Century Communities (CCS) 10-Q 31 Jul 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 25, 2019
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	001-36491
Entity Central Index Key	0001576940
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Registrant Name	Century Communities, Inc.
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	8390 East Crescent Parkway, Suite 650
Entity Address, City or Town	Greenwood Village
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80111
Entity Tax Identification Number	68-0521411
City Area Code	303
Local Phone Number	770-8300
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	CCS
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		30,438,505

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 31,704	$ 32,902
Cash held in escrow	25,838	24,344
Accounts receivable	15,999	13,464
Inventories	2,009,769	1,848,243
Mortgage loans held for sale	122,085	114,074
Prepaid expenses and other assets	123,343	138,717
Property and equipment, net	33,469	33,258
Deferred tax assets, net	13,335	13,763
Amortizable intangible assets, net	4,436	5,095
Goodwill	30,395	30,395
Total assets	2,410,373	2,254,255
Liabilities:
Accounts payable	97,043	89,907
Accrued expenses and other liabilities	212,750	213,157
Notes payable	890,606	784,777
Revolving line of credit	212,000	202,500
Mortgage repurchase facilities	100,745	104,555
Total liabilities	1,513,144	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, 30,438,505 and 30,154,791 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively	304	302
Additional paid-in capital	600,293	595,037
Retained earnings	296,632	264,020
Total stockholders' equity	897,229	859,359
Total liabilities and stockholders' equity	$ 2,410,373	$ 2,254,255

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 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	30,438,505	30,154,791
Common stock shares outstanding	30,438,505	30,154,791

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues
Total revenues	$ 619,950	$ 531,892	$ 1,153,007	$ 933,740
Selling, general and administrative	(75,217)	(63,634)	(144,153)	(120,156)
Loss on debt extinguishment	(10,832)		(10,832)
Acquisition expense		(165)		(338)
Equity in income of unconsolidated subsidiaries		11,681		14,849
Other income (expense)	(519)	350	(443)	(8)
Income before income tax expense	20,830	46,502	43,827	69,609
Income tax expense	(5,335)	(13,309)	(11,215)	(16,397)
Net income	$ 15,495	$ 33,193	$ 32,612	$ 53,212
Earnings per share:
Basic	$ 0.51	$ 1.11	$ 1.08	$ 1.79
Diluted	$ 0.51	$ 1.10	$ 1.07	$ 1.77
Weighted average common shares outstanding:
Basic	30,341,628	29,901,791	30,272,818	29,709,728
Diluted	30,568,848	30,170,689	30,506,945	30,003,276
Home Sales [Member]
Revenues
Total revenues	$ 608,636	$ 522,164	$ 1,131,938	$ 916,995
Cost of revenues	(503,928)	(427,197)	(937,685)	(746,780)
Land Sales And Other [Member]
Revenues
Total revenues	1,399	1,714	2,754	3,174
Cost of revenues	(877)	(1,040)	(1,491)	(1,917)
Homebuilding [Member]
Revenues
Total revenues	610,035	523,878	1,134,692	920,169
Cost of revenues	(504,805)	(428,237)	(939,176)	(748,697)
Financial Services [Member]
Revenues
Total revenues	9,915	8,014	18,315	13,571
Cost of revenues	$ (7,747)	$ (5,385)	$ (14,576)	$ (9,781)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Operating activities
Net income	$ 15,495	$ 33,193	$ 32,612	$ 53,212
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization			6,196	5,512
Stock-based compensation expense			7,468	6,323
Loss on debt extinguishment	10,832		10,832
Deferred income taxes			428	(989)
Distributions from unconsolidated subsidiaries				7,432
Equity in income of unconsolidated subsidiaries		(11,681)		(14,849)
(Gain) loss on disposition of assets			526	230
Changes in assets and liabilities:
Cash held in escrow			(1,495)	(5,897)
Accounts receivable			(2,535)	(6,199)
Inventories			(121,734)	(124,863)
Prepaid expenses and other assets			(5,041)	(2,404)
Accounts payable			7,137	22,260
Accrued expenses and other liabilities			(18,428)	(15,634)
Mortgage loans held for sale			(8,965)	(5,026)
Net cash provided by (used in) operating activities			(92,999)	(80,892)
Investing activities
Purchases of property and equipment			(6,274)	(7,534)
Business combinations, net of acquired cash				(28,036)
Other investing activities			59	322
Net cash provided by (used in) investing activities			(6,215)	(35,248)
Financing activities
Borrowings under revolving credit facilities			767,600	305,000
Payments on revolving credit facilities			(758,100)	(175,000)
Proceeds from issuance of senior notes due 2027			500,000
Extinguishment of senior notes due 2022			(391,942)
Extinguishments of debt assumed in business combination				(94,231)
Debt issuance costs			(5,728)	(3,521)
Proceeds from issuance of insurance premium notes and other			9,301
Principal payments on insurance notes payable			(17,586)
Net proceeds from mortgage repurchase facilities			(3,805)	4,679
Net proceeds from issuances of common stock			2,663	14,309
Repurchases of common stock upon vesting of stock based compensation			(3,434)	(4,788)
Repurchases of common stock under our stock repurchase program			(1,439)
Net cash provided by (used in) financing activities			97,530	46,448
Net increase (decrease)			(1,684)	(69,692)
Cash and cash equivalents and Restricted cash, Beginning of period			36,441	93,713	$ 93,713
Cash and cash equivalents and Restricted cash, End of period	34,757	24,021	34,757	24,021	36,441
Supplemental cash flow disclosure
Cash paid for income taxes			13,111	26,323
Cash and cash equivalents and Restricted cash
Cash and cash equivalents	31,704	19,482	31,704	19,482	$ 32,902
Restricted cash (Note 6)	$ 3,053	$ 4,539	$ 3,053	$ 4,539

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' 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	$ 6	14,302		14,308
Issuance of common stock, shares	776
Repurchase of common stock		(4,788)		(4,788)
Repurchase of common stock, shares	(160)
Stock-based compensation expense		6,323		6,323
Net income			53,212	53,212
Ending balance at Jun. 30, 2018	$ 301	582,627	220,778	803,706
Ending balance (in shares) at Jun. 30, 2018	30,119
Beginning balance at Mar. 31, 2018	$ 298	569,536	187,584	757,418
Beginning balance (in shares) at Mar. 31, 2018	29,790
Issuance of common stock	$ 3	9,284		9,287
Issuance of common stock, shares	320
Vesting of restricted stock units			1	1
Vesting of restricted stock units, shares	9
Stock-based compensation expense		3,807		3,807
Net income			33,193	33,193
Ending balance at Jun. 30, 2018	$ 301	582,627	220,778	803,706
Ending balance (in shares) at Jun. 30, 2018	30,119
Adoption of ASC 606			(582)	(582)
Beginning balance at Dec. 31, 2018	$ 302	595,037	264,020	859,359
Beginning balance (in shares) at Dec. 31, 2018	30,155
Issuance of common stock	$ 1	2,662		2,663
Issuance of common stock, shares	100
Repurchase of common stock	$ (1)	(1,438)		(1,439)
Repurchase of common stock, shares	(83)
Vesting of restricted stock units	$ 2	(3,436)		(3,434)
Vesting of restricted stock units, shares	267
Stock-based compensation expense		7,468		7,468
Net income			32,612	32,612
Ending balance at Jun. 30, 2019	$ 304	600,293	296,632	897,229
Ending balance (in shares) at Jun. 30, 2019	30,439
Beginning balance at Mar. 31, 2019	$ 303	593,966	281,137	875,406
Beginning balance (in shares) at Mar. 31, 2019	30,304
Issuance of common stock	$ 1	2,662		2,663
Issuance of common stock, shares	100
Vesting of restricted stock units		(268)		(268)
Vesting of restricted stock units, shares	35
Stock-based compensation expense		3,933		3,933
Net income			15,495	15,495
Ending balance at Jun. 30, 2019	$ 304	$ 600,293	$ 296,632	$ 897,229
Ending balance (in shares) at Jun. 30, 2019	30,439

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 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, Iowa, Michigan, 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 currently 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 Accounting Standards Codification (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 carry forward 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 condensed 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 Accounting Standards Update (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	6 Months Ended
	Jun. 30, 2019
Reporting Segments [Abstract]
Reporting Segments	2. Reporting Segments Our homebuilding operations are engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in 17 states. We build and sell homes under our Century Communities and Wade Jurney Homes brands. Our Century Communities brand is managed by geographic location, and each of our four geographic regions targets a wide range of buyer profiles including: first time, first and second time move up, and lifestyle homebuyers, and provides our homebuyers with the ability to personalize their homes through certain option and upgrade selections. Each of our four geographic regions is considered a separate operating segment. Our Wade Jurney Homes brand 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 eleven states and is managed separately from our four geographic regions, accordingly, it is considered a separate operating segment. The management of our four geographic regions and Wade Jurney Homes reports to our chief operating decision makers (which we refer to as “CODMs”), the Co-Chief Executive Officers of our Company. The CODMs review the results of our operations, including total revenue and income before income tax expense to determine profitability and to allocate resources. Accordingly, we have presented our homebuilding operations as the following five reportable segments:  West (California and Washington)  Mountain (Colorado, Nevada and Utah)  Texas  Southeast (Georgia, North Carolina, South Carolina and Tennessee)  Wade Jurney Homes (Alabama, Arizona, Florida, Georgia, Indiana, Iowa, Michigan, North Carolina, Ohio, South Carolina, and Texas) We have also identified our Financial Services operations, which provide mortgage, title, and insurance services to our homebuyers, as a sixth reportable segment. Our Corporate segment is 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 June 30, Six Months Ended June 30, 2019 2018 2019 2018 Revenue: West $ 135,226 $ 129,218 $ 247,346 $ 248,139 Mountain 179,410 180,523 339,076 326,016 Texas 61,522 63,545 112,008 101,573 Southeast 124,814 125,346 237,626 219,195 Wade Jurney Homes 109,063 25,246 198,636 25,246 Financial Services 9,915 8,014 18,315 13,571 Corporate — — — — Total revenue $ 619,950 $ 531,892 $ 1,153,007 $ 933,740 Income (loss) before income tax expense: West $ 9,973 $ 12,022 $ 18,621 $ 21,890 Mountain 22,526 25,319 41,834 43,242 Texas 5,587 4,972 9,336 6,780 Southeast 4,649 9,149 10,388 13,830 Wade Jurney Homes 8,318 ( 186 ) 12,291 ( 186 ) Financial Services 2,168 2,629 3,739 3,790 Corporate ( 32,391 ) ( 7,403 ) ( 52,382 ) ( 19,737 ) Total income before income tax expense $ 20,830 $ 46,502 $ 43,827 $ 69,609 The following table summarizes total assets by operating segment (in thousands): June 30, December 31, 2019 2018 West $ 570,149 $ 502,381 Mountain 644,291 621,757 Texas 225,283 209,550 Southeast 446,148 448,681 Wade Jurney 269,115 204,925 Financial Services 160,709 146,710 Corporate 94,678 120,251 Total assets $ 2,410,373 $ 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	6 Months Ended
	Jun. 30, 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 June 14, 2018 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 three months ended June 30, 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. The Company determined that WJH’s carrying costs approximated fair value for all other acquired assets and assumed liabilities. WJH’s results of operations for the three and six months ended June 30, 2019, which include homebuilding revenues of $ 109.1 million and $ 198.6 million, respectively, and income before tax of $ 8.3 million and $ 12.3 million, respectively, are included in our accompanying condensed consolidated statement of operations. From the acquisition date, WJH’s results of operations include homebuilding revenues of $ 25.2 million, and loss before tax of $ 0.2 million for the three and six months ended June 30, 2018. Pro Forma Financial Information Pro forma revenue and income before tax expense for the three and six months ended June 30, 2018 give 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 June 30, 2018 Six Months Ended June 30, 2018 Total revenues $ 604,120 $ 1,084,131 Income before tax expense $ 43,912 $ 63,184 Income tax expense ( 10,978 ) ( 15,795 ) Net income $ 32,934 $ 47,389 Less: Undistributed earnings allocated to participating securities ( 3 ) ( 59 ) Numerator for basic and diluted pro forma EPS $ 32,931 $ 47,330 Pro forma weighted average shares-basic 29,901,791 29,709,728 Pro forma weighted average shares-diluted 30,170,689 30,003,276 Pro forma basic EPS $ 1.10 $ 1.59 Pro forma diluted EPS $ 1.09 $ 1.58

Inventories

Inventories	6 Months Ended
	Jun. 30, 2019
Inventories [Abstract]
Inventories	4. Inventories Inventories included the following (in thousands): June 30, December 31, 2019 2018 Homes under construction $ 1,088,075 $ 1,073,682 Land and land development 858,626 720,719 Capitalized interest 63,068 53,842 Total inventories $ 2,009,769 $ 1,848,243

Financial Services

Financial Services	6 Months Ended
	Jun. 30, 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 $ 51.6 million and $ 26.2 million at June 30, 2019 and December 31, 2018, respectively, and carried a weighted average interest rate of approximately 4.0 %, and 4.7 %, respectively. As of June 30, 2019 and December 31, 2018, Inspire had mortgage loans held for sale with an aggregate fair value of $ 122.1 million and $ 114.1 million, respectively, and an aggregate outstanding principal balance of $ 116.4 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	6 Months Ended
	Jun. 30, 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): June 30, December 31, 2019 2018 Prepaid insurance $ 28,032 $ 20,226 Lot option and escrow deposits 50,326 51,038 Performance deposits 6,502 4,552 Deferred financing costs revolving line of credit, net 3,878 4,155 Restricted cash 3,053 3,539 Secured note receivable 2,672 4,947 Right of use assets 16,760 — Insurance receivable and other 12,120 50,260 Total prepaid expenses and other assets $ 123,343 $ 138,717

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	6 Months Ended
	Jun. 30, 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): June 30, December 31, 2019 2018 Earnest money deposits $ 13,310 $ 13,990 Warranty reserve 9,768 7,970 Accrued compensation costs 21,817 29,770 Land development and home construction accruals 124,380 77,748 Accrued interest 15,372 15,636 Lease liabilities - operating leases 17,466 — Liability for product financing arrangements and other 10,637 68,043 Total accrued expenses and other liabilities $ 212,750 $ 213,157

Warranties

Warranties	6 Months Ended
	Jun. 30, 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 $ 202 thousand during the three months ended June 30, 2019, compared to a $ 115 thousand decrease during the same period in 2018. We increased our warranty reserve by $ 224 thousand during the six months ended June 30, 2019, compared to a $ 160 thousand decrease during the same period in 2018. These adjustments are included in cost of home sales revenues on our condensed consolidated statements of operations. Changes in our warranty accrual are detailed in the table below (in thousands ): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Beginning balance $ 8,633 $ 8,961 $ 7,970 $ 8,531 Warranty reserve assumed in business combination — 397 — 397 Warranty expense provisions 2,107 1,787 3,768 3,221 Payments ( 1,174 ) ( 761 ) ( 2,194 ) ( 1,720 ) Warranty adjustment 202 ( 115 ) 224 ( 160 ) Ending balance $ 9,768 $ 10,269 $ 9,768 $ 10,269

Debt

Debt	6 Months Ended
	Jun. 30, 2019
Debt [Abstract]
Debt	9. Debt Our outstanding debt obligations included the following as of June 30, 2019 and December 31, 2018 (in thousands): June 30, December 31, 2019 2018 6.750% senior notes, due May 2027 (1) $ 494,329 $ — 5.875% senior notes, due July 2025 (1) 395,767 395,415 6.875% senior notes, due May 2022 (1) — 380,567 Insurance premium notes and other financing obligations 510 8,795 Senior notes payable 890,606 784,777 Revolving line of credit, due April 2022 212,000 202,500 Mortgage repurchase facility 100,745 104,555 Total debt $ 1,203,351 $ 1,091,832 (1) The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes. Issuance of 6.750% Senior Notes Due 2027 In May 2019, the Company completed a private offering of $ 500.0 million aggregate principal amount of the Company’s 6.750 % Senior Notes due 2027 (the “2027 Notes”) in reliance on Rule 144A and Regulation S under the Securities Act of 1933. The 2027 Notes were issued under the Indenture, dated as of May 23, 2019, among the Company, our subsidiary guarantors party thereto, and U.S. Bank National Association, as trustee (which we refer to as the “May 2019 Indenture,” as it may be supplemented or amended from time to time). The 2027 Notes were issued at 100% of their principal amount and we received net proceeds of $ 494.3 million. The 2027 Notes contain certain restrictive covenants on issuing future secured debt and other transactions. The aggregate principal balance of the 2027 Notes is due June 2027, with interest only payments due semi-annually in June and December of each year, beginning on December 1, 2019. In connection with this issuance, the Company deferred $ 5.7 million of issuance costs, which is presented in the notes payable line item of the condensed consolidated balance sheet. Extinguishment of 6.875% Senior Notes Due 2022 During the three months ended June 30, 2019, the Company extinguished $ 385.0 million in outstanding principal of our 6.875 % Senior Notes due 2022 (the “2022 Notes”). The extinguishment was the result of two separate transactions whereby a tender offer validly tendered $ 189.3 million of the 2022 Notes on March 23, 2019 and the remaining $ 195.7 million was redeemed in accordance with the Indenture agreement on June 10, 2019. The transaction resulted in a loss of $ 10.8 million, which is presented in loss on debt extinguishment in the consolidated statement of operations. Revolving Line of Credit 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 June 30, 2019, we had $ 212.0 million outstanding under the credit facility 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 an aggregate of $ 160 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 June 30, 2019, we had $ 100.7 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 June 30, 2019 and 2018, we incurred interest expense on our repurchase facilities of $ 0.9 million and $ 0.3 million, respectively, which are included in financial services costs on our condensed consolidated statements of operations . During the six months ended June 30, 2019 and 2018, we incurred interest expense on our repurchase facilities of $ 1.5 million and $ 0.5 million, respectively.

Interest

Interest	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 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 June 30, Six Months Ended June 30, 2019 2018 2019 2018 Interest capitalized beginning of period $ 59,121 $ 46,160 $ 53,842 $ 41,762 Interest capitalized during period 18,602 13,920 36,467 27,277 Less: capitalized interest in cost of sales ( 14,655 ) ( 12,284 ) ( 27,241 ) ( 21,243 ) Interest capitalized end of period $ 63,068 $ 47,796 $ 63,068 $ 47,796

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 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 27.1 % 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 2.2 %. For the six months ended June 30, 2019 our estimated annual rate of 27.1% was impacted by discrete items which had a net impact of decreasing our rate by 1.6 %, including excess tax benefits for vested stock-based compensation. For the three months ended June 30, 2019 and 2018, we recorded income tax expense of $ 5.3 million and $ 13.3 million, respectively. For the six months ended June 30, 2019 and 2018, we recorded income tax expense of $ 11.2 million and $ 16.4 million, respectively.

Fair Value Disclosures

Fair Value Disclosures	6 Months Ended
	Jun. 30, 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): June 30, 2019 December 31, 2018 Hierarchy Carrying Fair Value Carrying Fair Value Secured notes receivable (1) Level 2 $ 2,672 $ 2,603 $ 4,947 $ 4,830 Mortgage loans held for sale (2) Level 2 $ 122,085 $ 122,085 $ 114,074 $ 114,074 6.750% senior notes (3) (5) Level 2 $ 494,329 $ 505,000 $ — $ — 6.875% senior notes (3) (5) Level 2 $ — $ — $ 380,567 $ 372,488 5.875 % senior notes (3) (5) Level 2 $ 395,767 $ 400,500 $ 395,415 $ 356,000 3.278% insurance premium notes (4) Level 2 $ 510 $ 510 $ 6,475 $ 6,475 Revolving line of credit (4) Level 3 $ 212,000 $ 212,000 $ 202,500 $ 202,500 Other financing obligation (4) Level 2 $ — $ — $ 2,320 $ 2,320 Mortgage repurchase facilities (4) Level 2 $ 100,745 $ 100,745 $ 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. (5) Carrying amounts include any associated unamortized deferred financing costs, premiums and discounts. As of June 30, 2019 these amounts totaled $ 5.7 million and $ 4.2 million for the 6.750% senior notes and 5.875% senior notes, respectively. As of December 31, 2018, these amounts totaled $ 4.4 million and $ 4.6 million for the 6.875% senior notes and 5.875% senior notes, respectively. The carrying amount of cash and cash equivalents approximates fair value. Non-financial assets and liabilities are measured at fair value when acquired in a business combination. Long-lived assets determined to be impaired are measured at fair value.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2019
Stock-Based Compensation [Abstract]
Stock-Based Compensation	13. Stock-Based Compensation During the six months ended June 30, 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 200% or 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 six months ended June 30, 2019, we also granted restricted stock units (which we refer to as “RSUs”) covering 0.6 million shares of common stock with a grant date fair value of $ 23.85 per share that vest over a three year period. A summary of our outstanding RSUs and PSUs, assuming maximum level of performance, are as follows (in thousands, except years): As of June 30, 2019 Unvested units 1,257 Unrecognized compensation cost $ 20,418 Period to recognize compensation cost 1.8 years During the three months ended June 30, 2019 and 2018, we recognized stock-based compensation expense of $ 3.9 million and $ 3.8 million, respectively. During the six months ended June 30, 2019 and 2018, we recognized stock-based compensation expense of $ 7.5 million and $ 6.3 million, respectively. Stock-based compensation expense is included in selling, general, and administrative expense on our condensed consolidated statements of operations.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 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 June 30, 2019 and December 31, 2018, there were 30.4 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. On May 8, 2019, our stockholders approved an amended and restated 2017 Omnibus Incentive Plan, which increased the number of shares of our common stock authorized for issuance under the 2017 Incentive Plan by an additional 1.631 million shares. We issued 0.4 million shares of our common stock related to the vesting of RSUs during the six months ended June 30, 2019, respectively . 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 $ 69.9 million available for sale as of June 30, 2019. During the three and six months ended June 30, 2019, we sold and issued an aggregate of 0.1 million shares of our common stock under the Distribution Agreement, which provided proceeds of $ 2.7 million, and in connection with such sales, paid total commissions and fees to the Sales Agents of $ 0.1 million. During the three and six months ended June 30, 2018, we sold and issued an aggregate of 0.3 million and 0.5 million shares of our common stock under a prior Distribution Agreement, which provided proceeds of $ 9.6 million and $ 14.6 million, respectively, and, in connection with such sales, paid total commissions and fees to the Sales Agents of $ 0.2 million and $ 0.3 million respectively . 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	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	15. Earnings Per Share We use the two-class method of calculating EPS, where applicable, as our previously issued non-vested restricted stock awards had non-forfeitable rights to dividends and, accordingly, represent a participating security. The two-class method is an earnings allocation method under which EPS is calculated for each class of common stock and participating security considering both dividends declared (or accumulated) and participation rights in undistributed earnings as if all such earnings had been distributed during the period. We use the treasury stock method to calculate the dilutive effect of our RSUs and PSUs as these awards do not have participating rights. The following table sets forth the computation of basic and diluted EPS for the three and six months ended June 30, 2019 and 2018 (in thousands, except share and per share information): Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Numerator Net income $ 15,495 $ 33,193 $ 32,612 $ 53,212 Less: Undistributed earnings allocated to participating securities — ( 3 ) — ( 67 ) Net income allocable to common stockholders $ 15,495 $ 33,190 $ 32,612 $ 53,145 Denominator Weighted average common shares outstanding - basic 30,341,628 29,901,791 30,272,818 29,709,728 Dilutive effect of restricted stock units 227,220 268,898 234,127 293,548 Weighted average common shares outstanding - diluted 30,568,848 30,170,689 30,506,945 30,003,276 Earnings per share: Basic $ 0.51 $ 1.11 $ 1.08 $ 1.79 Diluted $ 0.51 $ 1.10 $ 1.07 $ 1.77 Stock-based awards are excluded from the calculation of diluted EPS in the event they are subject to unsatisfied performance conditions or are antidilutive. We excluded 0.6 million common unit equivalents from diluted earnings per share during the three and six months ended June 30, 2019 related to the PSUs granted during the periods. We excluded 0.3 million common unit equivalents from diluted earnings per share during the three and six months ended June 30, 2018 related to the PSUs granted during the periods.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 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 June 30, 2019, and December 31, 2018, we had $ 29 4.3 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 the eventual outcome of these claims will not have a material adverse effect upon our consolidated financial condition, results of operations, or cash flows. When we believe that a loss is probable and estimable, we record a charge to selling, general, and administrative expense on our condensed 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 June 30, 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	6 Months Ended
	Jun. 30, 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 commencement date of the lease based on the present value of future minimum lease payments. As the rate implicit in each lease is not readily determinable, we utilize our incremental borrowing rate in determining the present value of future minimum payments. Our incremental borrowing rate is determined based on information available at the commencement date. We account for the lease components and non-lease components as a single lease component. As of June 30, 2019, the Company had $ 16.8 million and $ 17.5 million recognized as a right of use asset and lease liability, respectively, which are presented on the consolidated balance sheet within prepaid expenses and other assets and accrued expenses and other liabilities, respectively. The Company has entered into various short-term operating leases, primarily for marketing billboards, with an initial term of twelve months or less. These leases are not recorded on the Company's condensed consolidated 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 $ 1.3 million and $ 0.9 million for the three months ended June 30, 2019 and 2018, respectively. Operating lease expense was $ 2.7 million and $ 1.7 million for the six months ended June 30, 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 June 30, 2019 Six Months Ended June 30, 2019 Cash paid for operating lease liabilities $ 1,374 $ 2,746 Right-of-use assets obtained in exchange for new operating lease obligations $ 545 $ 1,392 Weighted-average remaining lease term 4.28 years 4.34 years Weighted-average discount rate 6.42 % 6.42 % Maturities of lease liabilities as of June 30, 2019 were as follows (in thousands): Due in 12 month period ended June 30, 2020 $ 5,200 2021 5,001 2022 3,772 2023 2,931 2024 2,068 Thereafter 1,015 Total 19,987 Less: discount ( 2,521 ) Total lease liabilities $ 17,466

Supplemental Guarantor Informat

Supplemental Guarantor Information	6 Months Ended
	Jun. 30, 2019
Supplemental Guarantor Information [Abstract]
Supplemental Guarantor Information	18. Supplemental Guarantor Information Our 5.875 % senior notes due 2025 and 6.750 % senior notes due 2027 (which we collectively refer to as our “Senior Notes ”) are our unsecured senior obligations and are fully and unconditionally guaranteed on an unsecured basis, jointly and severally, by substantially all of our direct and indirect wholly-owned operating subsidiaries (which we refer to collectively as “Guarantors”). In addition, our former 6.875 % senior notes due 2022 which were extinguished during the second quarter of 2019, were our unsecured senior obligations and were fully and unconditionally guaranteed on an unsecured basis, jointly and severally, by the Guarantors. Each of the indentures governing our Senior Notes provides that the guarantees of a Guarantor will be automatically and unconditionally released and discharged: (1) upon any sale, transfer, exchange or other disposition (by merger, consolidation or otherwise) of all of the equity interests of such Guarantor after which the applicable Guarantor is no longer a “Restricted Subsidiary” (as defined in the respective indentures ), which sale, transfer, exchange or other disposition does not constitute an “Asset Sale” (as defined in the respective indentures ) or is made in compliance with applicable provisions of the applicable indenture ; (2) upon any sale, transfer, exchange or other disposition (by merger, consolidation or otherwise) of all of the assets of such Guarantor, which sale, transfer, exchange or other disposition does not constitute an Asset Sale or is made in compliance with applicable provisions of the applicable indenture ; provided, that after such sale, transfer, exchange or other disposition, such Guarantor is an “Immaterial Subsidiary” (as defined in the respective indentures ); (3) unless a default has occurred and is continuing, upon the release or discharge of such Guarantor from its guarantee of any indebtedness for borrowed money of the Company and the Guarantors so long as such Guarantor would not then otherwise be required to provide a guarantee pursuant to the applicable indenture ; provided that if such Guarantor has incurred any indebtedness in reliance on its status as a Guarantor in compliance with applicable provisions of the applicable Indenture, such Guarantor’s obligations under such indebtedness, as the case may be, so incurred are satisfied in full and discharged or are otherwise permitted to be incurred by a Restricted Subsidiary (other than a Guarantor) in compliance with applicable provisions of the applicable Indenture; (4) upon the designation of such Guarantor as an “Unrestricted Subsidiary” (as defined in the respective Indentures), in accordance with the applicable indenture ; (5) if the Company exercises its legal defeasance option or covenant defeasance option under the applicable indenture or if the obligations of the Company and the Guarantors are discharged in compliance with applicable provisions of the applicable indenture , upon such exercise or discharge; or (6) in connection with the dissolution of such Guarantor under applicable law in accordance with the applicable indenture . The indenture governing our former 6.875% senior notes due 2022 contained a similar provision. As the guarantees were made in connection with exchange offers effected in February 2015, October 2015 and April 2017 and the issuance of the 5.875% senior notes due 2025 and of the 6.750% senior notes due 2027, the Guarantors’ condensed financial information is presented as if the guarantees existed during the periods presented. If any Guarantors are released from the guarantees in future periods, the changes are reflected prospectively. We have determined that separate, full financial statements of the Guarantors would not be material to investors, and accordingly, supplemental financial information is presented below: Supplemental Condensed Consolidated Balance Sheet As of June 30, 2019 (in thousands) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Assets Cash and cash equivalents $ 5,252 — 26,902 ( 450 ) $ 31,704 Cash held in escrow — 25,838 — — 25,838 Accounts receivable 5,418 10,626 ( 45 ) — 15,999 Investment in consolidated subsidiaries 1,979,614 — — ( 1,979,614 ) — Inventories — 2,009,769 — — 2,009,769 Mortgage loans held for sale — — 122,085 — 122,085 Prepaid expenses and other assets 10,421 103,075 9,847 — 123,343 Deferred tax assets, net 13,335 — — — 13,335 Property and equipment, net 14,145 18,447 877 — 33,469 Amortizable intangible assets, net — 4,436 — — 4,436 Goodwill — 30,395 — — 30,395 Total assets $ 2,028,185 $ 2,202,586 $ 159,666 $ ( 1,980,064 ) $ 2,410,373 Liabilities and stockholders’ equity Liabilities: Accounts payable $ 694 96,107 692 ( 450 ) $ 97,043 Accrued expenses and other liabilities 28,166 174,819 9,765 — 212,750 Notes payable 890,096 510 — — 890,606 Revolving line of credit 212,000 — — — 212,000 Mortgage repurchase facilities — — 100,745 — 100,745 Total liabilities 1,130,956 271,436 111,202 ( 450 ) 1,513,144 Stockholders’ equity: 897,229 1,931,150 48,464 ( 1,979,614 ) 897,229 Total liabilities and stockholders’ equity $ 2,028,185 $ 2,202,586 $ 159,666 $ ( 1,980,064 ) $ 2,410,373 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 June 30, 2019 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Revenues Homebuilding revenues Home sales revenues $ — 608,636 — — $ 608,636 Land sales and other revenues — 1,399 — — 1,399 — 610,035 — — 610,035 Financial services revenue — — 9,915 9,915 Total revenues — 610,035 9,915 — 619,950 Homebuilding cost of revenues Cost of home sales revenues — ( 503,928 ) — — ( 503,928 ) Cost of land sales and other revenues — ( 877 ) — — ( 877 ) — ( 504,805 ) — — ( 504,805 ) Financial services costs — — ( 7,747 ) ( 7,747 ) Selling, general and administrative ( 18,813 ) ( 56,404 ) — — ( 75,217 ) Loss on debt extinguishment ( 10,832 ) ( 10,832 ) Acquisition expense — — — — — Equity in earnings from consolidated subsidiaries 38,508 — — ( 38,508 ) — Equity in income of unconsolidated subsidiaries — — — — — Other income (expense) ( 869 ) 302 48 — ( 519 ) Income before income tax expense 7,994 49,128 2,216 ( 38,508 ) 20,830 Income tax expense 7,501 ( 12,281 ) ( 555 ) — ( 5,335 ) Net income $ 15,495 $ 36,847 $ 1,661 $ ( 38,508 ) $ 15,495 Supplemental Condensed Consolidated Statement of Operations For the Three Months Ended June 30, 2018 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Revenues Homebuilding revenues Home sales revenues $ — $ 522,164 $ — $ — $ 522,164 Land sales and other revenues — 1,714 — — 1,714 — 523,878 — — 523,878 Financial services revenue — — 8,014 — 8,014 Total revenues — 523,878 8,014 — 531,892 Homebuilding cost of revenues Cost of home sales revenues — ( 427,197 ) — — ( 427,197 ) Cost of land sales and other revenues — ( 1,040 ) — — ( 1,040 ) — ( 428,237 ) — — ( 428,237 ) Financial services costs — — ( 5,385 ) — ( 5,385 ) Selling, general and administrative ( 18,154 ) ( 45,480 ) — — ( 63,634 ) Acquisition expense ( 165 ) — — — ( 165 ) Equity in earnings from consolidated subsidiaries 34,555 — — ( 34,555 ) — Equity in income of unconsolidated subsidiaries 11,681 — — — 11,681 Other income (expense) ( 22 ) 372 — — 350 Income before income tax expense 27,895 50,533 2,629 ( 34,555 ) 46,502 Income tax expense 5,298 ( 17,687 ) ( 920 ) — ( 13,309 ) Net income $ 33,193 $ 32,846 $ 1,709 $ ( 34,555 ) $ 33,193 Supplemental Condensed Consolidated Statement of Operations For the Six Months Ended June 30, 2019 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Revenues Homebuilding revenues Home sales revenues $ — 1,131,938 — — $ 1,131,938 Land sales and other revenues — 2,754 — — 2,754 — 1,134,692 — — 1,134,692 Financial services revenue — — 18,315 18,315 Total revenues — 1,134,692 18,315 — 1,153,007 Homebuilding cost of revenues Cost of homes sales revenues — ( 937,685 ) — — ( 937,685 ) Cost of land sales and other revenues — ( 1,491 ) — — ( 1,491 ) — ( 939,176 ) — — ( 939,176 ) Financial services costs — — ( 14,576 ) — ( 14,576 ) Selling, general and administrative ( 37,467 ) ( 106,686 ) — — ( 144,153 ) Loss on debt extinguishment ( 10,832 ) — — — ( 10,832 ) Acquisition expense — — — — — Equity in earnings from consolidated subsidiaries 69,671 — — ( 69,671 ) — Equity in income from unconsolidated subsidiaries — — — — — Other income (expense) ( 768 ) 257 68 — ( 443 ) Income before income tax expense 20,604 89,087 3,807 ( 69,671 ) 43,827 Income tax expense 12,008 ( 22,271 ) ( 952 ) — ( 11,215 ) Net income $ 32,612 $ 66,816 $ 2,855 $ ( 69,671 ) $ 32,612 Supplemental Condensed Consolidated Statement of Operations For the Six Months Ended June 30, 2018 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Revenues Homebuilding revenues Home sales revenues $ — 916,995 — — $ 916,995 Land sales and other revenues — 3,174 — — 3,174 — 920,169 — — 920,169 Financial services revenue — — 13,571 — 13,571 Total revenues — 920,169 13,571 — 933,740 Homebuilding cost of revenues Cost of homes sales revenues — ( 746,780 ) — — ( 746,780 ) Cost of land sales and other revenues — ( 1,917 ) — — ( 1,917 ) — ( 748,697 ) — — ( 748,697 ) Financial services costs — — ( 9,781 ) — ( 9,781 ) Selling, general and administrative ( 33,616 ) ( 86,540 ) — — ( 120,156 ) Acquisition expense ( 338 ) — — — ( 338 ) Equity in earnings from consolidated subsidiaries 65,837 — — ( 65,837 ) — Equity in income from unconsolidated subsidiaries 14,849 — — — 14,849 Other income (expense) ( 255 ) 247 — — ( 8 ) Income before income tax expense 46,477 85,179 3,790 ( 65,837 ) 69,609 Income tax expense 6,735 ( 22,146 ) ( 986 ) — ( 16,397 ) Net income $ 53,212 $ 63,033 $ 2,804 $ ( 65,837 ) $ 53,212 Supplemental Condensed Consolidated Statement of Cash Flows For the Six Months Ended June 30, 2019 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Net cash provided by/(used in) operating activities $ ( 60,874 ) ( 23,182 ) ( 8,493 ) ( 450 ) $ ( 92,999 ) Net cash provided by/(used in) investing activities $ ( 45,677 ) ( 4,115 ) 118 43,459 $ ( 6,215 ) Financing activities Borrowings under revolving credit facilities $ 767,600 — — — $ 767,600 Payments on revolving credit facilities ( 758,100 ) — — — ( 758,100 ) Proceeds from the issuance of senior notes due 2027 500,000 — — — 500,000 Extinguishment of senior notes due 2022 ( 391,942 ) — — — ( 391,942 ) Debt issuance costs ( 5,728 ) — — — ( 5,728 ) Proceeds from the issuance of insurance premium notes and other — 9,301 — — 9,301 Principal payments on insurance notes payable — ( 17,586 ) — — ( 17,586 ) Net proceeds from mortgage repurchase facilities — — ( 3,805 ) — ( 3,805 ) Net proceeds from issuances of common stock 2,663 — — — 2,663 Repurchases of common stock upon vesting of stock based compensation ( 3,434 ) — — — ( 3,434 ) Repurchases of common stock under our stock repurchase program ( 1,439 ) — — — ( 1,439 ) Payments from (and advances to) parent/subsidiary — 32,462 10,997 ( 43,459 ) — Net cash provided by (used in) financing activities $ 109,620 $ 24,177 $ 7,192 $ ( 43,459 ) $ 97,530 Net increase (decrease) $ 3,069 $ ( 3,120 ) $ ( 1,183 ) $ ( 450 ) $ ( 1,684 ) Cash and cash equivalents and Restricted cash Beginning of period $ 2,183 4,006 30,252 — $ 36,441 End of period $ 5,252 $ 886 $ 29,069 $ ( 450 ) $ 34,757 Cash and cash equivalents $ 5,252 — 26,902 ( 450 ) $ 31,704 Restricted Cash — 886 2,167 — 3,053 Cash and cash equivalents and Restricted cash $ 5,252 $ 886 $ 29,069 $ (450) $ 34,757 Supplemental Condensed Consolidated Statement of Cash Flows For the Six Months Ended June 30, 2018 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Net cash provided by/(used in) operating activities $ ( 28,930 ) ( 43,880 ) ( 963 ) ( 7,119 ) $ ( 80,892 ) Net cash provided by/(used in) investing activities $ ( 68,490 ) ( 163,120 ) ( 152 ) 196,514 $ ( 35,248 ) Financing activities Borrowings under revolving credit facilities $ 305,000 — — — $ 305,000 Payments on revolving credit facilities ( 175,000 ) — — — ( 175,000 ) Extinguishments of debt assumed in business combination ( 94,231 ) — — — ( 94,231 ) Debt issuance costs ( 3,521 ) — — — ( 3,521 ) Repurchases of common stock upon vesting of stock based compensation ( 4,788 ) — — — ( 4,788 ) Payments from (and advances to) parent/subsidiary ( 583 ) 189,959 7,138 ( 196,514 ) — Net proceeds from mortgage repurchase facilities — — 4,679 — 4,679 Net proceeds from issuances of common stock 14,309 — — — 14,309 Net cash provided by (used in) financing activities $ 41,186 $ 189,959 $ 11,817 $ ( 196,514 ) $ 46,448 Net increase (decrease) $ ( 56,234 ) $ ( 17,041 ) $ 10,702 $ ( 7,119 ) $ ( 69,692 ) Cash and cash equivalents and Restricted cash Beginning of period $ 56,234 28,044 9,435 — $ 93,713 End of period $ — $ 11,003 $ 20,137 $ ( 7,119 ) $ 24,021 Cash and cash equivalents $ — 8,343 18,258 ( 7,119 ) $ 19,482 Restricted Cash — 2,660 1,879 — 4,539 Cash and cash equivalents and Restricted cash $ — $ 11,003 $ 20,137 $ (7,119) $ 24,021

Basis of Presentation (Policy)

Basis of Presentation (Policy)	6 Months Ended
	Jun. 30, 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, Iowa, Michigan, 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 currently 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 Accounting Standards Codification (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 carry forward 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 condensed 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 Accounting Standards Update (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)	6 Months Ended
	Jun. 30, 2019
Reporting Segments [Abstract]
Schedule Of Total Revenue And Pretax Income By Segment	Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Revenue: West $ 135,226 $ 129,218 $ 247,346 $ 248,139 Mountain 179,410 180,523 339,076 326,016 Texas 61,522 63,545 112,008 101,573 Southeast 124,814 125,346 237,626 219,195 Wade Jurney Homes 109,063 25,246 198,636 25,246 Financial Services 9,915 8,014 18,315 13,571 Corporate — — — — Total revenue $ 619,950 $ 531,892 $ 1,153,007 $ 933,740 Income (loss) before income tax expense: West $ 9,973 $ 12,022 $ 18,621 $ 21,890 Mountain 22,526 25,319 41,834 43,242 Texas 5,587 4,972 9,336 6,780 Southeast 4,649 9,149 10,388 13,830 Wade Jurney Homes 8,318 ( 186 ) 12,291 ( 186 ) Financial Services 2,168 2,629 3,739 3,790 Corporate ( 32,391 ) ( 7,403 ) ( 52,382 ) ( 19,737 ) Total income before income tax expense $ 20,830 $ 46,502 $ 43,827 $ 69,609
Schedule Of Total Assets By Segment	June 30, December 31, 2019 2018 West $ 570,149 $ 502,381 Mountain 644,291 621,757 Texas 225,283 209,550 Southeast 446,148 448,681 Wade Jurney 269,115 204,925 Financial Services 160,709 146,710 Corporate 94,678 120,251 Total assets $ 2,410,373 $ 2,254,255

Business Combinations (Tables)

Business Combinations (Tables) - Wade Jurney Homes [Member]	6 Months Ended
	Jun. 30, 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 June 30, 2018 Six Months Ended June 30, 2018 Total revenues $ 604,120 $ 1,084,131 Income before tax expense $ 43,912 $ 63,184 Income tax expense ( 10,978 ) ( 15,795 ) Net income $ 32,934 $ 47,389 Less: Undistributed earnings allocated to participating securities ( 3 ) ( 59 ) Numerator for basic and diluted pro forma EPS $ 32,931 $ 47,330 Pro forma weighted average shares-basic 29,901,791 29,709,728 Pro forma weighted average shares-diluted 30,170,689 30,003,276 Pro forma basic EPS $ 1.10 $ 1.59 Pro forma diluted EPS $ 1.09 $ 1.58

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2019
Inventories [Abstract]
Schedule Of Inventories	June 30, December 31, 2019 2018 Homes under construction $ 1,088,075 $ 1,073,682 Land and land development 858,626 720,719 Capitalized interest 63,068 53,842 Total inventories $ 2,009,769 $ 1,848,243

Prepaid Expenses and Other As_2

Prepaid Expenses and Other Assets (Tables)	6 Months Ended
	Jun. 30, 2019
Prepaid Expenses and Other Assets [Abstract]
Schedule Of Prepaid Expenses And Other Assets	June 30, December 31, 2019 2018 Prepaid insurance $ 28,032 $ 20,226 Lot option and escrow deposits 50,326 51,038 Performance deposits 6,502 4,552 Deferred financing costs revolving line of credit, net 3,878 4,155 Restricted cash 3,053 3,539 Secured note receivable 2,672 4,947 Right of use assets 16,760 — Insurance receivable and other 12,120 50,260 Total prepaid expenses and other assets $ 123,343 $ 138,717

Accrued Expenses and Other Li_2

Accrued Expenses and Other Liabilities (Tables)	6 Months Ended
	Jun. 30, 2019
Accrued Expenses and Other Liabilities [Abstract]
Schedule Of Accrued Expenses And Other Liabilities	June 30, December 31, 2019 2018 Earnest money deposits $ 13,310 $ 13,990 Warranty reserve 9,768 7,970 Accrued compensation costs 21,817 29,770 Land development and home construction accruals 124,380 77,748 Accrued interest 15,372 15,636 Lease liabilities - operating leases 17,466 — Liability for product financing arrangements and other 10,637 68,043 Total accrued expenses and other liabilities $ 212,750 $ 213,157

Warranties (Tables)

Warranties (Tables)	6 Months Ended
	Jun. 30, 2019
Warranties [Abstract]
Schedule Of Changes In Warranty Accrual	Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Beginning balance $ 8,633 $ 8,961 $ 7,970 $ 8,531 Warranty reserve assumed in business combination — 397 — 397 Warranty expense provisions 2,107 1,787 3,768 3,221 Payments ( 1,174 ) ( 761 ) ( 2,194 ) ( 1,720 ) Warranty adjustment 202 ( 115 ) 224 ( 160 ) Ending balance $ 9,768 $ 10,269 $ 9,768 $ 10,269

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2019
Debt [Abstract]
Schedule Of Outstanding Debt Obligations	June 30, December 31, 2019 2018 6.750% senior notes, due May 2027 (1) $ 494,329 $ — 5.875% senior notes, due July 2025 (1) 395,767 395,415 6.875% senior notes, due May 2022 (1) — 380,567 Insurance premium notes and other financing obligations 510 8,795 Senior notes payable 890,606 784,777 Revolving line of credit, due April 2022 212,000 202,500 Mortgage repurchase facility 100,745 104,555 Total debt $ 1,203,351 $ 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)	6 Months Ended
	Jun. 30, 2019
Interest [Abstract]
Schedule Of Capitalized Interest Costs	Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Interest capitalized beginning of period $ 59,121 $ 46,160 $ 53,842 $ 41,762 Interest capitalized during period 18,602 13,920 36,467 27,277 Less: capitalized interest in cost of sales ( 14,655 ) ( 12,284 ) ( 27,241 ) ( 21,243 ) Interest capitalized end of period $ 63,068 $ 47,796 $ 63,068 $ 47,796

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments	June 30, 2019 December 31, 2018 Hierarchy Carrying Fair Value Carrying Fair Value Secured notes receivable (1) Level 2 $ 2,672 $ 2,603 $ 4,947 $ 4,830 Mortgage loans held for sale (2) Level 2 $ 122,085 $ 122,085 $ 114,074 $ 114,074 6.750% senior notes (3) (5) Level 2 $ 494,329 $ 505,000 $ — $ — 6.875% senior notes (3) (5) Level 2 $ — $ — $ 380,567 $ 372,488 5.875 % senior notes (3) (5) Level 2 $ 395,767 $ 400,500 $ 395,415 $ 356,000 3.278% insurance premium notes (4) Level 2 $ 510 $ 510 $ 6,475 $ 6,475 Revolving line of credit (4) Level 3 $ 212,000 $ 212,000 $ 202,500 $ 202,500 Other financing obligation (4) Level 2 $ — $ — $ 2,320 $ 2,320 Mortgage repurchase facilities (4) Level 2 $ 100,745 $ 100,745 $ 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. (5) Carrying amounts include any associated unamortized deferred financing costs, premiums and discounts. As of June 30, 2019 these amounts totaled $ 5.7 million and $ 4.2 million for the 6.750% senior notes and 5.875% senior notes, respectively. As of December 31, 2018, these amounts totaled $ 4.4 million and $ 4.6 million for the 6.875% senior notes and 5.875% senior notes, respectively.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2019
Stock-Based Compensation [Abstract]
Summary Of Outstanding Restricted Stock And Performance Stock Units	As of June 30, 2019 Unvested units 1,257 Unrecognized compensation cost $ 20,418 Period to recognize compensation cost 1.8 years

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share, Basic And Diluted	Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Numerator Net income $ 15,495 $ 33,193 $ 32,612 $ 53,212 Less: Undistributed earnings allocated to participating securities — ( 3 ) — ( 67 ) Net income allocable to common stockholders $ 15,495 $ 33,190 $ 32,612 $ 53,145 Denominator Weighted average common shares outstanding - basic 30,341,628 29,901,791 30,272,818 29,709,728 Dilutive effect of restricted stock units 227,220 268,898 234,127 293,548 Weighted average common shares outstanding - diluted 30,568,848 30,170,689 30,506,945 30,003,276 Earnings per share: Basic $ 0.51 $ 1.11 $ 1.08 $ 1.79 Diluted $ 0.51 $ 1.10 $ 1.07 $ 1.77

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Information Of Lease Right Of Use Asset And Lease Liability	Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Cash paid for operating lease liabilities $ 1,374 $ 2,746 Right-of-use assets obtained in exchange for new operating lease obligations $ 545 $ 1,392 Weighted-average remaining lease term 4.28 years 4.34 years Weighted-average discount rate 6.42 % 6.42 %
Maturities Of Lease Liabilities	Due in 12 month period ended June 30, 2020 $ 5,200 2021 5,001 2022 3,772 2023 2,931 2024 2,068 Thereafter 1,015 Total 19,987 Less: discount ( 2,521 ) Total lease liabilities $ 17,466

Supplemental Guarantor Inform_2

Supplemental Guarantor Information (Tables)	6 Months Ended
	Jun. 30, 2019
Supplemental Guarantor Information [Abstract]
Supplemental Condensed Consolidated Balance Sheet	Supplemental Condensed Consolidated Balance Sheet As of June 30, 2019 (in thousands) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Assets Cash and cash equivalents $ 5,252 — 26,902 ( 450 ) $ 31,704 Cash held in escrow — 25,838 — — 25,838 Accounts receivable 5,418 10,626 ( 45 ) — 15,999 Investment in consolidated subsidiaries 1,979,614 — — ( 1,979,614 ) — Inventories — 2,009,769 — — 2,009,769 Mortgage loans held for sale — — 122,085 — 122,085 Prepaid expenses and other assets 10,421 103,075 9,847 — 123,343 Deferred tax assets, net 13,335 — — — 13,335 Property and equipment, net 14,145 18,447 877 — 33,469 Amortizable intangible assets, net — 4,436 — — 4,436 Goodwill — 30,395 — — 30,395 Total assets $ 2,028,185 $ 2,202,586 $ 159,666 $ ( 1,980,064 ) $ 2,410,373 Liabilities and stockholders’ equity Liabilities: Accounts payable $ 694 96,107 692 ( 450 ) $ 97,043 Accrued expenses and other liabilities 28,166 174,819 9,765 — 212,750 Notes payable 890,096 510 — — 890,606 Revolving line of credit 212,000 — — — 212,000 Mortgage repurchase facilities — — 100,745 — 100,745 Total liabilities 1,130,956 271,436 111,202 ( 450 ) 1,513,144 Stockholders’ equity: 897,229 1,931,150 48,464 ( 1,979,614 ) 897,229 Total liabilities and stockholders’ equity $ 2,028,185 $ 2,202,586 $ 159,666 $ ( 1,980,064 ) $ 2,410,373 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 June 30, 2019 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Revenues Homebuilding revenues Home sales revenues $ — 608,636 — — $ 608,636 Land sales and other revenues — 1,399 — — 1,399 — 610,035 — — 610,035 Financial services revenue — — 9,915 9,915 Total revenues — 610,035 9,915 — 619,950 Homebuilding cost of revenues Cost of home sales revenues — ( 503,928 ) — — ( 503,928 ) Cost of land sales and other revenues — ( 877 ) — — ( 877 ) — ( 504,805 ) — — ( 504,805 ) Financial services costs — — ( 7,747 ) ( 7,747 ) Selling, general and administrative ( 18,813 ) ( 56,404 ) — — ( 75,217 ) Loss on debt extinguishment ( 10,832 ) ( 10,832 ) Acquisition expense — — — — — Equity in earnings from consolidated subsidiaries 38,508 — — ( 38,508 ) — Equity in income of unconsolidated subsidiaries — — — — — Other income (expense) ( 869 ) 302 48 — ( 519 ) Income before income tax expense 7,994 49,128 2,216 ( 38,508 ) 20,830 Income tax expense 7,501 ( 12,281 ) ( 555 ) — ( 5,335 ) Net income $ 15,495 $ 36,847 $ 1,661 $ ( 38,508 ) $ 15,495 Supplemental Condensed Consolidated Statement of Operations For the Three Months Ended June 30, 2018 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Revenues Homebuilding revenues Home sales revenues $ — $ 522,164 $ — $ — $ 522,164 Land sales and other revenues — 1,714 — — 1,714 — 523,878 — — 523,878 Financial services revenue — — 8,014 — 8,014 Total revenues — 523,878 8,014 — 531,892 Homebuilding cost of revenues Cost of home sales revenues — ( 427,197 ) — — ( 427,197 ) Cost of land sales and other revenues — ( 1,040 ) — — ( 1,040 ) — ( 428,237 ) — — ( 428,237 ) Financial services costs — — ( 5,385 ) — ( 5,385 ) Selling, general and administrative ( 18,154 ) ( 45,480 ) — — ( 63,634 ) Acquisition expense ( 165 ) — — — ( 165 ) Equity in earnings from consolidated subsidiaries 34,555 — — ( 34,555 ) — Equity in income of unconsolidated subsidiaries 11,681 — — — 11,681 Other income (expense) ( 22 ) 372 — — 350 Income before income tax expense 27,895 50,533 2,629 ( 34,555 ) 46,502 Income tax expense 5,298 ( 17,687 ) ( 920 ) — ( 13,309 ) Net income $ 33,193 $ 32,846 $ 1,709 $ ( 34,555 ) $ 33,193 Supplemental Condensed Consolidated Statement of Operations For the Six Months Ended June 30, 2019 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Revenues Homebuilding revenues Home sales revenues $ — 1,131,938 — — $ 1,131,938 Land sales and other revenues — 2,754 — — 2,754 — 1,134,692 — — 1,134,692 Financial services revenue — — 18,315 18,315 Total revenues — 1,134,692 18,315 — 1,153,007 Homebuilding cost of revenues Cost of homes sales revenues — ( 937,685 ) — — ( 937,685 ) Cost of land sales and other revenues — ( 1,491 ) — — ( 1,491 ) — ( 939,176 ) — — ( 939,176 ) Financial services costs — — ( 14,576 ) — ( 14,576 ) Selling, general and administrative ( 37,467 ) ( 106,686 ) — — ( 144,153 ) Loss on debt extinguishment ( 10,832 ) — — — ( 10,832 ) Acquisition expense — — — — — Equity in earnings from consolidated subsidiaries 69,671 — — ( 69,671 ) — Equity in income from unconsolidated subsidiaries — — — — — Other income (expense) ( 768 ) 257 68 — ( 443 ) Income before income tax expense 20,604 89,087 3,807 ( 69,671 ) 43,827 Income tax expense 12,008 ( 22,271 ) ( 952 ) — ( 11,215 ) Net income $ 32,612 $ 66,816 $ 2,855 $ ( 69,671 ) $ 32,612 Supplemental Condensed Consolidated Statement of Operations For the Six Months Ended June 30, 2018 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Revenues Homebuilding revenues Home sales revenues $ — 916,995 — — $ 916,995 Land sales and other revenues — 3,174 — — 3,174 — 920,169 — — 920,169 Financial services revenue — — 13,571 — 13,571 Total revenues — 920,169 13,571 — 933,740 Homebuilding cost of revenues Cost of homes sales revenues — ( 746,780 ) — — ( 746,780 ) Cost of land sales and other revenues — ( 1,917 ) — — ( 1,917 ) — ( 748,697 ) — — ( 748,697 ) Financial services costs — — ( 9,781 ) — ( 9,781 ) Selling, general and administrative ( 33,616 ) ( 86,540 ) — — ( 120,156 ) Acquisition expense ( 338 ) — — — ( 338 ) Equity in earnings from consolidated subsidiaries 65,837 — — ( 65,837 ) — Equity in income from unconsolidated subsidiaries 14,849 — — — 14,849 Other income (expense) ( 255 ) 247 — — ( 8 ) Income before income tax expense 46,477 85,179 3,790 ( 65,837 ) 69,609 Income tax expense 6,735 ( 22,146 ) ( 986 ) — ( 16,397 ) Net income $ 53,212 $ 63,033 $ 2,804 $ ( 65,837 ) $ 53,212
Supplemental Condensed Consolidated Statement Of Cash Flows	Supplemental Condensed Consolidated Statement of Cash Flows For the Six Months Ended June 30, 2019 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Net cash provided by/(used in) operating activities $ ( 60,874 ) ( 23,182 ) ( 8,493 ) ( 450 ) $ ( 92,999 ) Net cash provided by/(used in) investing activities $ ( 45,677 ) ( 4,115 ) 118 43,459 $ ( 6,215 ) Financing activities Borrowings under revolving credit facilities $ 767,600 — — — $ 767,600 Payments on revolving credit facilities ( 758,100 ) — — — ( 758,100 ) Proceeds from the issuance of senior notes due 2027 500,000 — — — 500,000 Extinguishment of senior notes due 2022 ( 391,942 ) — — — ( 391,942 ) Debt issuance costs ( 5,728 ) — — — ( 5,728 ) Proceeds from the issuance of insurance premium notes and other — 9,301 — — 9,301 Principal payments on insurance notes payable — ( 17,586 ) — — ( 17,586 ) Net proceeds from mortgage repurchase facilities — — ( 3,805 ) — ( 3,805 ) Net proceeds from issuances of common stock 2,663 — — — 2,663 Repurchases of common stock upon vesting of stock based compensation ( 3,434 ) — — — ( 3,434 ) Repurchases of common stock under our stock repurchase program ( 1,439 ) — — — ( 1,439 ) Payments from (and advances to) parent/subsidiary — 32,462 10,997 ( 43,459 ) — Net cash provided by (used in) financing activities $ 109,620 $ 24,177 $ 7,192 $ ( 43,459 ) $ 97,530 Net increase (decrease) $ 3,069 $ ( 3,120 ) $ ( 1,183 ) $ ( 450 ) $ ( 1,684 ) Cash and cash equivalents and Restricted cash Beginning of period $ 2,183 4,006 30,252 — $ 36,441 End of period $ 5,252 $ 886 $ 29,069 $ ( 450 ) $ 34,757 Cash and cash equivalents $ 5,252 — 26,902 ( 450 ) $ 31,704 Restricted Cash — 886 2,167 — 3,053 Cash and cash equivalents and Restricted cash $ 5,252 $ 886 $ 29,069 $ (450) $ 34,757 Supplemental Condensed Consolidated Statement of Cash Flows For the Six Months Ended June 30, 2018 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Net cash provided by/(used in) operating activities $ ( 28,930 ) ( 43,880 ) ( 963 ) ( 7,119 ) $ ( 80,892 ) Net cash provided by/(used in) investing activities $ ( 68,490 ) ( 163,120 ) ( 152 ) 196,514 $ ( 35,248 ) Financing activities Borrowings under revolving credit facilities $ 305,000 — — — $ 305,000 Payments on revolving credit facilities ( 175,000 ) — — — ( 175,000 ) Extinguishments of debt assumed in business combination ( 94,231 ) — — — ( 94,231 ) Debt issuance costs ( 3,521 ) — — — ( 3,521 ) Repurchases of common stock upon vesting of stock based compensation ( 4,788 ) — — — ( 4,788 ) Payments from (and advances to) parent/subsidiary ( 583 ) 189,959 7,138 ( 196,514 ) — Net proceeds from mortgage repurchase facilities — — 4,679 — 4,679 Net proceeds from issuances of common stock 14,309 — — — 14,309 Net cash provided by (used in) financing activities $ 41,186 $ 189,959 $ 11,817 $ ( 196,514 ) $ 46,448 Net increase (decrease) $ ( 56,234 ) $ ( 17,041 ) $ 10,702 $ ( 7,119 ) $ ( 69,692 ) Cash and cash equivalents and Restricted cash Beginning of period $ 56,234 28,044 9,435 — $ 93,713 End of period $ — $ 11,003 $ 20,137 $ ( 7,119 ) $ 24,021 Cash and cash equivalents $ — 8,343 18,258 ( 7,119 ) $ 19,482 Restricted Cash — 2,660 1,879 — 4,539 Cash and cash equivalents and Restricted cash $ — $ 11,003 $ 20,137 $ (7,119) $ 24,021

Basis of Presentation (Narrativ

Basis of Presentation (Narrative) (Details) $ in Thousands	Jun. 14, 2018USD ($)	Jun. 30, 2019USD ($)segment	Jun. 30, 2018USD ($)	Jan. 01, 2019USD ($)	Nov. 30, 2016
Summary of Significant Accounting Policies [Line Items]
Number of operating segments | segment		5
Business combination net of acquired cash			$ 28,036
Right of use asset		$ 16,760
Lease liabilities - operating leases		$ 17,466
ASC 842 [Member]
Summary of Significant Accounting Policies [Line Items]
Right of use asset				$ 17,700
Lease liabilities - operating leases				$ 18,700
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)	6 Months Ended
	Jun. 30, 2019stateregionsegment
Segment Reporting Information [Line Items]
Number of operating states	17
Number of operating regions | region	4
Number of reportable segments | segment	5
Wade Jurney Homes [Member]
Segment Reporting Information [Line Items]
Number of operating states	11

Reporting Segments (Schedule Of

Reporting Segments (Schedule Of Total Revenue And Pretax Income By Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Total revenue	$ 619,950	$ 531,892	$ 1,153,007	$ 933,740
Total income (loss) before income tax expense	20,830	46,502	43,827	69,609
West [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	135,226	129,218	247,346	248,139
Total income (loss) before income tax expense	9,973	12,022	18,621	21,890
Mountain [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	179,410	180,523	339,076	326,016
Total income (loss) before income tax expense	22,526	25,319	41,834	43,242
Texas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	61,522	63,545	112,008	101,573
Total income (loss) before income tax expense	5,587	4,972	9,336	6,780
Southeast [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	124,814	125,346	237,626	219,195
Total income (loss) before income tax expense	4,649	9,149	10,388	13,830
Wade Jurney Homes [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	109,063	25,246	198,636	25,246
Total income (loss) before income tax expense	8,318	(186)	12,291	(186)
Financial Services [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	9,915	8,014	18,315	13,571
Total income (loss) before income tax expense	2,168	2,629	3,739	3,790
Corporate [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total income (loss) before income tax expense	$ (32,391)	$ (7,403)	$ (52,382)	$ (19,737)

Reporting Segments (Schedule _2

Reporting Segments (Schedule Of Total Assets By Segment) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total assets	$ 2,410,373	$ 2,254,255
West [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	570,149	502,381
Mountain [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	644,291	621,757
Texas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	225,283	209,550
Southeast [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	446,148	448,681
Wade Jurney Homes [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	269,115	204,925
Financial Services [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	160,709	146,710
Corporate [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	$ 94,678	$ 120,251

Business Combinations (Narrativ

Business Combinations (Narrative) (Details) - USD ($) $ in Thousands	Jun. 14, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Nov. 30, 2016
Business Combinations [Line Items]
Acquisition expense			$ 165		$ 338
Revenues		$ 619,950	531,892	$ 1,153,007	933,740
Equity in income of unconsolidated subsidiaries			11,681		14,849
Income (loss) before tax		20,830	46,502	43,827	69,609
Homebuilding [Member]
Business Combinations [Line Items]
Revenues		610,035	523,878	1,134,692	920,169
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
Wade Jurney Homes [Member] | Homebuilding [Member]
Business Combinations [Line Items]
Revenues		109,100	25,200	198,600	25,200
Income (loss) before tax		$ (8,300)	$ (200)	$ 12,300	$ (200)
Wade Jurney Homes [Member]
Business Combinations [Line Items]
Ownership subsidiary		100.00%		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	Jun. 30, 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] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018
Business Acquisition [Line Items]
Total revenues	$ 604,120	$ 1,084,131
Income before tax expense	43,912	63,184
Income tax expense	(10,978)	(15,795)
Net income	32,934	47,389
Less: Undistributed earnings allocated to participating securities	(3)	(59)
Numerator for basic and diluted pro forma EPS	$ 32,931	$ 47,330
Pro forma weighted average shares-basic	29,901,791	29,709,728
Pro forma weighted average shares-diluted	30,170,689	30,003,276
Pro forma basic EPS	$ 1.10	$ 1.59
Pro forma diluted EPS	$ 1.09	$ 1.58

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Inventories [Abstract]
Homes under construction	$ 1,088,075		$ 1,073,682
Land and land development	858,626		720,719
Capitalized interest	63,068	$ 59,121	53,842	$ 47,796	$ 46,160	$ 41,762
Total inventories	$ 2,009,769		$ 1,848,243

Financial Services (Narrative)

Financial Services (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Financial Services [Line Items]
Mortgage loans in process	$ 51,600	$ 26,200
Mortgage loans held for sale	$ 122,085	$ 114,074
Weighted Average [Member]
Financial Services [Line Items]
Interest rate	4.00%	4.70%
Inspire [Member]
Financial Services [Line Items]
Mortgage loans held for sale	$ 122,100	$ 114,100
Mortgage loans held for sale aggregate outstanding principal balance	$ 116,400	$ 108,000

Prepaid Expenses and Other As_3

Prepaid Expenses and Other Assets (Schedule Of Prepaid Expenses And Other Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Prepaid Expenses and Other Assets [Abstract]
Prepaid insurance	$ 28,032	$ 20,226
Lot option and escrow deposits	50,326	51,038
Performance deposits	6,502	4,552
Deferred financing costs revolving line of credit, net	3,878	4,155
Restricted cash	3,053	3,539
Secured note receivable	2,672	4,947
Right of use assets	16,760
Insurance receivable and other	12,120	50,260
Total prepaid expenses and other assets	$ 123,343	$ 138,717

Accrued Expenses and Other Li_3

Accrued Expenses and Other Liabilities (Schedule Of Accrued Expenses And Other Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Accrued Expenses and Other Liabilities [Abstract]
Earnest money deposits	$ 13,310		$ 13,990
Warranty reserve	9,768	$ 8,633	7,970	$ 10,269	$ 8,961	$ 8,531
Accrued compensation costs	21,817		29,770
Land development and home construction accruals	124,380		77,748
Accrued interest	15,372		15,636
Lease liabilities - operating leases	17,466
Liability for product financing arrangements and other	10,637		68,043
Total accrued expenses and other liabilities	$ 212,750		$ 213,157

Warranties (Details)

Warranties (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Warranties [Abstract]
Beginning balance	$ 8,633	$ 8,961	$ 7,970	$ 8,531
Warranty reserves assumed in business combination		397		397
Warranty expense provisions	2,107	1,787	3,768	3,221
Payments	(1,174)	(761)	(2,194)	(1,720)
Warranty adjustment	202	(115)	224	(160)
Ending balance	$ 9,768	$ 10,269	$ 9,768	$ 10,269

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	Jun. 10, 2019	Mar. 23, 2019	Feb. 12, 2019	May 31, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	May 04, 2018
Debt Instrument [Line Items]
Deferred issuance costs					$ 890,606,000		$ 890,606,000		$ 784,777,000
Line of credit facility, outstanding amount					212,000,000		212,000,000		202,500,000
Mortgage repurchase facilities					100,745,000		100,745,000		$ 104,555,000
Loss on debt extinguishment					(10,832,000)		$ (10,832,000)
Amended And Restated Credit Agreement [Member] | Texas Capital Bank [Member] | Revolving Credit Facility [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					$ 212,000,000		$ 212,000,000
Amended And Restated Credit Agreement [Member] | Eurodollar Rate [Member] | Maximum [Member] | Texas Capital Bank [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			3.10%
Amended And Restated Credit Agreement [Member] | Eurodollar Rate [Member] | Minimum [Member] | Texas Capital Bank [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			2.60%
Amended And Restated Credit Agreement [Member] | Base Rate [Member] | Maximum [Member] | Texas Capital Bank [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			2.10%
Amended And Restated Credit Agreement [Member] | Base Rate [Member] | Minimum [Member] | Texas Capital Bank [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			1.60%
2027 Notes [Member]
Debt Instrument [Line Items]
Principal amount				$ 500,000,000
Net proceeds from issuance of senior debt				$ 494,300,000
Interest rate				6.75%
Maturity year				2027
Deferred issuance costs				$ 5,700,000
2022 Notes [Member]
Debt Instrument [Line Items]
Interest rate					6.875%		6.875%
Maturity year					2022
Extinguishment amount	$ 195,700,000	$ 189,300,000			$ 385,000,000
Loss on debt extinguishment					10,800,000
Mortgage Repurchase Facilities - Financial Services [Member] | Comerica Bank [Member] | Financial Services [Member]
Debt Instrument [Line Items]
Incurred interest expense					900,000	$ 300,000	$ 1,500,000	$ 500,000
Mortgage Repurchase Facilities - Financial Services [Member] | Inspire [Member] | Comerica Bank [Member]
Debt Instrument [Line Items]
Mortgage repurchase facilities					$ 100,700,000		$ 100,700,000
Mortgage Repurchase Facilities - Financial Services [Member] | Maximum [Member] | Inspire [Member] | Comerica Bank [Member]
Debt Instrument [Line Items]
Principal amount										$ 160,000,000

Debt (Schedule Of Outstanding D

Debt (Schedule Of Outstanding Debt Obligations) (Details) - USD ($) $ in Thousands		Jun. 30, 2019	Dec. 31, 2018
Debt [Abstract]
6.750% senior notes, due May 2027	[1]	$ 494,329
5.875% senior notes, due July 2025	[1]	395,767	$ 395,415
6.875% senior notes, due May 2022	[1]		380,567
Insurance premium notes and other financing obligations		510	8,795
Senior notes payable		890,606	784,777
Revolving line of credit, due April 2022		212,000	202,500
Mortgage repurchase facilities		100,745	104,555
Total debt (Carrying amount)		$ 1,203,351	$ 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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest [Abstract]
Interest capitalized beginning of period	$ 59,121	$ 46,160	$ 53,842	$ 41,762
Interest capitalized during period	18,602	13,920	36,467	27,277
Less: capitalized interest in cost of sales	(14,655)	(12,284)	(27,241)	(21,243)
Interest capitalized end of period	$ 63,068	$ 47,796	$ 63,068	$ 47,796

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Taxes [Abstract]
Effective tax rate			27.10%
Blended federal and state statutary rate			24.90%
Percentage of decrease related to rate impacted by discrete items			1.60%
Increased to effective tax rate			2.20%
Income tax expense	$ 5,335	$ 13,309	$ 11,215	$ 16,397

Fair Value Disclosures (Schedul

Fair Value Disclosures (Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments) (Details) - USD ($) $ in Thousands		Jun. 30, 2019	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage loans held for sale		$ 122,085	$ 114,074
Senior Notes 6.750% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying amounts include unamortized deferred financing costs, premiums and discounts		5,700
Senior Notes 6.875% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying amounts include unamortized deferred financing costs, premiums and discounts			4,400
Senior Notes 5.875% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying amounts include unamortized deferred financing costs, premiums and discounts		4,200	4,600
Level 2 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured notes receivable	[1]	2,672	4,947
Mortgage loans held for sale	[2]	122,085	114,074
6.750% senior notes	[3],[4]	494,329
6.875% senior notes	[3],[4]		380,567
5.875% senior notes	[3],[4]	395,767	395,415
3.278 insurance premium notes	[5]	510	6,475
Other financing obligation	[5]		2,320
Mortgage repurchase facilities	[5]	100,745	104,555
Level 2 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured notes receivable	[1]	2,603	4,830
Mortgage loans held for sale	[2]	122,085	114,074
6.750% senior notes	[3],[4]	505,000
6.875% senior notes	[3],[4]		372,488
5.875% senior notes	[3],[4]	400,500	356,000
3.278 insurance premium notes	[5]	510	6,475
Other financing obligation	[5]		2,320
Mortgage repurchase facilities	[5]	100,745	104,555
Level 3 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving line of credit	[5]	212,000	202,500
Level 3 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving line of credit	[5]	$ 212,000	$ 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]	Carrying amounts include any associated unamortized deferred financing costs, premiums and discounts. As of June 30, 2019 these amounts totaled $ 5.7 million and $ 4.2 million for the 6.750% senior notes and 5.875% senior notes, respectively. As of December 31, 2018, these amounts totaled $ 4.4 million and $ 4.6 million for the 6.875% senior notes and 5.875% senior notes, respectively.
[4]	Estimated fair value of the senior notes incorporated recent trading activity in inactive markets.
[5]	Carrying amount approximates fair value due to short-term nature and interest rate terms.

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 3.9	$ 3.8	$ 7.5	$ 6.3
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]
Restricted stock granted			0.6
Grant date fair value			$ 23.85
Awards vesting period			3 years

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	6 Months Ended
	Jun. 30, 2019USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested units | shares	1,257
Unrecognized compensation cost | $	$ 20,418
Period to recognize compensation cost	1 year 9 months 18 days

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 03, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	May 08, 2019	Dec. 31, 2018	May 10, 2017
Class of Stock [Line Items]
Common stock shares authorized		100,000,000		100,000,000			100,000,000
Common stock, par value		$ 0.01		$ 0.01			$ 0.01
Preferred stock shares authorized		50,000,000		50,000,000			50,000,000
Preferred stock, par value		$ 0.01		$ 0.01			$ 0.01
Common stock shares issued		30,438,505		30,438,505			30,154,791
Common stock shares outstanding		30,438,505		30,438,505			30,154,791
Common stock shares issued related to vesting of RSUs				400,000
Net proceeds from issuances of common stock				$ 2,663	$ 14,309
First Amended And Restated 2013 Long-Term Incentive Plan [Member]
Class of Stock [Line Items]
Common stock shares for stock award issuance								1,800,000
2017 Incentive Plan [Member]
Class of Stock [Line Items]
Common stock shares for stock award, available for issuance						1,631,000
Common stock shares rolled into plan								600,000
Distribution Agreement [Member]
Class of Stock [Line Items]
Aggregate offering price	$ 100,000
Available for sale		$ 69,900		$ 69,900
Common stock shares sold and issued		100,000	300,000	100,000	500,000
Net proceeds from issuances of common stock		$ 2,700	$ 9,600	$ 2,700	$ 14,600
Comissions and fees paid to Sales Agents		$ 100	$ 200	$ 100	$ 300

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Anti-dilutive shares related to PSU's granted	0.6	0.3	0.6	0.3

Earnings Per Share (Schedule Of

Earnings Per Share (Schedule Of Earnings Per Share, Basic And Diluted) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Numerator
Net income	$ 15,495	$ 33,193	$ 32,612	$ 53,212
Less: Undistributed earnings allocated to participating securities		(3)		(67)
Net income allocable to common stockholders	$ 15,495	$ 33,190	$ 32,612	$ 53,145
Denominator
Weighted average common shares outstanding - basic	30,341,628	29,901,791	30,272,818	29,709,728
Dilutive effect of restricted stock units	227,220	268,898	234,127	293,548
Weighted average common shares outstanding - diluted	30,568,848	30,170,689	30,506,945	30,003,276
Earnings per share:
Basic	$ 0.51	$ 1.11	$ 1.08	$ 1.79
Diluted	$ 0.51	$ 1.10	$ 1.07	$ 1.77

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Commitments and Contingencies [Abstract]
Outstanding letters of credit and performance bonds	$ 29	$ 289.8

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Lessee, Lease, Description [Line Items]
Right of use asset	$ 16,760		$ 16,760
Lease liability	17,466		17,466
Operating lease expense	$ 1,300	$ 900	$ 2,700	$ 1,700
Minimum [Member]
Lessee, Lease, Description [Line Items]
Lease term	1 year		1 year
Maximum [Member]
Lessee, Lease, Description [Line Items]
Lease term	7 years		7 years

Leases (Information Of Lease Ri

Leases (Information Of Lease Right Of Use Asset And Lease Liability) (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)
Leases [Abstract]
Cash paid for operating lease liabilities	$ 1,374	$ 2,746
Right-of-use asset obtained in exchange for new operating lease obligations	$ 545	$ 1,392
Weighted-average remaining lease term	4 years 4 months 2 days	4 years 4 months 2 days
Weighted-average discount rate	6.42%	6.42%

Leases (Maturities Of Lease Lia

Leases (Maturities Of Lease Liabilities) (Details) $ in Thousands	Jun. 30, 2019USD ($)
Due in 12 month period ended March 31,
2020	$ 5,200
2021	5,001
2022	3,772
2023	2,931
2024	2,068
Thereafter	1,015
Total	19,987
Less: discount	(2,521)
Total lease liabilities	$ 17,466

Supplemental Guarantor Inform_3

Supplemental Guarantor Information (Narrative) (Details)	6 Months Ended
	Jun. 30, 2019
Senior Notes Due 2022 [Member]
Debt Instrument [Line Items]
Interest rate	6.875%
Maturity year	2022
Senior Notes Due 2025 [Member]
Debt Instrument [Line Items]
Interest rate	5.875%
Maturity year	2025
Senior Notes Due 2027 [Member]
Debt Instrument [Line Items]
Interest rate	6.75%
Maturity year	2027

Supplemental Guarantor Inform_4

Supplemental Guarantor Information (Supplemental Condensed Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 31,704		$ 32,902	$ 19,482
Cash held in escrow	25,838		24,344
Accounts receivable	15,999		13,464
Inventories	2,009,769		1,848,243
Mortgage loans held for sale	122,085		114,074
Prepaid expenses and other assets	123,343		138,717
Deferred tax assets, net	13,335		13,763
Property and equipment, net	33,469		33,258
Amortizable intangible assets, net	4,436		5,095
Goodwill	30,395		30,395
Total assets	2,410,373		2,254,255
Liabilities:
Accounts payable	97,043		89,907
Accrued expenses and other liabilities	212,750		213,157
Notes payable	890,606		784,777
Revolving line of credit	212,000		202,500
Mortgage repurchase facilities	100,745		104,555
Total liabilities	1,513,144		1,394,896
Stockholders' equity:	897,229	$ 875,406	859,359	803,706	$ 757,418	$ 735,233
Total liabilities and stockholders' equity	2,410,373		2,254,255
Century [Member]
Assets
Cash and cash equivalents	5,252		2,183
Accounts receivable	5,418		6,117
Investment in consolidated subsidiaries	1,979,614		1,827,456
Prepaid expenses and other assets	10,421		51,177
Deferred tax assets, net	13,335		13,763
Property and equipment, net	14,145		13,274
Total assets	2,028,185		1,913,970
Liabilities:
Accounts payable	694		623
Accrued expenses and other liabilities	28,166		75,506
Notes payable	890,096		775,982
Revolving line of credit	212,000		202,500
Total liabilities	1,130,956		1,054,611
Stockholders' equity:	897,229		859,359
Total liabilities and stockholders' equity	2,028,185		1,913,970
Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents			2,101	8,343
Cash held in escrow	25,838		24,344
Accounts receivable	10,626		7,424
Inventories	2,009,769		1,848,243
Prepaid expenses and other assets	103,075		85,224
Property and equipment, net	18,447		18,989
Amortizable intangible assets, net	4,436		5,095
Goodwill	30,395		30,395
Total assets	2,202,586		2,021,815
Liabilities:
Accounts payable	96,107		88,627
Accrued expenses and other liabilities	174,819		131,548
Notes payable	510		8,795
Total liabilities	271,436		228,970
Stockholders' equity:	1,931,150		1,792,845
Total liabilities and stockholders' equity	2,202,586		2,021,815
Non Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	26,902		28,618	18,258
Accounts receivable	(45)		(77)
Mortgage loans held for sale	122,085		114,074
Prepaid expenses and other assets	9,847		2,316
Property and equipment, net	877		995
Total assets	159,666		145,926
Liabilities:
Accounts payable	692		657
Accrued expenses and other liabilities	9,765		6,103
Mortgage repurchase facilities	100,745		104,555
Total liabilities	111,202		111,315
Stockholders' equity:	48,464		34,611
Total liabilities and stockholders' equity	159,666		145,926
Elimination Entries [Member]
Assets
Cash and cash equivalents	(450)			$ (7,119)
Investment in consolidated subsidiaries	(1,979,614)		(1,827,456)
Total assets	(1,980,064)		(1,827,456)
Liabilities:
Accounts payable	(450)
Total liabilities	(450)
Stockholders' equity:	(1,979,614)		(1,827,456)
Total liabilities and stockholders' equity	$ (1,980,064)		$ (1,827,456)

Supplemental Guarantor Inform_5

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement Of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues
Total revenues	$ 619,950	$ 531,892	$ 1,153,007	$ 933,740
Selling, general and administrative	(75,217)	(63,634)	(144,153)	(120,156)
Loss on debt extinguishment	(10,832)		(10,832)
Acquisition expense		(165)		(338)
Equity in income of unconsolidated subsidiaries		11,681		14,849
Other income (expense)	(519)	350	(443)	(8)
Income before income tax expense	20,830	46,502	43,827	69,609
Income tax expense	(5,335)	(13,309)	(11,215)	(16,397)
Net income	15,495	33,193	32,612	53,212
Century [Member]
Revenues
Selling, general and administrative	(18,813)	(18,154)	(37,467)	(33,616)
Loss on debt extinguishment	(10,832)		(10,832)
Acquisition expense		(165)		(338)
Equity in earnings from consolidated subsidiaries	38,508	34,555	69,671	65,837
Equity in income of unconsolidated subsidiaries		11,681		14,849
Other income (expense)	(869)	(22)	(768)	(255)
Income before income tax expense	7,994	27,895	20,604	46,477
Income tax expense	7,501	5,298	12,008	6,735
Net income	15,495	33,193	32,612	53,212
Guarantor Subsidiaries [Member]
Revenues
Total revenues	610,035	523,878	1,134,692	920,169
Selling, general and administrative	(56,404)	(45,480)	(106,686)	(86,540)
Other income (expense)	302	372	257	247
Income before income tax expense	49,128	50,533	89,087	85,179
Income tax expense	(12,281)	(17,687)	(22,271)	(22,146)
Net income	36,847	32,846	66,816	63,033
Non Guarantor Subsidiaries [Member]
Revenues
Total revenues	9,915	8,014	18,315	13,571
Other income (expense)	48		68
Income before income tax expense	2,216	2,629	3,807	3,790
Income tax expense	(555)	(920)	(952)	(986)
Net income	1,661	1,709	2,855	2,804
Elimination Entries [Member]
Revenues
Equity in earnings from consolidated subsidiaries	(38,508)	(34,555)	(69,671)	(65,837)
Income before income tax expense	(38,508)	(34,555)	(69,671)	(65,837)
Net income	(38,508)	(34,555)	(69,671)	(65,837)
Home Sales [Member]
Revenues
Total revenues	608,636	522,164	1,131,938	916,995
Cost of revenues	(503,928)	(427,197)	(937,685)	(746,780)
Home Sales [Member] | Guarantor Subsidiaries [Member]
Revenues
Total revenues	608,636	522,164	1,131,938	916,995
Cost of revenues	(503,928)	(427,197)	(937,685)	(746,780)
Land Sales And Other [Member]
Revenues
Total revenues	1,399	1,714	2,754	3,174
Cost of revenues	(877)	(1,040)	(1,491)	(1,917)
Land Sales And Other [Member] | Guarantor Subsidiaries [Member]
Revenues
Total revenues	1,399	1,714	2,754	3,174
Cost of revenues	(877)	(1,040)	(1,491)	(1,917)
Homebuilding [Member]
Revenues
Total revenues	610,035	523,878	1,134,692	920,169
Cost of revenues	(504,805)	(428,237)	(939,176)	(748,697)
Homebuilding [Member] | Guarantor Subsidiaries [Member]
Revenues
Total revenues	610,035	523,878	1,134,692	920,169
Cost of revenues	(504,805)	(428,237)	(939,176)	(748,697)
Financial Services [Member]
Revenues
Total revenues	9,915	8,014	18,315	13,571
Cost of revenues	(7,747)	(5,385)	(14,576)	(9,781)
Financial Services [Member] | Non Guarantor Subsidiaries [Member]
Revenues
Total revenues	9,915	8,014	18,315	13,571
Cost of revenues	$ (7,747)	$ (5,385)	$ (14,576)	$ (9,781)

Supplemental Guarantor Inform_6

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement Of Cash Flows) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	$ (92,999)	$ (80,892)
Net cash provided by/(used in) investing activities	(6,215)	(35,248)
Financing activities
Borrowings under revolving credit facilities	767,600	305,000
Payments on revolving credit facilities	(758,100)	(175,000)
Extinguishments of debt assumed in business combination		(94,231)
Proceeds from issuance of senior notes due 2027	500,000
Extinguishment of senior notes due 2022	(391,942)
Debt issuance costs	(5,728)	(3,521)
Proceeds from issuance of insurance premium notes and other	9,301
Net proceeds from mortgage repurchase facilities	(3,805)	4,679
Net proceeds from issuances of common stock	2,663	14,309
Repurchases of common stock upon vesting of stock based compensation	(3,434)	(4,788)
Repurchases of common stock under our stock repurchase program	(1,439)
Principal payments on insurance notes payable	(17,586)
Net cash provided by (used in) financing activities	97,530	46,448
Net increase (decrease)	(1,684)	(69,692)
Cash and cash equivalents and Restricted cash, Beginning of period	36,441	93,713
Cash and cash equivalents and Restricted cash, End of period	34,757	24,021
Cash and cash equivalents	31,704	19,482	$ 32,902
Restricted Cash	3,053	4,539
Elimination Entries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	(450)	(7,119)
Net cash provided by/(used in) investing activities	43,459	196,514
Financing activities
Payments from (and advances to) parent/subsidiary	(43,459)	(196,514)
Net cash provided by (used in) financing activities	(43,459)	(196,514)
Net increase (decrease)	(450)	(7,119)
Cash and cash equivalents and Restricted cash, End of period	(450)	(7,119)
Cash and cash equivalents	(450)	(7,119)
Century [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	(60,874)	(28,930)
Net cash provided by/(used in) investing activities	(45,677)	(68,490)
Financing activities
Borrowings under revolving credit facilities	767,600	305,000
Payments on revolving credit facilities	(758,100)	(175,000)
Extinguishments of debt assumed in business combination		(94,231)
Proceeds from issuance of senior notes due 2027	500,000
Extinguishment of senior notes due 2022	(391,942)
Debt issuance costs	(5,728)	(3,521)
Net proceeds from issuances of common stock	2,663	14,309
Repurchases of common stock upon vesting of stock based compensation	(3,434)	(4,788)
Repurchases of common stock under our stock repurchase program	(1,439)
Payments from (and advances to) parent/subsidiary		(583)
Net cash provided by (used in) financing activities	109,620	41,186
Net increase (decrease)	3,069	(56,234)
Cash and cash equivalents and Restricted cash, Beginning of period	2,183	56,234
Cash and cash equivalents and Restricted cash, End of period	5,252
Cash and cash equivalents	5,252		2,183
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	(23,182)	(43,880)
Net cash provided by/(used in) investing activities	(4,115)	(163,120)
Financing activities
Proceeds from issuance of insurance premium notes and other	9,301
Payments from (and advances to) parent/subsidiary	32,462	189,959
Principal payments on insurance notes payable	(17,586)
Net cash provided by (used in) financing activities	24,177	189,959
Net increase (decrease)	(3,120)	(17,041)
Cash and cash equivalents and Restricted cash, Beginning of period	4,006	28,044
Cash and cash equivalents and Restricted cash, End of period	886	11,003
Cash and cash equivalents		8,343	2,101
Restricted Cash	886	2,660
Non Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	(8,493)	(963)
Net cash provided by/(used in) investing activities	118	(152)
Financing activities
Net proceeds from mortgage repurchase facilities	(3,805)	4,679
Payments from (and advances to) parent/subsidiary	10,997	7,138
Net cash provided by (used in) financing activities	7,192	11,817
Net increase (decrease)	(1,183)	10,702
Cash and cash equivalents and Restricted cash, Beginning of period	30,252	9,435
Cash and cash equivalents and Restricted cash, End of period	29,069	20,137
Cash and cash equivalents	26,902	18,258	$ 28,618
Restricted Cash	$ 2,167	$ 1,879