Century Communities (CCS) 10-Q 30 Apr 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	Apr. 23, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	001-36491
Entity Registrant Name	Century Communities, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	68-0521411
Entity Address, Address Line One	8390 East Crescent Parkway
Entity Address, Address Line Two	Suite 650
Entity Address, City or Town	Greenwood Village
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80111
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		33,332,501
Entity Central Index Key	0001576940
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2020
Current Fiscal Year End Date	--12-31
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 450,973	$ 55,436
Cash held in escrow	22,497	35,308
Accounts receivable	23,087	27,438
Inventories	2,074,509	1,995,549
Mortgage loans held for sale	141,846	185,246
Prepaid expenses and other assets	121,017	124,008
Property and equipment, net	35,004	35,998
Deferred tax assets, net	11,110	10,589
Goodwill	30,395	30,395
Total assets	2,910,438	2,499,967
Liabilities:
Accounts payable	40,170	84,794
Accrued expenses and other liabilities	230,875	213,975
Notes payable	899,166	896,704
Revolving line of credit	521,900	68,700
Mortgage repurchase facilities	133,794	174,095
Total liabilities	1,825,905	1,438,268
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, 33,319,125 and 33,067,375 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	333	331
Additional paid-in capital	681,060	684,354
Retained earnings	403,140	377,014
Total stockholders' equity	1,084,533	1,061,699
Total liabilities and stockholders' equity	$ 2,910,438	$ 2,499,967

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
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	33,319,125	33,067,375
Common stock shares outstanding	33,319,125	33,067,375

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues
Total revenues	$ 602,609	$ 533,057
Selling, general and administrative	(73,619)	(68,936)
Inventory impairment	(781)
Other income (expense)	158	76
Income before income tax expense	34,088	22,997
Income tax expense	(7,962)	(5,880)
Net income	$ 26,126	$ 17,117
Earnings per share:
Basic	$ 0.79	$ 0.57
Diluted	$ 0.78	$ 0.56
Weighted average common shares outstanding:
Basic	33,207,928	30,203,243
Diluted	33,476,444	30,444,276
Home Sales [Member]
Revenues
Total revenues	$ 572,710	$ 523,302
Cost of revenues	(470,526)	(433,757)
Land Sales And Other [Member]
Revenues
Total revenues	20,104	1,355
Cost of revenues	(14,167)	(614)
Homebuilding [Member]
Revenues
Total revenues	592,814	524,657
Cost of revenues	(484,693)	(434,371)
Financial Services [Member]
Revenues
Total revenues	9,795	8,400
Cost of revenues	$ (9,586)	$ (6,829)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating activities
Net income	$ 26,126	$ 17,117
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	3,415	3,074
Stock-based compensation expense	1,685	3,534
Inventory impairment and other	781
Deferred income taxes	(521)	172
Loss on disposition of assets	330	358
Changes in assets and liabilities:
Cash held in escrow	12,811	(320)
Accounts receivable	4,349	1,028
Inventories	(60,930)	(69,106)
Prepaid expenses and other assets	2,000	(2,659)
Accounts payable	(44,624)	(15,831)
Accrued expenses and other liabilities	(1,198)	(11,296)
Mortgage loans held for sale	43,400	14,529
Net cash used in operating activities	(12,376)	(59,400)
Investing activities
Purchases of property and equipment	(2,686)	(3,270)
Other investing activities	59	(14)
Net cash used in investing activities	(2,627)	(3,284)
Financing activities
Borrowings under revolving credit facilities	678,000	288,800
Payments on revolving credit facilities	(224,800)	(204,300)
Principal payments on notes payable	(2,043)	(7,716)
Proceeds from insurance notes payable	4,137	9,301
Net proceeds from mortgage repurchase facilities	(40,302)	(13,689)
Repurchases of common stock upon vesting of stock-based compensation	(4,977)	(3,166)
Repurchases of common stock under stock repurchase program		(1,439)
Net cash provided by financing activities	410,015	67,791
Net increase	395,012	5,107
Cash and cash equivalents and Restricted cash, Beginning of period	58,522	36,441
Cash and cash equivalents and Restricted cash, End of period	453,534	41,548
Supplemental cash flow disclosure
Cash paid for income taxes
Cash and cash equivalents and Restricted cash
Cash and cash equivalents	450,973	38,115
Restricted cash (Note 5)	$ 2,561	$ 3,433

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Total
Beginning balance at Dec. 31, 2018	$ 302	$ 595,037	$ 264,020	$ 859,359
Beginning balance (in shares) at Dec. 31, 2018	30,155,000
Repurchase of common stock		(1,438)		$ (1,438)
Repurchase of common stock, shares	(83,000)			(83,000)
Vesting of restricted stock units	$ 3	(3)
Vesting of restricted stock units, shares	367,000
Withholding of common stock upon vesting of restricted stock units	$ (2)	(3,164)		$ (3,166)
Withholding of common stock upon vesting of restricted stock units, shares	(135,000)
Stock-based compensation expense		3,534		3,534
Net income			17,117	17,117
Ending balance at Mar. 31, 2019	$ 303	593,966	281,137	875,406
Ending balance (in shares) at Mar. 31, 2019	30,304,000
Beginning balance at Dec. 31, 2019	$ 331	684,354	377,014	1,061,699
Beginning balance (in shares) at Dec. 31, 2019	33,067,000
Repurchase of common stock
Repurchase of common stock, shares
Vesting of restricted stock units	$ 4	(4)
Vesting of restricted stock units, shares	412,000
Withholding of common stock upon vesting of restricted stock units	$ (2)	(4,975)		$ (4,977)
Withholding of common stock upon vesting of restricted stock units, shares	(160,000)
Stock-based compensation expense		1,685		1,685
Net income			26,126	26,126
Ending balance at Mar. 31, 2020	$ 333	$ 681,060	$ 403,140	$ 1,084,533
Ending balance (in shares) at Mar. 31, 2020	33,319,000

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2020
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 metropolitan areas in 17 states. 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 Century Complete 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 Century Complete brand, formerly referred to as Wade Jurney Homes, targets first time homebuyers, primarily sells homes through retail studios and the internet, and provides no option or upgrade selections. On February 6, 2020 we announced the rebranding of Wade Jurney Homes to Century Complete. Our homebuilding operations are organized into the following five reportable segments: West, Mountain, Texas, Southeast, and Century Complete. 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 homebuyers have been identified as our Financial Services segment . The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (which we refer to as “GAAP”) for interim financial statements and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (which we refer to as the “SEC”). In the o pinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments consisting of normal recurring adjustments necessary for a fair presentation of 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, 2019, which are included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019 that was filed with the SEC on February 7, 2020. The recent outbreak of the novel coronavirus COVID-19, which was declared a pandemic by the World Health Organization on March 11, 2020, has led to adverse impacts on the U.S. and global economies and created uncertainty regarding potential impacts to our operations and customer demand. Through late April, there is still significant uncertainty regarding the duration and severity of the disruption caused by this pandemic. Commencing in March 2020 numerous state and local municipalities issued public health orders with varying expiration dates requiring the closure of nonessential businesses, as well as ordering individuals to stay at home and/or shelter in place whenever possible. General exceptions to shelter in place orders are essential services and critical businesses. As of the date of this filing, other than the state of Michigan and certain municipalities within the Bay Area market of Northern California, construction and sale of residential real estate has been determined to be an essential business, and accordingly our operations have been generally exempted from these applicable health orders. 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 Financial Instruments - Credit Losses In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326) . The standard changes the accounting for credit losses for most financial assets and certain other instruments. Credit losses which have historically been accounted for on an incurred loss basis will now be accounted for using an estimate of lifetime expected credit losses. This will generally result in earlier recognition of allowances for credit losses. We adopted this standard on January 1, 2020 with no material effect on the consolidated financial statements and related disclosures. Internal-Use Software In August 2018, the FASB issued ASU 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force) . This update is intended to help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement by providing guidance for determining when the arrangement includes a software license. We adopted this standard on January 1, 2020 with no material effect on the consolidated financial statements and related disclosures. Recently Issued Accounting Standards In December 2019, the FASB issued Accounting Standards Update No. 2019-12, “ Income Taxes (Topic 740) : Simplifying the Accounting for Income Taxes” (“ASU 2019-12”). The standard simplifies the accounting for income taxes, eliminates certain exceptions, and clarifies certain aspects of ASC 740 to promote consistency among reporting entities. ASU 2019-12 is effective for us beginning January 1, 2021. We do not expect this standard to have a material effect on the consolidated financial statements and related disclosures.

Reporting Segments

Reporting Segments	3 Months Ended
	Mar. 31, 2020
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 Century Complete 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 Century Complete brand targets first time homebuyers, primarily sells homes through retail studios and the internet, and provides no option or upgrade selections. Our Century Complete brand currently has operations in 11 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 Century Complete 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)  Century Complete (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 operations are a non-operating segment, as they serve to support our homebuilding, and to a lesser extent our financial services operations, through functions, such as our executive, finance, treasury, human resources, accounting and legal departments. The following table summarizes total revenue and income before income tax expense by segment (in thousands ): Three Months Ended March 31, 2020 2019 Revenue: West $ 131,887 $ 112,120 Mountain 171,152 159,666 Texas 60,164 50,486 Southeast 131,502 112,812 Century Complete 98,109 89,573 Financial Services 9,795 8,400 Corporate — — Total revenue $ 602,609 $ 533,057 Income (loss) before income tax expense: West $ 15,341 $ 8,648 Mountain 18,498 19,308 Texas 5,484 3,749 Southeast 8,308 5,739 Century Complete 780 3,973 Financial Services 209 1,590 Corporate ( 14,532 ) ( 20,010 ) Total income before income tax expense $ 34,088 $ 22,997 The following table summarizes total assets by operating segment (in thousands): March 31, December 31, 2020 2019 West $ 634,491 $ 610,248 Mountain 707,925 635,201 Texas 233,247 232,887 Southeast 425,309 441,818 Century Complete 233,394 244,827 Financial Services 223,109 254,282 Corporate 452,963 80,704 Total assets $ 2,910,438 $ 2,499,967 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.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2020
Inventories [Abstract]
Inventories	3. Inventories Inventories included the following (in thousands): March 31, December 31, 2020 2019 Homes under construction $ 1,119,989 $ 1,091,576 Land and land development 883,683 836,904 Capitalized interest 70,837 67,069 Total inventories $ 2,074,509 $ 1,995,549

Financial Services

Financial Services	3 Months Ended
	Mar. 31, 2020
Financial Services [Abstract]
Financial Services	4. 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 using its mortgage repurchase facilities. Mortgage loans in process for which interest rates were committed to borrowers totaled approximately $ 125.0 million and $ 37.6 million at March 31, 2020 and December 31, 2019, respectively, and carried a weighted average interest rate of approximately 3.4 %, and 3.9 %, respectively. As of March 31, 2020 and December 31, 2019, Inspire had mortgage loans held for sale with an aggregate fair value of $ 141.8 million and $ 185.2 million, respectively, and an aggregate outstanding principal balance of $ 137.8 million and $ 179.3 million, respectively. 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 condensed consolidated statement of operations. Management believes carrying loans held-for-sale and the derivative instruments used to economically hedge them at fair value improves financial reporting by more accurately reflecting the underlying transaction. Refer to Note 11 – Fair Value Disclosures for further information regarding our derivative instruments.

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets	3 Months Ended
	Mar. 31, 2020
Prepaid Expenses and Other Assets [Abstract]
Prepaid Expenses and Other Assets	5. Prepaid Expenses and Other Assets Prepaid expenses and other assets included the following (in thousands): March 31, December 31, 2020 2019 Prepaid insurance $ 27,497 $ 26,175 Lot option and escrow deposits 43,637 48,810 Right of use assets 17,538 18,854 Performance deposits 5,776 6,299 Deferred financing costs revolving line of credit, net 4,231 4,574 Restricted cash (1) 2,561 3,085 Secured notes receivable 2,571 2,602 Other assets and prepaid expenses 7,714 8,633 Mortgage loans held for investment and derivative assets 9,349 4,768 Amortizable intangible assets, net 143 208 Total prepaid expenses and other assets $ 121,017 $ 124,008 (1) Restricted cash consists of earnest money deposits for home sale contracts held by third parties as required by various jurisdictions, and certain pledge balances associated with our mortgage repurchase facilities.

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	3 Months Ended
	Mar. 31, 2020
Accrued Expenses and Other Liabilities [Abstract]
Accrued Expenses and Other Liabilities	6. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities included the following (in thousands): March 31, December 31, 2020 2019 Earnest money deposits $ 15,898 $ 10,592 Warranty reserve 9,727 9,731 Accrued compensation costs 16,322 30,888 Land development and home construction accruals 126,930 110,284 Lease liabilities - operating leases 18,065 19,306 Accrued interest 17,323 14,562 Income taxes payable 2,453 329 Liability for product financing arrangement and other 24,157 18,283 Total accrued expenses and other liabilities $ 230,875 $ 213,975

Warranties

Warranties	3 Months Ended
	Mar. 31, 2020
Warranties [Abstract]
Warranties	7. Warranties Estimated future direct warranty costs are accrued and charged to cost of home sales revenues in the period when the related home sales revenues are recognized. Amounts accrued, which are included in accrued expenses and other liabilities on the consolidated balance sheets, are based upon historical experience rates. We subsequently assess the adequacy of our warranty accrual on a quarterly basis through an internal model that incorporates historical payment trends and adjust the amounts recorded if necessary. Based on warranty payment trends relative to our estimates at the time of home closing, we reduced our warranty reserve by $ 1.1 million and increased our reserve by $ 22 thousand during the three months ended March 31, 2020 and 2019, respectively, which is included in cost of home sales revenues on our consolidated statements of operations. Changes in our warranty accrual for the three months ended March 31, 2020 and 2019 are detailed in the table below (in thousands) : Three Months Ended March 31, 2020 2019 Beginning balance $ 9,731 $ 7,970 Warranty expense provisions 1,777 1,661 Payments ( 689 ) ( 1,020 ) Warranty adjustment ( 1,092 ) 22 Ending balance $ 9,727 $ 8,633

Debt

Debt	3 Months Ended
	Mar. 31, 2020
Debt [Abstract]
Debt	8. Debt Our outstanding debt obligations included the following as of March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, 2020 2019 6.750 % senior notes, due May 2027 (1) $ 494,499 $ 494,307 5.875 % senior notes, due July 2025 (1) 396,296 396,120 Other financing obligations 8,371 6,277 Notes payable 899,166 896,704 Revolving line of credit, due April 2023 521,900 68,700 Mortgage repurchase facilities 133,794 174,095 Total debt $ 1,554,860 $ 1,139,499 (1) The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes. Revolving Line of Credit 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 December 13, 2019, provides us with a revolving line of credit of up to $ 640.0 million, and unless terminated earlier, will mature on April 30, 2023 . Under the terms of the Amended and Restated Credit Agreement, we may request a twelve-month extension of the maturity date. Our obligations under the Amended and Restated Credit Agreement are guaranteed by certain of our subsidiaries. The Amended and Restated Credit Agreement contains customary affirmative and negative covenants (including limitations on our ability to grant liens, incur additional debt, pay dividends, redeem our common stock, make certain investments and engage in certain merger, consolidation or asset sale transactions), as well as customary events of default. These covenants are measured as defined in the Amended and Restated Credit Agreement and are reported to the lenders quarterly. Borrowings under the Amended and Restated Credit Agreement bear interest at a floating rate equal to the adjusted Eurodollar Rate plus an applicable margin between 2.60 % and 3.10 % per annum, or, in the Administrative Agent’s discretion, a base rate plus an applicable margin between 1.60 % and 2.10 % per annum. As of March 31, 2020, we had $ 521.9 million outstanding under the credit facility and were in compliance with all covenants. Mortgage Repurchase Facilities – Financial Services On May 4, 2018, September 14, 2018, and August 1, 2019, Inspire entered into mortgage warehouse facilities, with Comerica Bank, J.P. Morgan, and Wells Fargo, 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 $ 225 million, secured by the mortgage loans financed thereunder. Amounts outstanding under the repurchase facilities are not guaranteed by us or any of our subsidiaries and the agreements contain various affirmative and negative covenants applicable to Inspire that are customary for arrangements of this type. As of March 31, 2020, we had $ 133.8 million outstanding under these repurchase facilities and were in compliance with all covenants thereunder. During the three months ended March 31, 2020 and 2019, we incurred interest expense on the repurchase facilities of $ 0.7 million and $ 0.6 million, respectively, which are included in financial services costs on our condensed consolidated statements of operations.

Interest

Interest	3 Months Ended
	Mar. 31, 2020
Interest [Abstract]
Interest	9. Interest Interest is capitalized to inventories while the related communities are being actively developed and until homes are completed. As our qualifying assets exceeded our outstanding debt during the three months ended March 31, 2020 and 2019, we capitalized all interest costs incurred during these periods, except for interest incurred on our mortgage repurchase facilities. Our interest costs are as follows (in thousands): Three Months Ended March 31, 2020 2019 Interest capitalized beginning of period $ 67,069 $ 53,842 Interest capitalized during period 17,453 17,866 Less: capitalized interest in cost of sales ( 13,685 ) ( 12,587 ) Interest capitalized end of period $ 70,837 $ 59,121

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Taxes [Abstract]
Income Taxes	10 . Income Taxes At the end of each interim period we are required to estimate our annual effective tax rate for the fiscal year, and to use that rate to provide for income taxes for the current year-to-date reporting period. Our 2020 estimated annual effective tax rate of 23.7 % is driven by our blended federal and state statutory rate of 25.4 %, and certain other permanent differences between GAAP and tax which decreased our rate by 1.7 %. For the three months ended March 31, 2020, our estimated annual rate of 23.7 % was impacted by discrete items which had a net impact of decreasing our rate by 0.3 %, including excess tax benefits for vested stock-based compensation . For the three months ended March 31, 2020 and 2019, we recorded income tax expense of $ 8.0 million and $ 5.9 million, respectively.

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Disclosures	11. Fair Value Disclosures Accounting Standards Codification Topic 820, Fair Value Measurement , defines fair value as the price that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and requires assets and liabilities carried at fair value to be classified and disclosed in the following three categories: Level 1 — Quoted prices for identical instruments in active markets. Level 2 — Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are inactive; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets at measurement date. Level 3 — Valuations derived from techniques where one or more significant inputs or significant value drivers are unobservable in active markets at measurement date. The following table presents carrying values and estimated fair values of financial instruments (in thousands): March 31, 2020 December 31, 2019 Hierarchy Carrying Fair Value Carrying Fair Value Secured notes receivable (1) Level 2 $ 2,571 $ 2,522 $ 2,602 $ 2,545 Mortgage loans held for sale (2) Level 2 $ 141,846 $ 141,846 $ 185,246 $ 185,246 Derivative assets (3) Level 2 $ 2,962 $ 2,962 $ 1,382 $ 1,382 5.875 % senior notes (4)(5) Level 2 $ 396,296 $ 335,520 $ 396,120 $ 415,680 6.750 % senior notes (4)(5) Level 2 $ 494,499 $ 414,700 $ 494,307 $ 537,500 Revolving line of credit (6) Level 3 $ 521,900 $ 521,900 $ 68,700 $ 68,700 Other financing obligations (6)(7) Level 2 $ 8,371 $ 8,371 $ 6,277 $ 6,277 Derivative liabilities (3) Level 2 $ 3,159 $ 3,159 $ 147 $ 147 Mortgage repurchase facilities (6) Level 2 $ 133,794 $ 133,794 $ 174,095 $ 174,095 (1) Estimated fair value of the secured notes receivable was based on cash flow models discounted at market interest rates which considered the underlying risks of the note. (2) The mortgage loans held for sale are carried at fair value, which is based on quoted market prices for committed mortgage loans. (3) Derivative instruments are carried at fair value and based on market prices for similar instruments. Changes in fair value are reflected in financial services revenue on the condensed consolidated statement of operations. Derivative assets are presented within prepaid expenses and other assets on the condensed consolidated balance sheets. Derivative liabilities are presented within accrued expenses and other liabilities on the condensed consolidated balance sheets. (4) Estimated fair value of the senior notes is based on recent trading activity in inactive markets. (5) Carrying amounts include any associated unamortized deferred financing costs, premiums and discounts. As of March 31, 2020, these amounts totaled $ 5.5 million and $ 3.7 million for the 6.750 % senior notes and 5.875 % senior notes, respectively. As of December 31, 2019, these amounts totaled $ 5.7 million and $ 3.9 million for the 6.875 % senior notes and 5.875 % senior notes, respectively. (6) Carrying amount approximates fair value due to short-term nature and interest rate terms. (7) Insurance premium notes including in other financing obligations bore interest rates ranging from 3.278 % to 3.240 % during the periods ending March 31, 2020 and December 31, 2019. During the three months ended March 31, 2020, we determined that inventory with a carrying value before impairment of $ 2.3 million within one community was not recoverable. Accordingly, we recognized an impairment charge of $ 0.8 million to reflect the estimated fair value of the community of $ 1.5 million. The estimated fair value of the community was determined through a discounted cash flow approach utilizing Level 3 inputs. This inventory impairments was primarily incurred in the Century Complete segment. The carrying amount of cash and cash equivalents approximates fair value. Non-financial assets and liabilities include items such as inventory and property and equipment that are measured at fair value when acquired and resulting from impairment, if deemed necessary.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2020
Stock-Based Compensation [Abstract]
Stock-Based Compensation	12. Stock-Based Compensation During the three months ended March 31, 2020, we granted restricted stock units (which we refer to as “RSUs”) covering 0.3 million shares of common stock with a grant date fair value of $ 31.19 per share that vest over a three year period. During the three months ended March 31, 2020 we did no t grant any additional performance share units (which we refer to as “PSUs”), however our recognition of stock based expense associated with previously granted PSU awards was updated to reflect probable financial results as they relate to the performance goals of the awards. Accordingly, our estimate of the number of shares which will ultimately vest under our PSU awards decreased by 0.3 million, and we recorded a cumulative catch-up adjustment to decrease stock-based compensation expense of $ 2.4 million . A summary of our outstanding RSUs and PSUs, assuming target level of performance, are as follows (in thousands, except years): As of March 31, 2020 Unvested units 814 Unrecognized compensation cost $ 13,823 Period to recognize compensation cost 1.39 years During the three months ended March 31, 2020 and 2019, we recognized stock-based compensation expense of $ 1.7 million and $ 3.5 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	3 Months Ended
	Mar. 31, 2020
Stockholders' Equity [Abstract]
Stockholders' Equity	13. Stockholders’ Equity Our authorized capital stock consists of 100.0 million shares of common stock, par value $ 0.01 per share, and 50.0 million shares of preferred stock, par value $ 0.01 per share. As of March 31, 2020, and December 31, 2019, there were 33.3 million and 33.1 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 the Century Communities, Inc. Amended and Restated 2017 Omnibus Incentive Plan (which we refer to as our “Amended 2017 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 and 0.4 million shares of common stock related to the vesting of RSUs during the three months ended March 31, 2020 and 2019, respectively. As of March 31, 2020, approximately 1.7 million shares of common stock remained available for issuance under the Amended 2017 Incentive Plan. On November 27, 2019, we entered into a Distribution Agreement with J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., and Fifth Third Securities, Inc. (which we refer to as the “Distribution Agreement”), 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, in accordance with the terms and conditions set forth in the Distribution Agreement. This Distribution Agreement, which superseded and replaced a prior similar Distribution Agreement, had all $ 100 million available for sale as of March 31, 2020. We did no t sell or issue any shares of our common stock during the three months ended March 31, 2020 or the three months ended March 31, 2019. 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 . In November 2018, we authorized a stock repurchase program, under which we may repurchase up to 4,500,000 shares of our outstanding common stock. During the three months ended March 31, 2020 we did no t repurchase any shares of common stock while during the three months ended March 31, 2019, we repurchased 83,000 shares of common stock under this program for approximately $ 1.4 million.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	14. Earnings Per Share We use the treasury stock method to calculate earnings per share as our currently issued non-vested RSUs and PSUs do not have participating rights. The following table sets forth the computation of basic and diluted EPS for the three months ended March 31, 2020 and 2019 (in thousands, except share and per share information): Three Months Ended March 31, 2020 2019 Numerator Net income $ 26,126 $ 17,117 Denominator Weighted average common shares outstanding - basic 33,207,928 30,203,243 Dilutive effect of restricted stock units 268,516 241,033 Weighted average common shares outstanding - diluted 33,476,444 30,444,276 Earnings per share: Basic $ 0.79 $ 0.57 Diluted $ 0.78 $ 0.56 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 and 0.3 million common unit equivalents from diluted earnings per share during the three months ended March 31, 2020 and 2019, respectively, related to the PSUs for which performance conditions remain unsatisfied.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies [Abstract]
Commitments and Contingencies	15. Commitments and Contingencies Letters of Credit and Performance Bonds In the normal course of business, we post letters of credit and performance bonds related to our land development performance obligations with local municipalities. As of March 31, 2020, and December 31, 2019, we had $ 343.7 million and $ 344.1 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. We do not believe that the ultimate resolution of any claims and lawsuits will have a material adverse effect upon our consolidated financial position, results of operations, or cash flows.

Supplemental Guarantor Informat

Supplemental Guarantor Information	3 Months Ended
	Mar. 31, 2020
Supplemental Guarantor Information [Abstract]
Supplemental Guarantor Information	16. 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 March 31, 2020 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Assets Cash and cash equivalents $ 401,069 6,404 43,500 — $ 450,973 Cash held in escrow — 22,497 — — 22,497 Accounts receivable 8,000 13,684 19,003 ( 17,600 ) 23,087 Investment in consolidated subsidiaries 2,097,867 — — ( 2,097,867 ) — Inventories — 2,074,509 — — 2,074,509 Mortgage loans held for sale — — 141,846 — 141,846 Prepaid expenses and other assets 9,449 95,096 16,472 — 121,017 Deferred tax assets, net 11,110 — — — 11,110 Property and equipment, net 15,240 18,595 1,169 — 35,004 Goodwill — 30,395 — — 30,395 Total assets $ 2,542,735 $ 2,261,180 $ 221,990 $ ( 2,115,467 ) $ 2,910,438 Liabilities and stockholders’ equity Liabilities: Accounts payable $ 588 38,963 619 — $ 40,170 Accrued expenses and other liabilities 44,919 189,848 13,708 ( 17,600 ) 230,875 Notes payable 890,795 8,371 — — 899,166 Revolving line of credit 521,900 — — — 521,900 Mortgage repurchase facilities — — 133,794 — 133,794 Total liabilities 1,458,202 237,182 148,121 ( 17,600 ) 1,825,905 Stockholders’ equity: 1,084,533 2,023,998 73,869 ( 2,097,867 ) 1,084,533 Total liabilities and stockholders’ equity $ 2,542,735 $ 2,261,180 $ 221,990 $ ( 2,115,467 ) $ 2,910,438 Supplemental Condensed Consolidated Balance Sheet As of December 31, 2019 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Assets Cash and cash equivalents $ 1,577 — 53,859 — $ 55,436 Cash held in escrow — 35,308 — — 35,308 Accounts receivable 15,363 12,327 ( 252 ) — 27,438 Investment in consolidated subsidiaries 1,996,703 — — ( 1,996,703 ) — Inventories — 1,995,549 — — 1,995,549 Mortgage loans held for sale — — 185,246 — 185,246 Prepaid expenses and other assets 9,539 101,321 13,148 — 124,008 Deferred tax assets, net 10,589 — — — 10,589 Property and equipment, net 15,256 19,614 1,128 — 35,998 Goodwill — 30,395 — — 30,395 Total assets $ 2,049,027 $ 2,194,514 $ 253,129 $ ( 1,996,703 ) $ 2,499,967 Liabilities and stockholders’ equity Liabilities: Accounts payable $ ( 13 ) 83,853 954 — $ 84,794 Accrued expenses and other liabilities 28,214 173,403 12,358 — 213,975 Notes payable 890,427 6,277 — — 896,704 Revolving line of credit 68,700 — — — 68,700 Mortgage repurchase facilities — — 174,095 — 174,095 Total liabilities 987,328 263,533 187,407 — 1,438,268 Stockholders’ equity: 1,061,699 1,930,981 65,722 ( 1,996,703 ) 1,061,699 Total liabilities and stockholders’ equity $ 2,049,027 $ 2,194,514 $ 253,129 $ ( 1,996,703 ) $ 2,499,967 Supplemental Condensed Consolidated Statement of Operations For the Three Months Ended March 31, 2020 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries CCS Revenues Homebuilding revenues Home sales revenues $ — $ 572,710 $ — $ — $ 572,710 Land sales and other revenues — 20,104 — — 20,104 Total homebuilding revenues — 592,814 — — 592,814 Financial services revenue — — 9,795 — 9,795 Total revenues — 592,814 9,795 — 602,609 Homebuilding cost of revenues Cost of home sales revenues — ( 470,526 ) — — ( 470,526 ) Cost of land sales and other revenues — ( 14,167 ) — — ( 14,167 ) Total homebuilding cost of revenues — ( 484,693 ) — — ( 484,693 ) Financial services costs — — ( 9,586 ) — ( 9,586 ) Selling, general and administrative ( 13,475 ) ( 60,144 ) — — ( 73,619 ) Inventory impairment — ( 781 ) — — ( 781 ) Equity in earnings from consolidated subsidiaries 35,428 — — ( 35,428 ) — Other income (expense) 326 ( 304 ) 136 — 158 Income before income tax expense 22,279 46,892 345 ( 35,428 ) 34,088 Income tax expense 3,847 ( 11,723 ) ( 86 ) — ( 7,962 ) Net income $ 26,126 $ 35,169 $ 259 $ ( 35,428 ) $ 26,126 Supplemental Condensed Consolidated Statement of Operations For the Three Months Ended March 31, 2019 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Revenues Homebuilding revenues Home sales revenues $ — $ 523,302 $ — $ — $ 523,302 Land sales and other revenues — 1,355 — — 1,355 Total homebuilding revenues — 524,657 — — 524,657 Financial services revenue — — 8,400 — 8,400 Total revenues — 524,657 8,400 — 533,057 Homebuilding cost of revenues Cost of home sales revenues — ( 433,757 ) — — ( 433,757 ) Cost of land sales and other revenues — ( 614 ) — — ( 614 ) Total homebuilding cost of revenues — ( 434,371 ) — — ( 434,371 ) Financial services costs — — ( 6,829 ) — ( 6,829 ) Selling, general and administrative ( 18,655 ) ( 50,281 ) — — ( 68,936 ) Equity in earnings from consolidated subsidiaries 31,163 — — ( 31,163 ) — Other income (expense) 101 ( 45 ) 20 — 76 Income before income tax expense 12,609 39,960 1,591 ( 31,163 ) 22,997 Income tax expense 4,508 ( 9,990 ) ( 398 ) — ( 5,880 ) Net income $ 17,117 $ 29,970 $ 1,193 $ ( 31,163 ) $ 17,117 Supplemental Condensed Consolidated Statement of Cash Flows For the Three Months Ended March 31, 2020 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Net cash provided by/(used in) operating activities $ ( 652 ) $ ( 33,043 ) $ 21,319 $ — $ ( 12,376 ) Net cash provided by/(used in) investing activities $ ( 48,079 ) $ ( 1,670 ) $ ( 146 ) $ 47,268 $ ( 2,627 ) Financing activities Borrowings under revolving credit facilities $ 678,000 — — — $ 678,000 Payments on revolving credit facilities ( 224,800 ) — — — ( 224,800 ) Principal payments on notes payable — ( 2,043 ) — — ( 2,043 ) Proceeds from insurance notes payable — 4,137 — — 4,137 Net proceeds from mortgage repurchase facilities — — ( 40,302 ) — ( 40,302 ) Repurchases of common stock upon vesting of stock-based compensation ( 4,977 ) — — — ( 4,977 ) Repurchases of common stock under our stock repurchase program — — — — — Payments from (and advances to) parent/subsidiary — 39,379 7,889 ( 47,268 ) — Net cash provided by/(used in) financing activities $ 448,223 $ 41,473 $ ( 32,413 ) $ ( 47,268 ) $ 410,015 Net increase (decrease) $ 399,492 $ 6,760 $ ( 11,240 ) $ — $ 395,012 Cash and cash equivalents and restricted cash Beginning of period $ 1,577 341 56,604 — $ 58,522 End of period $ 401,069 $ 7,101 $ 45,364 $ — $ 453,534 Cash and cash equivalents $ 401,069 6,404 43,500 — $ 450,973 Restricted Cash — 697 1,864 — 2,561 Cash and cash equivalents and Restricted cash $ 401,069 $ 7,101 $ 45,364 $ — $ 453,534 Supplemental Condensed Consolidated Statement of Cash Flows For the Three Months Ended March 31, 2019 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Net cash provided by/(used in) operating activities $ ( 36,731 ) $ ( 36,216 ) $ 13,547 $ — $ ( 59,400 ) Net cash provided by/(used in) investing activities ( 44,704 ) $ ( 2,031 ) $ 67 $ 43,384 $ ( 3,284 ) Financing activities — Borrowings under revolving credit facilities $ 288,800 — — — $ 288,800 Payments on revolving credit facilities ( 204,300 ) — — — ( 204,300 ) Principal payments on notes payable — ( 7,716 ) — — ( 7,716 ) Proceeds from insurance notes payable — 9,301 — — 9,301 Net proceeds from mortgage repurchase facilities — — ( 13,689 ) — ( 13,689 ) Repurchases of common stock upon vesting of stock-based compensation ( 3,166 ) — — — ( 3,166 ) Repurchases of common stock under our stock repurchase program ( 1,439 ) — — — ( 1,439 ) Payments from (and advances to) parent/subsidiary — 36,890 6,494 ( 43,384 ) — Net cash provided by/(used in) financing activities $ 79,895 $ 38,475 $ ( 7,195 ) $ ( 43,384 ) $ 67,791 Net increase (decrease) $ ( 1,540 ) $ 228 $ 6,419 $ — $ 5,107 Cash and cash equivalents and restricted cash Beginning of period $ 2,183 4,006 30,252 — $ 36,441 End of period $ 643 $ 4,234 $ 36,671 $ — $ 41,548 Cash and cash equivalents $ 643 2,596 34,876 — $ 38,115 Restricted Cash — 1,638 1,795 — 3,433 Cash and cash equivalents and Restricted cash $ 643 $ 4,234 $ 36,671 $ — $ 41,548

Basis of Presentation (Policy)

Basis of Presentation (Policy)	3 Months Ended
	Mar. 31, 2020
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 metropolitan areas in 17 states. 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 Century Complete 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 Century Complete brand, formerly referred to as Wade Jurney Homes, targets first time homebuyers, primarily sells homes through retail studios and the internet, and provides no option or upgrade selections. On February 6, 2020 we announced the rebranding of Wade Jurney Homes to Century Complete. Our homebuilding operations are organized into the following five reportable segments: West, Mountain, Texas, Southeast, and Century Complete. 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 homebuyers have been identified as our Financial Services segment . The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (which we refer to as “GAAP”) for interim financial statements and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (which we refer to as the “SEC”). In the o pinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments consisting of normal recurring adjustments necessary for a fair presentation of 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, 2019, which are included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019 that was filed with the SEC on February 7, 2020. The recent outbreak of the novel coronavirus COVID-19, which was declared a pandemic by the World Health Organization on March 11, 2020, has led to adverse impacts on the U.S. and global economies and created uncertainty regarding potential impacts to our operations and customer demand. Through late April, there is still significant uncertainty regarding the duration and severity of the disruption caused by this pandemic. Commencing in March 2020 numerous state and local municipalities issued public health orders with varying expiration dates requiring the closure of nonessential businesses, as well as ordering individuals to stay at home and/or shelter in place whenever possible. General exceptions to shelter in place orders are essential services and critical businesses. As of the date of this filing, other than the state of Michigan and certain municipalities within the Bay Area market of Northern California, construction and sale of residential real estate has been determined to be an essential business, and accordingly our operations have been generally exempted from these applicable health orders.
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 Financial Instruments - Credit Losses In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326) . The standard changes the accounting for credit losses for most financial assets and certain other instruments. Credit losses which have historically been accounted for on an incurred loss basis will now be accounted for using an estimate of lifetime expected credit losses. This will generally result in earlier recognition of allowances for credit losses. We adopted this standard on January 1, 2020 with no material effect on the consolidated financial statements and related disclosures. Internal-Use Software In August 2018, the FASB issued ASU 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force) . This update is intended to help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement by providing guidance for determining when the arrangement includes a software license. We adopted this standard on January 1, 2020 with no material effect on the consolidated financial statements and related disclosures. Recently Issued Accounting Standards In December 2019, the FASB issued Accounting Standards Update No. 2019-12, “ Income Taxes (Topic 740) : Simplifying the Accounting for Income Taxes” (“ASU 2019-12”). The standard simplifies the accounting for income taxes, eliminates certain exceptions, and clarifies certain aspects of ASC 740 to promote consistency among reporting entities. ASU 2019-12 is effective for us beginning January 1, 2021. We do not expect this standard to have a material effect on the consolidated financial statements and related disclosures.

Reporting Segments (Tables)

Reporting Segments (Tables)	3 Months Ended
	Mar. 31, 2020
Reporting Segments [Abstract]
Schedule Of Total Revenue And Pretax Income By Segment	Three Months Ended March 31, 2020 2019 Revenue: West $ 131,887 $ 112,120 Mountain 171,152 159,666 Texas 60,164 50,486 Southeast 131,502 112,812 Century Complete 98,109 89,573 Financial Services 9,795 8,400 Corporate — — Total revenue $ 602,609 $ 533,057 Income (loss) before income tax expense: West $ 15,341 $ 8,648 Mountain 18,498 19,308 Texas 5,484 3,749 Southeast 8,308 5,739 Century Complete 780 3,973 Financial Services 209 1,590 Corporate ( 14,532 ) ( 20,010 ) Total income before income tax expense $ 34,088 $ 22,997
Schedule Of Total Assets By Segment	March 31, December 31, 2020 2019 West $ 634,491 $ 610,248 Mountain 707,925 635,201 Texas 233,247 232,887 Southeast 425,309 441,818 Century Complete 233,394 244,827 Financial Services 223,109 254,282 Corporate 452,963 80,704 Total assets $ 2,910,438 $ 2,499,967

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2020
Inventories [Abstract]
Schedule Of Inventories	March 31, December 31, 2020 2019 Homes under construction $ 1,119,989 $ 1,091,576 Land and land development 883,683 836,904 Capitalized interest 70,837 67,069 Total inventories $ 2,074,509 $ 1,995,549

Prepaid Expenses and Other As_2

Prepaid Expenses and Other Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Prepaid Expenses and Other Assets [Abstract]
Schedule Of Prepaid Expenses And Other Assets	March 31, December 31, 2020 2019 Prepaid insurance $ 27,497 $ 26,175 Lot option and escrow deposits 43,637 48,810 Right of use assets 17,538 18,854 Performance deposits 5,776 6,299 Deferred financing costs revolving line of credit, net 4,231 4,574 Restricted cash (1) 2,561 3,085 Secured notes receivable 2,571 2,602 Other assets and prepaid expenses 7,714 8,633 Mortgage loans held for investment and derivative assets 9,349 4,768 Amortizable intangible assets, net 143 208 Total prepaid expenses and other assets $ 121,017 $ 124,008 (1) Restricted cash consists of earnest money deposits for home sale contracts held by third parties as required by various jurisdictions, and certain pledge balances associated with our mortgage repurchase facilities.

Accrued Expenses and Other Li_2

Accrued Expenses and Other Liabilities (Tables)	3 Months Ended
	Mar. 31, 2020
Accrued Expenses and Other Liabilities [Abstract]
Schedule Of Accrued Expenses And Other Liabilities	March 31, December 31, 2020 2019 Earnest money deposits $ 15,898 $ 10,592 Warranty reserve 9,727 9,731 Accrued compensation costs 16,322 30,888 Land development and home construction accruals 126,930 110,284 Lease liabilities - operating leases 18,065 19,306 Accrued interest 17,323 14,562 Income taxes payable 2,453 329 Liability for product financing arrangement and other 24,157 18,283 Total accrued expenses and other liabilities $ 230,875 $ 213,975

Warranties (Tables)

Warranties (Tables)	3 Months Ended
	Mar. 31, 2020
Warranties [Abstract]
Schedule Of Changes In Warranty Accrual	Three Months Ended March 31, 2020 2019 Beginning balance $ 9,731 $ 7,970 Warranty expense provisions 1,777 1,661 Payments ( 689 ) ( 1,020 ) Warranty adjustment ( 1,092 ) 22 Ending balance $ 9,727 $ 8,633

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt [Abstract]
Schedule Of Outstanding Debt Obligations	March 31, December 31, 2020 2019 6.750 % senior notes, due May 2027 (1) $ 494,499 $ 494,307 5.875 % senior notes, due July 2025 (1) 396,296 396,120 Other financing obligations 8,371 6,277 Notes payable 899,166 896,704 Revolving line of credit, due April 2023 521,900 68,700 Mortgage repurchase facilities 133,794 174,095 Total debt $ 1,554,860 $ 1,139,499 (1) The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes.

Interest (Tables)

Interest (Tables)	3 Months Ended
	Mar. 31, 2020
Interest [Abstract]
Schedule Of Capitalized Interest Costs	Three Months Ended March 31, 2020 2019 Interest capitalized beginning of period $ 67,069 $ 53,842 Interest capitalized during period 17,453 17,866 Less: capitalized interest in cost of sales ( 13,685 ) ( 12,587 ) Interest capitalized end of period $ 70,837 $ 59,121

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments	March 31, 2020 December 31, 2019 Hierarchy Carrying Fair Value Carrying Fair Value Secured notes receivable (1) Level 2 $ 2,571 $ 2,522 $ 2,602 $ 2,545 Mortgage loans held for sale (2) Level 2 $ 141,846 $ 141,846 $ 185,246 $ 185,246 Derivative assets (3) Level 2 $ 2,962 $ 2,962 $ 1,382 $ 1,382 5.875 % senior notes (4)(5) Level 2 $ 396,296 $ 335,520 $ 396,120 $ 415,680 6.750 % senior notes (4)(5) Level 2 $ 494,499 $ 414,700 $ 494,307 $ 537,500 Revolving line of credit (6) Level 3 $ 521,900 $ 521,900 $ 68,700 $ 68,700 Other financing obligations (6)(7) Level 2 $ 8,371 $ 8,371 $ 6,277 $ 6,277 Derivative liabilities (3) Level 2 $ 3,159 $ 3,159 $ 147 $ 147 Mortgage repurchase facilities (6) Level 2 $ 133,794 $ 133,794 $ 174,095 $ 174,095 (1) Estimated fair value of the secured notes receivable was based on cash flow models discounted at market interest rates which considered the underlying risks of the note. (2) The mortgage loans held for sale are carried at fair value, which is based on quoted market prices for committed mortgage loans. (3) Derivative instruments are carried at fair value and based on market prices for similar instruments. Changes in fair value are reflected in financial services revenue on the condensed consolidated statement of operations. Derivative assets are presented within prepaid expenses and other assets on the condensed consolidated balance sheets. Derivative liabilities are presented within accrued expenses and other liabilities on the condensed consolidated balance sheets. (4) Estimated fair value of the senior notes is based on recent trading activity in inactive markets. (5) Carrying amounts include any associated unamortized deferred financing costs, premiums and discounts. As of March 31, 2020, these amounts totaled $ 5.5 million and $ 3.7 million for the 6.750 % senior notes and 5.875 % senior notes, respectively. As of December 31, 2019, these amounts totaled $ 5.7 million and $ 3.9 million for the 6.875 % senior notes and 5.875 % senior notes, respectively. (6) Carrying amount approximates fair value due to short-term nature and interest rate terms. (7) Insurance premium notes including in other financing obligations bore interest rates ranging from 3.278 % to 3.240 % during the periods ending March 31, 2020 and December 31, 2019.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Stock-Based Compensation [Abstract]
Summary Of Outstanding RSUs, PSUs And RSAs	As of March 31, 2020 Unvested units 814 Unrecognized compensation cost $ 13,823 Period to recognize compensation cost 1.39 years

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share, Basic And Diluted	Three Months Ended March 31, 2020 2019 Numerator Net income $ 26,126 $ 17,117 Denominator Weighted average common shares outstanding - basic 33,207,928 30,203,243 Dilutive effect of restricted stock units 268,516 241,033 Weighted average common shares outstanding - diluted 33,476,444 30,444,276 Earnings per share: Basic $ 0.79 $ 0.57 Diluted $ 0.78 $ 0.56

Supplemental Guarantor Inform_2

Supplemental Guarantor Information (Tables)	3 Months Ended
	Mar. 31, 2020
Supplemental Guarantor Information [Abstract]
Supplemental Condensed Consolidated Balance Sheet	Supplemental Condensed Consolidated Balance Sheet As of March 31, 2020 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Assets Cash and cash equivalents $ 401,069 6,404 43,500 — $ 450,973 Cash held in escrow — 22,497 — — 22,497 Accounts receivable 8,000 13,684 19,003 ( 17,600 ) 23,087 Investment in consolidated subsidiaries 2,097,867 — — ( 2,097,867 ) — Inventories — 2,074,509 — — 2,074,509 Mortgage loans held for sale — — 141,846 — 141,846 Prepaid expenses and other assets 9,449 95,096 16,472 — 121,017 Deferred tax assets, net 11,110 — — — 11,110 Property and equipment, net 15,240 18,595 1,169 — 35,004 Goodwill — 30,395 — — 30,395 Total assets $ 2,542,735 $ 2,261,180 $ 221,990 $ ( 2,115,467 ) $ 2,910,438 Liabilities and stockholders’ equity Liabilities: Accounts payable $ 588 38,963 619 — $ 40,170 Accrued expenses and other liabilities 44,919 189,848 13,708 ( 17,600 ) 230,875 Notes payable 890,795 8,371 — — 899,166 Revolving line of credit 521,900 — — — 521,900 Mortgage repurchase facilities — — 133,794 — 133,794 Total liabilities 1,458,202 237,182 148,121 ( 17,600 ) 1,825,905 Stockholders’ equity: 1,084,533 2,023,998 73,869 ( 2,097,867 ) 1,084,533 Total liabilities and stockholders’ equity $ 2,542,735 $ 2,261,180 $ 221,990 $ ( 2,115,467 ) $ 2,910,438 Supplemental Condensed Consolidated Balance Sheet As of December 31, 2019 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Assets Cash and cash equivalents $ 1,577 — 53,859 — $ 55,436 Cash held in escrow — 35,308 — — 35,308 Accounts receivable 15,363 12,327 ( 252 ) — 27,438 Investment in consolidated subsidiaries 1,996,703 — — ( 1,996,703 ) — Inventories — 1,995,549 — — 1,995,549 Mortgage loans held for sale — — 185,246 — 185,246 Prepaid expenses and other assets 9,539 101,321 13,148 — 124,008 Deferred tax assets, net 10,589 — — — 10,589 Property and equipment, net 15,256 19,614 1,128 — 35,998 Goodwill — 30,395 — — 30,395 Total assets $ 2,049,027 $ 2,194,514 $ 253,129 $ ( 1,996,703 ) $ 2,499,967 Liabilities and stockholders’ equity Liabilities: Accounts payable $ ( 13 ) 83,853 954 — $ 84,794 Accrued expenses and other liabilities 28,214 173,403 12,358 — 213,975 Notes payable 890,427 6,277 — — 896,704 Revolving line of credit 68,700 — — — 68,700 Mortgage repurchase facilities — — 174,095 — 174,095 Total liabilities 987,328 263,533 187,407 — 1,438,268 Stockholders’ equity: 1,061,699 1,930,981 65,722 ( 1,996,703 ) 1,061,699 Total liabilities and stockholders’ equity $ 2,049,027 $ 2,194,514 $ 253,129 $ ( 1,996,703 ) $ 2,499,967
Supplemental Condensed Consolidated Statement Of Operations	Supplemental Condensed Consolidated Statement of Operations For the Three Months Ended March 31, 2020 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries CCS Revenues Homebuilding revenues Home sales revenues $ — $ 572,710 $ — $ — $ 572,710 Land sales and other revenues — 20,104 — — 20,104 Total homebuilding revenues — 592,814 — — 592,814 Financial services revenue — — 9,795 — 9,795 Total revenues — 592,814 9,795 — 602,609 Homebuilding cost of revenues Cost of home sales revenues — ( 470,526 ) — — ( 470,526 ) Cost of land sales and other revenues — ( 14,167 ) — — ( 14,167 ) Total homebuilding cost of revenues — ( 484,693 ) — — ( 484,693 ) Financial services costs — — ( 9,586 ) — ( 9,586 ) Selling, general and administrative ( 13,475 ) ( 60,144 ) — — ( 73,619 ) Inventory impairment — ( 781 ) — — ( 781 ) Equity in earnings from consolidated subsidiaries 35,428 — — ( 35,428 ) — Other income (expense) 326 ( 304 ) 136 — 158 Income before income tax expense 22,279 46,892 345 ( 35,428 ) 34,088 Income tax expense 3,847 ( 11,723 ) ( 86 ) — ( 7,962 ) Net income $ 26,126 $ 35,169 $ 259 $ ( 35,428 ) $ 26,126 Supplemental Condensed Consolidated Statement of Operations For the Three Months Ended March 31, 2019 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Revenues Homebuilding revenues Home sales revenues $ — $ 523,302 $ — $ — $ 523,302 Land sales and other revenues — 1,355 — — 1,355 Total homebuilding revenues — 524,657 — — 524,657 Financial services revenue — — 8,400 — 8,400 Total revenues — 524,657 8,400 — 533,057 Homebuilding cost of revenues Cost of home sales revenues — ( 433,757 ) — — ( 433,757 ) Cost of land sales and other revenues — ( 614 ) — — ( 614 ) Total homebuilding cost of revenues — ( 434,371 ) — — ( 434,371 ) Financial services costs — — ( 6,829 ) — ( 6,829 ) Selling, general and administrative ( 18,655 ) ( 50,281 ) — — ( 68,936 ) Equity in earnings from consolidated subsidiaries 31,163 — — ( 31,163 ) — Other income (expense) 101 ( 45 ) 20 — 76 Income before income tax expense 12,609 39,960 1,591 ( 31,163 ) 22,997 Income tax expense 4,508 ( 9,990 ) ( 398 ) — ( 5,880 ) Net income $ 17,117 $ 29,970 $ 1,193 $ ( 31,163 ) $ 17,117
Supplemental Condensed Consolidated Statement Of Cash Flows	Supplemental Condensed Consolidated Statement of Cash Flows For the Three Months Ended March 31, 2020 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Net cash provided by/(used in) operating activities $ ( 652 ) $ ( 33,043 ) $ 21,319 $ — $ ( 12,376 ) Net cash provided by/(used in) investing activities $ ( 48,079 ) $ ( 1,670 ) $ ( 146 ) $ 47,268 $ ( 2,627 ) Financing activities Borrowings under revolving credit facilities $ 678,000 — — — $ 678,000 Payments on revolving credit facilities ( 224,800 ) — — — ( 224,800 ) Principal payments on notes payable — ( 2,043 ) — — ( 2,043 ) Proceeds from insurance notes payable — 4,137 — — 4,137 Net proceeds from mortgage repurchase facilities — — ( 40,302 ) — ( 40,302 ) Repurchases of common stock upon vesting of stock-based compensation ( 4,977 ) — — — ( 4,977 ) Repurchases of common stock under our stock repurchase program — — — — — Payments from (and advances to) parent/subsidiary — 39,379 7,889 ( 47,268 ) — Net cash provided by/(used in) financing activities $ 448,223 $ 41,473 $ ( 32,413 ) $ ( 47,268 ) $ 410,015 Net increase (decrease) $ 399,492 $ 6,760 $ ( 11,240 ) $ — $ 395,012 Cash and cash equivalents and restricted cash Beginning of period $ 1,577 341 56,604 — $ 58,522 End of period $ 401,069 $ 7,101 $ 45,364 $ — $ 453,534 Cash and cash equivalents $ 401,069 6,404 43,500 — $ 450,973 Restricted Cash — 697 1,864 — 2,561 Cash and cash equivalents and Restricted cash $ 401,069 $ 7,101 $ 45,364 $ — $ 453,534 Supplemental Condensed Consolidated Statement of Cash Flows For the Three Months Ended March 31, 2019 ( in thousands ) Guarantor Non Guarantor Elimination Consolidated Century Subsidiaries Subsidiaries Entries Century Net cash provided by/(used in) operating activities $ ( 36,731 ) $ ( 36,216 ) $ 13,547 $ — $ ( 59,400 ) Net cash provided by/(used in) investing activities ( 44,704 ) $ ( 2,031 ) $ 67 $ 43,384 $ ( 3,284 ) Financing activities — Borrowings under revolving credit facilities $ 288,800 — — — $ 288,800 Payments on revolving credit facilities ( 204,300 ) — — — ( 204,300 ) Principal payments on notes payable — ( 7,716 ) — — ( 7,716 ) Proceeds from insurance notes payable — 9,301 — — 9,301 Net proceeds from mortgage repurchase facilities — — ( 13,689 ) — ( 13,689 ) Repurchases of common stock upon vesting of stock-based compensation ( 3,166 ) — — — ( 3,166 ) Repurchases of common stock under our stock repurchase program ( 1,439 ) — — — ( 1,439 ) Payments from (and advances to) parent/subsidiary — 36,890 6,494 ( 43,384 ) — Net cash provided by/(used in) financing activities $ 79,895 $ 38,475 $ ( 7,195 ) $ ( 43,384 ) $ 67,791 Net increase (decrease) $ ( 1,540 ) $ 228 $ 6,419 $ — $ 5,107 Cash and cash equivalents and restricted cash Beginning of period $ 2,183 4,006 30,252 — $ 36,441 End of period $ 643 $ 4,234 $ 36,671 $ — $ 41,548 Cash and cash equivalents $ 643 2,596 34,876 — $ 38,115 Restricted Cash — 1,638 1,795 — 3,433 Cash and cash equivalents and Restricted cash $ 643 $ 4,234 $ 36,671 $ — $ 41,548

Basis of Presentation (Narrativ

Basis of Presentation (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)statesegment	Dec. 31, 2019USD ($)
Basis of Presentation [Abstract]
Number of operating states | state	17
Number of operating segments | segment	5
Right of use asset	$ 17,538	$ 18,854
Lease liabilities - operating leases	$ 18,065	$ 19,306

Reporting Segments (Narrative)

Reporting Segments (Narrative) (Details)	3 Months Ended
	Mar. 31, 2020regionstatesegment
Segment Reporting Information [Line Items]
Number of operating states	17
Number of reportable segments | segment	5
Century Complete [Member]
Segment Reporting Information [Line Items]
Number of operating states	11
Number of operating regions | region	4

Reporting Segments (Schedule Of

Reporting Segments (Schedule Of Total Revenue And Pretax Income By Segment) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Total revenue	$ 602,609	$ 533,057
Total income (loss) before income tax expense	34,088	22,997
West [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	131,887	112,120
Total income (loss) before income tax expense	15,341	8,648
Mountain [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	171,152	159,666
Total income (loss) before income tax expense	18,498	19,308
Texas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	60,164	50,486
Total income (loss) before income tax expense	5,484	3,749
Southeast [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	131,502	112,812
Total income (loss) before income tax expense	8,308	5,739
Century Complete [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	98,109	89,573
Total income (loss) before income tax expense	780	3,973
Financial Services [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	9,795	8,400
Total income (loss) before income tax expense	209	1,590
Corporate [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total income (loss) before income tax expense	$ (14,532)	$ (20,010)

Reporting Segments (Schedule _2

Reporting Segments (Schedule Of Total Assets By Segment) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Total assets	$ 2,910,438	$ 2,499,967
West [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	634,491	610,248
Mountain [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	707,925	635,201
Texas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	233,247	232,887
Southeast [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	425,309	441,818
Century Complete [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	233,394	244,827
Financial Services [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	223,109	254,282
Corporate [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	$ 452,963	$ 80,704

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Inventories [Abstract]
Homes under construction	$ 1,119,989	$ 1,091,576
Land and land development	883,683	836,904
Capitalized interest	70,837	67,069	$ 59,121	$ 53,842
Total inventories	$ 2,074,509	$ 1,995,549

Financial Services (Narrative)

Financial Services (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Financial Services [Line Items]
Mortgage loans in process	$ 125,000	$ 37,600
Mortgage loans held for sale	$ 141,846	$ 185,246
Weighted Average [Member]
Financial Services [Line Items]
Interest rate	3.40%	3.90%
Inspire [Member]
Financial Services [Line Items]
Mortgage loans held for sale	$ 141,800	$ 185,200
Mortgage loans held for sale aggregate outstanding principal balance	$ 137,800	$ 179,300

Prepaid Expenses and Other As_3

Prepaid Expenses and Other Assets (Schedule Of Prepaid Expenses And Other Assets) (Details) - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019
Prepaid Expenses and Other Assets [Abstract]
Prepaid insurance		$ 27,497	$ 26,175
Lot option and escrow deposits		43,637	48,810
Right of use assets		17,538	18,854
Performance deposits		5,776	6,299
Deferred financing costs revolving line of credit, net		4,231	4,574
Restricted cash	[1]	2,561	3,085
Secured notes receivable		2,571	2,602
Other assets and prepaid expenses		7,714	8,633
Mortgage loans held for investment and derivative assets		9,349	4,768
Amortizable intangible assets, net		143	208
Total prepaid expenses and other assets		$ 121,017	$ 124,008
[1]	Restricted cash consists of earnest money deposits for home sale contracts held by third parties as required by various jurisdictions, and certain pledge balances associated with our mortgage repurchase facilities.

Accrued Expenses and Other Li_3

Accrued Expenses and Other Liabilities (Schedule Of Accrued Expenses And Other Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Accrued Expenses and Other Liabilities [Abstract]
Earnest money deposits	$ 15,898	$ 10,592
Warranty reserve	9,727	9,731	$ 8,633	$ 7,970
Accrued compensation costs	16,322	30,888
Land development and home construction accruals	126,930	110,284
Lease liabilities - operating leases	18,065	19,306
Accrued interest	17,323	14,562
Income taxes payable	2,453	329
Liability for product financing arrangement and other	24,157	18,283
Total accrued expenses and other liabilities	$ 230,875	$ 213,975

Warranties (Narrative) (Details

Warranties (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Warranties [Abstract]
Warranty adjustment	$ (1,092)	$ 22

Warranties (Schedule Of Changes

Warranties (Schedule Of Changes In Warranty Accrual) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Warranties [Abstract]
Beginning balance	$ 9,731	$ 7,970
Warranty expense provisions	1,777	1,661
Payments	(689)	(1,020)
Warranty adjustment	(1,092)	22
Ending balance	$ 9,727	$ 8,633

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	Dec. 13, 2019	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Debt Instrument [Line Items]
Line of credit facility, outstanding amount		$ 521,900,000		$ 68,700,000
Mortgage repurchase facilities		133,794,000		$ 174,095,000
Base Rate [Member] | Minimum | Texas Capital Bank [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.60%
Base Rate [Member] | Maximum | 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] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maturity date	Apr. 30, 2023
Line of credit facility. maximum borrowing capacity	$ 640,000,000
Line of credit facility, outstanding amount		521,900,000
Amended And Restated Credit Agreement [Member] | Eurodollar Rate [Member] | Minimum | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.60%
Amended And Restated Credit Agreement [Member] | Eurodollar Rate [Member] | Maximum | Texas Capital Bank [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	3.10%
Mortgage Repurchase Facilities - Financial Services [Member]
Debt Instrument [Line Items]
Mortgage repurchase facilities		133,800,000
Incurred interest expense		700,000	$ 600,000
Mortgage Repurchase Facilities - Financial Services [Member] | Maximum | Inspire [Member]
Debt Instrument [Line Items]
Principal amount		$ 225,000,000

Debt (Schedule Of Outstanding D

Debt (Schedule Of Outstanding Debt Obligations) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Notes payable		$ 899,166	$ 896,704
Revolving line of credit		521,900	68,700
Mortgage repurchase facilities		133,794	174,095
Total debt		1,554,860	1,139,499
Senior Notes 6.750% Due May 2027 [Member]
Debt Instrument [Line Items]
Notes payable	[1]	$ 494,499	494,307
Interest rate		6.75%
Maturity date		2027-05
Senior Notes 5.875% Due July 2025 [Member]
Debt Instrument [Line Items]
Notes payable	[1]	$ 396,296	396,120
Interest rate		5.875%
Maturity date		2025-07
Other Financing Obligations [Member]
Debt Instrument [Line Items]
Notes payable		$ 8,371	6,277
Mortgage Repurchase Facilities [Member]
Debt Instrument [Line Items]
Mortgage repurchase facilities		133,794	174,095
Revolving Line Of Credit Due April 2023 [Member]
Debt Instrument [Line Items]
Revolving line of credit		$ 521,900	$ 68,700
Maturity date		2023-04
[1]	The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes.

Interest (Schedule Of Capitaliz

Interest (Schedule Of Capitalized Interest Costs) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest [Abstract]
Interest capitalized beginning of period	$ 67,069	$ 53,842
Interest capitalized during period	17,453	17,866
Less: capitalized interest in cost of sales	(13,685)	(12,587)
Interest capitalized end of period	$ 70,837	$ 59,121

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Income Taxes [Abstract]
Effective tax rate	23.70%		23.70%
Blended federal and state statutary rate			25.40%
Increased to effective tax rate			1.70%
Percentage of decrease related to rate impacted by discrete items	0.30%
Income tax expense	$ 7,962	$ 5,880

Fair Value Disclosures (Narrati

Fair Value Disclosures (Narrative) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Inventory impairment charge	$ 0.8
Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Inventory carrying value before impairment	2.3
Fair Value [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Inventory fair value	$ 1.5

Fair Value Disclosures (Schedul

Fair Value Disclosures (Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments) (Details) - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage loans held for sale		$ 141,846	$ 185,246
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		$ 3,700	$ 3,900
Interest rate		5.875%	5.875%
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		$ 5,500
Interest rate		6.75%
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			$ 5,700
Interest rate			6.875%
Level 2 [Member] | Senior Notes 5.875% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate		5.875%
Level 2 [Member] | Senior Notes 6.750% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate		6.75%
Level 2 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured notes receivable	[1]	$ 2,571	$ 2,602
Mortgage loans held for sale	[2]	141,846	185,246
Derivative assets	[3]	2,962	1,382
Other financing obligations	[4],[5]	8,371	6,277
Derivative liabilities	[3]	3,159	147
Mortgage repurchase facilities	[4]	133,794	174,095
Level 2 [Member] | Carrying Value [Member] | Senior Notes 5.875% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
5.875% senior notes	[6],[7]	396,296	396,120
Level 2 [Member] | Carrying Value [Member] | Senior Notes 6.750% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
6.750% senior notes	[6],[7]	494,499	494,307
Level 2 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured notes receivable	[1]	2,522	2,545
Mortgage loans held for sale	[2]	141,846	185,246
Derivative assets	[3]	2,962	1,382
Other financing obligations	[4],[5]	8,371	6,277
Derivative liabilities	[3]	3,159	147
Mortgage repurchase facilities	[4]	133,794	174,095
Level 2 [Member] | Fair Value [Member] | Senior Notes 5.875% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
5.875% senior notes	[6],[7]	335,520	415,680
Level 2 [Member] | Fair Value [Member] | Senior Notes 6.750% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
6.750% senior notes	[6],[7]	414,700	537,500
Level 3 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving line of credit	[4]	521,900	68,700
Level 3 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving line of credit	[4]	$ 521,900	$ 68,700
Minimum | Insurance Premium Note [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate		3.24%	3.24%
Maximum | Insurance Premium Note [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate		3.278%	3.278%
[1]	Estimated fair value of the secured notes receivable was based on cash flow models discounted at market interest rates which considered the underlying risks of the note.
[2]	The mortgage loans held for sale are carried at fair value, which is based on quoted market prices for committed mortgage loans.
[3]	Derivative instruments are carried at fair value and based on market prices for similar instruments. Changes in fair value are reflected in financial services revenue on the condensed consolidated statement of operations. Derivative assets are presented within prepaid expenses and other assets on the condensed consolidated balance sheets. Derivative liabilities are presented within accrued expenses and other liabilities on the condensed consolidated balance sheets.
[4]	Carrying amount approximates fair value due to short-term nature and interest rate terms.
[5]	Insurance premium notes including in other financing obligations bore interest rates ranging from 3.278 % to 3.240 % during the periods ending March 31, 2020 and December 31, 2019.
[6]	Carrying amounts include any associated unamortized deferred financing costs, premiums and discounts. As of March 31, 2020, these amounts totaled $ 5.5 million and $ 3.7 million for the 6.750 % senior notes and 5.875 % senior notes, respectively. As of December 31, 2019, these amounts totaled $ 5.7 million and $ 3.9 million for the 6.875 % senior notes and 5.875 % senior notes, respectively.
[7]	Estimated fair value of the senior notes is based on recent trading activity in inactive markets.

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 1.7	$ 3.5
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	0
Shares decreased	0.3
Decrease stock-based compensation expense	$ 2.4
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted	0.3
Grant date fair value	$ 31.19
Awards vesting period	3 years

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary Of Outstanding RSUs, PSUs And RSAs) (Details) - Restricted Stock Units And Performance Share Units [Member] shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested units | shares	814
Unrecognized compensation cost | $	$ 13,823
Period to recognize compensation cost	1 year 4 months 20 days

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Nov. 27, 2019	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	May 08, 2019	Nov. 30, 2018	May 10, 2017
Class of Stock [Line Items]
Common stock shares authorized		100,000,000		100,000,000
Common stock, par value		$ 0.01		$ 0.01
Preferred stock shares authorized		50,000,000		50,000,000
Preferred stock, par value		$ 0.01		$ 0.01
Common stock shares issued		33,319,125		33,067,375
Common stock shares outstanding		33,319,125		33,067,375
Common stock shares issued related to vesting of RSUs		400,000	400,000
Common stock shares sold and issued		0	0
Number of shares authorized to be repurchased						4,500,000
Common stock shares repurchased, shares			83,000
Common stock shares repurchased, value			$ 1,438
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		1,700,000			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		$ 100,000

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Anti-dilutive shares related to PSU's granted	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
	Mar. 31, 2020	Mar. 31, 2019
Numerator
Net income	$ 26,126	$ 17,117
Denominator
Weighted average common shares outstanding - basic	33,207,928	30,203,243
Dilutive effect of restricted stock units	268,516	241,033
Weighted average common shares outstanding - diluted	33,476,444	30,444,276
Earnings per share:
Basic	$ 0.79	$ 0.57
Diluted	$ 0.78	$ 0.56

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Commitments and Contingencies [Abstract]
Outstanding letters of credit and performance bonds	$ 343.7	$ 344.1

Supplemental Guarantor Inform_3

Supplemental Guarantor Information (Narrative) (Details)	3 Months Ended
	Mar. 31, 2020
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
Senior Notes Due 2022 [Member]
Debt Instrument [Line Items]
Interest rate	6.875%
Maturity year	2022

Supplemental Guarantor Inform_4

Supplemental Guarantor Information (Supplemental Condensed Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 450,973	$ 55,436	$ 38,115
Cash held in escrow	22,497	35,308
Accounts receivable	23,087	27,438
Inventories	2,074,509	1,995,549
Mortgage loans held for sale	141,846	185,246
Prepaid expenses and other assets	121,017	124,008
Deferred tax assets, net	11,110	10,589
Property and equipment, net	35,004	35,998
Goodwill	30,395	30,395
Total assets	2,910,438	2,499,967
Liabilities:
Accounts payable	40,170	84,794
Accrued expenses and other liabilities	230,875	213,975
Notes payable	899,166	896,704
Revolving line of credit	521,900	68,700
Mortgage repurchase facilities	133,794	174,095
Total liabilities	1,825,905	1,438,268
Stockholders' equity:	1,084,533	1,061,699	875,406	$ 859,359
Total liabilities and stockholders' equity	2,910,438	2,499,967
Parent [Member]
Assets
Cash and cash equivalents	401,069	1,577	643
Accounts receivable	8,000	15,363
Investment in consolidated subsidiaries	2,097,867	1,996,703
Prepaid expenses and other assets	9,449	9,539
Deferred tax assets, net	11,110	10,589
Property and equipment, net	15,240	15,256
Total assets	2,542,735	2,049,027
Liabilities:
Accounts payable	588	(13)
Accrued expenses and other liabilities	44,919	28,214
Notes payable	890,795	890,427
Revolving line of credit	521,900	68,700
Total liabilities	1,458,202	987,328
Stockholders' equity:	1,084,533	1,061,699
Total liabilities and stockholders' equity	2,542,735	2,049,027
Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	6,404		2,596
Cash held in escrow	22,497	35,308
Accounts receivable	13,684	12,327
Inventories	2,074,509	1,995,549
Prepaid expenses and other assets	95,096	101,321
Property and equipment, net	18,595	19,614
Goodwill	30,395	30,395
Total assets	2,261,180	2,194,514
Liabilities:
Accounts payable	38,963	83,853
Accrued expenses and other liabilities	189,848	173,403
Notes payable	8,371	6,277
Total liabilities	237,182	263,533
Stockholders' equity:	2,023,998	1,930,981
Total liabilities and stockholders' equity	2,261,180	2,194,514
Non Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	43,500	53,859	$ 34,876
Accounts receivable	19,003	(252)
Mortgage loans held for sale	141,846	185,246
Prepaid expenses and other assets	16,472	13,148
Property and equipment, net	1,169	1,128
Total assets	221,990	253,129
Liabilities:
Accounts payable	619	954
Accrued expenses and other liabilities	13,708	12,358
Mortgage repurchase facilities	133,794	174,095
Total liabilities	148,121	187,407
Stockholders' equity:	73,869	65,722
Total liabilities and stockholders' equity	221,990	253,129
Elimination Entries [Member]
Assets
Accounts receivable	(17,600)
Investment in consolidated subsidiaries	(2,097,867)	(1,996,703)
Total assets	(2,115,467)	(1,996,703)
Liabilities:
Accrued expenses and other liabilities	(17,600)
Total liabilities	(17,600)
Stockholders' equity:	(2,097,867)	(1,996,703)
Total liabilities and stockholders' equity	$ (2,115,467)	$ (1,996,703)

Supplemental Guarantor Inform_5

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement Of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues
Total revenues	$ 602,609	$ 533,057
Selling, general and administrative	(73,619)	(68,936)
Inventory impairment	(781)
Other income (expense)	158	76
Income before income tax expense	34,088	22,997
Income tax expense	(7,962)	(5,880)
Net income	26,126	17,117
Parent [Member]
Revenues
Selling, general and administrative	(13,475)	(18,655)
Equity in income of unconsolidated subsidiaries	35,428	31,163
Other income (expense)	326	101
Income before income tax expense	22,279	12,609
Income tax expense	3,847	4,508
Net income	26,126	17,117
Guarantor Subsidiaries [Member]
Revenues
Total revenues	592,814	524,657
Selling, general and administrative	(60,144)	(50,281)
Inventory impairment	(781)
Other income (expense)	(304)	(45)
Income before income tax expense	46,892	39,960
Income tax expense	(11,723)	(9,990)
Net income	35,169	29,970
Non Guarantor Subsidiaries [Member]
Revenues
Total revenues	9,795	8,400
Other income (expense)	136	20
Income before income tax expense	345	1,591
Income tax expense	(86)	(398)
Net income	259	1,193
Elimination Entries [Member]
Revenues
Equity in income of unconsolidated subsidiaries	(35,428)	(31,163)
Income before income tax expense	(35,428)	(31,163)
Net income	(35,428)	(31,163)
Home Sales [Member]
Revenues
Total revenues	572,710	523,302
Cost of revenues	(470,526)	(433,757)
Home Sales [Member] | Guarantor Subsidiaries [Member]
Revenues
Total revenues	572,710	523,302
Cost of revenues	(470,526)	(433,757)
Land Sales And Other [Member]
Revenues
Total revenues	20,104	1,355
Cost of revenues	(14,167)	(614)
Land Sales And Other [Member] | Guarantor Subsidiaries [Member]
Revenues
Total revenues	20,104	1,355
Cost of revenues	(14,167)	(614)
Homebuilding [Member]
Revenues
Total revenues	592,814	524,657
Cost of revenues	(484,693)	(434,371)
Homebuilding [Member] | Guarantor Subsidiaries [Member]
Revenues
Total revenues	592,814	524,657
Cost of revenues	(484,693)	(434,371)
Financial Services [Member]
Revenues
Total revenues	9,795	8,400
Cost of revenues	(9,586)	(6,829)
Financial Services [Member] | Non Guarantor Subsidiaries [Member]
Revenues
Total revenues	9,795	8,400
Cost of revenues	$ (9,586)	$ (6,829)

Supplemental Guarantor Inform_6

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement Of Cash Flows) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	$ (12,376)	$ (59,400)
Net cash provided by/(used in) investing activities	(2,627)	(3,284)
Financing activities
Borrowings under revolving credit facilities	678,000	288,800
Payments on revolving credit facilities	(224,800)	(204,300)
Principal payments on notes payable	(2,043)	(7,716)
Proceeds from insurance notes payable	4,137	9,301
Net proceeds from mortgage repurchase facilities	(40,302)	(13,689)
Repurchases of common stock upon vesting of stock-based compensation	(4,977)	(3,166)
Repurchases of common stock under our stock repurchase program		(1,439)
Net cash provided by financing activities	410,015	67,791
Net increase	395,012	5,107
Cash and cash equivalents and Restricted cash, Beginning of period	58,522	36,441
Cash and cash equivalents and Restricted cash, End of period	453,534	41,548
Cash and cash equivalents	450,973	38,115	$ 55,436
Restricted Cash	2,561	3,433
Elimination Entries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) investing activities	47,268	43,384
Financing activities
Payments from (and advances to) parent/subsidiary	(47,268)	(43,384)
Net cash provided by financing activities	(47,268)	(43,384)
Parent [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	(652)	(36,731)
Net cash provided by/(used in) investing activities	(48,079)	(44,704)
Financing activities
Borrowings under revolving credit facilities	678,000	288,800
Payments on revolving credit facilities	(224,800)	(204,300)
Repurchases of common stock upon vesting of stock-based compensation	(4,977)	(3,166)
Repurchases of common stock under our stock repurchase program		(1,439)
Net cash provided by financing activities	448,223	79,895
Net increase	399,492	(1,540)
Cash and cash equivalents and Restricted cash, Beginning of period	1,577	2,183
Cash and cash equivalents and Restricted cash, End of period	401,069	643
Cash and cash equivalents	401,069	643	1,577
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	(33,043)	(36,216)
Net cash provided by/(used in) investing activities	(1,670)	(2,031)
Financing activities
Principal payments on notes payable	(2,043)	(7,716)
Proceeds from insurance notes payable	4,137	9,301
Payments from (and advances to) parent/subsidiary	39,379	36,890
Net cash provided by financing activities	41,473	38,475
Net increase	6,760	228
Cash and cash equivalents and Restricted cash, Beginning of period	341	4,006
Cash and cash equivalents and Restricted cash, End of period	7,101	4,234
Cash and cash equivalents	6,404	2,596
Restricted Cash	697	1,638
Non Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	21,319	13,547
Net cash provided by/(used in) investing activities	(146)	67
Financing activities
Net proceeds from mortgage repurchase facilities	(40,302)	(13,689)
Payments from (and advances to) parent/subsidiary	7,889	6,494
Net cash provided by financing activities	(32,413)	(7,195)
Net increase	(11,240)	6,419
Cash and cash equivalents and Restricted cash, Beginning of period	56,604	30,252
Cash and cash equivalents and Restricted cash, End of period	45,364	36,671
Cash and cash equivalents	43,500	34,876	$ 53,859
Restricted Cash	$ 1,864	$ 1,795