Century Communities (CCS) 10-K 5 Feb 21 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Jan. 25, 2021	Jun. 30, 2020
Document and Entity Information [Abstract]
Document Type	10-K
Document Annual Report	true
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Period End Date	Dec. 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 Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 892.6
Entity Common Stock, Shares Outstanding		33,353,896
Documents Incorporated by Reference	Part III of this Annual Report on Form 10-K incorporates by reference certain portions of the registrant’s definitive proxy statement for its 2021 Annual Meeting of Stockholders to be filed with the Securities and Exchange Commission not later than 120 days after the end of the fiscal year covered by this report.
Entity Central Index Key	0001576940
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 394,001	$ 55,436
Cash held in escrow	23,149	35,308
Accounts receivable	21,781	27,438
Inventories	1,929,664	1,995,549
Mortgage loans held for sale	282,639	185,246
Prepaid expenses and other assets	122,630	124,008
Property and equipment, net	28,384	35,998
Deferred tax assets, net	12,450	10,589
Goodwill	30,395	30,395
Total assets	2,845,093	2,499,967
Liabilities:
Accounts payable	107,712	84,794
Accrued expenses and other liabilities	302,751	213,975
Notes payable	894,875	896,704
Revolving line of credit		68,700
Mortgage repurchase facilities	259,050	174,095
Total liabilities	1,564,388	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 December 31, 2020 and December 31, 2019, respectively	334	331
Additional paid-in capital	697,200	684,354
Retained earnings	583,171	377,014
Total stockholders' equity	1,280,705	1,061,699
Total liabilities and stockholders' equity	$ 2,845,093	$ 2,499,967

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
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

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenues
Total revenues	$ 3,161,192	$ 2,535,911	$ 2,147,413
Selling, general and administrative	(341,710)	(301,525)	(263,981)
Loss on debt extinguishment		(10,832)
Inventory impairment and other	(2,172)	(4,783)
Acquisition expense			(437)
Equity in income of unconsolidated subsidiaries			14,849
Other income (expense)	(2,211)	(5,190)	(905)
Income before income tax expense	270,240	132,635	128,530
Income tax expense	(64,083)	(19,641)	(32,075)
Net income	$ 206,157	$ 112,994	$ 96,455
Earnings per share:
Basic	$ 6.19	$ 3.66	$ 3.20
Diluted	$ 6.13	$ 3.62	$ 3.17
Weighted average common shares outstanding:
Basic	33,312,554	30,886,382	30,084,913
Diluted	33,610,098	31,186,952	30,391,346
Homebuilding [Member]
Revenues
Total revenues	$ 3,057,884	$ 2,492,649	$ 2,115,689
Cost of revenues	(2,490,062)	(2,048,371)	(1,745,451)
Home Sales [Member]
Revenues
Total revenues	3,027,167	2,481,465	2,110,058
Cost of revenues	(2,468,133)	(2,040,241)	(1,741,619)
Land Sales And Other [Member]
Revenues
Total revenues	30,717	11,184	5,631
Cost of revenues	(21,929)	(8,130)	(3,832)
Financial Services [Member]
Revenues
Total revenues	103,308	43,262	31,724
Cost of revenues	$ (54,797)	$ (32,575)	$ (22,958)

Consolidated Statements of Stoc

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, 2017	$ 295	$ 566,790	$ 168,148	$ 735,233
Beginning balance, shares at Dec. 31, 2017	29,503,000
Issuance of common stock, net	$ 14	30,933		30,947
Issuance of common stock, net, shares	1,439,000
Repurchase of common stock	$ (6)	(10,946)		(10,952)
Repurchase of common stock, shares	(604,000)
Repurchase of common stock upon vesting of restricted stock awards	$ (1)	(5,483)		(5,484)
Repurchase of common stock upon vesting of restricted stock awards, shares	(183,000)
Stock-based compensation expense		13,743		13,743
Net income			96,455	96,455
Ending balance at Dec. 31, 2018	$ 302	595,037	264,020	859,359
Ending balance, shares at Dec. 31, 2018	30,155,000
Adoption of ASC 606			(583)	(583)
Issuance of common stock, net	$ 27	79,025		79,052
Issuance of common stock, net, shares	2,717,000
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	$ (1)	(3,582)		(3,583)
Withholding of common stock upon vesting of restricted stock units, shares	(152,000)
Stock-based compensation expense		15,316		15,316
Net income			112,994	112,994
Ending balance at Dec. 31, 2019	$ 331	684,354	377,014	1,061,699
Ending balance, shares at Dec. 31, 2019	33,067,000
Other		(385)		$ (385)
Repurchase of common stock, shares				0
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)	(5,098)		(5,100)
Withholding of common stock upon vesting of restricted stock units, shares	(170,000)
Stock-based compensation expense		18,334		18,334
Net income			206,157	206,157
Ending balance at Dec. 31, 2020	$ 334	$ 697,200	$ 583,171	$ 1,280,705
Ending balance, shares at Dec. 31, 2020	33,351,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Operating activities
Net income	$ 206,157	$ 112,994	$ 96,455
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	13,141	13,382	12,031
Stock-based compensation expense	18,334	15,316	13,743
Fair value of mortgage loans held for sale	(7,145)	(1,566)	(2,697)
Loss on debt extinguishment		10,832
Inventory impairment and other	2,172	4,783
Deferred income taxes	(1,861)	3,174	(4,155)
Distributions from unconsolidated subsidiaries			7,432
Equity in income of unconsolidated subsidiaries			(14,849)
Loss on disposition of assets	1,425	361	1,979
Changes in assets and liabilities:
Cash held in escrow	12,159	(10,964)	13,640
Accounts receivable	5,657	(13,974)	1,227
Inventories	94,498	(129,024)	(284,977)
Mortgage loans held for sale	(90,248)	(72,853)	(61,747)
Prepaid expenses and other assets	3,142	43,108	(24,558)
Accounts payable	22,918	(5,113)	52,560
Accrued expenses and other liabilities	60,229	(39,263)	(1,662)
Net cash provided by (used in) operating activities	340,578	(68,807)	(195,578)
Investing activities
Purchases of property and equipment	(8,522)	(16,117)	(15,803)
Business combinations, net of acquired cash			(28,036)
Proceeds from sale of intangible asset		1,730
Other investing activities	117	104	303
Net cash used in investing activities	(8,405)	(14,283)	(43,536)
Financing activities
Borrowings under revolving credit facilities	678,000	1,548,500	721,000
Payments on revolving credit facilities	(746,700)	(1,682,300)	(518,500)
Proceeds from issuance of senior notes due 2027		500,000
Extinguishment of senior notes due 2022		(391,942)
Proceeds from issuance of insurance premium notes and other	5,778	13,719	11,839
Principal payments on insurance notes payable and other	(8,769)	(20,237)	(5,371)
Extinguishments of debt assumed in business combination			(94,231)
Debt financing costs	(392)	(6,140)	(3,642)
Net proceeds from mortgage repurchase facilities	84,955	69,540	56,236
Net proceeds from issuances of common stock		79,052	30,947
Withholding of common stock upon vesting of restricted stock units	(5,100)	(3,583)	(5,484)
Repurchases of common stock under stock repurchase program		(1,439)	(10,952)
Other	(385)
Net cash provided by financing activities	7,387	105,170	181,842
Net increase (decrease)	339,560	22,080	(57,272)
Cash and cash equivalents and Restricted cash, Beginning of period	58,521	36,441	93,713
Cash and cash equivalents and Restricted cash, End of period	398,081	58,521	36,441
Supplemental cash flow disclosure
Cash paid for income taxes	48,789	26,936	39,656
Cash and cash equivalents and Restricted cash
Cash and cash equivalents	394,001	55,436	32,902
Restricted cash (Note 7)	$ 4,080	$ 3,085	$ 3,539

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	1. Nature of Operations and Summary of Significant Accounting Policies Nature of Operations 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 home buyers have been identified as our Financial Services segment. 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. Through the remainder of 2020 and as of the date of this filing, we were and are able to build and sell homes in all of our markets. Principles of Consolidation The consolidated financial statements include the accounts of the Company, as well as all subsidiaries in which we have a controlling interest, and variable interest entities for which the Company is deemed to be the primary beneficiary. We do not have any variable interest entities in which we are deemed the primary beneficiary. All intercompany accounts and transactions have been eliminated. The number of lots and communities disclosed in the notes to the consolidated financial statements are unaudited. Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles (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. Cash and Cash Equivalents The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. Cash Held in Escrow Cash held in escrow consists of amounts related to the proceeds from home closings held for our benefit in escrow, which are typically held for a few days. Accounts Receivable Accounts receivable primarily consists of income tax receivables and rebates receivables. We periodically review the collectability of our accounts receivable, and, if it is determined that a receivable might not be fully collectible, an allowance is recorded for the amount deemed uncollectible. Inventories and Cost of Sales We capitalize pre-acquisition, land, development, and other allocated costs, including interest, during development and home construction. Land, development, and other common costs are allocated to inventory using the relative-sales-value method; however, as lots within a project typically have comparable market values, we generally allocate land, development, and common costs equally to each lot within the project. Home construction costs are recorded using the specific-identification method. Cost of sales for homes closed includes the allocation of construction costs of each home and all applicable land acquisition, land development, and related common costs, both incurred and estimated to be incurred. Changes to estimated total development costs subsequent to initial home closings in a community are generally allocated to the remaining homes in the community. When a home is closed, the Company generally has not paid all incurred costs necessary to complete the home, and a liability and a charge to cost of home sales revenues are recorded for the amount that is estimated will ultimately be paid related to completed homes. Inventories are carried at cost unless events and circumstances indicate that the carrying value may not be recoverable. We review for indicators of impairment at the lowest level of identifiable cash flows, which we have determined to be the community level. Indicators of impairment include, but are not limited to, significant decreases in local housing market values and selling prices of comparable homes, decreases in actual or trending gross margins or sales absorption rates, significant unforeseen cost in excess of budget, and actual or projected cash flow losses. If an indicator of impairment is identified, we estimate the recoverability of the community by comparing the estimated future cash flows on an undiscounted basis to its carrying value. If the undiscounted cash flows are more than the carrying value, the community is recoverable and no impairment is recorded. If the undiscounted cash flows are less than the community’s carrying value, we generally estimate the fair value using a discounted cash flow approach. A community with a fair value less than its carrying value is impaired and is written down to fair value. When estimating cash flows of a community, we make various assumptions, including the following: (i) expected sales prices and sales incentives to be offered, including the number of homes available, pricing and incentives being offered by us or other builders in other communities, and future sales price adjustments based on market and economic trends; (ii) expected sales pace based on local housing market conditions, competition, and historical trends; (iii) costs expended to date and expected to be incurred, including, but not limited to, land and land development costs, home construction costs, interest costs, indirect construction and overhead costs, and selling and marketing costs; and (iv) alternative uses for the property. For the year ended December 31, 2020, we recorded impairment charges on four communities totaling $ 2.2 million and for the year ended December 31, 2019, we recorded impairment charges on five communities totaling $ 2.0 million. Inventory impairments are included in inventory impairment and other in our consolidated statements of operations. Home Sales Revenues and Profit Recognition As defined in the Accounting Standards Codification (which we refer to as “ASC”) 606, Revenue from Contracts with Customers (“ASC 606”), revenues from home sales and the related profit are recorded when our performance obligations are satisfied, which generally occurs when the respective homes are closed and title has passed to our homebuyers. We generally satisfy our performance obligations in less than one year from the contract date. Proceeds from home closings that are held for our benefit in escrow, are presented as cash held in escrow on our consolidated balance sheets. Cash held for our benefit in escrow is typically held by the escrow agent for a few days. When it is determined that the earnings process is not complete and we have remaining performance obligations that are material in the context of the contract, the related revenue and costs are deferred for recognition in future periods until those performance obligations have been satisfied. Prior to satisfying our performance obligations, we typically receive deposits from customers related to sold but undelivered homes. These deposits are classified as earnest money deposits and are included in accrued expenses and other liabilities on our consolidated balance sheets. Earnest money deposits totaled $ 30.6 million and $ 10.6 million at December 31, 2020 and December 31, 2019, respectively. Performance Deposits We are occasionally required to make a land, bond, and utility deposit as each new development is started. These amounts typically are refundable as each home is delivered. Performance deposits are included in prepaid expenses and other assets on the consolidated balance sheet. Lot Option and Escrow Deposits We enter into lot option purchase agreements with unrelated parties to acquire lots for the construction of homes. Under these agreements, we have paid deposits, which in many cases are non-refundable, in consideration for the right, but not the obligation, to purchase land or lots at a future point in time with predetermined terms. Lot option and escrow deposits are included in prepaid expenses and other assets on the consolidated balance sheet. Model Homes and Sales Facilities Costs related to our model homes and sales facilities are treated in one of three ways depending on their nature. Costs directly attributable to the home including upgrades that are permanent and sold with the home are capitalized to inventory and included in cost of home sales revenues when the unit is closed to the home buyer. Marketing related costs, such as non-permanent signage, brochures and marketing materials as well as the cost to convert the model into a salable unit are expensed as incurred. Costs to furnish the model home sites, permanent signage, and construction of sales facilities are capitalized to property and equipment and depreciated over the estimated life of the community based on the number of lots in the community which typically range from 2 to 3 years. Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Depreciation is charged to expense on the straight-line basis over the estimated useful life of each asset. The estimated useful lives for each major depreciable classification of property and equipment are as follows: Years Buildings and improvements 3 – 40 years Leasehold improvements 3 – 10 years Machinery and equipment 3 – 25 years Furniture and fixtures 2 – 7 years Model furnishings 2 – 3 years Computer hardware and software 1 – 5 years Mortgage Loans Held for Sale and Revenue Recognition Mortgage loans held for sale, including the rights to service the mortgage loans, mortgage loans in process for which interest rates were committed to the borrowers (referred to as “interest rate lock commitments”), as well as the derivative instrument used to economically hedge our interest rate risk, which are typically forward commitments on mortgage-backed securities and interest rate lock commitments, are carried at fair value. Changes in fair value are reflected in financial services revenue on the consolidated statement of operations. Management believes carrying loans held for sale at fair value improves financial reporting by mitigating volatility in reported earnings caused by measuring the fair value of the loans, interest rate lock commitments, and the derivative instruments used to economically hedge them. Also included in financial services revenue are gains and losses from the sale of mortgage loans held for sale, which are recognized based upon the difference between the sales proceeds and carrying value of the related loans upon sale and loan origination fees. Loan origination fees represent revenue earned from originating mortgage loans, which generally represent a flat per loan fee based on a percentage of the original principal loan balance and are recognized at the time the mortgage loans are funded. A mortizable Intangible Assets Amortizable intangible assets consist of the estimated fair value of non-compete agreements, trade names, and home plans associated with our historical acquisitions. These acquisitions were accounted for as business combinations as defined in ASC 805, Business Combinations . A high degree of judgment is made by management on variables, such as revenue growth rates, profitability, and discount rates, when calculating the value of the intangible assets. The identified intangible assets are amortized over their respective estimated useful lives. Non-compete agreements, trade names and other intangible assets are amortized to selling, general and administrative expenses in the consolidated statements of operations. During the year ended December 31, 2019, the Company impaired its trade name intangible asset associated with Wade Jurney Homes resulting in a $ 2.8 million loss and sold a cell phone tower lease, which resulted in a gain of $ 0.8 million. The estimated lives for each major amortizable classification of intangible assets are as follows: Years Non-compete agreements 2 – 5 years Home plans 7 years Earnest Money Deposits We collect earnest money deposits at the time a home buyer’s contract is accepted. Earnest money deposits held on homes under contract as of December 31, 2020 and 2019, totaled $ 30.6 million and $ 10.6 million, respectively, and are included in accrued expenses and other liabilities on the consolidated balance sheets. Stock-Based Compensation We account for stock-based awards in accordance with ASC 718, Compensation—Stock Compensation . ASC 718 requires us to estimate the grant date fair value of stock-based compensation awards and to recognize the fair value as compensation costs over the requisite service period, which is generally three years, for all awards that vest. We value our restricted stock units equal to the closing price of our common stock on the New York Stock Exchange on the date of grant. Stock-based compensation expense associated with outstanding performance share units is measured using the grant date fair value and is based on the estimated achievement of the established performance criteria at the end of each reporting period until the performance period ends, recognized on a straight-line basis over the performance period. Stock-based compensation expense is only recognized for performance share units that we expect to vest, which we estimate based upon an assessment of the probability that the performance criteria will be achieved. The performance share units granted during the fiscal years ended December 31, 2020 and 2019 have three year performance-based metrics measured over performance periods from January 1, 2020 to December 31, 2022 and January 1, 2019 to December 31, 2021, respectively. Stock-based compensation expense associated with outstanding performance share units is updated for actual forfeitures. Income Taxes We account for income taxes in accordance with ASC 740, Income Taxes , which requires recognition of deferred tax assets and liabilities at enacted income tax rates for the temporary differences between the financial reporting bases and the tax bases of its assets and liabilities. Any effects of changes in income tax rates or tax laws are included in the provision for income taxes in the period of enactment. When it is more likely than not that a portion or all of a deferred tax asset will not be realized in the future, the Company records a corresponding valuation allowance against the deferred tax asset. As of December 31, 2020 and 2019, we had no valuation allowance recorded against our deferred tax assets. In addition, when it is more likely than not that a tax position will be sustained upon examination by a tax authority that has full knowledge of all relevant information, the Company measures the amount of tax benefit from the position and records the largest amount of tax benefit that is more likely than not of being realized after settlement with a tax authority. The Company’s policy is to recognize interest to be paid on an underpayment of income taxes in interest expense and any related statutory penalties in the provision for income taxes on the consolidated statements of operations. As of December 31, 2020 and 2019, we had no reserves for uncertain tax positions. Goodwill We evaluate goodwill for possible impairment in accordance with ASC 350, Intangibles–Goodwill and Other, on an annual basis, or more frequently if events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. We use a two step process to assess whether or not goodwill can be realized. The first step is a qualitative assessment that analyzes current economic indicators associated with a particular reporting unit. If the qualitative assessment indicates a stable or improved fair value, no further testing is required. If a qualitative assessment indicates that a significant decline to fair value of a reporting unit is more likely than not, we will proceed to the second step where we calculate the fair value of a reporting unit based on discounted future cash flows. If this step indicates that the carrying value of a reporting unit is in excess of its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. As of December 31, 2020 and 2019, we determined our goodwill was no t impaired. Business Combinations We account for business combinations in accordance with ASC 805, Business Combinations , if the acquired assets assumed and liabilities incurred constitute a business. We consider acquired companies to constitute a business if the acquired net assets and processes have the ability to create outputs in the form of revenue. For acquired companies constituting a business, we recognize the identifiable assets acquired and liabilities assumed at their acquisition-date fair values and recognize any excess of total consideration paid over the fair value of the identifiable net assets as goodwill. Variable Interest Entities (“VIEs”) We review land option contracts where we have a non-refundable deposit to determine whether the corresponding land seller is a VIE and, if so, whether we are the primary beneficiary. In determining whether we are the primary beneficiary, we consider, among other things, whether we have the power to direct the activities that most significantly impact the economic performance of the VIE. In making this determination, we consider whether we have the power to direct certain activities, including, but not limited to, determining or limiting the scope or purpose of the VIE, the ability to sell or transfer property owned or controlled by the VIE, or arranging financing for the VIE. We are not the primary beneficiary of any VIE as of December 31, 2020 and 2019. We analyzed each of our land option contracts to determine whether the land seller is a VIE and, if so, whether we are the primary beneficiary. Although we do not have legal title to the underlying land, we are required to consolidate a VIE if we are the primary beneficiary. As a result of our analysis, we determined that as of December 31, 2020, we were not the primary beneficiary of any VIE from which we have acquired rights to land under the land option contract. As of December 31, 2020, and 2019, we had non-refundable cash deposits totaling $ 31.3 million and $ 40.0 million, respectively, classified in prepaid expenses and other assets in our consolidated balance sheets for land option contracts. The non-refundable deposit is our maximum exposure to loss for the transactions as of December 31, 2020 and 2019, respectively. Advertising and Marketing Costs Advertising and marketing costs are expensed as incurred and totaled $ 11.3 million, $ 17.0 million and $ 17.4 million for the years ended December 31, 2020, 2019 and 2018, respectively. Advertising and marketing costs are included in selling, general and administrative on the consolidated statement of operations. Reclassifications Certain prior period amounts have been reclassified to conform to current period presentation. 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 Income Taxes 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	12 Months Ended
	Dec. 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: entry-level, 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 Century Communities 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 it serves to support our homebuilding, and to a lesser extent our financial services operations, through functions, such as our executive, finance, treasury, human resources, accounting and legal departments. The following table summarizes total revenue and income before income tax expense by segment (in thousands): Year ended December 31, 2020 2019 2018 Revenue: West $ 683,138 $ 534,613 $ 459,254 Mountain 860,041 729,045 701,985 Texas 339,346 252,921 213,508 Southeast 672,790 548,661 530,891 Century Complete 502,569 427,409 210,051 Financial Services 103,308 43,262 31,724 Corporate — — — Total revenue $ 3,161,192 $ 2,535,911 $ 2,147,413 Income (loss) before income tax expense: West $ 71,417 $ 43,027 $ 38,380 Mountain 114,722 89,201 89,048 Texas 34,694 25,866 13,682 Southeast 57,181 31,435 33,267 Century Complete 33,449 22,044 ( 754 ) Financial Services 48,511 10,687 8,766 Corporate ( 89,734 ) ( 89,625 ) ( 53,859 ) Total income before income tax expense $ 270,240 $ 132,635 $ 128,530 The following table summarizes total assets by segment (in thousands): December 31, December 31, 2020 2019 West $ 536,907 $ 610,248 Mountain 778,198 635,201 Texas 207,746 232,887 Southeast 329,930 441,818 Century Complete 218,604 244,827 Financial Services 421,153 254,282 Corporate 352,555 80,704 Total assets $ 2,845,093 $ 2,499,967 Corporate assets include certain cash and cash equivalents, certain property and equipment, prepaid insurance, and deferred financing costs on our revolving line of credit.

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2020
Business Combinations [Abstract]
Business Combinations	3. Business Combinations WJH, LLC – Wade Jurney Homes On June 14, 2018, we acquired the remaining 50 % ownership interest in WJH, LLC (“WJH”) for $ 37.5 million, whereby WJH became a 100 % owned subsidiary of the Company. We initially acquired a 50 % ownership interest in WJH in November 2016 as part of a joint venture, which was accounted for under the equity method of accounting. We subsequently rebranded Wade Jurney Homes as Century Complete (“CMP”). Our Century Complete brand targets first-time homebuyers, primarily sells homes through retail studios and the internet, and provides no option or upgrade selections . The acquired assets primarily include homes under construction that are in various stages of completion and are geographically dispersed. We determined that the fair value of the gross assets acquired was not concentrated in a single identifiable asset or group of similar identifiable assets. As the acquired assets and processes have the ability to create outputs in the form of revenue from the sale of single-family residences, we concluded that the acquisition represents a business combination. We incurred $ 0.4 million in acquisition costs during the year ended December 31, 2018, which are reflected in acquisition expenses in our consolidated statements of operations. Authoritative guidance on accounting for business combinations requires that an acquirer re-measure its previously held equity interest in the acquisition at its acquisition date fair value and recognize the resulting gain or loss in earnings. As such, we valued our previously held equity interest in WJH at $ 35.6 million, which is inclusive of an estimated discount for lack of control of $ 1.9 million, and recognized a gain of $ 7.2 million during the year ended December 31, 2018. The gain is included in equity in income of unconsolidated subsidiaries on our consolidated statements of operations. The following table outlines the total consideration transferred, inclusive of cash acquired and the fair value of our previously held equity interest (in thousands): Cash consideration transferred for 50% ownership interest $ 37,500 Previously held equity interest acquisition date fair value 35,625 Net assets acquired $ 73,125 The following table summarizes our preliminary estimates of the assets acquired and liabilities assumed as of the acquisition date (in thousands): Cash and cash equivalents $ 9,464 Cash held in escrow 260 Accounts receivable 1,042 Inventories 156,828 Prepaid expenses and other assets 7,710 Amortizable intangible assets 3,600 Goodwill 3,317 $ 182,221 Accounts payable $ 12,516 Accrued expenses and other liabilities 2,349 Senior notes and revolving line of credit 94,231 Total liabilities 109,096 Net assets acquired $ 73,125 Acquired inventories consist primarily of work in process inventories. We estimated the fair value of acquired work in process inventories based upon the stage of production of each unit and a gross margin that we believe a market participant would require to complete the remaining development and requisite selling efforts. The stage of production, as of the acquisition date, ranged from recently started lots to fully completed single-family residences. Amortizable intangible assets included acquired trade names and a non-compete agreement, which were estimated to have fair values of $ 3.3 million and $ 0.3 million, respectively, and are amortized over 10 years and 2 years, respectively. During the year ended December 31, 2019, we impaired our Wade Jurney Homes trade name of $ 3.3 million and $ 0.5 million of associated accumulated amortization, resulting in a $ 2.8 million loss, which is included in inventory impairment and other in our consolidated statements of operations. The purchase price accounting reflected in the accompanying financial statements was completed during the year ended December 31, 2019. We determined that WJH’s carrying costs approximated fair value for all other acquired assets and assumed liabilities. From the acquisition date, WJH’s results of operations, which include homebuilding revenues of $ 210.1 million, and income before tax inclusive of purchase price accounting, of $( 0.8 ) million, are included in our accompanying consolidated statement of operations for the year ended December 31, 2018. Unaudited Pro Forma Financial Information Unaudited pro forma revenue and income before tax expense for the year ended December 31, 2018 gives effect to the results of the acquisition of WJH. The effect of the WJH acquisition is reflected as though the acquisition date was as of January 1, 2018. Unaudited pro forma income before tax expense adjusts the operating results of WJH to reflect the additional costs that would have been recorded assuming the fair value adjustments had been applied as of the beginning of the year preceding the year of acquisition and excludes acquisition expense incurred related to the transactions. Year ended December 31, 2018 Total revenues $ 2,297,804 Income before tax expense $ 148,245 Income tax expense ( 37,061 ) Net income $ 111,184 Less: Undistributed earnings allocated to participating securities ( 68 ) Numerator for basic and diluted pro forma EPS $ 111,116 Pro forma weighted average shares-basic 30,084,913 Pro forma weighted average shares-diluted 30,391,346 Pro forma basic EPS $ 3.69 Pro forma diluted EPS $ 3.66

Inventory

Inventory	12 Months Ended
	Dec. 31, 2020
Inventory [Abstract]
Inventory	4. Inventory Inventory included the following (in thousands): December 31, December 31, 2020 2019 Homes under construction $ 1,040,584 $ 1,091,576 Land and land development 828,242 836,904 Capitalized interest 60,838 67,069 Total inventories $ 1,929,664 $ 1,995,549

Financial Services

Financial Services	12 Months Ended
	Dec. 31, 2020
Financial Services [Abstract]
Financial Services	5. Financial Services Our Financial Services are principally comprised of our mortgage lending operations, 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 rights 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 (“interest rate lock commitments”) totaled approximately $ 172.3 million and $ 37.6 million at December 31, 2020 and 2019, respectively, and carried a weighted average interest rate of approximately 2.8 % and 3.9 %, respectively. As of December 31, 2020 and 2019, Inspire had mortgage loans held for sale with an aggregate fair value of $ 282.6 million and $ 185.2 million, respectively, and an aggregate outstanding principal balance of $ 269.6 million and $ 179.3 million, respectively. Our net gains on the sale of mortgage loans were $ 72.8 million, $ 32.2 million and $ 22.0 million for the years ended December 31, 2020, 2019, and 2018, respectively, and are included in the financial services revenue on the consolidated statements of operations. Interest rate risks related to these obligations are typically mitigated by the preselling of loans to investors or through our interest rate hedging program .

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2020
Property and Equipment [Abstract]
Property and Equipment	6. Property and Equipment Property and equipment included the following (in thousands): December 31, December 31, 2020 2019 Land $ 2,245 $ 3,289 Buildings and improvements 3,880 3,849 Leasehold improvements 3,703 3,138 Machinery and equipment 11,752 11,058 Furniture and fixtures 2,895 2,657 Model furnishings 27,109 29,829 Computer hardware and software 13,572 11,765 65,156 65,585 Less accumulated depreciation ( 36,772 ) ( 29,587 ) Total property and equipment, net $ 28,384 $ 35,998

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets	12 Months Ended
	Dec. 31, 2020
Prepaid Expenses and Other Assets [Abstract]
Prepaid Expenses and Other Assets	7. Prepaid Expenses and Other Assets Prepaid expenses and other assets included the following (in thousands): December 31, December 31, 2020 2019 Prepaid insurance $ 18,699 $ 26,175 Lot option and escrow deposits 39,985 48,810 Performance deposits 9,372 6,299 Deferred financing costs on revolving line of credit, net 3,206 4,574 Restricted cash (1) 4,080 3,085 Secured note receivable 2,434 2,602 Right of use assets 16,175 18,854 Other assets and prepaid expenses 8,082 8,842 Mortgage loans held for investment 8,727 3,385 Derivative assets and mortgage servicing rights 11,870 1,382 Total prepaid expenses and other assets $ 122,630 $ 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	12 Months Ended
	Dec. 31, 2020
Accrued Expenses and Other Liabilities [Abstract]
Accrued Expenses and Other Liabilities	8. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities included the following (in thousands): December 31, December 31, 2020 2019 Earnest money deposits $ 30,578 $ 10,592 Warranty reserve 13,824 9,731 Accrued compensation costs 60,692 30,888 Land development and home construction accruals 80,088 110,284 Liability for product financing arrangements 62,084 3,848 Accrued interest 13,649 14,562 Lease liabilities - operating leases 16,801 19,306 Income taxes payable 3,118 329 Derivative liability 3,807 147 Other accrued liabilities 18,110 14,288 Total accrued expenses and other liabilities $ 302,751 $ 213,975

Warranties

Warranties	12 Months Ended
	Dec. 31, 2020
Warranties [Abstract]
Warranties	9. 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 a model that incorporates historical payment trends and adjust the amounts recorded if necessary. Based on favorable warranty payment trends relative to our estimates at the time of home closing, we reduced our warranty reserve by $ 2.4 million, $ 1.9 million and $ 3.4 million during the years ended December 31, 2020, 2019 and 2018, respectively, which is included as a reduction to cost of home sales revenues on our consolidated statements of operations. Changes in our warranty accrual for the years ended December 31, 2020, 2019, and 2018 are detailed in the table below (in thousands): Year ended December 31, 2020 2019 2018 Beginning balance $ 9,731 $ 7,970 $ 8,531 Warranty reserve assumed in business combination — — 397 Warranty expense provisions 9,592 7,727 6,686 Payments ( 3,056 ) ( 4,024 ) ( 4,204 ) Warranty adjustment ( 2,443 ) ( 1,942 ) ( 3,440 ) Ending balance $ 13,824 $ 9,731 $ 7,970

Debt

Debt	12 Months Ended
	Dec. 31, 2020
Debt [Abstract]
Debt	10. Debt Our outstanding debt obligations included the following as of December 31, 2020 and 2019 (in thousands): December 31, December 31, 2020 2019 6.750 % senior notes, due May 2027 (1) $ 494,768 $ 494,307 5.875 % senior notes, due July 2025 (1) 396,821 396,120 Other financing obligations 3,286 6,277 Notes payable 894,875 896,704 Revolving line of credit, due April 2023 — 68,700 Mortgage repurchase facilities 259,050 174,095 Total debt $ 1,153,925 $ 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. Issuance of Initial 6.750% Senior Notes Due 2027 In May 2019, we completed a private offering of $ 500.0 million aggregate principal amount of the Company’s Initial 6.750 % Senior Notes due 2027 (which we refer to as the “Initial Notes due 2027”) in reliance on Rule 144A and Regulation S under the Securities Act of 1933 (which we refer to as the “Securities Act”). The Initial Notes due 2027 were issued under the Indenture, dated as of May 23, 2019, among the Company, our subsidiary guarantors party thereto, and U.S. Bank National Association, as trustee (which we refer to as the “May 2019 Indenture,” as it may be supplemented or amended from time to time). The Initial Notes due 2027 were issued at 100 % of their principal amount and we received net proceeds of $ 493.9 million. In connection with this issuance, we deferred $ 6.1 million of issuance costs, which is presented in the notes payable line item of the consolidated balance sheet. In February 2020, we completed an offer to exchange approximately $ 500.0 million in aggregate principal amount of our Initial Notes due 2027, which are registered under the Securities Act (which we refer to as the “Exchange Notes due 2027”), for an equivalent amount of the Initial Notes due 2027 that were tendered and accepted for exchange. The terms of the Exchange Notes due 2027 are identical in all material respects to the Initial Notes due 2027, except that the Exchange Notes due 2027 are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions that are applicable to the Initial Notes due 2027 do not apply to the Exchange Notes due 2027. The Initial Notes due 2027 and Exchange Notes due 2027 (which we refer to collectively, as the “Existing Notes due 2027”) will be treated as a single series of notes under the May 2019 Indenture, and will vote as a single class of notes for all matters submitted to a vote of holders under the May 2019 Indenture. The Existing Notes due 2027 are unsecured senior obligations which are guaranteed on an unsecured senior basis by certain of our current and future subsidiaries. The May 2019 Indenture governing the Existing Notes due 2027 contains certain restrictive covenants on issuing future secured debt and other transactions. The aggregate principal balance of the Existing Notes due 2027 is due July 2027, with interest only payments due semi-annually in June and December of each year, which began on December 1, 2019. As of December 31, 2020, the aggregate obligation, inclusive of unamortized financing costs on the Existing Notes due 2027, was $ 494.8 million. 5.875% Senior Notes Due 2025 In May 2017, we completed a private offering of $ 400 million in aggregate principal amount of our 5.875 % Senior Notes due 2025 (which we refer to as the “Initial Notes due 2025”) in reliance on Rule 144A and Regulation S under the Securities Act. The May 2017 Senior Notes were issued under the Indenture, dated as of May 12, 2017, among the Company, our subsidiary guarantors party thereto, and U.S Bank National Association, as trustee (which we refer to as the “May 2017 Indenture,” as it may be supplemented or amended from time to time). The Initial Notes due 2025 were issued at a price equal to 100.00 % of their principal amount, and we received net proceeds of approximately $ 395.5 million. In December 2017, we completed an offer to exchange approximately $ 400.0 million in aggregate principal amount of our Initial Notes due 2025 , which are registered under the Securities Act (which we refer to as the “Exchange Notes due 2025”), for an equivalent amount of the Initial Notes due 2025 that were tendered and accepted for exchange. The terms of the Exchange Notes due 2025 are identical in all material respects to the Initial Notes due 2025, except that the Exchange Notes due 2025 are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions that are applicable to the Initial Notes due 2025 do not apply to the Exchange Notes due 2025. The Initial Notes due 2025 and Exchange Notes due 2025 (which we refer to collectively, as the “Existing Notes due 2025”) will be treated as a single series of notes under the May 2017 Indenture, and will vote as a single class of notes for all matters submitted to a vote of holders under the May 2017 Indenture. The Existing Notes due 2025 are unsecured senior obligations which are guaranteed on an unsecured senior basis by certain of our current and future subsidiaries. The May 2017 Indenture governing the Existing Notes due 2025 contains certain restrictive covenants on issuing future secured debt and other transactions. The aggregate principal balance of the Existing Notes due 2025 is due July 2025, with interest only payments due semi-annually in January and July of each year. As of December 31, 2020, the aggregate obligation, inclusive of unamortized financing costs on the Existing Notes due 2025 was $ 396.8 million . Extinguishment of 6.875% Senior Notes Due 2022 During the year ended December 31, 2019, we extinguished $ 385.0 million in outstanding principal of our Notes due 2022. The extinguishment was the result of two separate transactions whereby a tender offer validly tendered $ 189.3 million of the Notes due 2022 on March 23, 2019 and the remaining $ 195.7 million was redeemed in accordance with the Indenture on June 10, 2019. The transaction resulted in a loss of $ 10.8 million, which is presented in loss on debt extinguishment in the consolidated statement of operations for the year ended December 31, 2019. 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, in the Administrative Agent’s discretion, a base rate plus an applicable margin between 1.60 % and 2.10 % per annum. As of December 31, 2020, no amounts were 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”), which were increased during 2020, provide Inspire with uncommitted repurchase facilities of up to $ 350 million as of December 31, 2020, secured by the mortgage loans financed thereunder. The repurchase facilities have varying short term maturity dates through September 2021 and bear a weighted average interest rate of 2.68 %. 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 December 31, 2020 and 2019, we had $ 259.1 million and $ 174.1 million outstanding under these Repurchase Facilities, respectively, and were in compliance with all covenants thereunder. During the years ended December 31, 2020 and 2019, we incurred interest expense on our Repurchase Facilities of $ 3.0 million and $ 2.7 million, respectively, which are included in financial services costs on our consolidated statements of operations. Other Financing Obligations As of December 31, 2020, we had $ 2.0 million of outstanding land development notes and $ 1.3 million of outstanding insurance premium notes, compared to $ 3.0 million of outstanding land development notes and $ 3.3 million outstanding insurance premium notes for the year ended December 31, 2019. Aggregate annual maturities of debt as of December 31, 2020 are as follows (in thousands): 2021 $ 262,296 2022 40 2023 — 2024 — 2025 400,000 Thereafter 500,000 Total 1,162,336 Less: Discount and deferred financing costs, net on senior notes ( 8,411 ) Carrying amount $ 1,153,925 During the years ended December 31, 2020 and 2019, we paid approximately $ 66.8 million and $ 74.9 million, respectively, in interest expense payments.

Interest

Interest	12 Months Ended
	Dec. 31, 2020
Interest [Abstract]
Interest	11. 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 years ended December 31, 2020, 2019, and 2018, we capitalized all interest costs incurred during these periods, except for interest incurred on our mortgage repurchase facilities. Our interest costs are as follows (in thousands): Year ended December 31, 2020 2019 2018 Interest capitalized beginning of period $ 67,069 $ 53,842 $ 41,762 Interest capitalized during period 65,771 74,377 60,772 Less: capitalized interest in cost of sales ( 72,002 ) ( 61,150 ) ( 48,692 ) Interest capitalized end of period $ 60,838 $ 67,069 $ 53,842

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Taxes [Abstract]
Income Taxes	12. Income Taxes On March 27, 2020, the Coronavirus Aid, Relief and Economic Security (“CARES”) Act was enacted and signed into law. The CARES Act, among other things, provides various income and payroll tax provisions to provide economic and other relief from the COVID-19 pandemic. The CARES Act does not have a material impact on our income tax expense or effective tax rate for 2020. On December 22, 2017, the Tax Cuts and Jobs Act (“TCJA”) was signed into law. The TCJA, among other things, reduced the federal corporate income tax rate from 35 % to 21 %, effective January 1, 2018, and eliminated several business deductions and credits, including deductions for certain executive compensation in excess of $1 million. Our income tax expense for the years ended December 31, 2020, 2019 and 2018 comprises the following current and deferred amounts (in thousands): Year Ended December 31, 2020 2019 2018 Current Federal $ 51,741 $ 9,113 $ 27,815 State and local 14,203 7,354 8,415 Total current 65,944 16,467 36,230 Deferred Federal ( 1,375 ) 2,528 ( 3,182 ) State and local ( 486 ) 646 ( 973 ) Total deferred ( 1,861 ) 3,174 ( 4,155 ) Income tax expense $ 64,083 $ 19,641 $ 32,075 Total income tax expense differed from the amounts computed by applying the federal statutory income tax rate of 21 % for the years ended December 31, 2020, 2019, and 2018, to income before income taxes as a result of the following items (in thousands): Year Ended December 31, 2020 2019 2018 Statutory income tax expense $ 56,730 $ 27,844 $ 26,991 State income tax expense, net of federal income tax expense 11,153 5,483 4,847 Executive compensation 4,566 4,123 2,760 Excess tax benefits upon vesting of share based payment awards ( 108 ) ( 252 ) ( 1,276 ) Remeasurement of deferred tax assets - - 1,548 Federal energy credits ( 8,549 ) ( 17,256 ) ( 2,426 ) State tax credits ( 900 ) - - Other 1,191 ( 301 ) ( 369 ) Income tax expense $ 64,083 $ 19,641 $ 32,075 Income tax expense for the year ended December 31, 2020, 2019, and 2018 is impacted by benefits of $ 8.5 million, $ 17.3 million, and $ 2.4 million, respectively, associated with the Energy Efficient Home Credit under IRS §45L (which we refer to as “Federal Energy Credits”). The Federal Energy Credits provide eligible contractors a federal income tax credit of $ 2,000 for each home delivered that meets the energy saving and certification requirements under the statute. The Federal Energy Credits had previously expired and were not available to be claimed for any home which was delivered after December 31, 2017. However, on December 20, 2019 an extension of the Federal Energy Credits was enacted into law, which extended the availability of the credit to homes delivered during the years ended December 31, 2018, 2019 and 2020. On December 27, 2020, an extension of the Federal Energy Credits was enacted into law, extending the current provisions through December 31, 2021. Deferred income tax assets and liabilities are recognized for the future tax consequences of temporary differences. Temporary differences arise when revenues and expenses for financial reporting are recognized for tax purposes in a different period. ASC 740 requires that a valuation allowance be recorded against deferred tax assets unless it is more likely than not that the deferred tax asset will be utilized. As a result of this analysis, the Company has no t recorded a valuation allowance against its deferred tax assets. The Company will continue to evaluate the need to record valuation allowances against deferred tax assets and will make adjustments in accordance with the accounting standard. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities at December 31, 2020 and 2019 (in thousands): As of December 31, 2020 2019 Deferred tax assets Warranty reserves $ 3,389 $ 2,356 Amortizable intangible assets 1,464 2,183 Stock-based compensation 841 598 Accrued compensation and other 10,206 2,775 Inventories, additional costs capitalized for tax 2,028 8,206 Other 330 - Deferred tax asset 18,258 16,118 Deferred tax liabilities Prepaid expenses ( 141 ) ( 264 ) Property and equipment ( 4,658 ) ( 5,265 ) Mortgage servicing rights ( 1,009 ) - Deferred tax liability ( 5,808 ) ( 5,529 ) Net deferred tax asset $ 12,450 $ 10,589 The uncertainty provisions of ASC 740 also require the Company to recognize the impact of a tax position in its consolidated financial statements only if the technical merits of that position indicate that the position is more likely than not of being sustained upon audit. During the year, the Company did no t record a reserve for uncertain tax positions. We file income tax returns in the U.S. federal jurisdiction and various state jurisdictions. We are subject to U.S. federal income tax and various state income tax examinations for calendar tax years ending 2015 through 2020 .

Fair Value Disclosures

Fair Value Disclosures	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Disclosures	13. Fair Value Disclosures Fair value measurements are used for the Company’s mortgage loans held for sale, mortgage loans held for investment, mortgage servicing rights, interest rate lock commitments and other derivative instruments on a recurring basis. We also utilize fair value measurements on a non-recurring basis for inventories, and intangible assets when events and circumstances indicate that the carrying value is not recoverable. The fair value hierarchy and its application to the Company’s assets and liabilities is as follows: 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.  Mortgage loans held for sale – Fair value is based on quoted market prices for committed mortgage loans.  Derivative assets and liabilities – Derivative assets and liabilities are related to our financial services segments and f air value is based on market prices for similar instruments. Level 3 – Valuations derived from techniques where one or more significant inputs or significant value drivers are unobservable in active markets at measurement date.  Mortgage servicing rights - The fair value of the mortgage servicing rights is calculated using third-party valuations. The key assumptions, which are generally unobservable inputs, used in the valuation of the mortgage servicing rights include mortgage prepayment rates, discount rates and delinquency rates.  Mortgage loans held for investment – The fair value of mortgage loans held for investment is calculated based on Level 3 analysis which incorporates information including the value of underlying collateral, from markets where there is little observable trading activity. The following outlines the Company’s assets and liabilities measured at fair value on a recurring basis at December 31, 2020 and 2019, and the changes in the fair value of the Level 3 assets during the year ended December 31, 2020 and 2019: As of December 31, Balance Sheet Classification Hierarchy 2020 2019 Mortgage loans held for sale Mortgage loans held for sale Level 2 $ 282,639 $ 185,246 Mortgage loans held for investment Prepaid expenses and other assets Level 3 $ 8,727 $ 3,385 Derivative assets Prepaid expenses and other assets Level 2 $ 7,755 $ 1,382 Mortgage servicing rights (1) Prepaid expenses and other assets Level 3 $ 4,115 $ — Derivative liabilities Accrued expenses and other liabilities Level 2 $ 3,807 $ 147 (1) The unobservable inputs used in the valuation of the mortgage servicing rights include mortgage prepayment rates, discount rates and delinquency rates, which were 10.4 %, 9.8 %, and 0.6 %, respectively. The following table represents the reconciliation of the beginning and ending balance for the Level 3 recurring fair value measurements: Year Ended December 31, Mortgage servicing rights: 2020 2019 Beginning of year $ — $ — Originations 4,115 — Disposals/settlements — — Changes in fair value — — End of year $ 4,115 $ — Year Ended December 31, Mortgage loans held for investment 2020 2019 Beginning of year $ 3,385 $ 954 Originations 7,050 3,104 Disposals/settlements ( 1,525 ) ( 555 ) Reduction in unpaid principal balance ( 111 ) ( 39 ) Changes in fair value ( 72 ) ( 79 ) End of year $ 8,727 $ 3,385 For the financial assets and liabilities that the Company does not reflect at fair value, the following present both their respective carrying value and fair value at December 31, 2020 and 2019. December 31, 2020 December 31, 2019 Hierarchy Carrying Fair Value Carrying Fair Value Cash and cash equivalents Level 1 $ 394,001 $ 394,001 $ 55,436 $ 55,436 Secured notes receivable (1) Level 2 $ 2,434 $ 2,448 $ 2,602 $ 2,545 5.875% senior notes (2)(3) Level 2 $ 396,821 $ 417,500 $ 396,120 $ 415,680 6.750% senior notes (2)(3) Level 2 $ 494,768 $ 533,750 $ 494,307 $ 537,500 Revolving line of credit (4) Level 2 $ — $ — $ 68,700 $ 68,700 Other financing obligations (4)(5) Level 3 $ 3,286 $ 3,286 $ 6,277 $ 6,277 Mortgage repurchase facilities (4) Level 2 $ 259,050 $ 259,050 $ 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) Estimated fair value of the senior notes is based on recent trading activity in inactive markets. (3) Carrying amounts include any associated unamortized deferred financing costs, premiums and discounts. As of December 31, 2020, these amounts totaled $ 5.2 million and $ 3.2 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. (4) Carrying amount approximates fair value due to short-term nature and interest rate terms. (5) Insurance premium notes included in other financing obligations bore interest rates ranging from 3.278 % to 3.240 % during the year ended December 31, 2020 and during the year ended December 31, 2019. During the year ended December 31, 2020, we determined that inventory with a carrying value before impairment of $ 12.0 million within four communities across our Texas and Century Complete segments was not recoverable. Accordingly, we recognized impairment charges of an aggregate $ 2.2 million to reflect the estimated fair value of the communities of $ 9.8 million. The estimated fair value of the communities was determined through a discounted cash flow approach utilizing Level 3 inputs. Changes in our cash flow projections may change our conclusions on the recoverability of inventory in future periods.

Leases

Leases	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Leases	14. Leases Under ASC 842, the Company determines if a contract is or contains a lease at inception or modification of a contract. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. Control over the use of the identified asset means the lessee has both (a) the right to obtain substantially all of the economic benefits from the use of the asset and (b) the right to direct the use of the asset. We primarily enter into operating leases for the right to use office space and computer and office equipment, which have lease terms that generally range from 1 to 7 years and often include one or more options to renew. We include renewal terms in the lease term when it is reasonably certain that we will exercise the option. We establish a right of use asset and a lease liability at the commencement date of the lease based on the present value of future minimum lease payments. As the rate implicit in each lease is not readily determinable, we utilize our incremental borrowing rate in determining the present value of future minimum payments. Our incremental borrowing rate is determined based on information available at the commencement date. We account for the lease components and non-lease components as a single lease component. As of December 31, 2020, the Company had $ 16.2 million and $ 16.8 million recognized as a right of use asset and lease liability, respectively, which are presented on the consolidated balance sheet within prepaid expenses and other assets and accrued expenses and other liabilities, respectively. As of December 31, 2019, the Company had $ 18.9 million and $ 19.3 million recognized as a right of use asset and lease liability, respectively. The Company has entered into various short-term operating leases, primarily for marketing billboards, with an initial term of twelve months or less. These leases are not recorded on the Company's consolidated balance sheet. Under ASC 842, operating lease expense is recognized on a straight-line basis over the lease term. Operating lease expense was $ 6.5 million and $ 5.9 million for the years ended December 31, 2020, and 2019, respectively, which are presented on the consolidated statement of operations within selling, general, and administrative expense. Information related to the Company’s right of use asset and lease liability were as follows (in thousands): Year Ended December 31, 2020 Year Ended December 31, 2019 Cash paid for operating lease liabilities $ 6,074 $ 5,361 Right-of-use assets obtained in exchange for new operating lease obligations $ 2,815 $ 5,225 Weighted-average remaining lease term 3.52 years 4.13 years Weighted-average discount rate 5.64 % 6.22 % Maturities of lease liabilities as of December 31, 2020 were as follows (in thousands): 2021 $ 5,649 2022 4,922 2023 4,208 2024 2,911 2025 837 Thereafter — Total $ 18,527 Less: discount ( 1,726 ) Total lease liabilities $ 16,801

Post-Retirement Plan

Post-Retirement Plan	12 Months Ended
	Dec. 31, 2020
Post-Retirement Plan [Abstract]
Post-Retirement Plan	15. Post-Retirement Plan The Company has 401(k) plans available to substantially all employees. The Company generally makes matching contributions of 50 % of employees’ salary deferral amounts on the first 6 % of employees’ compensation. Contributions to the plans during the years ended December 31, 2020, 2019 and 2018 were $ 2.5 million, $ 1.9 million and $ 1.9 million, respectively.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2020
Stock-Based Compensation [Abstract]
Stock-Based Compensation	16. Stock-Based Compensation During the years ended December 31, 2020, 2019, and 2018, we granted performance share units (which we refer to as “PSUs”) covering up to 0.3 million shares of common stock in each year, assuming maximum level of performance, with grant date fair values of $ 26.38 , $ 22.01 , and $ 28.10 , respectively, per share that are subject to both service and performance vesting conditions. The quantity of shares that will vest under the PSUs range from 0 % to 250 % of a targeted number of shares for each participant and will be determined based on an achievement of a 3 year pre-tax income performance goal. During the years ended December 31, 2020, 2019 and 2018, we also granted restricted stock units (which we refer to as “RSUs”) covering 0.4 million, 0.6 million and 0.3 million shares of common stock, respectively, with grant date fair values of $ 30.44 , $ 23.85 and $ 30.43 per share, respectively, that vest over a 1 to 3 year period. Prior to 2017, we had granted restricted stock awards (“RSAs”) which fully vested during the year ended December 31, 2018. The following table summarizes the activity of our PSUs, RSUs, and RSAs for the years ended December 31, 2020, 2019 and 2018 (in thousands): Year Ended December 31, 2020 2019 2018 Shares Weighted average per share grant date fair value Shares Weighted average per share grant date fair value Shares Weighted average per share grant date fair value Outstanding, beginning of year 1,219 $ 24.64 846 $ 25.14 834 $ 18.16 Granted 701 28.90 882 23.49 592 29.86 Vested ( 454 ) 24.42 ( 430 ) 23.53 ( 491 ) 18.02 Forfeited ( 4 ) 28.56 ( 79 ) 24.99 ( 89 ) 22.44 Outstanding, end of year 1,462 $ 26.76 1,219 $ 24.64 846 $ 25.14 A summary of our outstanding RSUs and PSUs, assuming current estimated level of performance achievement, are as follows (in thousands, except years): As of December 31, 2020 Unvested units 1,462 Unrecognized compensation cost $ 13,642 Period to recognize compensation cost 1.76 years During the years ended December 31, 2020, 2019 and 2018, the Company recognized stock-based compensation expense of $ 18.3 million, $ 15.3 million and $ 13.7 million, respectively, which is generally included in selling, general and administrative on the consolidated statements of operations .

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2020
Stockholders' Equity [Abstract]
Stockholders' Equity	17. Stockholders’ Equity The Company’s 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 December 31, 2020, and 2019, there were 33.4 million and 33.1 million shares of common stock issued and outstanding, respectively, and no shares of preferred stock outstanding. 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 year ended December 31, 2020 and 2019, respectively . As of December 31, 2020, approximately 1.0 million shares of common stock remained available for issuance under the Amended 2017 Incentive Plan. On November 7, 2016, we entered into a Distribution Agreement (which we refer to as the “First Distribution Agreement”) with J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Citigroup Global Markets Inc. (which we refer to collectively as the “Sales Agents”), relating to our common stock. Under the First Distribution Agreement, we were authorized to offer and sell shares of our common stock having an aggregate offering price of up to $ 50.0 million from time to time through any of our Sales Agents in “at the market” offerings. On August 9, 2017, we entered into a second Distribution Agreement (which we refer to as the “Second Distribution Agreement”) with the Sales Agents , which superseded and replaced the First Distribution Agreement , pursuant to which we may offer and sell from time to time up to $ 100.0 million in “at the market” offerings. On July 3, 2018, we entered into a third Distribution Agreement (which we refer to as the “Third Distribution Agreement”) with J.P. Morgan Securities LLC, Citigroup Global Markets Inc., and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as its sales agents (which we refer to as the “New Sales Agents”), which superseded and replaced the Second Distribution Agreement, pursuant to which we may offer and sell shares of our common stock having an aggregate offering price of up to $ 100.0 million from time to time through any of the New Sales Agents “in at the market” offerings . On November 27, 2019, we entered into a Distribution Agreement (the “Fourth Distribution Agreement”), which superseded and replaced the Third Distribution Agreement, with J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., and Fifth Third Securities, Inc. (the “Sales Agents”), pursuant to which the Company may offer and sell from time to time through the Sales Agents up to $ 100,000,000 maximum aggregate offering price of the Company’s common stock, par value $ 0.01 per share, in such amounts as the Company may specify by notice to any Sales Agent, in “at the market” offerings. During the year ended December 31, 2020 we did no t sell or issue any shares of our common stock. During the year ended December 31, 2019, we sold and issued an aggregate of 2.7 million shares of our common stock, respectively, under the various Distribution Agreements in effect during this periods, which provided gross proceeds to us of $ 80.1 million, and in connection with such sales, we paid total commissions and fees to the Sales Agents of $ 0.6 million. 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 year ended December 31, 2020, we did no t repurchase any shares of common stock. During the year ended December 31, 2019, we repurchased 83,000 shares of common stock under this program for approximately $ 1.4 million.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	18. Earnings Per Share During the years ended December 31, 2020 and 2019, we used the treasury stock method of calculating earnings per share (“EPS”) as our currently non-vested RSUs and PSUs do not have participating rights. During the year ended December 31, 2018, we used the two-class method of calculating EPS as our previously outstanding unvested RSAs had non-forfeitable rights to dividends, and accordingly, represented a participating security. The two-class method is an earnings allocation method under which EPS is calculated for each class of common stock and participating security considering both dividends declared (or accumulated) and participating rights in undistributed earnings as if all such earnings had been distributed during the period. The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2020, 2019 and 2018 (in thousands, except share and per share information): Year ended December 31, 2020 2019 2018 Numerator Net income $ 206,157 $ 112,994 $ 96,455 Less: Undistributed earnings allocated to participating securities — — ( 59 ) Net income allocable to common stockholders $ 206,157 $ 112,994 $ 96,396 Denominator Weighted average common shares outstanding - basic 33,312,554 30,886,382 30,084,913 Dilutive effect of restricted stock units 297,544 300,570 306,433 Weighted average common shares outstanding - diluted 33,610,098 31,186,952 30,391,346 Earnings per share: Basic $ 6.19 $ 3.66 $ 3.20 Diluted $ 6.13 $ 3.62 $ 3.17 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, 0.6 million, and 0.3 million common stock unit equivalents from diluted earnings per share during the year ended December 31, 2020, 2019, and 2018 respectively, related to the PSUs for which performance conditions remained unsatisfied.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies [Abstract]
Commitments and Contingencies	19 . Commitments and Contingencies Letters of Credit and Performance Bonds In the normal course of business, the Company posts letters of credit and performance bonds related to our land development performance obligations, with local municipalities. As of December 31, 2020 and 2019, we had $ 402.7 million and $ 344.1 million, respectively, in letters of credit and performance bonds issued and outstanding. Legal Proceedings The Company is subject to claims and lawsuits that arise primarily in the ordinary course of business, which consist primarily of construction claims. It is the opinion of management that if the claims have merit, parties other than the Company would be, at least in part, liable for the claims, and eventual outcome of these claims will not have a material adverse effect upon our consolidated financial condition, results of operations, or cash flows. When we believe that a loss is probable and estimable, we record a charge to selling, general and administrative expense on our consolidated statements of operations for our estimated loss. Under various insurance policies, we have the ability to recoup costs in excess of applicable self-insured retentions. Estimates of such amounts are recorded in other assets on our consolidated balance sheet 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 flow.

Results of Quarterly Operations

Results of Quarterly Operations	12 Months Ended
	Dec. 31, 2020
Results Of Quarterly Operations [Abstract]
Results of Quarterly Operations	20. Results of Quarterly Operations (Unaudited) Quarter First Second Third Fourth (in thousands, except per share amounts) 2020 Home sales revenues $ 572,710 $ 747,415 $ 760,239 $ 946,803 Gross margin from home sales revenues $ 102,183 $ 126,760 $ 132,875 $ 197,216 Income before income tax expense $ 34,088 $ 50,103 $ 64,885 $ 121,164 Net income $ 26,126 $ 38,450 $ 49,764 $ 91,817 Basic earnings per share $ 0.79 $ 1.15 $ 1.49 $ 2.75 Diluted earnings per share $ 0.78 $ 1.15 $ 1.48 $ 2.72 2019 Home sales revenues $ 523,302 $ 608,636 $ 573,860 $ 775,667 Gross margin from home sales revenues $ 89,545 $ 104,708 $ 104,026 $ 142,945 Income before income tax expense $ 22,997 $ 20,830 $ 34,840 $ 53,968 Net income $ 17,117 $ 15,495 $ 27,024 $ 53,358 Basic earnings per share $ 0.57 $ 0.51 $ 0.88 $ 1.65 Diluted earnings per share $ 0.56 $ 0.51 $ 0.87 $ 1.63

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policy)	12 Months Ended
	Dec. 31, 2020
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Nature of Operations	Nature of Operations 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 home buyers have been identified as our Financial Services segment. 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. Through the remainder of 2020 and as of the date of this filing, we were and are able to build and sell homes in all of our markets.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company, as well as all subsidiaries in which we have a controlling interest, and variable interest entities for which the Company is deemed to be the primary beneficiary. We do not have any variable interest entities in which we are deemed the primary beneficiary. All intercompany accounts and transactions have been eliminated. The number of lots and communities disclosed in the notes to the consolidated financial statements are unaudited.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles (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.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all liquid investments with original maturities of three months or less to be cash equivalents.
Cash Held in Escrow	Cash Held in Escrow Cash held in escrow consists of amounts related to the proceeds from home closings held for our benefit in escrow, which are typically held for a few days.
Accounts Receivable	Accounts Receivable Accounts receivable primarily consists of income tax receivables and rebates receivables. We periodically review the collectability of our accounts receivable, and, if it is determined that a receivable might not be fully collectible, an allowance is recorded for the amount deemed uncollectible.
Inventories and Cost of Sales	Inventories and Cost of Sales We capitalize pre-acquisition, land, development, and other allocated costs, including interest, during development and home construction. Land, development, and other common costs are allocated to inventory using the relative-sales-value method; however, as lots within a project typically have comparable market values, we generally allocate land, development, and common costs equally to each lot within the project. Home construction costs are recorded using the specific-identification method. Cost of sales for homes closed includes the allocation of construction costs of each home and all applicable land acquisition, land development, and related common costs, both incurred and estimated to be incurred. Changes to estimated total development costs subsequent to initial home closings in a community are generally allocated to the remaining homes in the community. When a home is closed, the Company generally has not paid all incurred costs necessary to complete the home, and a liability and a charge to cost of home sales revenues are recorded for the amount that is estimated will ultimately be paid related to completed homes. Inventories are carried at cost unless events and circumstances indicate that the carrying value may not be recoverable. We review for indicators of impairment at the lowest level of identifiable cash flows, which we have determined to be the community level. Indicators of impairment include, but are not limited to, significant decreases in local housing market values and selling prices of comparable homes, decreases in actual or trending gross margins or sales absorption rates, significant unforeseen cost in excess of budget, and actual or projected cash flow losses. If an indicator of impairment is identified, we estimate the recoverability of the community by comparing the estimated future cash flows on an undiscounted basis to its carrying value. If the undiscounted cash flows are more than the carrying value, the community is recoverable and no impairment is recorded. If the undiscounted cash flows are less than the community’s carrying value, we generally estimate the fair value using a discounted cash flow approach. A community with a fair value less than its carrying value is impaired and is written down to fair value. When estimating cash flows of a community, we make various assumptions, including the following: (i) expected sales prices and sales incentives to be offered, including the number of homes available, pricing and incentives being offered by us or other builders in other communities, and future sales price adjustments based on market and economic trends; (ii) expected sales pace based on local housing market conditions, competition, and historical trends; (iii) costs expended to date and expected to be incurred, including, but not limited to, land and land development costs, home construction costs, interest costs, indirect construction and overhead costs, and selling and marketing costs; and (iv) alternative uses for the property. For the year ended December 31, 2020, we recorded impairment charges on four communities totaling $ 2.2 million and for the year ended December 31, 2019, we recorded impairment charges on five communities totaling $ 2.0 million. Inventory impairments are included in inventory impairment and other in our consolidated statements of operations.
Home Sales Revenues and Profit Recognition	Home Sales Revenues and Profit Recognition As defined in the Accounting Standards Codification (which we refer to as “ASC”) 606, Revenue from Contracts with Customers (“ASC 606”), revenues from home sales and the related profit are recorded when our performance obligations are satisfied, which generally occurs when the respective homes are closed and title has passed to our homebuyers. We generally satisfy our performance obligations in less than one year from the contract date. Proceeds from home closings that are held for our benefit in escrow, are presented as cash held in escrow on our consolidated balance sheets. Cash held for our benefit in escrow is typically held by the escrow agent for a few days. When it is determined that the earnings process is not complete and we have remaining performance obligations that are material in the context of the contract, the related revenue and costs are deferred for recognition in future periods until those performance obligations have been satisfied. Prior to satisfying our performance obligations, we typically receive deposits from customers related to sold but undelivered homes. These deposits are classified as earnest money deposits and are included in accrued expenses and other liabilities on our consolidated balance sheets. Earnest money deposits totaled $ 30.6 million and $ 10.6 million at December 31, 2020 and December 31, 2019, respectively.
Performance Deposits	Performance Deposits We are occasionally required to make a land, bond, and utility deposit as each new development is started. These amounts typically are refundable as each home is delivered. Performance deposits are included in prepaid expenses and other assets on the consolidated balance sheet.
Lot Option and Escrow Deposits	Lot Option and Escrow Deposits We enter into lot option purchase agreements with unrelated parties to acquire lots for the construction of homes. Under these agreements, we have paid deposits, which in many cases are non-refundable, in consideration for the right, but not the obligation, to purchase land or lots at a future point in time with predetermined terms. Lot option and escrow deposits are included in prepaid expenses and other assets on the consolidated balance sheet.
Model Homes and Sales Facilities	Model Homes and Sales Facilities Costs related to our model homes and sales facilities are treated in one of three ways depending on their nature. Costs directly attributable to the home including upgrades that are permanent and sold with the home are capitalized to inventory and included in cost of home sales revenues when the unit is closed to the home buyer. Marketing related costs, such as non-permanent signage, brochures and marketing materials as well as the cost to convert the model into a salable unit are expensed as incurred. Costs to furnish the model home sites, permanent signage, and construction of sales facilities are capitalized to property and equipment and depreciated over the estimated life of the community based on the number of lots in the community which typically range from 2 to 3 years.
Property and Equipment	Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Depreciation is charged to expense on the straight-line basis over the estimated useful life of each asset. The estimated useful lives for each major depreciable classification of property and equipment are as follows: Years Buildings and improvements 3 – 40 years Leasehold improvements 3 – 10 years Machinery and equipment 3 – 25 years Furniture and fixtures 2 – 7 years Model furnishings 2 – 3 years Computer hardware and software 1 – 5 years
Mortgage Loans Held for Sale and Revenue Recognition	Mortgage Loans Held for Sale and Revenue Recognition Mortgage loans held for sale, including the rights to service the mortgage loans, mortgage loans in process for which interest rates were committed to the borrowers (referred to as “interest rate lock commitments”), as well as the derivative instrument used to economically hedge our interest rate risk, which are typically forward commitments on mortgage-backed securities and interest rate lock commitments, are carried at fair value. Changes in fair value are reflected in financial services revenue on the consolidated statement of operations. Management believes carrying loans held for sale at fair value improves financial reporting by mitigating volatility in reported earnings caused by measuring the fair value of the loans, interest rate lock commitments, and the derivative instruments used to economically hedge them. Also included in financial services revenue are gains and losses from the sale of mortgage loans held for sale, which are recognized based upon the difference between the sales proceeds and carrying value of the related loans upon sale and loan origination fees. Loan origination fees represent revenue earned from originating mortgage loans, which generally represent a flat per loan fee based on a percentage of the original principal loan balance and are recognized at the time the mortgage loans are funded.
Amortizable Intangible Assets	A mortizable Intangible Assets Amortizable intangible assets consist of the estimated fair value of non-compete agreements, trade names, and home plans associated with our historical acquisitions. These acquisitions were accounted for as business combinations as defined in ASC 805, Business Combinations . A high degree of judgment is made by management on variables, such as revenue growth rates, profitability, and discount rates, when calculating the value of the intangible assets. The identified intangible assets are amortized over their respective estimated useful lives. Non-compete agreements, trade names and other intangible assets are amortized to selling, general and administrative expenses in the consolidated statements of operations. During the year ended December 31, 2019, the Company impaired its trade name intangible asset associated with Wade Jurney Homes resulting in a $ 2.8 million loss and sold a cell phone tower lease, which resulted in a gain of $ 0.8 million. The estimated lives for each major amortizable classification of intangible assets are as follows: Years Non-compete agreements 2 – 5 years Home plans 7 years
Earnest Money Deposits	Earnest Money Deposits We collect earnest money deposits at the time a home buyer’s contract is accepted. Earnest money deposits held on homes under contract as of December 31, 2020 and 2019, totaled $ 30.6 million and $ 10.6 million, respectively, and are included in accrued expenses and other liabilities on the consolidated balance sheets.
Stock-Based Compensation	Stock-Based Compensation We account for stock-based awards in accordance with ASC 718, Compensation—Stock Compensation . ASC 718 requires us to estimate the grant date fair value of stock-based compensation awards and to recognize the fair value as compensation costs over the requisite service period, which is generally three years, for all awards that vest. We value our restricted stock units equal to the closing price of our common stock on the New York Stock Exchange on the date of grant. Stock-based compensation expense associated with outstanding performance share units is measured using the grant date fair value and is based on the estimated achievement of the established performance criteria at the end of each reporting period until the performance period ends, recognized on a straight-line basis over the performance period. Stock-based compensation expense is only recognized for performance share units that we expect to vest, which we estimate based upon an assessment of the probability that the performance criteria will be achieved. The performance share units granted during the fiscal years ended December 31, 2020 and 2019 have three year performance-based metrics measured over performance periods from January 1, 2020 to December 31, 2022 and January 1, 2019 to December 31, 2021, respectively. Stock-based compensation expense associated with outstanding performance share units is updated for actual forfeitures.
Income Taxes	Income Taxes We account for income taxes in accordance with ASC 740, Income Taxes , which requires recognition of deferred tax assets and liabilities at enacted income tax rates for the temporary differences between the financial reporting bases and the tax bases of its assets and liabilities. Any effects of changes in income tax rates or tax laws are included in the provision for income taxes in the period of enactment. When it is more likely than not that a portion or all of a deferred tax asset will not be realized in the future, the Company records a corresponding valuation allowance against the deferred tax asset. As of December 31, 2020 and 2019, we had no valuation allowance recorded against our deferred tax assets. In addition, when it is more likely than not that a tax position will be sustained upon examination by a tax authority that has full knowledge of all relevant information, the Company measures the amount of tax benefit from the position and records the largest amount of tax benefit that is more likely than not of being realized after settlement with a tax authority. The Company’s policy is to recognize interest to be paid on an underpayment of income taxes in interest expense and any related statutory penalties in the provision for income taxes on the consolidated statements of operations. As of December 31, 2020 and 2019, we had no reserves for uncertain tax positions.
Goodwill	Goodwill We evaluate goodwill for possible impairment in accordance with ASC 350, Intangibles–Goodwill and Other, on an annual basis, or more frequently if events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. We use a two step process to assess whether or not goodwill can be realized. The first step is a qualitative assessment that analyzes current economic indicators associated with a particular reporting unit. If the qualitative assessment indicates a stable or improved fair value, no further testing is required. If a qualitative assessment indicates that a significant decline to fair value of a reporting unit is more likely than not, we will proceed to the second step where we calculate the fair value of a reporting unit based on discounted future cash flows. If this step indicates that the carrying value of a reporting unit is in excess of its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. As of December 31, 2020 and 2019, we determined our goodwill was no t impaired.
Business Combinations	Business Combinations We account for business combinations in accordance with ASC 805, Business Combinations , if the acquired assets assumed and liabilities incurred constitute a business. We consider acquired companies to constitute a business if the acquired net assets and processes have the ability to create outputs in the form of revenue. For acquired companies constituting a business, we recognize the identifiable assets acquired and liabilities assumed at their acquisition-date fair values and recognize any excess of total consideration paid over the fair value of the identifiable net assets as goodwill.
Variable Interest Entities ("VIEs")	Variable Interest Entities (“VIEs”) We review land option contracts where we have a non-refundable deposit to determine whether the corresponding land seller is a VIE and, if so, whether we are the primary beneficiary. In determining whether we are the primary beneficiary, we consider, among other things, whether we have the power to direct the activities that most significantly impact the economic performance of the VIE. In making this determination, we consider whether we have the power to direct certain activities, including, but not limited to, determining or limiting the scope or purpose of the VIE, the ability to sell or transfer property owned or controlled by the VIE, or arranging financing for the VIE. We are not the primary beneficiary of any VIE as of December 31, 2020 and 2019. We analyzed each of our land option contracts to determine whether the land seller is a VIE and, if so, whether we are the primary beneficiary. Although we do not have legal title to the underlying land, we are required to consolidate a VIE if we are the primary beneficiary. As a result of our analysis, we determined that as of December 31, 2020, we were not the primary beneficiary of any VIE from which we have acquired rights to land under the land option contract. As of December 31, 2020, and 2019, we had non-refundable cash deposits totaling $ 31.3 million and $ 40.0 million, respectively, classified in prepaid expenses and other assets in our consolidated balance sheets for land option contracts. The non-refundable deposit is our maximum exposure to loss for the transactions as of December 31, 2020 and 2019, respectively.
Advertising and Marketing Costs	Advertising and Marketing Costs Advertising and marketing costs are expensed as incurred and totaled $ 11.3 million, $ 17.0 million and $ 17.4 million for the years ended December 31, 2020, 2019 and 2018, respectively. Advertising and marketing costs are included in selling, general and administrative on the consolidated statement of operations.
Reclassifications	Reclassifications Certain prior period amounts have been reclassified to conform to current period presentation.
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 Income Taxes 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.

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Schedule Of Estimated Lives Of Property Plant And Equipment	Years Buildings and improvements 3 – 40 years Leasehold improvements 3 – 10 years Machinery and equipment 3 – 25 years Furniture and fixtures 2 – 7 years Model furnishings 2 – 3 years Computer hardware and software 1 – 5 years
Schedule Of Amortizable Classification Of Intangible Assets	Years Non-compete agreements 2 – 5 years Home plans 7 years

Reporting Segments (Tables)

Reporting Segments (Tables)	12 Months Ended
	Dec. 31, 2020
Reporting Segments [Abstract]
Schedule Of Total Revenue And Pretax Income By Segment	Year ended December 31, 2020 2019 2018 Revenue: West $ 683,138 $ 534,613 $ 459,254 Mountain 860,041 729,045 701,985 Texas 339,346 252,921 213,508 Southeast 672,790 548,661 530,891 Century Complete 502,569 427,409 210,051 Financial Services 103,308 43,262 31,724 Corporate — — — Total revenue $ 3,161,192 $ 2,535,911 $ 2,147,413 Income (loss) before income tax expense: West $ 71,417 $ 43,027 $ 38,380 Mountain 114,722 89,201 89,048 Texas 34,694 25,866 13,682 Southeast 57,181 31,435 33,267 Century Complete 33,449 22,044 ( 754 ) Financial Services 48,511 10,687 8,766 Corporate ( 89,734 ) ( 89,625 ) ( 53,859 ) Total income before income tax expense $ 270,240 $ 132,635 $ 128,530
Schedule Of Total Assets By Segment	December 31, December 31, 2020 2019 West $ 536,907 $ 610,248 Mountain 778,198 635,201 Texas 207,746 232,887 Southeast 329,930 441,818 Century Complete 218,604 244,827 Financial Services 421,153 254,282 Corporate 352,555 80,704 Total assets $ 2,845,093 $ 2,499,967

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Dec. 31, 2020
Business Combinations [Line Items]
Schedule Of Pro Forma Information	Year ended December 31, 2018 Total revenues $ 2,297,804 Income before tax expense $ 148,245 Income tax expense ( 37,061 ) Net income $ 111,184 Less: Undistributed earnings allocated to participating securities ( 68 ) Numerator for basic and diluted pro forma EPS $ 111,116 Pro forma weighted average shares-basic 30,084,913 Pro forma weighted average shares-diluted 30,391,346 Pro forma basic EPS $ 3.69 Pro forma diluted EPS $ 3.66
Wade Jurney Homes [Member]
Business Combinations [Line Items]
Schedule Of Total Consideration Transferred	Cash consideration transferred for 50% ownership interest $ 37,500 Previously held equity interest acquisition date fair value 35,625 Net assets acquired $ 73,125
Schedule Of Fair Values Of Assets Acquired And Liabilities Assumed	Cash and cash equivalents $ 9,464 Cash held in escrow 260 Accounts receivable 1,042 Inventories 156,828 Prepaid expenses and other assets 7,710 Amortizable intangible assets 3,600 Goodwill 3,317 $ 182,221 Accounts payable $ 12,516 Accrued expenses and other liabilities 2,349 Senior notes and revolving line of credit 94,231 Total liabilities 109,096 Net assets acquired $ 73,125

Inventory (Tables)

Inventory (Tables)	12 Months Ended
	Dec. 31, 2020
Inventory [Abstract]
Schedule Of Inventory	December 31, December 31, 2020 2019 Homes under construction $ 1,040,584 $ 1,091,576 Land and land development 828,242 836,904 Capitalized interest 60,838 67,069 Total inventories $ 1,929,664 $ 1,995,549

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2020
Property and Equipment [Abstract]
Schedule Of Property And Equipment	December 31, December 31, 2020 2019 Land $ 2,245 $ 3,289 Buildings and improvements 3,880 3,849 Leasehold improvements 3,703 3,138 Machinery and equipment 11,752 11,058 Furniture and fixtures 2,895 2,657 Model furnishings 27,109 29,829 Computer hardware and software 13,572 11,765 65,156 65,585 Less accumulated depreciation ( 36,772 ) ( 29,587 ) Total property and equipment, net $ 28,384 $ 35,998

Prepaid Expenses and Other As_2

Prepaid Expenses and Other Assets (Tables)	12 Months Ended
	Dec. 31, 2020
Prepaid Expenses and Other Assets [Abstract]
Schedule Of Prepaid Expenses And Other Assets	December 31, December 31, 2020 2019 Prepaid insurance $ 18,699 $ 26,175 Lot option and escrow deposits 39,985 48,810 Performance deposits 9,372 6,299 Deferred financing costs on revolving line of credit, net 3,206 4,574 Restricted cash (1) 4,080 3,085 Secured note receivable 2,434 2,602 Right of use assets 16,175 18,854 Other assets and prepaid expenses 8,082 8,842 Mortgage loans held for investment 8,727 3,385 Derivative assets and mortgage servicing rights 11,870 1,382 Total prepaid expenses and other assets $ 122,630 $ 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)	12 Months Ended
	Dec. 31, 2020
Accrued Expenses and Other Liabilities [Abstract]
Schedule Of Accrued Expenses And Other Liabilities	December 31, December 31, 2020 2019 Earnest money deposits $ 30,578 $ 10,592 Warranty reserve 13,824 9,731 Accrued compensation costs 60,692 30,888 Land development and home construction accruals 80,088 110,284 Liability for product financing arrangements 62,084 3,848 Accrued interest 13,649 14,562 Lease liabilities - operating leases 16,801 19,306 Income taxes payable 3,118 329 Derivative liability 3,807 147 Other accrued liabilities 18,110 14,288 Total accrued expenses and other liabilities $ 302,751 $ 213,975

Warranties (Tables)

Warranties (Tables)	12 Months Ended
	Dec. 31, 2020
Warranties [Abstract]
Schedule Of Changes In Warranty Accrual	Year ended December 31, 2020 2019 2018 Beginning balance $ 9,731 $ 7,970 $ 8,531 Warranty reserve assumed in business combination — — 397 Warranty expense provisions 9,592 7,727 6,686 Payments ( 3,056 ) ( 4,024 ) ( 4,204 ) Warranty adjustment ( 2,443 ) ( 1,942 ) ( 3,440 ) Ending balance $ 13,824 $ 9,731 $ 7,970

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2020
Debt [Abstract]
Schedule Of Outstanding Debt Obligations	December 31, December 31, 2020 2019 6.750 % senior notes, due May 2027 (1) $ 494,768 $ 494,307 5.875 % senior notes, due July 2025 (1) 396,821 396,120 Other financing obligations 3,286 6,277 Notes payable 894,875 896,704 Revolving line of credit, due April 2023 — 68,700 Mortgage repurchase facilities 259,050 174,095 Total debt $ 1,153,925 $ 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.
Schedule Of Aggregate Annual Maturities Of Debt	2021 $ 262,296 2022 40 2023 — 2024 — 2025 400,000 Thereafter 500,000 Total 1,162,336 Less: Discount and deferred financing costs, net on senior notes ( 8,411 ) Carrying amount $ 1,153,925

Interest (Tables)

Interest (Tables)	12 Months Ended
	Dec. 31, 2020
Interest [Abstract]
Schedule Of Capitalized Interest Costs	Year ended December 31, 2020 2019 2018 Interest capitalized beginning of period $ 67,069 $ 53,842 $ 41,762 Interest capitalized during period 65,771 74,377 60,772 Less: capitalized interest in cost of sales ( 72,002 ) ( 61,150 ) ( 48,692 ) Interest capitalized end of period $ 60,838 $ 67,069 $ 53,842

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Taxes [Abstract]
Schedule Of Income Tax Expense	Year Ended December 31, 2020 2019 2018 Current Federal $ 51,741 $ 9,113 $ 27,815 State and local 14,203 7,354 8,415 Total current 65,944 16,467 36,230 Deferred Federal ( 1,375 ) 2,528 ( 3,182 ) State and local ( 486 ) 646 ( 973 ) Total deferred ( 1,861 ) 3,174 ( 4,155 ) Income tax expense $ 64,083 $ 19,641 $ 32,075
Schedule Of Components Of Income Tax Expense By Expense	Year Ended December 31, 2020 2019 2018 Statutory income tax expense $ 56,730 $ 27,844 $ 26,991 State income tax expense, net of federal income tax expense 11,153 5,483 4,847 Executive compensation 4,566 4,123 2,760 Excess tax benefits upon vesting of share based payment awards ( 108 ) ( 252 ) ( 1,276 ) Remeasurement of deferred tax assets - - 1,548 Federal energy credits ( 8,549 ) ( 17,256 ) ( 2,426 ) State tax credits ( 900 ) - - Other 1,191 ( 301 ) ( 369 ) Income tax expense $ 64,083 $ 19,641 $ 32,075
Schedule Of Deferred Tax Assets And Liabilities	As of December 31, 2020 2019 Deferred tax assets Warranty reserves $ 3,389 $ 2,356 Amortizable intangible assets 1,464 2,183 Stock-based compensation 841 598 Accrued compensation and other 10,206 2,775 Inventories, additional costs capitalized for tax 2,028 8,206 Other 330 - Deferred tax asset 18,258 16,118 Deferred tax liabilities Prepaid expenses ( 141 ) ( 264 ) Property and equipment ( 4,658 ) ( 5,265 ) Mortgage servicing rights ( 1,009 ) - Deferred tax liability ( 5,808 ) ( 5,529 ) Net deferred tax asset $ 12,450 $ 10,589

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Schedule Of Assets And Liabilities Measured At Fair Value	As of December 31, Balance Sheet Classification Hierarchy 2020 2019 Mortgage loans held for sale Mortgage loans held for sale Level 2 $ 282,639 $ 185,246 Mortgage loans held for investment Prepaid expenses and other assets Level 3 $ 8,727 $ 3,385 Derivative assets Prepaid expenses and other assets Level 2 $ 7,755 $ 1,382 Mortgage servicing rights (1) Prepaid expenses and other assets Level 3 $ 4,115 $ — Derivative liabilities Accrued expenses and other liabilities Level 2 $ 3,807 $ 147 (1) The unobservable inputs used in the valuation of the mortgage servicing rights include mortgage prepayment rates, discount rates and delinquency rates, which were 10.4 %, 9.8 %, and 0.6 %, respectively.
Schedule Of Reconciliation Of Level 3 Recurring At Fair Value	Year Ended December 31, Mortgage servicing rights: 2020 2019 Beginning of year $ — $ — Originations 4,115 — Disposals/settlements — — Changes in fair value — — End of year $ 4,115 $ — Year Ended December 31, Mortgage loans held for investment 2020 2019 Beginning of year $ 3,385 $ 954 Originations 7,050 3,104 Disposals/settlements ( 1,525 ) ( 555 ) Reduction in unpaid principal balance ( 111 ) ( 39 ) Changes in fair value ( 72 ) ( 79 ) End of year $ 8,727 $ 3,385
Schedule Of Carrying Values And Fair Values Of Financial Instruments	December 31, 2020 December 31, 2019 Hierarchy Carrying Fair Value Carrying Fair Value Cash and cash equivalents Level 1 $ 394,001 $ 394,001 $ 55,436 $ 55,436 Secured notes receivable (1) Level 2 $ 2,434 $ 2,448 $ 2,602 $ 2,545 5.875% senior notes (2)(3) Level 2 $ 396,821 $ 417,500 $ 396,120 $ 415,680 6.750% senior notes (2)(3) Level 2 $ 494,768 $ 533,750 $ 494,307 $ 537,500 Revolving line of credit (4) Level 2 $ — $ — $ 68,700 $ 68,700 Other financing obligations (4)(5) Level 3 $ 3,286 $ 3,286 $ 6,277 $ 6,277 Mortgage repurchase facilities (4) Level 2 $ 259,050 $ 259,050 $ 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) Estimated fair value of the senior notes is based on recent trading activity in inactive markets. (3) Carrying amounts include any associated unamortized deferred financing costs, premiums and discounts. As of December 31, 2020, these amounts totaled $ 5.2 million and $ 3.2 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. (4) Carrying amount approximates fair value due to short-term nature and interest rate terms. (5) Insurance premium notes included in other financing obligations bore interest rates ranging from 3.278 % to 3.240 % during the year ended December 31, 2020 and during the year ended December 31, 2019.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Information Of Lease Right Of Use Asset And Lease Liability	Year Ended December 31, 2020 Year Ended December 31, 2019 Cash paid for operating lease liabilities $ 6,074 $ 5,361 Right-of-use assets obtained in exchange for new operating lease obligations $ 2,815 $ 5,225 Weighted-average remaining lease term 3.52 years 4.13 years Weighted-average discount rate 5.64 % 6.22 %
Maturities Of Lease Liabilities	2021 $ 5,649 2022 4,922 2023 4,208 2024 2,911 2025 837 Thereafter — Total $ 18,527 Less: discount ( 1,726 ) Total lease liabilities $ 16,801

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2020
Stock-Based Compensation [Abstract]
Summary Of Restricted Stock Award Activity	Year Ended December 31, 2020 2019 2018 Shares Weighted average per share grant date fair value Shares Weighted average per share grant date fair value Shares Weighted average per share grant date fair value Outstanding, beginning of year 1,219 $ 24.64 846 $ 25.14 834 $ 18.16 Granted 701 28.90 882 23.49 592 29.86 Vested ( 454 ) 24.42 ( 430 ) 23.53 ( 491 ) 18.02 Forfeited ( 4 ) 28.56 ( 79 ) 24.99 ( 89 ) 22.44 Outstanding, end of year 1,462 $ 26.76 1,219 $ 24.64 846 $ 25.14
Summary Of Outstanding RSUs And PSUs	As of December 31, 2020 Unvested units 1,462 Unrecognized compensation cost $ 13,642 Period to recognize compensation cost 1.76 years

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share, Basic And Diluted	Year ended December 31, 2020 2019 2018 Numerator Net income $ 206,157 $ 112,994 $ 96,455 Less: Undistributed earnings allocated to participating securities — — ( 59 ) Net income allocable to common stockholders $ 206,157 $ 112,994 $ 96,396 Denominator Weighted average common shares outstanding - basic 33,312,554 30,886,382 30,084,913 Dilutive effect of restricted stock units 297,544 300,570 306,433 Weighted average common shares outstanding - diluted 33,610,098 31,186,952 30,391,346 Earnings per share: Basic $ 6.19 $ 3.66 $ 3.20 Diluted $ 6.13 $ 3.62 $ 3.17

Results of Quarterly Operatio_2

Results of Quarterly Operations (Tables)	12 Months Ended
	Dec. 31, 2020
Results Of Quarterly Operations [Abstract]
Schedule Of Quarterly Financial Information	Quarter First Second Third Fourth (in thousands, except per share amounts) 2020 Home sales revenues $ 572,710 $ 747,415 $ 760,239 $ 946,803 Gross margin from home sales revenues $ 102,183 $ 126,760 $ 132,875 $ 197,216 Income before income tax expense $ 34,088 $ 50,103 $ 64,885 $ 121,164 Net income $ 26,126 $ 38,450 $ 49,764 $ 91,817 Basic earnings per share $ 0.79 $ 1.15 $ 1.49 $ 2.75 Diluted earnings per share $ 0.78 $ 1.15 $ 1.48 $ 2.72 2019 Home sales revenues $ 523,302 $ 608,636 $ 573,860 $ 775,667 Gross margin from home sales revenues $ 89,545 $ 104,708 $ 104,026 $ 142,945 Income before income tax expense $ 22,997 $ 20,830 $ 34,840 $ 53,968 Net income $ 17,117 $ 15,495 $ 27,024 $ 53,358 Basic earnings per share $ 0.57 $ 0.51 $ 0.88 $ 1.65 Diluted earnings per share $ 0.56 $ 0.51 $ 0.87 $ 1.63

Nature of Operations and Summ_4

Nature of Operations and Summary of Significant Accounting Policies (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)itemstatesegment	Dec. 31, 2019USD ($)item	Dec. 31, 2018USD ($)
Number of operating states | state	17
Number of operating segments | segment	5
Earnest money deposits	$ 30,600	$ 10,600
Number of communities impairment charges | item	4	5
Impairment of real estate	$ 2,200	$ 2,000
Non-refundable cash deposits classified in prepaid expenses and other assets	31,300	40,000
Advertising and marketing costs	11,300	17,000	$ 17,400
Mortgage loans held for sale	282,639	185,246
Gains on sale of mortgage loans	72,800	32,200	$ 22,000
Tax valuation allowance	0	0
Reserves for uncetain tax positions	0	0
Goodwill impairment	0	0
Inspire [Member]
Mortgage loans in process	172,300	37,600
Mortgage loans held for sale	282,600	185,200
Mortgage loans held for sale aggregate outstanding principal balance	$ 269,600	$ 179,300
Weighted Average [Member] | Inspire [Member]
Interest rate	2.80%	3.90%
Trade Names [Member] | Wade Jurney Homes [Member]
Gain (loss) on assets impairment		$ (2,800)
Cell Phone Tower Lease [Member] | Wade Jurney Homes [Member]
Gain (loss) on assets impairment		$ 800
Model Homes And Sales Facilities [Member] | Minimum [Member]
Estimated useful life	2 years
Model Homes And Sales Facilities [Member] | Maximum [Member]
Estimated useful life	3 years

Nature of Operations and Summ_5

Nature of Operations and Summary of Significant Accounting Policies (Schedule Of Estimated Lives Of Property Plant And Equipment) (Details)	12 Months Ended
	Dec. 31, 2020
Buildings And Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Buildings And Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	40 years
Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years
Machinery And Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Machinery And Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	25 years
Furniture And Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	2 years
Furniture And Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	7 years
Model Furnishings [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	2 years
Model Furnishings [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Computer Hardware and Software [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	1 year
Computer Hardware and Software [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years

Nature of Operations and Summ_6

Nature of Operations and Summary of Significant Accounting Policies (Schedule Of Amortizable Classification Of Intangible Assets) (Details)	12 Months Ended
	Dec. 31, 2020
Home Plans [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	7 years
Minimum [Member] | Non-Compete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	2 years
Maximum [Member] | Non-Compete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	5 years

Reporting Segments (Narrative)

Reporting Segments (Narrative) (Details)	12 Months Ended
	Dec. 31, 2020statesegmentregion
Segment Reporting Information [Line Items]
Number of operating states	17
Number of operating regions | region	4
Number of reportable segments | segment	5
Century Complete [Member]
Segment Reporting Information [Line Items]
Number of operating states	11

Reporting Segments (Schedule Of

Reporting Segments (Schedule Of Total Revenue And Pretax Income By Segment) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total revenue									$ 3,161,192	$ 2,535,911	$ 2,147,413
Total income before income tax expense	$ 121,164	$ 64,885	$ 50,103	$ 34,088	$ 53,968	$ 34,840	$ 20,830	$ 22,997	270,240	132,635	128,530
West [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									683,138	534,613	459,254
Total income before income tax expense									71,417	43,027	38,380
Mountain [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									860,041	729,045	701,985
Total income before income tax expense									114,722	89,201	89,048
Texas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									339,346	252,921	213,508
Total income before income tax expense									34,694	25,866	13,682
Southeast [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									672,790	548,661	530,891
Total income before income tax expense									57,181	31,435	33,267
Century Complete [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									502,569	427,409	210,051
Total income before income tax expense									33,449	22,044	(754)
Financial Services [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									103,308	43,262	31,724
Total income before income tax expense									48,511	10,687	8,766
Corporate [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue
Total income before income tax expense									$ (89,734)	$ (89,625)	$ (53,859)

Reporting Segments (Schedule _2

Reporting Segments (Schedule Of Total Assets By Segment) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Total assets	$ 2,845,093	$ 2,499,967
West [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	536,907	610,248
Mountain [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	778,198	635,201
Texas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	207,746	232,887
Southeast [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	329,930	441,818
Century Complete [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	218,604	244,827
Financial Services [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	421,153	254,282
Corporate [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	$ 352,555	$ 80,704

Business Combinations (Narrativ

Business Combinations (Narrative) (Details) - USD ($) $ in Thousands	Jun. 14, 2018	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Nov. 30, 2016
Business Combinations [Line Items]
Acquisition expense												$ 437
Revenues										$ 3,161,192	$ 2,535,911	2,147,413
Income before income tax expense		$ 121,164	$ 64,885	$ 50,103	$ 34,088	$ 53,968	$ 34,840	$ 20,830	$ 22,997	270,240	132,635	128,530
Equity in income of unconsolidated subsidiaries												14,849
Wade Jurney Homes [Member]
Business Combinations [Line Items]
Acquisition expense												400
Business combination, purchase price	$ 37,500
Ownership interest	50.00%												50.00%
Previously held equity interest	$ 35,625											35,600
Estimated discount for lack of control												1,900
Revenues												210,100
Income before income tax expense												(800)
Equity in income of unconsolidated subsidiaries												$ 7,200
Wade Jurney Homes [Member]
Business Combinations [Line Items]
Ownership subsidiary	100.00%
Cell Phone Tower Lease [Member] | Wade Jurney Homes [Member]
Business Combinations [Line Items]
Gain (loss) on assets impairment											800
Trade Names [Member] | Wade Jurney Homes [Member]
Business Combinations [Line Items]
Estimated fair value										$ 3,300
Amortization period										10 years
Impairment											3,300
Accumulated amortization						$ 500					500
Gain (loss) on assets impairment											$ (2,800)
Non-Compete Agreements [Member] | Wade Jurney Homes [Member]
Business Combinations [Line Items]
Estimated fair value										$ 300
Amortization period										2 years

Business Combinations (Schedule

Business Combinations (Schedule Of Total Consideration Transferred) (Details) - Wade Jurney Homes [Member] - USD ($) $ in Thousands	Jun. 14, 2018	Dec. 31, 2018
Business Acquisition [Line Items]
Cash consideration transferred for 50% ownership interest	$ 37,500
Previously held equity interest acquisition date fair value	35,625	$ 35,600
Net assets acquired	$ 73,125

Business Combinations (Schedu_2

Business Combinations (Schedule Of Fair Values Of Assets Acquired And Liabilities Assumed) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Jun. 14, 2018
Assets acquired and liabilities assumed
Goodwill	$ 30,395	$ 30,395
Wade Jurney Homes [Member]
Assets acquired and liabilities assumed
Cash and cash equivalents			$ 9,464
Cash held in escrow			260
Accounts receivable			1,042
Inventories			156,828
Prepaid expenses and other assets			7,710
Amortizable intangible assets			3,600
Goodwill			3,317
Total assets			182,221
Accounts payable			12,516
Accrued expenses and other liabilities			2,349
Senior notes and revolving line of credit			94,231
Total liabilities			109,096
Net assets acquired			$ 73,125

Business Combinations (Schedu_3

Business Combinations (Schedule Of Pro Forma Information) (Details) - Wade Jurney Homes [Member] $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)$ / sharesshares
Business Acquisition [Line Items]
Total revenues	$ 2,297,804
Income before tax expense	148,245
Income tax expense	(37,061)
Net income	111,184
Less: Undistributed earnings allocated to participating securities	(68)
Numerator for basic and diluted pro forma EPS	$ 111,116
Pro forma weighted average shares-basic | shares	30,084,913
Pro forma weighted average shares-diluted | shares	30,391,346
Pro forma basic EPS | $ / shares	$ 3.69
Pro forma diluted EPS | $ / shares	$ 3.66

Inventory (Schedule Of Inventor

Inventory (Schedule Of Inventory) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Inventory [Abstract]
Homes under construction	$ 1,040,584	$ 1,091,576
Land and land development	828,242	836,904
Capitalized interest	60,838	67,069	$ 53,842	$ 41,762
Total inventories	$ 1,929,664	$ 1,995,549

Financial Services (Narrative)

Financial Services (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Financial Services [Line Items]
Mortgage loans held for sale	$ 282,639	$ 185,246
Inspire [Member]
Financial Services [Line Items]
Mortgage loans in process	172,300	37,600
Mortgage loans held for sale	282,600	185,200
Mortgage loans held for sale aggregate outstanding principal balance	$ 269,600	$ 179,300
Inspire [Member] | Weighted Average [Member]
Financial Services [Line Items]
Interest rate	2.80%	3.90%

Property and Equipment - (Sched

Property and Equipment - (Schedule Of Property And Equipment) (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property and equipment	$ 65,156	$ 65,585
Less accumulated depreciation	(36,772)	(29,587)
Total property and equipment, net	28,384	35,998
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	2,245	3,289
Buildings And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	3,880	3,849
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	3,703	3,138
Machinery And Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	11,752	11,058
Furniture And Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	2,895	2,657
Model Furnishings [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	27,109	29,829
Computer Hardware and Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 13,572	$ 11,765

Prepaid Expenses and Other As_3

Prepaid Expenses and Other Assets (Schedule Of Prepaid Expenses And Other Assets) (Details) - USD ($) $ in Thousands		Dec. 31, 2020	Dec. 31, 2019
Prepaid Expenses and Other Assets [Abstract]
Prepaid insurance		$ 18,699	$ 26,175
Lot option and escrow deposits		39,985	48,810
Performance deposits		9,372	6,299
Deferred financing costs on revolving line of credit, net		3,206	4,574
Restricted cash	[1]	4,080	3,085
Secured note receivable		2,434	2,602
Right of use assets		16,175	18,854
Other assets and prepaid expenses		8,082	8,842
Mortgage loans held for investment		8,727	3,385
Derivative assets and mortgage servicing rights		11,870	1,382
Total prepaid expenses and other assets		$ 122,630	$ 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	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accrued Expenses and Other Liabilities [Abstract]
Earnest money deposits	$ 30,578	$ 10,592
Warranty reserve	13,824	9,731	$ 7,970	$ 8,531
Accrued compensation costs	60,692	30,888
Land development and home construction accruals	80,088	110,284
Liability for product financing arrangements	$ 62,084	$ 3,848
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Total accrued expenses and other liabilities	Total accrued expenses and other liabilities
Accrued interest	$ 13,649	$ 14,562
Lease liabilities - operating leases	16,801	19,306
Income taxes payable	3,118	329
Derivative liability	3,807	147
Other accrued liabilities	18,110	14,288
Total accrued expenses and other liabilities	$ 302,751	$ 213,975

Warranties (Narrative) (Details

Warranties (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Warranties [Abstract]
Warranty reserve adjustment	$ (2,443)	$ (1,942)	$ (3,440)

Warranties (Schedule Of Changes

Warranties (Schedule Of Changes In Warranty Accrual) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Warranties [Abstract]
Beginning balance	$ 9,731	$ 7,970	$ 8,531
Warranty reserve assumed in business combination			397
Warranty expense provisions	9,592	7,727	6,686
Payments	(3,056)	(4,024)	(4,204)
Warranty adjustment	(2,443)	(1,942)	(3,440)
Ending balance	$ 13,824	$ 9,731	$ 7,970

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	Dec. 13, 2019	Jun. 10, 2019	Mar. 23, 2019	May 31, 2019	Dec. 31, 2017	May 31, 2017	Dec. 31, 2020	Dec. 31, 2019	Feb. 29, 2020
Debt Instrument [Line Items]
Aggregate obligation, inclusive of unamortized financing costs							$ 894,875,000	$ 896,704,000
Line of credit facility, outstanding amount								68,700,000
Mortgage repurchase facilities							259,050,000	174,095,000
Land development notes, outstanding							2,000,000	3,000,000
Insurance premium notes, outstanding							1,300,000	3,300,000
Loss on debt extinguishment								(10,832,000)
Interest expense payments							66,800,000	74,900,000
Initial 6.750% Senior Notes Due 2027 [Member]
Debt Instrument [Line Items]
Principal amount				$ 500,000,000
Net proceeds from issuance of senior debt				$ 493,900,000
Interest rate				6.75%
Discount rate				100.00%
Maturity year				2027
Deferred issuance costs								6,100,000
Exchange Notes Due 2027 [Member]
Debt Instrument [Line Items]
Principal amount									$ 500,000,000
Existing Notes Due 2027 [Member]
Debt Instrument [Line Items]
Aggregate obligation, inclusive of unamortized financing costs							494,800,000
Initial Notes Due 2025 [Member]
Debt Instrument [Line Items]
Principal amount						$ 400,000,000
Net proceeds from issuance of senior debt						$ 395,500,000
Interest rate						5.875%
Discount rate						100.00%
Maturity year						2025
Existing Notes Due 2025 [Member]
Debt Instrument [Line Items]
Aggregate obligation, inclusive of unamortized financing costs							396,800,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, outstanding amount							$ 0
Revolving Credit Facility [Member] | Amended And Restated Credit Agreement [Member] | Texas Capital Bank [Member]
Debt Instrument [Line Items]
Maturity date	Apr. 30, 2023
Line of credit facility. maximum borrowing capacity	$ 640,000,000
Revolving Credit Facility [Member] | Amended And Restated Credit Agreement [Member] | Eurodollar Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.60%
Revolving Credit Facility [Member] | Amended And Restated Credit Agreement [Member] | Eurodollar Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	3.10%
Revolving Credit Facility [Member] | Amended And Restated Credit Agreement [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.60%
Revolving Credit Facility [Member] | Amended And Restated Credit Agreement [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.10%
Mortgage Repurchase Facilities - Financial Services [Member] | Inspire [Member]
Debt Instrument [Line Items]
Weighted average interest rate							2.68%
Mortgage Repurchase Facilities - Financial Services [Member] | Maximum [Member] | Inspire [Member]
Debt Instrument [Line Items]
Principal amount							$ 350,000,000
Mortgage Repurchase Facilities - Financial Services [Member] | Master Repurchase Agreement [Member] | Comerica Bank And Wells Fargo [Member]
Debt Instrument [Line Items]
Incurred interest expense							3,000,000	2,700,000
Mortgage Repurchase Facilities - Financial Services [Member] | Master Repurchase Agreement [Member] | Inspire [Member] | Comerica Bank And Wells Fargo [Member]
Debt Instrument [Line Items]
Mortgage repurchase facilities							$ 259,100,000	174,100,000
December 2017 Exchange Notes [Member]
Debt Instrument [Line Items]
Principal amount					$ 400,000,000
Maturity year					2025
Extinguishment Of 6.875% Senior Note Due 2022 [Member]
Debt Instrument [Line Items]
Extinguishment amount		$ 195,700,000	$ 189,300,000					385,000,000
Loss on debt extinguishment								$ 10,800,000

Debt (Schedule Of Outstanding D

Debt (Schedule Of Outstanding Debt Obligations) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Notes payable		$ 894,875	$ 896,704
Revolving line of credit			68,700
Mortgage repurchase facilities		259,050	174,095
Total debt		1,153,925	1,139,499
Senior Notes 6.750% Due May 2027 [Member]
Debt Instrument [Line Items]
Notes payable	[1]	$ 494,768	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]	$ 396,821	396,120
Interest rate		5.875%
Maturity date		2025-07
Other Financing Obligations [Member]
Debt Instrument [Line Items]
Notes payable	[1]	$ 3,286	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 cost over the respective terms of the senior notes.

Debt (Schedule Of Aggregate Ann

Debt (Schedule Of Aggregate Annual Maturities Of Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Debt [Abstract]
2021	$ 262,296
2022	40
2023
2024
2025	400,000
Thereafter	500,000
Total	1,162,336
Less: Discount and deferred financing costs, net on senior notes	(8,411)
Total debt (Carrying amount)	$ 1,153,925	$ 1,139,499

Interest (Schedule Of Capitaliz

Interest (Schedule Of Capitalized Interest Costs) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Interest [Abstract]
Interest capitalized beginning of period	$ 67,069	$ 53,842	$ 41,762
Interest capitalized during period	65,771	74,377	60,772
Less: capitalized interest in cost of sales	(72,002)	(61,150)	(48,692)
Interest capitalized end of period	$ 60,838	$ 67,069	$ 53,842

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Dec. 23, 2017	Dec. 22, 2017	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Examination [Line Items]
Effective tax rate	21.00%	35.00%	21.00%	21.00%	21.00%
Tax valuation allowance			$ 0	$ 0
Reserves for uncetain tax positions			0	0
Income tax expense impacted by the benefit from Federal Energy Credits			8,549	17,256	$ 2,426
Federal income tax credit for each home meets the statute			2
Income tax expense			$ 64,083	$ 19,641	$ 32,075
Maximum [Member] | Federal [Member]
Income Tax Examination [Line Items]
Income tax year under examination			2020
Minimum [Member] | Federal [Member]
Income Tax Examination [Line Items]
Income tax year under examination			2015

Income Taxes (Schedule Of Incom

Income Taxes (Schedule Of Income Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Taxes [Abstract]
Federal	$ 51,741	$ 9,113	$ 27,815
State and local	14,203	7,354	8,415
Total current	65,944	16,467	36,230
Federal	(1,375)	2,528	(3,182)
State and local	(486)	646	(973)
Total deferred	(1,861)	3,174	(4,155)
Income tax expense	$ 64,083	$ 19,641	$ 32,075

Income Taxes (Schedule Of Compo

Income Taxes (Schedule Of Components Of Income Tax Expense By Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Taxes [Abstract]
Statutory income tax expense	$ 56,730	$ 27,844	$ 26,991
State income tax expense, net of federal income tax expense	11,153	5,483	4,847
Executive compensation	4,566	4,123	2,760
Excess tax benefits upon vesting of share based payment awards	(108)	(252)	(1,276)
Remeasurement of deferred tax assets			1,548
Federal energy credits	(8,549)	(17,256)	(2,426)
State tax credits	(900)
Other	1,191	(301)	(369)
Income tax expense	$ 64,083	$ 19,641	$ 32,075

Income Taxes (Schedule Of Defer

Income Taxes (Schedule Of Deferred Tax Assets And Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Income Taxes [Abstract]
Warranty reserves	$ 3,389	$ 2,356
Amortizable intangible assets	1,464	2,183
Stock-based compensation	841	598
Accrued compensation and other	10,206	2,775
Inventories, additional costs capitalized for tax	2,028	8,206
Other	330
Deferred tax asset	18,258	16,118
Prepaid expenses	(141)	(264)
Property and equipment	(4,658)	(5,265)
Mortgage servicing rights	(1,009)
Deferred tax liability	(5,808)	(5,529)
Net deferred tax asset	$ 12,450	$ 10,589

Fair Value Disclosures (Narrati

Fair Value Disclosures (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)item	Dec. 31, 2019USD ($)item
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Inventory before impairment	$ 12,000
Number of communities impairment charges | item	4	5
Impairment charge	$ 2,172	$ 4,783
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Inventory	$ 9,800

Fair Value Disclosures (Schedul

Fair Value Disclosures (Schedule Of Assets And Liabilities Measured At Fair Value) (Details) $ in Thousands		Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage loans held for sale		$ 282,639	$ 185,246
Derivative liabilities		$ 3,807	147
Prepayment Rate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage servicing right rates		10.4
Discount Rate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage servicing right rates		9.8
Delinquency Rate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage servicing right rates		0.6
Level 2 [Member] | Recurring [Member] | Mortgage Loan Held For Sale [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage loans held for sale		$ 282,639	185,246
Level 2 [Member] | Recurring [Member] | Prepaid Expenses And Other Assets [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets		7,755	1,382
Level 2 [Member] | Recurring [Member] | Accrued Expenses And Other Liabilities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liabilities		3,807	147
Level 3 [Member] | Recurring [Member] | Prepaid Expenses And Other Assets [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage loans held for investment		8,727	$ 3,385
Mortgage servicing rights	[1]	$ 4,115
[1]	The unobservable inputs used in the valuation of the mortgage servicing rights include mortgage prepayment rates, discount rates and delinquency rates, which were 10.4 %, 9.8 %, and 0.6 %, respectively.

Fair Value Disclosures (Sched_2

Fair Value Disclosures (Schedule Of Reconciliation Of Level 3 Recurring At Fair Value) (Details) - Level 3 [Member] - Recurring [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Mortgage Servicing Rights [Member]
Servicing Assets at Fair Value [Line Items]
Beginning of year
Originations	4,115
Disposals/settlements
Changes in fair value
End of year	4,115
Mortgage Loans Held For Investment [Member]
Servicing Assets at Fair Value [Line Items]
Beginning of year	3,385	954
Originations	7,050	3,104
Disposals/settlements	(1,525)	(555)
Reduction in unpaid principal balance	(111)	(39)
Changes in fair value	(72)	(79)
End of year	$ 8,727	$ 3,385

Fair Value Disclosures (Sched_3

Fair Value Disclosures (Schedule Of Carrying Values And Fair Values Of Financial Instruments) (Details) - USD ($) $ in Thousands		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		$ 394,001	$ 55,436	$ 32,902
Revolving line of credit			68,700
Mortgage loans held for sale		282,639	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		$ 3,200	$ 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		$ 5,200
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 1 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		$ 394,001	$ 55,436
Level 1 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		394,001	55,436
Level 2 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured notes receivable	[1]	2,434	2,602
Revolving line of credit	[2]		68,700
Mortgage repurchase facilities	[2]	259,050	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	[3],[4]	396,821	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	[3],[4]	494,768	494,307
Level 2 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured notes receivable	[1]	2,448	2,545
Revolving line of credit	[2]		68,700
Mortgage repurchase facilities	[2]	259,050	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	[3],[4]	417,500	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	[3],[4]	533,750	537,500
Level 3 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other financing obligations	[2],[5]	3,286	6,277
Level 3 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other financing obligations	[2],[5]	$ 3,286	$ 6,277
Minimum [Member] | Insurance Premium Note [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate		3.278%	3.278%
Maximum [Member] | Insurance Premium Note [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate		3.24%	3.24%
[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]	Carrying amount approximates fair value due to short-term nature and interest rate terms.
[3]	Carrying amounts include any associated unamortized deferred financing costs, premiums and discounts. As of December 31, 2020, these amounts totaled $ 5.2 million and $ 3.2 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.
[4]	Estimated fair value of the senior notes is based on recent trading activity in inactive markets.
[5]	Insurance premium notes included in other financing obligations bore interest rates ranging from 3.278 % to 3.240 % during the year ended December 31, 2020 and during the year ended December 31, 2019.

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Right of use asset	$ 16,175	$ 18,854
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Prepaid Expense and Other Assets	Prepaid Expense and Other Assets
Lease liability	$ 16,801	$ 19,306
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accrued Liabilities and Other Liabilities	Accrued Liabilities and Other Liabilities
Operating lease expense	$ 6,500	$ 5,900
Minimum [Member]
Lessee, Lease, Description [Line Items]
Lease term	1 year
Maximum [Member]
Lessee, Lease, Description [Line Items]
Lease term	7 years

Leases (Information Of Lease Ri

Leases (Information Of Lease Right Of Use Asset And Lease Liability) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Cash paid for operating lease liabilities	$ 6,074	$ 5,361
Right-of-use assets obtained in exchange for new operating lease obligations	$ 2,815	$ 5,225
Weighted-average remaining lease term	3 years 6 months 7 days	4 years 1 month 17 days
Weighted-average discount rate	5.64%	6.22%

Leases (Maturities Of Lease Lia

Leases (Maturities Of Lease Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
2021	$ 5,649
2022	4,922
2023	4,208
2024	2,911
2025	837
Thereafter
Total	18,527
Less: discount	(1,726)
Total lease liabilities	$ 16,801	$ 19,306

Post-Retirement Plan (Narrative

Post-Retirement Plan (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Post-Retirement Plan [Abstract]
Matching contribution, percentage	50.00%	50.00%	50.00%
Employer contribution, percet of employee's gross pay	6.00%	6.00%	6.00%
Contribution, amount	$ 2.5	$ 1.9	$ 1.9

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 18.3	$ 15.3	$ 13.7
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted	0.4	0.6	0.3
Grant date fair value	$ 30.44	$ 23.85	$ 30.43
Restricted Stock Units [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period	1 year
Restricted Stock Units [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period	3 years
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	0.3	0.3	0.3
Grant date fair value	$ 26.38	$ 22.01	$ 28.10
Awards vesting period	3 years
Performance Share Units [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target range	0.00%
Performance Share Units [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target range	250.00%

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary Of Restricted Stock Award Activity) (Details) - RSUs, PSUs And RSAs [Member] - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Outstanding, beginning of year (shares)	1,219	846	834
Granted (shares)	701	882	592
Vested (shares)	(454)	(430)	(491)
Forfeited (shares)	(4)	(79)	(89)
Outstanding, end of year (shares)	1,462	1,219	846
Outstanding, beginning of year (Weighted average per share grant date fair value)	$ 24.64	$ 25.14	$ 18.16
Granted (Weighted average per share grant date fair value)	28.90	23.49	29.86
Vested (Weighted average per share grant date fair value)	24.42	23.53	18.02
Forfeited (Weighted average per share grant date fair value)	28.56	24.99	22.44
Outstanding, end of year (Weighted average per share grant date fair value)	$ 26.76	$ 24.64	$ 25.14

Stock-Based Compensation (Sum_2

Stock-Based Compensation (Summary Of Outstanding RSUs And PSUs) (Details) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining period to recognize compensation cost	1 year 9 months 3 days
RSUs And PSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested units | shares	1,462
Unrecognized compensation cost | $	$ 13,642

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Nov. 27, 2019	Jul. 03, 2018	Aug. 09, 2017	Nov. 07, 2016	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	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					33,350,633	33,067,375
Common stock shares outstanding					33,350,633	33,067,375
Preferred stock shares outstanding					0	0
Gross proceeds from issuances of common stock						$ 79,052	$ 30,947
Number of shares authorized to be repurchased									4,500,000
Common stock shares repurchased, shares					0	83,000
Common stock shares repurchased, value						$ 1,439	$ 10,952
First Amended And Restated 2013 Long-Term Incentive Plan [Member]
Class of Stock [Line Items]
Common stock shares for stock award issuance										1,800,000
2017 Incentive Plan [Member]
Class of Stock [Line Items]
Common stock shares for stock award, available for issuance								1,631,000
Common stock shares issued related to vesting of RSUs					500,000	300,000
Common stock shares rolled into plan										600,000
Amended 2017 Incentive Plan [Member]
Class of Stock [Line Items]
Common stock shares for stock award, available for issuance					1,000,000
Distribution Agreement [Member]
Class of Stock [Line Items]
Aggregate offering price				$ 50,000
Common stock shares sold and issued					0	2,700,000
Gross proceeds from issuances of common stock						$ 80,100
Comissions and fees paid to sales agents						$ 600
Second Distribution Agreement [Member]
Class of Stock [Line Items]
Aggregate offering price			$ 100,000
Third Distribution Agreement [Member]
Class of Stock [Line Items]
Aggregate offering price		$ 100,000
Fourth Distribution Agreement [Member]
Class of Stock [Line Items]
Common stock, par value	$ 0.01
Aggregate offering price	$ 100,000

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share [Abstract]
Anti-dilutive shares related to PSU's granted	0.8	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								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Numerator
Net income	$ 91,817	$ 49,764	$ 38,450	$ 26,126	$ 53,358	$ 27,024	$ 15,495	$ 17,117	$ 206,157	$ 112,994	$ 96,455
Less: Undistributed earnings allocated to participating securities											(59)
Net income allocable to common stockholders									$ 206,157	$ 112,994	$ 96,396
Denominator
Weighted average common shares outstanding - basic									33,312,554	30,886,382	30,084,913
Dilutive effect of restricted stock units									297,544	300,570	306,433
Weighted average common shares outstanding - diluted									33,610,098	31,186,952	30,391,346
Earnings per share:
Basic	$ 2.75	$ 1.49	$ 1.15	$ 0.79	$ 1.65	$ 0.88	$ 0.51	$ 0.57	$ 6.19	$ 3.66	$ 3.20
Diluted	$ 2.72	$ 1.48	$ 1.15	$ 0.78	$ 1.63	$ 0.87	$ 0.51	$ 0.56	$ 6.13	$ 3.62	$ 3.17

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Commitments and Contingencies [Abstract]
Outstanding letters of credit and performance bonds	$ 402.7	$ 344.1

Results of Quarterly Operatio_3

Results of Quarterly Operations (Schedule Of Quarterly Financial Information) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenues									$ 3,161,192	$ 2,535,911	$ 2,147,413
Income before income tax expense	$ 121,164	$ 64,885	$ 50,103	$ 34,088	$ 53,968	$ 34,840	$ 20,830	$ 22,997	270,240	132,635	128,530
Net income	$ 91,817	$ 49,764	$ 38,450	$ 26,126	$ 53,358	$ 27,024	$ 15,495	$ 17,117	$ 206,157	$ 112,994	$ 96,455
Basic earnings per share	$ 2.75	$ 1.49	$ 1.15	$ 0.79	$ 1.65	$ 0.88	$ 0.51	$ 0.57	$ 6.19	$ 3.66	$ 3.20
Diluted earnings per share	$ 2.72	$ 1.48	$ 1.15	$ 0.78	$ 1.63	$ 0.87	$ 0.51	$ 0.56	$ 6.13	$ 3.62	$ 3.17
Home Sales [Member]
Revenues	$ 946,803	$ 760,239	$ 747,415	$ 572,710	$ 775,667	$ 573,860	$ 608,636	$ 523,302	$ 3,027,167	$ 2,481,465	$ 2,110,058
Gross margin from home sales revenues	$ 197,216	$ 132,875	$ 126,760	$ 102,183	$ 142,945	$ 104,026	$ 104,708	$ 89,545