Century Communities (CCS) 10-Q 29 Oct 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Oct. 27, 2020
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 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		33,350,633
Entity Central Index Key	0001576940
Amendment Flag	false
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2020
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 288,341	$ 55,436
Cash held in escrow	26,275	35,308
Accounts receivable	28,855	27,438
Inventories	1,872,337	1,995,549
Mortgage loans held for sale	187,494	185,246
Prepaid expenses and other assets	113,339	124,008
Property and equipment, net	31,550	35,998
Deferred tax assets, net	12,775	10,589
Goodwill	30,395	30,395
Total assets	2,591,361	2,499,967
Liabilities:
Accounts payable	48,448	84,794
Accrued expenses and other liabilities	288,674	213,975
Notes payable	895,867	896,704
Revolving line of credit		68,700
Mortgage repurchase facilities	173,415	174,095
Total liabilities	1,406,404	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, 33,350,633 and 33,067,375 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	334	331
Additional paid-in capital	693,269	684,354
Retained earnings	491,354	377,014
Total stockholders' equity	1,184,957	1,061,699
Total liabilities and stockholders' equity	$ 2,591,361	$ 2,499,967

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 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	33,350,633	33,067,375
Common stock shares outstanding	33,350,633	33,067,375

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues
Total revenues	$ 794,361	$ 590,362	$ 2,173,414	$ 1,743,369
Selling, general and administrative	(85,806)	(72,834)	(246,131)	(216,987)
Loss on debt extinguishment				(10,832)
Inventory impairment and other	0		(1,691)
Other income (expense)	251	(56)	(2,533)	(499)
Income before income tax expense	64,885	34,840	149,076	78,667
Income tax expense	(15,121)	(7,816)	(34,736)	(19,031)
Net income	$ 49,764	$ 27,024	$ 114,340	$ 59,636
Earnings per share:
Basic	$ 1.49	$ 0.88	$ 3.43	$ 1.96
Diluted	$ 1.48	$ 0.87	$ 3.41	$ 1.95
Weighted average common shares outstanding:
Basic	33,350,633	30,587,487	33,299,768	30,378,860
Diluted	33,731,252	30,906,235	33,556,650	30,641,194
Homebuilding [Member]
Revenues
Total revenues	$ 762,344	$ 579,943	$ 2,105,880	$ 1,714,635
Cost of revenues	(629,410)	(474,458)	(1,737,142)	(1,413,634)
Home Sales [Member]
Revenues
Total revenues	760,239	573,860	2,080,364	1,705,798
Cost of revenues	(627,364)	(469,834)	(1,718,545)	(1,407,519)
Land Sales And Other [Member]
Revenues
Total revenues	2,105	6,083	25,516	8,837
Cost of revenues	(2,046)	(4,624)	(18,597)	(6,115)
Financial Services [Member]
Revenues
Total revenues	32,017	10,419	67,534	28,734
Cost of revenues	$ (14,511)	$ (8,174)	$ (36,841)	$ (22,750)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Operating activities
Net income	$ 114,340	$ 59,636
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	10,088	9,793
Stock-based compensation expense	14,374	11,391
Fair value of loans held for sale and other	(9,346)	(87)
Loss on debt extinguishment		10,832
Inventory impairment and other	1,691
Deferred income taxes	(2,186)	(514)
Loss on disposition of assets	1,213	846
Changes in assets and liabilities:
Cash held in escrow	9,033	(6,018)
Accounts receivable	(1,417)	(4,465)
Inventories	160,877	(215,771)
Mortgage loans held for sale	(594)	17,073
Prepaid expenses and other assets	18,090	32,386
Accounts payable	(36,346)	(11,212)
Accrued expenses and other liabilities	35,989	(52,854)
Net cash provided by (used in) operating activities	315,806	(148,964)
Investing activities
Purchases of property and equipment	(6,706)	(11,633)
Other investing activities	79	78
Net cash used in investing activities	(6,627)	(11,555)
Financing activities
Borrowings under revolving credit facilities	678,000	1,184,800
Payments on revolving credit facilities	(746,700)	(1,108,500)
Proceeds from issuance senior notes due 2027		500,000
Extinguishment of senior notes due 2022		(391,942)
Proceeds from issuance of insurance premium notes and other	5,469	12,629
Principal payments on insurance notes payable	(7,259)	(19,275)
Debt issuance costs		(6,075)
Net payments on mortgage repurchase facilities	(680)	(26,757)
Net proceeds from issuances of common stock		25,817
Withholding of common stock upon vesting of restricted stock units	(5,145)	(3,588)
Repurchases of common stock under stock repurchase program		(1,439)
Other	(495)
Net cash (used in) provided by financing activities	(76,810)	165,670
Net increase	232,369	5,151
Cash and cash equivalents and Restricted cash, Beginning of period	58,521	36,441
Cash and cash equivalents and Restricted cash, End of period	290,890	41,592
Supplemental cash flow disclosure
Cash paid for income taxes	30,998	20,722
Cash and cash equivalents and Restricted cash
Cash and cash equivalents	288,341	38,508
Restricted cash (Note 5)	$ 2,549	$ 3,084

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained Earnings	Total
Beginning balance at Dec. 31, 2018	$ 302	$ 595,037	$ 264,020	$ 859,359
Beginning balance, shares at Dec. 31, 2018	30,155,000
Issuance of common stock	$ 9	25,808		25,817
Issuance of common stock, shares	899,000
Repurchase of common stock	$ (1)	(1,438)		$ (1,439)
Repurchase of common stock, shares	(83,000)			(83,000)
Vesting of restricted stock units	$ 4	(4)
Vesting of restricted stock units, shares	430,000
Withholding of common stock upon vesting of restricted stock units	$ (2)	(3,583)		$ (3,585)
Withholding of common stock upon vesting of restricted stock units, shares	(152,000)
Stock-based compensation expense		11,391		11,391
Net income			59,636	59,636
Ending balance at Sep. 30, 2019	$ 312	627,211	323,656	951,179
Ending balance, shares at Sep. 30, 2019	31,249,000
Beginning balance at Jun. 30, 2019	$ 304	600,293	296,632	897,229
Beginning balance, shares at Jun. 30, 2019	30,439,000
Issuance of common stock	$ 8	23,146		23,154
Issuance of common stock, shares	799,000
Repurchase of common stock				$ (1,400)
Repurchase of common stock, shares				(83,000)
Vesting of restricted stock units, shares	17,000
Withholding of common stock upon vesting of restricted stock units		(151)		$ (151)
Withholding of common stock upon vesting of restricted stock units, shares	(6,000)
Stock-based compensation expense		3,923		3,923
Net income			27,024	27,024
Ending balance at Sep. 30, 2019	$ 312	627,211	323,656	951,179
Ending balance, shares at Sep. 30, 2019	31,249,000
Beginning balance at Dec. 31, 2019	$ 331	684,354	377,014	1,061,699
Beginning balance, shares at Dec. 31, 2019	33,067,000
Other		(311)		$ (311)
Repurchase of common stock, shares
Vesting of restricted stock units	$ 5	(5)
Vesting of restricted stock units, shares	454,000
Withholding of common stock upon vesting of restricted stock units	$ (2)	(5,143)		$ (5,145)
Withholding of common stock upon vesting of restricted stock units, shares	(170,000)
Stock-based compensation expense		14,374		14,374
Net income			114,340	114,340
Ending balance at Sep. 30, 2020	$ 334	693,269	491,354	1,184,957
Ending balance, shares at Sep. 30, 2020	33,351,000
Beginning balance at Jun. 30, 2020	$ 334	687,564	441,590	1,129,488
Beginning balance, shares at Jun. 30, 2020	33,351,000
Other		(81)		$ (81)
Repurchase of common stock, shares
Stock-based compensation expense		5,786		$ 5,786
Net income			49,764	49,764
Ending balance at Sep. 30, 2020	$ 334	$ 693,269	$ 491,354	$ 1,184,957
Ending balance, shares at Sep. 30, 2020	33,351,000

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 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 targets first time homebuyers, primarily sells homes through retail studios and the internet, and provides no option or upgrade selections. Our homebuilding operations are organized into the following five reportable segments: West, Mountain, Texas, Southeast, and 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”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (which we refer to as the “SEC”). In the opinion 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 for the periods presented. Interim results of operations are not necessarily indicative of the results that may be achieved for the full year, particularly in light of the novel coronavirus (COVID-19) pandemic and measures intended to mitigate the spread. 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 COVID-19 pandemic has led to adverse impacts on the U.S. and global economies and initially created uncertainty regarding potential impacts to our operations and customer demand. 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. These public health orders generally exempted the sale and construction of new homes, other than a small portion of our operations, which had to cease operations in early April. During the latter half of the second quarter of 2020, state and local municipalities in the majority of our markets began to lift the most stringent of the public health restrictions and numerous nonessential businesses were allowed to reopen. As of the date of this filing and throughout the third quarter of 2020, we are and were able to build and sell homes in all of our markets . 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, particularly given the uncertainties associated with the ongoing COVID-19 pandemic. Recently Adopted Accounting Standards Financial Instruments - Credit Losses In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 that have historically been accounted for on an incurred loss basis are now accounted for using an estimate of lifetime expected credit losses. This generally results 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 ASU 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	9 Months Ended
	Sep. 30, 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 (Arizona, 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Revenue: West $ 188,495 $ 116,874 $ 486,507 $ 364,220 Mountain 222,262 171,617 570,983 510,693 Texas 76,776 68,812 235,618 180,820 Southeast 152,858 118,610 458,986 356,236 Century Complete 121,953 104,030 353,786 302,666 Financial Services 32,017 10,419 67,534 28,734 Corporate — — — — Total revenue $ 794,361 $ 590,362 $ 2,173,414 $ 1,743,369 Income (loss) before income tax expense: West $ 13,627 $ 9,013 $ 42,716 $ 27,634 Mountain 28,695 20,552 67,789 62,386 Texas 6,904 8,290 22,012 17,626 Southeast 13,414 7,079 33,743 17,467 Century Complete 7,826 6,032 17,159 18,323 Financial Services 17,506 2,245 30,693 5,984 Corporate ( 23,087 ) ( 18,371 ) ( 65,036 ) ( 70,753 ) Total income before income tax expense $ 64,885 $ 34,840 $ 149,076 $ 78,667 The following table summarizes total assets by operating segment (in thousands): September 30, December 31, 2020 2019 West $ 542,622 $ 610,248 Mountain 708,076 635,201 Texas 202,177 232,887 Southeast 360,424 441,818 Century Complete 170,126 244,827 Financial Services 299,887 254,282 Corporate 308,049 80,704 Total assets $ 2,591,361 $ 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	9 Months Ended
	Sep. 30, 2020
Inventories [Abstract]
Inventories	3. Inventories Inventories included the following (in thousands): September 30, December 31, 2020 2019 Homes under construction $ 980,232 $ 1,091,576 Land and land development 825,779 836,904 Capitalized interest 66,326 67,069 Total inventories $ 1,872,337 $ 1,995,549

Financial Services

Financial Services	9 Months Ended
	Sep. 30, 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 either as whole loans, or with servicing retained, 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 $ 193.1 million and $ 37.6 million at September 30, 2020 and December 31, 2019, respectively, and carried a weighted average interest rate of approximately 2.9 % and 3.9 %, respectively. As of September 30, 2020 and December 31, 2019, Inspire had mortgage loans held for sale with an aggregate fair value of $ 187.5 million and $ 185.2 million, respectively, and an aggregate outstanding principal balance of $ 179.9 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 statements 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	9 Months Ended
	Sep. 30, 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): September 30, December 31, 2020 2019 Prepaid insurance $ 21,537 $ 26,175 Lot option and escrow deposits 36,828 48,810 Deferred financing costs on revolving line of credit, net 3,550 4,574 Restricted cash (1) 2,549 3,085 Secured note receivable 2,460 2,602 Right of use assets 16,697 18,854 Other assets and prepaid expenses 22,308 18,525 Derivative assets 7,410 1,383 Total prepaid expenses and other assets $ 113,339 $ 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	9 Months Ended
	Sep. 30, 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): September 30, December 31, 2020 2019 Earnest money deposits $ 25,721 $ 10,592 Warranty reserve 12,890 9,731 Accrued compensation costs 39,713 30,888 Land development and home construction accruals 149,842 110,284 Accrued interest 16,211 19,306 Lease liabilities - operating leases 17,155 14,562 Income taxes payable — 329 Other accrued liabilities 27,142 18,283 Total accrued expenses and other liabilities $ 288,674 $ 213,975

Warranties

Warranties	9 Months Ended
	Sep. 30, 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 did no t reduce our warranty reserve during the three months ended September 30, 2020, and reduced our warranty reserve by $ 0.6 million during the three months ended September 30, 2019. We reduced our warranty reserve by $ 1.3 million and $ 0.4 million during the nine months ended September 30, 2020 and 2019, respectively. These adjustments are included in cost of home sales revenues on our consolidated statements of operations. Changes in our warranty accrual for the three and nine months ended September 30, 2020 and 2019 are detailed in the table below (in thousands) : Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Beginning balance $ 11,221 $ 9,768 $ 9,731 $ 7,970 Warranty expense provisions 2,293 1,665 6,345 5,433 Payments ( 624 ) ( 870 ) ( 1,925 ) ( 3,063 ) Warranty adjustment — ( 573 ) ( 1,261 ) ( 350 ) Ending balance $ 12,890 $ 9,990 $ 12,890 $ 9,990

Debt

Debt	9 Months Ended
	Sep. 30, 2020
Debt [Abstract]
Debt	8. Debt Our outstanding debt obligations included the following as of September 30, 2020 and December 31, 2019 (in thousands): September 30, December 31, 2020 2019 6.750 % senior notes, due May 2027 (1) $ 494,736 $ 494,307 5.875 % senior notes, due July 2025 (1) 396,644 396,120 Other financing obligations 4,487 6,277 Notes payable 895,867 896,704 Revolving line of credit, due April 2023 — 68,700 Mortgage repurchase facilities 173,415 174,095 Total debt $ 1,069,282 $ 1,139,499 (1) The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest expense 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 we refer to as the “Amended and Restated Credit Agreement”), 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 . 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, at the Administrative Agent’s discretion, a base rate plus an applicable margin between 1.60 % and 2.10 % per annum. As of September 30, 2020 and December 31, 2019, we had no amounts and $ 68.7 million outstanding under the credit facility, respectively, 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 $ 275 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 September 30, 2020 and December 31, 2019, we had $ 173.4 million and $ 174.1 million outstanding under these repurchase facilities, respectively, and were in compliance with all covenants thereunder. During the three months ended September 30, 2020 and 2019, we incurred interest expense on the repurchase facilities of $ 0.8 million and $ 0.6 million, respectively, which are included in financial services costs on our condensed consolidated statements of operations. During the nine months ended September 30, 2020 and 2019, we incurred interest expense on the repurchase facilities of $ 2.0 million and $ 2.1 million, respectively.

Interest

Interest	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Interest capitalized beginning of period $ 70,311 $ 63,068 $ 67,069 $ 53,842 Interest capitalized during period 15,065 19,325 50,686 55,792 Less: capitalized interest in cost of sales ( 19,050 ) ( 14,258 ) ( 51,429 ) ( 41,499 ) Interest capitalized end of period $ 66,326 $ 68,135 $ 66,326 $ 68,135

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 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 23.4 % is driven by our blended federal and state statutory rate of 25.1 %, and certain other permanent differences between GAAP and tax which decreased our rate by 1.7 %. For the nine months ended September 30, 2020, our estimated annual rate of 23.4 % was impacted by discrete items which had a net impact of decreasing our rate by 0.1 %, including excess tax benefits for vested stock-based compensation . For the three months ended September 30, 2020 and 2019, we recorded income tax expense of $ 15.1 million and $ 7.8 million, respectively. For the nine months ended September 30, 2020 and 2019, we recorded income tax expense of $ 34.7 million and $ 19.0 million, respectively .

Fair Value Disclosures

Fair Value Disclosures	9 Months Ended
	Sep. 30, 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): September 30, 2020 December 31, 2019 Hierarchy Carrying Fair Value Carrying Fair Value Secured notes receivable (1) Level 2 $ 2,460 $ 2,491 $ 2,602 $ 2,545 Mortgage loans held for sale (2) Level 2 $ 187,494 $ 187,494 $ 185,246 $ 185,246 Derivative assets (3) Level 2 $ 7,410 $ 7,410 $ 1,382 $ 1,382 5.875 % senior notes (4)(5) Level 2 $ 396,644 $ 411,000 $ 396,120 $ 415,680 6.750 % senior notes (4)(5) Level 2 $ 494,736 $ 535,000 $ 494,307 $ 537,500 Revolving line of credit (6) Level 2 $ — $ — $ 68,700 $ 68,700 Other financing obligations (6)(7) Level 2 $ 4,487 $ 4,487 $ 6,277 $ 6,277 Derivative liabilities (3) Level 2 $ 282 $ 282 $ 147 $ 147 Mortgage repurchase facilities (6) Level 2 $ 173,415 $ 173,415 $ 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. In May 2020, the maturity of the secured note receivable was extended by one year to May of 2021. (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 and are related to our financial services segment. Changes in fair value are reflected in financial services revenue on the condensed consolidated statements 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 September 30, 2020, these amounts totaled $ 5.3 million and $ 3.4 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 6.750 % 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 included in in other financing obligations bore interest rates ranging from 3.278 % to 3.240 % during the periods ending September 30, 2020 and December 31, 2019, respectively, which approximated prevailing market rates for similar obligations at each period. During the nine months ended September 30, 2020, total impairment charges of $ 1.7 million were recorded, which includes $ 0.8 million of impairment charges related to one community in our Century Complete segment which was recorded during the three months ended March 31, 2020, and $ 0.9 million of impairment charges related to one community in our Texas segment which was recorded during the three months ended June 30, 2020. No impairment charges were recorded in the three months ended September 30, 2020. The estimated fair value of communities are determined through a discounted cash flow approach utilizing Level 3 inputs. Changes in our cash flow projections in future periods related to these communities may change our conclusions on the recoverability of inventory in the future. 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 as a result of impairments, if deemed necessary.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2020
Stock-Based Compensation [Abstract]
Stock-Based Compensation	12. Stock-Based Compensation During the three months ended September 30, 2020 and 2019, we did no t grant any restricted stock units (which we refer to as “RSUs”) or performance share units (which we refer to as “PSUs”). During the nine months ended September 30, 2020 and 2019, we granted RSUs covering 0.4 million and 0.6 million shares of common stock, respectively, with a grant date fair value of $ 30.43 per share and $ 23.85 per share, respectively, that vest over a three year period. During the nine months ended September 30, 2020 and 2019, we also granted PSUs covering up to 0.3 million and 0.3 million shares of common stock, respectively, assuming maximum level of performance, with a grant date fair value of $ 26.38 per share and $ 22.01 per share, respectively. Granted PSUs are subject to both service and performance vesting conditions. The quantity of shares that will ultimately vest for the PSUs ranges from 0 % to 250 % of a targeted number of shares for each participant and will be determined based on an achievement of a three year pre-tax income performance goal. A summary of our outstanding RSUs and PSUs, assuming current estimated level of performance achievement, are as follows (in thousands, except years): As of September 30, 2020 Unvested units 1,463 Unrecognized compensation cost $ 17,335 Remaining period to recognize compensation cost 1.81 years During the three months ended September 30, 2020 and 2019, we recognized stock-based compensation expense of $ 5.8 million and $ 3.9 million, respectively. During the nine months ended September 30, 2020 and 2019, we recognized stock-based compensation expense of $ 14.4 million and $ 11.4 million, respectively. Stock-based compensation expense is included in selling, general, and administrative expense on our condensed consolidated statements of operations. During the three months ended September 30, 2020, we updated our recognition of stock-based compensation expense associated with previously granted PSU awards 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 increased by 30 thousand, and we recorded a cumulative catch-up adjustment to increase stock-based compensation expense of $ 0.6 million ($ 0.4 million net of tax), or $ 0.02 per basic share and $ 0.01 per diluted share for the three and nine months ended September 30, 2020, respectively.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 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 September 30, 2020, and December 31, 2019, there were 33.4 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 0.5 million and 0.3 million shares of common stock related to the vesting of RSUs during the nine months ended September 30, 2020 and 2019, respectively. As of September 30, 2020, approximately 1.0 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 $ 100.0 million available for sale as of September 30, 2020. We did no t sell or issue any shares of our common stock during the three and nine months ended September 30, 2020. During the three and nine months ended September 30, 2019, we sold and issued an aggregate of 0.8 million and 0.9 million shares, respectively, of our common stock under the previous distribution agreement, which provided gross proceeds of $ 23.7 million and $ 26.5 million, respectively, and in connection with such sales, paid total commissions and fees to the sales agents of $ 0.6 million and $ 0.7 million, respectively . The Distribution Agreement will remain in full force and effect until terminated by either party pursuant to the terms of the agreement or such date that the maximum offering amount has been sold in accordance with the terms of the agreement . On November 6, 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 and nine months ended September 30, 2020, we did no t repurchase any shares of common stock. During the three and nine months ended September 30, 2019, we repurchased 83,000 shares of common stock under this program for approximately $ 1.4 million.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 2020 and 2019 (in thousands, except share and per share information): Three Months Ended Nine Months Ended September 30, September 30, 2020 2019 2020 2019 Numerator Net income $ 49,764 $ 27,024 $ 114,340 $ 59,636 Denominator Weighted average common shares outstanding - basic 33,350,633 30,587,487 33,299,768 30,378,860 Dilutive effect of restricted stock units 380,619 318,748 256,882 262,334 Weighted average common shares outstanding - diluted 33,731,252 30,906,235 33,556,650 30,641,194 Earnings per share: Basic $ 1.49 $ 0.88 $ 3.43 $ 1.96 Diluted $ 1.48 $ 0.87 $ 3.41 $ 1.95 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 0.8 million and 0.6 million common unit equivalents from diluted earnings per share during the three and nine months ended September 30, 2020 and 2019, respectively, related to the PSUs for which performance conditions remain unsatisfied.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 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 September 30, 2020, and December 31, 2019, we had $ 360.1 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.

Basis of Presentation (Policy)

Basis of Presentation (Policy)	9 Months Ended
	Sep. 30, 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 targets first time homebuyers, primarily sells homes through retail studios and the internet, and provides no option or upgrade selections. Our homebuilding operations are organized into the following five reportable segments: West, Mountain, Texas, Southeast, and 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”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (which we refer to as the “SEC”). In the opinion 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 for the periods presented. Interim results of operations are not necessarily indicative of the results that may be achieved for the full year, particularly in light of the novel coronavirus (COVID-19) pandemic and measures intended to mitigate the spread. 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 COVID-19 pandemic has led to adverse impacts on the U.S. and global economies and initially created uncertainty regarding potential impacts to our operations and customer demand. 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. These public health orders generally exempted the sale and construction of new homes, other than a small portion of our operations, which had to cease operations in early April. During the latter half of the second quarter of 2020, state and local municipalities in the majority of our markets began to lift the most stringent of the public health restrictions and numerous nonessential businesses were allowed to reopen. As of the date of this filing and throughout the third quarter of 2020, we are and were able to build and sell homes in all of our markets .
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, particularly given the uncertainties associated with the ongoing COVID-19 pandemic.
Recently Adopted and Issued Accounting Standards	Recently Adopted Accounting Standards Financial Instruments - Credit Losses In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 that have historically been accounted for on an incurred loss basis are now accounted for using an estimate of lifetime expected credit losses. This generally results 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 ASU 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)	9 Months Ended
	Sep. 30, 2020
Reporting Segments [Abstract]
Schedule Of Total Revenue And Pretax Income By Segment	Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Revenue: West $ 188,495 $ 116,874 $ 486,507 $ 364,220 Mountain 222,262 171,617 570,983 510,693 Texas 76,776 68,812 235,618 180,820 Southeast 152,858 118,610 458,986 356,236 Century Complete 121,953 104,030 353,786 302,666 Financial Services 32,017 10,419 67,534 28,734 Corporate — — — — Total revenue $ 794,361 $ 590,362 $ 2,173,414 $ 1,743,369 Income (loss) before income tax expense: West $ 13,627 $ 9,013 $ 42,716 $ 27,634 Mountain 28,695 20,552 67,789 62,386 Texas 6,904 8,290 22,012 17,626 Southeast 13,414 7,079 33,743 17,467 Century Complete 7,826 6,032 17,159 18,323 Financial Services 17,506 2,245 30,693 5,984 Corporate ( 23,087 ) ( 18,371 ) ( 65,036 ) ( 70,753 ) Total income before income tax expense $ 64,885 $ 34,840 $ 149,076 $ 78,667
Schedule Of Total Assets By Segment	September 30, December 31, 2020 2019 West $ 542,622 $ 610,248 Mountain 708,076 635,201 Texas 202,177 232,887 Southeast 360,424 441,818 Century Complete 170,126 244,827 Financial Services 299,887 254,282 Corporate 308,049 80,704 Total assets $ 2,591,361 $ 2,499,967

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2020
Inventories [Abstract]
Schedule Of Inventories	September 30, December 31, 2020 2019 Homes under construction $ 980,232 $ 1,091,576 Land and land development 825,779 836,904 Capitalized interest 66,326 67,069 Total inventories $ 1,872,337 $ 1,995,549

Prepaid Expenses and Other As_2

Prepaid Expenses and Other Assets (Tables)	9 Months Ended
	Sep. 30, 2020
Prepaid Expenses and Other Assets [Abstract]
Schedule Of Prepaid Expenses And Other Assets	September 30, December 31, 2020 2019 Prepaid insurance $ 21,537 $ 26,175 Lot option and escrow deposits 36,828 48,810 Deferred financing costs on revolving line of credit, net 3,550 4,574 Restricted cash (1) 2,549 3,085 Secured note receivable 2,460 2,602 Right of use assets 16,697 18,854 Other assets and prepaid expenses 22,308 18,525 Derivative assets 7,410 1,383 Total prepaid expenses and other assets $ 113,339 $ 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)	9 Months Ended
	Sep. 30, 2020
Accrued Expenses and Other Liabilities [Abstract]
Schedule Of Accrued Expenses And Other Liabilities	September 30, December 31, 2020 2019 Earnest money deposits $ 25,721 $ 10,592 Warranty reserve 12,890 9,731 Accrued compensation costs 39,713 30,888 Land development and home construction accruals 149,842 110,284 Accrued interest 16,211 19,306 Lease liabilities - operating leases 17,155 14,562 Income taxes payable — 329 Other accrued liabilities 27,142 18,283 Total accrued expenses and other liabilities $ 288,674 $ 213,975

Warranties (Tables)

Warranties (Tables)	9 Months Ended
	Sep. 30, 2020
Warranties [Abstract]
Schedule Of Changes In Warranty Accrual	Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Beginning balance $ 11,221 $ 9,768 $ 9,731 $ 7,970 Warranty expense provisions 2,293 1,665 6,345 5,433 Payments ( 624 ) ( 870 ) ( 1,925 ) ( 3,063 ) Warranty adjustment — ( 573 ) ( 1,261 ) ( 350 ) Ending balance $ 12,890 $ 9,990 $ 12,890 $ 9,990

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2020
Debt [Abstract]
Schedule Of Outstanding Debt Obligations	September 30, December 31, 2020 2019 6.750 % senior notes, due May 2027 (1) $ 494,736 $ 494,307 5.875 % senior notes, due July 2025 (1) 396,644 396,120 Other financing obligations 4,487 6,277 Notes payable 895,867 896,704 Revolving line of credit, due April 2023 — 68,700 Mortgage repurchase facilities 173,415 174,095 Total debt $ 1,069,282 $ 1,139,499 (1) The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest expense over the respective terms of the senior notes.

Interest (Tables)

Interest (Tables)	9 Months Ended
	Sep. 30, 2020
Interest [Abstract]
Schedule Of Capitalized Interest Costs	Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Interest capitalized beginning of period $ 70,311 $ 63,068 $ 67,069 $ 53,842 Interest capitalized during period 15,065 19,325 50,686 55,792 Less: capitalized interest in cost of sales ( 19,050 ) ( 14,258 ) ( 51,429 ) ( 41,499 ) Interest capitalized end of period $ 66,326 $ 68,135 $ 66,326 $ 68,135

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments	September 30, 2020 December 31, 2019 Hierarchy Carrying Fair Value Carrying Fair Value Secured notes receivable (1) Level 2 $ 2,460 $ 2,491 $ 2,602 $ 2,545 Mortgage loans held for sale (2) Level 2 $ 187,494 $ 187,494 $ 185,246 $ 185,246 Derivative assets (3) Level 2 $ 7,410 $ 7,410 $ 1,382 $ 1,382 5.875 % senior notes (4)(5) Level 2 $ 396,644 $ 411,000 $ 396,120 $ 415,680 6.750 % senior notes (4)(5) Level 2 $ 494,736 $ 535,000 $ 494,307 $ 537,500 Revolving line of credit (6) Level 2 $ — $ — $ 68,700 $ 68,700 Other financing obligations (6)(7) Level 2 $ 4,487 $ 4,487 $ 6,277 $ 6,277 Derivative liabilities (3) Level 2 $ 282 $ 282 $ 147 $ 147 Mortgage repurchase facilities (6) Level 2 $ 173,415 $ 173,415 $ 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. In May 2020, the maturity of the secured note receivable was extended by one year to May of 2021. (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 and are related to our financial services segment. Changes in fair value are reflected in financial services revenue on the condensed consolidated statements 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 September 30, 2020, these amounts totaled $ 5.3 million and $ 3.4 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 6.750 % 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 included in in other financing obligations bore interest rates ranging from 3.278 % to 3.240 % during the periods ending September 30, 2020 and December 31, 2019, respectively, which approximated prevailing market rates for similar obligations at each period.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2020
Stock-Based Compensation [Abstract]
Summary Of Outstanding RSUs And PSUs	As of September 30, 2020 Unvested units 1,463 Unrecognized compensation cost $ 17,335 Remaining period to recognize compensation cost 1.81 years

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share, Basic And Diluted	Three Months Ended Nine Months Ended September 30, September 30, 2020 2019 2020 2019 Numerator Net income $ 49,764 $ 27,024 $ 114,340 $ 59,636 Denominator Weighted average common shares outstanding - basic 33,350,633 30,587,487 33,299,768 30,378,860 Dilutive effect of restricted stock units 380,619 318,748 256,882 262,334 Weighted average common shares outstanding - diluted 33,731,252 30,906,235 33,556,650 30,641,194 Earnings per share: Basic $ 1.49 $ 0.88 $ 3.43 $ 1.96 Diluted $ 1.48 $ 0.87 $ 3.41 $ 1.95

Basis of Presentation (Narrativ

Basis of Presentation (Narrative) (Details)	9 Months Ended
	Sep. 30, 2020statesegment
Basis of Presentation [Abstract]
Number of operating states | state	17
Number of reportable segments | segment	5

Reporting Segments (Narrative)

Reporting Segments (Narrative) (Details)	9 Months Ended
	Sep. 30, 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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment Reporting Information [Line Items]
Total revenue	$ 794,361	$ 590,362	$ 2,173,414	$ 1,743,369
Total income before income tax expense	64,885	34,840	149,076	78,667
West [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	188,495	116,874	486,507	364,220
Total income before income tax expense	13,627	9,013	42,716	27,634
Mountain [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	222,262	171,617	570,983	510,693
Total income before income tax expense	28,695	20,552	67,789	62,386
Texas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	76,776	68,812	235,618	180,820
Total income before income tax expense	6,904	8,290	22,012	17,626
Southeast [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	152,858	118,610	458,986	356,236
Total income before income tax expense	13,414	7,079	33,743	17,467
Century Complete [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	121,953	104,030	353,786	302,666
Total income before income tax expense	7,826	6,032	17,159	18,323
Financial Services [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	32,017	10,419	67,534	28,734
Total income before income tax expense	17,506	2,245	30,693	5,984
Corporate [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total income before income tax expense	$ (23,087)	$ (18,371)	$ (65,036)	$ (70,753)

Reporting Segments (Schedule _2

Reporting Segments (Schedule Of Total Assets By Segment) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Total assets	$ 2,591,361	$ 2,499,967
West [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	542,622	610,248
Mountain [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	708,076	635,201
Texas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	202,177	232,887
Southeast [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	360,424	441,818
Century Complete [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	170,126	244,827
Financial Services [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	299,887	254,282
Corporate [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	$ 308,049	$ 80,704

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Inventories [Abstract]
Homes under construction	$ 980,232		$ 1,091,576
Land and land development	825,779		836,904
Capitalized interest	66,326	$ 70,311	67,069	$ 68,135	$ 63,068	$ 53,842
Total inventories	$ 1,872,337		$ 1,995,549

Financial Services (Narrative)

Financial Services (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Financial Services [Line Items]
Mortgage loans in process	$ 193,100	$ 37,600
Mortgage loans held for sale	187,494	185,246
Mortgage loans held for sale aggregate outstanding principal balance	$ 179,900	$ 179,300
Weighted Average [Member]
Financial Services [Line Items]
Interest rate	2.90%	3.90%

Prepaid Expenses and Other As_3

Prepaid Expenses and Other Assets (Schedule Of Prepaid Expenses And Other Assets) (Details) - USD ($) $ in Thousands		Sep. 30, 2020	Dec. 31, 2019
Prepaid Expenses and Other Assets [Abstract]
Prepaid insurance		$ 21,537	$ 26,175
Lot option and escrow deposits		36,828	48,810
Deferred financing costs on revolving line of credit, net		3,550	4,574
Restricted cash	[1]	2,549	3,085
Secured note receivable		2,460	2,602
Right of use assets		16,697	18,854
Other assets and prepaid expenses		22,308	18,525
Derivative assets		7,410	1,383
Total prepaid expenses and other assets		$ 113,339	$ 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	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Accrued Expenses and Other Liabilities [Abstract]
Earnest money deposits	$ 25,721		$ 10,592
Warranty reserve	12,890	$ 11,221	9,731	$ 9,990	$ 9,768	$ 7,970
Accrued compensation costs	39,713		30,888
Land development and home construction accruals	149,842		110,284
Accrued interest	16,211		19,306
Lease liabilities - operating leases	17,155		14,562
Income taxes payable			329
Other accrued liabilities	27,142		18,283
Total accrued expenses and other liabilities	$ 288,674		$ 213,975

Warranties (Narrative) (Details

Warranties (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Warranties [Abstract]
Warranty adjustment		$ (573)	$ (1,261)	$ (350)

Warranties (Schedule Of Changes

Warranties (Schedule Of Changes In Warranty Accrual) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Warranties [Abstract]
Beginning balance	$ 11,221	$ 9,768	$ 9,731	$ 7,970
Warranty expense provisions	2,293	1,665	6,345	5,433
Payments	(624)	(870)	(1,925)	(3,063)
Warranty adjustment		(573)	(1,261)	(350)
Ending balance	$ 12,890	$ 9,990	$ 12,890	$ 9,990

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	Dec. 13, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Debt Instrument [Line Items]
Line of credit facility, outstanding amount						$ 68,700,000
Mortgage repurchase facilities		173,415,000		173,415,000		174,095,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, outstanding amount		0		$ 0		68,700,000
Base Rate [Member] | Minimum [Member] | Texas Capital Bank [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				1.60%
Base Rate [Member] | Maximum [Member] | Texas Capital Bank [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				2.10%
Amended And Restated Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maturity date	Apr. 30, 2023
Line of credit facility. maximum borrowing capacity	$ 640,000,000
Amended And Restated Credit Agreement [Member] | Eurodollar Rate [Member] | Minimum [Member] | 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 [Member] | 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		173,400,000		$ 173,400,000		$ 174,100,000
Incurred interest expense		800,000	$ 600,000	2,000,000	$ 2,100,000
Mortgage Repurchase Facilities - Financial Services [Member] | Maximum [Member] | Inspire [Member]
Debt Instrument [Line Items]
Principal amount		$ 275,000,000		$ 275,000,000

Debt (Schedule Of Outstanding D

Debt (Schedule Of Outstanding Debt Obligations) (Details) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Notes payable		$ 895,867	$ 896,704
Revolving line of credit			68,700
Mortgage repurchase facilities		173,415	174,095
Total debt		1,069,282	1,139,499
Senior Notes 6.750% Due May 2027 [Member]
Debt Instrument [Line Items]
Notes payable	[1]	$ 494,736	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]	$ 396,644	396,120
Interest rate		5.875%
Maturity date		2025-07
Other Financing Obligations [Member]
Debt Instrument [Line Items]
Notes payable		$ 4,487	6,277
Revolving Line Of Credit Due April 2023 [Member]
Debt Instrument [Line Items]
Revolving line of credit			$ 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 expense 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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Interest [Abstract]
Interest capitalized beginning of period	$ 70,311	$ 63,068	$ 67,069	$ 53,842
Interest capitalized during period	15,065	19,325	50,686	55,792
Less: capitalized interest in cost of sales	(19,050)	(14,258)	(51,429)	(41,499)
Interest capitalized end of period	$ 66,326	$ 68,135	$ 66,326	$ 68,135

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020
Income Tax Examination [Line Items]
Effective tax rate			23.40%
Percentage of decrease related to rate impacted by discrete items			0.10%
Income tax expense	$ 15,121	$ 7,816	$ 34,736	$ 19,031
Forecast [Member]
Income Tax Examination [Line Items]
Effective tax rate					23.40%
Blended federal and state statutary rate					25.10%
Increased to effective tax rate					1.70%

Fair Value Disclosures (Narrati

Fair Value Disclosures (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2020	Mar. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impairment charge	$ 0		$ 1,691
Texas [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impairment charge		$ 900
Century Complete [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Inventory before impairment				$ 800

Fair Value Disclosures (Schedul

Fair Value Disclosures (Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments) (Details) - USD ($) $ in Thousands		Sep. 30, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage loans held for sale		$ 187,494	$ 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		$ 3,400	$ 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		$ 5,300	$ 5,700
Interest rate		6.75%	6.75%
Level 2 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured notes receivable	[1]	$ 2,460	$ 2,602
Mortgage loans held for sale	[2]	187,494	185,246
Derivative assets	[3]	7,410	1,382
Revolving line of credit	[4]		68,700
Other financing obligations	[4],[5]	4,487	6,277
Derivative liabilities	[3]	282	147
Mortgage repurchase facilities	[4]	173,415	174,095
Level 2 [Member] | Carrying Value [Member] | Senior Notes 5.875% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	[6],[7]	396,644	396,120
Level 2 [Member] | Carrying Value [Member] | Senior Notes 6.750% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	[6],[7]	494,736	494,307
Level 2 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured notes receivable	[1]	2,491	2,545
Mortgage loans held for sale	[2]	187,494	185,246
Derivative assets	[3]	7,410	1,382
Revolving line of credit	[4]		68,700
Other financing obligations	[4],[5]	4,487	6,277
Derivative liabilities	[3]	282	147
Mortgage repurchase facilities	[4]	173,415	174,095
Level 2 [Member] | Fair Value [Member] | Senior Notes 5.875% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	[6],[7]	411,000	415,680
Level 2 [Member] | Fair Value [Member] | Senior Notes 6.750% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	[6],[7]	$ 535,000	$ 537,500
Minimum [Member] | Insurance Premium Note [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate		3.24%	3.24%
Maximum [Member] | 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. In May 2020, the maturity of the secured note receivable was extended by one year to May of 2021.
[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 and are related to our financial services segment. Changes in fair value are reflected in financial services revenue on the condensed consolidated statements 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 included in in other financing obligations bore interest rates ranging from 3.278 % to 3.240 % during the periods ending September 30, 2020 and December 31, 2019, respectively, which approximated prevailing market rates for similar obligations at each period.
[6]	Carrying amounts include any associated unamortized deferred financing costs, premiums and discounts. As of September 30, 2020, these amounts totaled $ 5.3 million and $ 3.4 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 6.750 % 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 Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 5.8	$ 3.9	$ 14.4	$ 11.4
Basic earnings per share	$ 1.49	$ 0.88	$ 3.43	$ 1.96
Diluted earnings per share	$ 1.48	$ 0.87	$ 3.41	$ 1.95
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted	0	0	400	600
Grant date fair value			$ 30.43	$ 23.85
Awards vesting period			3 years	3 years
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	0	0	300	300
Grant date fair value			$ 26.38	$ 22.01
Awards vesting period			3 years	3 years
Shares increased	30
Cumulative catch-up adjustment	$ 0.6		$ 0.6
Cumulative catch-up adjustment, net of tax	$ 0.4		$ 0.4
Basic earnings per share	$ 0.02		$ 0.02
Diluted earnings per share	$ 0.01		$ 0.01
Performance Share Units [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target range			0.00%	0.00%
Performance Share Units [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target range			250.00%	250.00%

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary Of Outstanding RSUs And PSUs) (Details) - RSUs And PSUs [Member] shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested units | shares	1,463
Unrecognized compensation cost | $	$ 17,335
Remaining period to recognize compensation cost	1 year 9 months 21 days

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Nov. 27, 2019	May 08, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Nov. 06, 2018	May 10, 2017
Class of Stock [Line Items]
Common stock shares authorized			100,000,000		100,000,000		100,000,000
Common stock, par value			$ 0.01		$ 0.01		$ 0.01
Preferred stock shares authorized			50,000,000		50,000,000		50,000,000
Preferred stock, par value			$ 0.01		$ 0.01		$ 0.01
Common stock shares issued			33,350,633		33,350,633		33,067,375
Common stock shares outstanding			33,350,633		33,350,633		33,067,375
Gross proceeds from issuances of common stock						$ 25,817
Number of shares authorized to be repurchased								4,500,000
Common stock shares repurchased, shares				83,000		83,000
Common stock shares repurchased, value				$ 1,400		$ 1,439
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 rolled into plan									600,000
Amended 2017 Incentive Plan [Member]
Class of Stock [Line Items]
Additional shares authorized		1,631,000
Common stock shares for stock award, available for issuance			1,000,000		1,000,000
Common stock shares issued related to vesting of RSUs					500,000	300,000
Distribution Agreement [Member]
Class of Stock [Line Items]
Aggregate offering price	$ 100,000
Available for sale			$ 100,000		$ 100,000
Common stock shares sold and issued			0	800,000	0	900,000
Gross proceeds from issuances of common stock				$ 23,700		$ 26,500
Comissions and fees paid to sales agents				$ 600		$ 700

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Anti-dilutive shares related to PSU's granted	0.8	0.6	0.8	0.6

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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Numerator
Net income	$ 49,764	$ 27,024	$ 114,340	$ 59,636
Denominator
Weighted average common shares outstanding - basic	33,350,633	30,587,487	33,299,768	30,378,860
Dilutive effect of restricted stock units	380,619	318,748	256,882	262,334
Weighted average common shares outstanding - diluted	33,731,252	30,906,235	33,556,650	30,641,194
Earnings per share:
Basic	$ 1.49	$ 0.88	$ 3.43	$ 1.96
Diluted	$ 1.48	$ 0.87	$ 3.41	$ 1.95

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Commitments and Contingencies [Abstract]
Outstanding letters of credit and performance bonds	$ 360.1	$ 344.1