Basis of Presentation (Narrativ

Basis of Presentation (Narrative) (Details) $ in Thousands	Jun. 14, 2018USD ($)	Mar. 31, 2019USD ($)segment	Nov. 30, 2016
Summary of Significant Accounting Policies [Line Items]
Number of operating segments | segment		5
Right of use asset		$ 17,254
Lease liabilities - operating leases		$ 18,184
Wade Jurney Homes [Member]
Summary of Significant Accounting Policies [Line Items]
Ownership interest	50.00%		50.00%
Business combination, purchase price	$ 37,500

Reporting Segments (Narrative)

Reporting Segments (Narrative) (Details)	3 Months Ended
	Mar. 31, 2019stateregion
Segment Reporting Information [Line Items]
Number of operating states	15
Number of operating regions | region	4
Wade Jurney Homes [Member]
Segment Reporting Information [Line Items]
Number of operating states	10

Reporting Segments (Schedule Of

Reporting Segments (Schedule Of Total Revenue And Pretax Income By Segment) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Total revenue	$ 533,057	$ 401,846
Total income (loss) before income tax expense	22,997	23,107
West [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	112,120	118,920
Total income (loss) before income tax expense	8,648	9,869
Mountain [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	159,666	145,493
Total income (loss) before income tax expense	19,308	17,923
Texas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	50,486	38,028
Total income (loss) before income tax expense	3,749	1,808
Southeast [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	112,812	93,849
Total income (loss) before income tax expense	5,739	4,681
Wade Jurney Homes [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	89,573
Total income (loss) before income tax expense	3,973
Financial Services [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	8,400	5,556
Total income (loss) before income tax expense	1,590	1,161
Corporate [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total income (loss) before income tax expense	$ (20,010)	$ (12,335)

Reporting Segments (Schedule _2

Reporting Segments (Schedule Of Total Assets By Segment) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total assets	$ 2,323,065	$ 2,254,255
West [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	541,455	502,381
Mountain [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	636,258	621,757
Texas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	217,538	209,550
Southeast [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	441,454	448,681
Wade Jurney Homes [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	235,126	204,925
Financial Services [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	142,633	146,710
Corporate [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	$ 108,601	$ 120,251

Business Combinations (Narrativ

Business Combinations (Narrative) (Details) - USD ($) $ in Thousands	Jun. 14, 2018	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Nov. 30, 2016
Business Combinations [Line Items]
Acquisition expense			$ 173
Revenues		$ 533,057	401,846
Equity in income of unconsolidated subsidiaries			3,168
Income before income tax expense		22,997	23,107
Homebuilding [Member]
Business Combinations [Line Items]
Revenues		524,657	$ 396,290
Wade Jurney Homes [Member]
Business Combinations [Line Items]
Acquisition expense	$ 400
Business combination, purchase price	$ 37,500
Ownership interest	50.00%				50.00%
Previously held equity interest	$ 35,625
Estimated discount for lack of control				$ 1,900
Equity in income of unconsolidated subsidiaries				$ 7,200
Income before income tax expense		4,000
Wade Jurney Homes [Member] | Homebuilding [Member]
Business Combinations [Line Items]
Revenues		$ 89,600
Wade Jurney Homes [Member]
Business Combinations [Line Items]
Ownership subsidiary		100.00%
Trade Names [Member] | Wade Jurney Homes [Member]
Business Combinations [Line Items]
Estimated fair value	$ 3,300
Amortization period	10 years
Non-Compete Agreements [Member] | Wade Jurney Homes [Member]
Business Combinations [Line Items]
Estimated fair value	$ 300
Amortization period	2 years

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 (Schedu_2

Business Combinations (Schedule Of Fair Values Of Assets Acquired And Liabilities Assumed) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Jun. 14, 2018
Assets acquired and liabilities assumed
Goodwill	$ 30,395	$ 30,395
Wade Jurney Homes [Member]
Assets acquired and liabilities assumed
Cash and cash equivalents			$ 9,464
Cash held in escrow			260
Accounts receivable			1,042
Inventories			156,828
Prepaid expenses and other assets			7,710
Amortizable intangible assets, net			3,600
Goodwill			3,317
Total assets			182,221
Accounts payable			12,516
Accrued expenses and other liabilities			2,349
Total senior notes and revolving line of credit			94,231
Total liabilities			109,096
Fair value of assets acquired			$ 73,125

Business Combinations (Schedu_3

Business Combinations (Schedule Of Pro Forma Information) (Details) - UCP, Sundquist Homes, And WJH [Member] $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)$ / sharesshares
Business Acquisition [Line Items]
Total revenues	$ 474,452
Income before tax expense	23,113
Tax expense	(3,086)
Net income	20,027
Less: Undistributed earnings allocated to participating securities	(49)
Numerator for basic and diluted pro forma EPS	$ 19,978
Pro forma weighted average shares-basic | shares	29,515,531
Pro forma weighted average shares-diluted | shares	29,833,729
Pro forma basic EPS | $ / shares	$ 0.68
Pro forma diluted EPS | $ / shares	$ 0.67

Inventory (Schedule Of Inventor

Inventory (Schedule Of Inventory) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Inventory [Abstract]
Homes under construction	$ 989,153	$ 1,073,682
Land and land development	895,518	720,719
Capitalized interest	59,121	53,842	$ 46,160	$ 41,762
Total inventories	$ 1,943,792	$ 1,848,243

Financial Services (Narrative)

Financial Services (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Mar. 31, 2019
Financial Services [Line Items]
Mortgage loans in process	$ 45,200	$ 26,200
Mortgage loans held for sale	$ 114,074		$ 98,591
Weighted Average [Member]
Financial Services [Line Items]
Interest rate	4.40%	4.70%
Inspire [Member]
Financial Services [Line Items]
Mortgage loans held for sale	$ 98,600	$ 114,100
Mortgage loans held for sale aggregate outstanding principal balance	$ 93,800	$ 108,000

Prepaid Expenses and Other As_3

Prepaid Expenses and Other Assets (Schedule Of Prepaid Expenses And Other Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Prepaid Expenses and Other Assets [Abstract]
Prepaid insurance	$ 31,780	$ 20,226
Lot option and escrow deposits	46,070	51,038
Performance deposits	6,626	4,552
Deferred financing costs revolving line of credit, net	4,226	4,155
Restricted cash	3,433	3,539
Secured note receivable	2,700	4,947
Right of use assets	17,254
Insurance receivable and other	11,159	50,260
Total prepaid expenses and other assets	$ 123,248	$ 138,717

Accrued Expenses and Other Li_3

Accrued Expenses and Other Liabilities (Schedule Of Accrued Expenses And Other Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Accrued Expenses and Other Liabilities [Abstract]
Earnest money deposits	$ 12,922	$ 13,990
Warranty reserve	8,633	7,970	$ 8,961	$ 8,531
Accrued compensation costs	17,259	29,770
Land development and home construction accruals	118,653	77,748
Accrued interest	16,583	15,636
Lease liabilities - operating leases	18,184
Income taxes payable	3,638
Liability for product financing arrangements and other	12,974	68,043
Total accrued expenses and other liabilities	$ 208,846	$ 213,157

Warranties (Schedule Of Changes

Warranties (Schedule Of Changes In Warranty Accrual) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Warranties [Abstract]
Beginning balance	$ 7,970	$ 8,531
Warranty expense provisions	1,661	1,434
Payments	(1,020)	(959)
Warranty adjustment	22	(45)
Ending balance	$ 8,633	$ 8,961

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	Feb. 12, 2019	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	May 04, 2018
Debt Instrument [Line Items]
Line of credit facility, outstanding amount		$ 287,000,000		$ 202,500,000
Mortgage repurchase facility		$ 90,866,000		$ 104,555,000
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	$ 640,000,000
Line of credit facility, outstanding amount		$ 287,000,000
Line of credit facility, availability		353,000,000
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%
Mortgage Repurchase Facilities - Financial Services [Member] | Comerica Bank [Member] | Financial Services [Member]
Debt Instrument [Line Items]
Incurred interest expense		600,000	$ 200,000
Mortgage Repurchase Facilities - Financial Services [Member] | Inspire [Member] | Comerica Bank [Member]
Debt Instrument [Line Items]
Mortgage repurchase facility		$ 90,900,000
Mortgage Repurchase Facilities - Financial Services [Member] | Maximum [Member] | Inspire [Member] | Comerica Bank [Member]
Debt Instrument [Line Items]
Principal amount					$ 140,000,000

Debt (Schedule Of Outstanding D

Debt (Schedule Of Outstanding Debt Obligations) (Details) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Debt [Abstract]
6.875% senior notes, due May 2022	[1]	$ 380,900	$ 380,567
5.875% senior notes, due July 2025	[1]	395,591	395,415
Insurance premium notes and other financing obligations		10,381	8,795
Senior notes payable		786,872	784,777
Revolving line of credit, due April 2022		287,000	202,500
Mortgage repurchase facility		90,866	104,555
Total debt (Carrying amount)		$ 1,164,738	$ 1,091,832
[1]	The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes.

Interest (Schedule Of Capitaliz

Interest (Schedule Of Capitalized Interest Costs) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest [Abstract]
Interest capitalized beginning of period	$ 53,842	$ 41,762
Interest capitalized during period	17,866	13,357
Less: capitalized interest in cost of sales	(12,587)	(8,959)
Interest capitalized end of period	$ 59,121	$ 46,160

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Taxes [Abstract]
Effective tax rate	26.70%
Blended federal and state statutary rate	24.90%
Percentage of decrease related to rate impacted by discrete items	1.20%
Increased to effective tax rate	1.80%
Income tax expense	$ 5,880	$ 3,088

Fair Value Disclosures (Schedul

Fair Value Disclosures (Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments) (Details) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage loans held for sale		$ 98,591	$ 114,074
Level 2 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured notes receivable	[1]	2,700	4,947
Mortgage loans held for sale	[2]	98,591	114,074
6.875% senior notes	[3]	380,900	380,567
5.875% senior notes	[3]	395,591	395,415
3.278 insurance premium notes	[4]	10,381	6,475
Other financing obligation	[4]		2,320
Mortgage repurchase facilities	[4]	90,866	104,555
Level 2 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured notes receivable	[1]	2,616	4,830
Mortgage loans held for sale	[2]	98,591	114,074
6.875% senior notes	[3]	385,308	367,618
5.875% senior notes	[3]	373,591	351,414
3.278 insurance premium notes	[4]	10,381	6,475
Other financing obligation	[4]		2,320
Mortgage repurchase facilities	[4]	90,866	104,555
Level 3 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving line of credit	[4]	287,000	202,500
Level 3 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving line of credit	[4]	$ 287,000	$ 202,500
[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
	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 3.5	$ 2.5
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	0.3
Grant date fair value	$ 22.01
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	0.5
Grant date fair value	$ 23.76
Restricted Stock Units [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period	3 years
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares outstanding	0

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary Of Outstanding Restricted Stock And Performance Stock Units) (Details) - Restricted Stock Units And Performance Share Units [Member] shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested units | shares	1,326
Unrecognized compensation cost | $	$ 24,442
Period to recognize compensation cost	2 years

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 03, 2018	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Class of Stock [Line Items]
Common stock shares authorized		100,000,000		100,000,000
Common stock, par value		$ 0.01		$ 0.01
Preferred stock shares authorized		50,000,000		50,000,000
Preferred stock, par value		$ 0.01		$ 0.01
Common stock shares issued		30,304,081		30,154,791
Common stock shares outstanding		30,304,081		30,154,791
Common stock shares issued related to vesting of RSUs		400,000
Common stock shares repurchased, value		$ 1,438
Common Stock [Member]
Class of Stock [Line Items]
Common stock shares repurchased, shares		83,000
First Amended And Restated 2013 Long-Term Incentive Plan [Member]
Class of Stock [Line Items]
Common stock shares for stock award issuance		1,800,000
2017 Incentive Plan [Member]
Class of Stock [Line Items]
Common stock shares for stock award, available for issuance		200,000
Common stock shares rolled into plan		600,000
Distribution Agreement [Member]
Class of Stock [Line Items]
Aggregate offering price	$ 100,000
Available for sale		$ 72,700
Common stock shares sold and issued		0	200,000
Net proceeds from issuances of common stock			$ 5,000
Comissions and fees paid to Sales Agents			$ 100

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Anti-dilutive shares related to PSU's granted	0.3	0

Earnings Per Share (Schedule Of

Earnings Per Share (Schedule Of Earnings Per Share, Basic And Diluted) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Numerator
Net income	$ 17,117	$ 20,019
Less: Undistributed earnings allocated to participating securities		(49)
Net income allocable to common stockholders	$ 17,117	$ 19,970
Denominator
Weighted average common shares outstanding - basic	30,203,243	29,515,531
Dilutive effect of restricted stock units	241,033	318,198
Weighted average common shares outstanding - diluted	30,444,276	29,833,729
Earnings per share:
Basic	$ 0.57	$ 0.68
Diluted	$ 0.56	$ 0.67

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Commitments and Contingencies [Abstract]
Outstanding letters of credit and performance bonds	$ 298	$ 289.8

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Lessee, Lease, Description [Line Items]
Right of use asset	$ 17,254
Lease liability	18,184
Operating lease expense	$ 1,400	$ 900
Minimum [Member]
Lessee, Lease, Description [Line Items]
Lease term	1 year
Maximum [Member]
Lessee, Lease, Description [Line Items]
Lease term	7 years

Leases (Information Of Lease Ri

Leases (Information Of Lease Right Of Use Asset And Lease Liability) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Cash paid for operating lease liabilities	$ 1,311
Right-of-use asset obtained in exchange for new operating lease obligations	$ 847
Weighted-average remaining lease term	4 years 3 months 15 days
Weighted-average discount rate	6.39%

Leases (Maturities Of Lease Lia

Leases (Maturities Of Lease Liabilities) (Details) $ in Thousands	Mar. 31, 2019USD ($)
Due in 12 month period ended March 31,
2020	$ 5,492
2021	5,023
2022	4,027
2023	2,861
2024	2,258
Thereafter	1,251
Total	20,912
Less: discount	(2,728)
Total lease liabilities	$ 18,184

Supplemental Guarantor Inform_3

Supplemental Guarantor Information (Narrative) (Details)	Mar. 31, 2019
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 Inform_4

Supplemental Guarantor Information (Supplemental Condensed Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 38,115	$ 32,902	$ 29,986
Cash held in escrow	24,664	24,344
Accounts receivable	12,436	13,464
Inventories	1,943,792	1,848,243
Mortgage loans held for sale	98,591	114,074
Prepaid expenses and other assets	123,248	138,717
Deferred tax assets, net	13,591	13,763
Property and equipment, net	33,471	33,258
Amortizable intangible assets, net	4,762	5,095
Goodwill	30,395	30,395
Total assets	2,323,065	2,254,255
Liabilities:
Accounts payable	74,075	89,907
Accrued expenses and other liabilities	208,846	213,157
Notes payable	786,872	784,777
Revolving line of credit	287,000	202,500
Mortgage repurchase facility	90,866	104,555
Total liabilities	1,447,659	1,394,896
Stockholders' equity:	875,406	859,359	757,418	$ 735,233
Total liabilities and stockholders' equity	2,323,065	2,254,255
Century [Member]
Assets
Cash and cash equivalents	643	2,183	8,965
Accounts receivable	3,627	6,117
Investment in consolidated subsidiaries	1,928,076	1,827,456
Prepaid expenses and other assets	13,807	51,177
Deferred tax assets, net	13,591	13,763
Property and equipment, net	13,966	13,274
Total assets	1,973,710	1,913,970
Liabilities:
Accounts payable	835	623
Accrued expenses and other liabilities	33,978	75,506
Notes payable	776,491	775,982
Revolving line of credit	287,000	202,500
Total liabilities	1,098,304	1,054,611
Stockholders' equity:	875,406	859,359
Total liabilities and stockholders' equity	1,973,710	1,913,970
Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	2,596	2,101	8,039
Cash held in escrow	24,664	24,344
Accounts receivable	8,754	7,424
Inventories	1,943,792	1,848,243
Prepaid expenses and other assets	101,649	85,224
Property and equipment, net	18,578	18,989
Amortizable intangible assets, net	4,762	5,095
Goodwill	30,395	30,395
Total assets	2,135,190	2,021,815
Liabilities:
Accounts payable	73,002	88,627
Accrued expenses and other liabilities	166,029	131,548
Notes payable	10,381	8,795
Total liabilities	249,412	228,970
Stockholders' equity:	1,885,778	1,792,845
Total liabilities and stockholders' equity	2,135,190	2,021,815
Non Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	34,876	28,618	$ 12,982
Accounts receivable	55	(77)
Mortgage loans held for sale	98,591	114,074
Prepaid expenses and other assets	7,792	2,316
Property and equipment, net	927	995
Total assets	142,241	145,926
Liabilities:
Accounts payable	238	657
Accrued expenses and other liabilities	8,839	6,103
Mortgage repurchase facility	90,866	104,555
Total liabilities	99,943	111,315
Stockholders' equity:	42,298	34,611
Total liabilities and stockholders' equity	142,241	145,926
Elimination Entries [Member]
Assets
Investment in consolidated subsidiaries	(1,928,076)	(1,827,456)
Total assets	(1,928,076)	(1,827,456)
Liabilities:
Stockholders' equity:	(1,928,076)	(1,827,456)
Total liabilities and stockholders' equity	$ (1,928,076)	$ (1,827,456)

Supplemental Guarantor Inform_5

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement Of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues
Total revenues	$ 533,057	$ 401,846
Selling, general and administrative	(68,936)	(56,522)
Acquisition expense		(173)
Equity in income of unconsolidated subsidiaries		3,168
Other income (expense)	76	(357)
Income before income tax expense	22,997	23,107
Income tax expense	(5,880)	(3,088)
Net income	17,117	20,019
Century [Member]
Revenues
Selling, general and administrative	(18,655)	(15,462)
Acquisition expense		(173)
Equity in earnings from consolidated subsidiaries	31,163	26,497
Equity in income of unconsolidated subsidiaries		3,168
Other income (expense)	101	(233)
Income before income tax expense	12,609	13,797
Income tax expense	4,508	6,222
Net income	17,117	20,019
Guarantor Subsidiaries [Member]
Revenues
Total revenues	524,657	396,290
Selling, general and administrative	(50,281)	(41,060)
Other income (expense)	(45)	(124)
Income before income tax expense	39,960	34,646
Income tax expense	(9,990)	(9,008)
Net income	29,970	25,638
Non Guarantor Subsidiaries [Member]
Revenues
Total revenues	8,400	5,556
Other income (expense)	20
Income before income tax expense	1,591	1,161
Income tax expense	(398)	(302)
Net income	1,193	859
Elimination Entries [Member]
Revenues
Equity in earnings from consolidated subsidiaries	(31,163)	(26,497)
Income before income tax expense	(31,163)	(26,497)
Net income	(31,163)	(26,497)
Home Sales [Member]
Revenues
Total revenues	523,302	394,831
Cost of revenues	(433,757)	(319,583)
Home Sales [Member] | Guarantor Subsidiaries [Member]
Revenues
Total revenues	523,302	394,831
Cost of revenues	(433,757)	(319,583)
Land Sales And Other [Member]
Revenues
Total revenues	1,355	1,459
Cost of revenues	(614)	(877)
Land Sales And Other [Member] | Guarantor Subsidiaries [Member]
Revenues
Total revenues	1,355	1,459
Cost of revenues	(614)	(877)
Homebuilding [Member]
Revenues
Total revenues	524,657	396,290
Cost of revenues	(434,371)	(320,460)
Homebuilding [Member] | Guarantor Subsidiaries [Member]
Revenues
Total revenues	524,657	396,290
Cost of revenues	(434,371)	(320,460)
Financial Services [Member]
Revenues
Total revenues	8,400	5,556
Cost of revenues	(6,829)	(4,395)
Financial Services [Member] | Non Guarantor Subsidiaries [Member]
Revenues
Total revenues	8,400	5,556
Cost of revenues	$ (6,829)	$ (4,395)

Supplemental Guarantor Inform_6

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement Of Cash Flows) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	$ (59,400)	$ (44,571)
Net cash provided by/(used in) investing activities	(3,284)	(2,075)
Financing activities
Borrowings under revolving credit facilities	288,800	60,000
Payments on revolving credit facilities	(204,300)	(60,000)
Net proceeds from mortgage repurchase facilities	(13,689)	(11,307)
Proceeds from insurance notes payable	9,301
Principal payments on notes payable	(7,716)
Issuance of common stock		5,021
Repurchases of common stock under our stock repurchase program	(1,439)
Repurchases of common stock upon vesting of stock based compensation	(3,166)	(4,790)
Net cash provided by (used in) financing activities	67,791	(11,076)
Net increase (decrease)	5,107	(57,722)
Cash and cash equivalents and Restricted cash, Beginning of period	36,441	93,713
Cash and cash equivalents and Restricted cash, End of period	41,548	35,991
Cash and cash equivalents	38,115	29,986	$ 32,902
Restricted Cash	3,433	6,005
Elimination Entries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) investing activities	43,384	32,997
Financing activities
Payments from (and advances to) parent/subsidiary	(43,384)	(32,997)
Net cash provided by (used in) financing activities	(43,384)	(32,997)
Century [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	(36,731)	(13,651)
Net cash provided by/(used in) investing activities	(44,704)	(33,265)
Financing activities
Borrowings under revolving credit facilities	288,800	60,000
Payments on revolving credit facilities	(204,300)	(60,000)
Issuance of common stock		5,021
Repurchases of common stock under our stock repurchase program	(1,439)
Repurchases of common stock upon vesting of stock based compensation	(3,166)	(4,790)
Payments from (and advances to) parent/subsidiary		(584)
Net cash provided by (used in) financing activities	79,895	(353)
Net increase (decrease)	(1,540)	(47,269)
Cash and cash equivalents and Restricted cash, Beginning of period	2,183	56,234
Cash and cash equivalents and Restricted cash, End of period	643	8,965
Cash and cash equivalents	643	8,965	2,183
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	(36,216)	(43,713)
Net cash provided by/(used in) investing activities	(2,031)	(1,782)
Financing activities
Proceeds from insurance notes payable	9,301
Principal payments on notes payable	(7,716)
Payments from (and advances to) parent/subsidiary	36,890	29,888
Net cash provided by (used in) financing activities	38,475	29,888
Net increase (decrease)	228	(15,607)
Cash and cash equivalents and Restricted cash, Beginning of period	4,006	28,044
Cash and cash equivalents and Restricted cash, End of period	4,234	12,437
Cash and cash equivalents	2,596	8,039	2,101
Restricted Cash	1,638	4,398
Non Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	13,547	12,793
Net cash provided by/(used in) investing activities	67	(25)
Financing activities
Net proceeds from mortgage repurchase facilities	(13,689)	(11,307)
Payments from (and advances to) parent/subsidiary	6,494	3,693
Net cash provided by (used in) financing activities	(7,195)	(7,614)
Net increase (decrease)	6,419	5,154
Cash and cash equivalents and Restricted cash, Beginning of period	30,252	9,435
Cash and cash equivalents and Restricted cash, End of period	36,671	14,589
Cash and cash equivalents	34,876	12,982	$ 28,618
Restricted Cash	$ 1,795	$ 1,607