| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income | |||||||||
64,302 | 64,535 | 25,206 | 35,173 | 25,545 | 61,062 | 44,316 | 20,712 | -10,361 | -25,223 |
Loss on disposal of plants | |||||||||
- | - | - | - | - | - | - | - | - | -1,702 |
Depreciation, Depletion and Amortization | |||||||||
3,079 | 2,943 | 325 | 286 | 865 | 291 | 127 | 53 | 29,712 | 28,720 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||||||||
Share-based compensation expense | |||||||||
2,191 | 1,800 | 2,600 | 1,284 | 474 | 40 | 0 | 0 | 1,493 | 1,435 |
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | |||||||||
4,906 | 1,693 | 0 | 0 | - | - | - | - | - | - |
Deferred income taxes, net | |||||||||
1,237 | 14,712 | 36,299 | 13,147 | 8,352 | -25,338 | 0 | 0 | - | - |
Income (Loss) from Equity Method Investments | |||||||||
9,809 | 7,259 | 2,746 | 0 | 0 | - | - | - | - | - |
Distributions of income from unconsolidated entities | |||||||||
5,084 | 4,623 | 974 | 0 | 0 | - | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||
Increase in restricted cash | |||||||||
- | - | - | - | - | 327 | 1,063 | 320 | - | - |
(Increase) decrease in receivables | |||||||||
-122 | 3,029 | -843 | -866 | 2,566 | 303 | 333 | -624 | -14,211 | 4,057 |
Increase in inventory | |||||||||
83,970 | 129,291 | 95,452 | 70,204 | 58,728 | 38,026 | 96,630 | 98,154 | 2,499 | 2,804 |
(Increase) decrease in earnest money deposits | |||||||||
-2,107 | -2,119 | 3,097 | 383 | 11,169 | 3,384 | 1,983 | 1,309 | - | - |
Increase in other assets | |||||||||
1,525 | 2,741 | 1,701 | 2,325 | 1,887 | 828 | 982 | -131 | - | - |
Prepaid expenses | |||||||||
- | - | - | - | - | - | - | - | 587 | -968 |
Increase (decrease) in accounts payable | |||||||||
3,953 | -483 | 7,241 | 1,583 | -21 | 4,898 | 4,137 | 4,258 | -7,046 | 8,685 |
Increase in accrued expenses | |||||||||
-4,384 | 9,470 | 4,175 | 8,571 | -3,465 | 4,706 | 3,957 | 1,155 | - | - |
Payment for Contingent Consideration Liability, Operating Activities | |||||||||
1,332 | 0 | 0 | - | - | - | - | - | - | - |
(Decrease) increase in customer and builder deposits | |||||||||
-8,024 | 1,458 | 7,359 | 7,150 | -2,814 | -1,022 | -1,445 | 9,151 | - | - |
Other current liabilities | |||||||||
- | - | - | - | - | - | - | - | -385 | 420 |
Other assets and liabilities | |||||||||
- | - | - | - | - | - | - | - | 971 | -3,021 |
Net cash provided by (used in) operating activities | |||||||||
-22,063 | -39,476 | -18,003 | -4,852 | -45,414 | 1,769 | -49,899 | -63,699 | 23,567 | 12,867 |
Payments to Acquire Businesses, Net of Cash Acquired | |||||||||
0 | 26,861 | 0 | 0 | - | - | - | - | - | - |
Net cash provided by (used in) financing activities | |||||||||
- | - | - | - | - | 4,583 | 9,519 | -963 | 7,711 | 1,319 |
Cash flows from investing activities: | |||||||||
Investment in direct financing leases | |||||||||
- | - | - | - | - | - | - | 13,284 | - | - |
Proceeds from sale of investment in direct financing leases | |||||||||
- | - | - | - | 2,768 | 5,581 | 3,168 | 1,767 | - | - |
Investments in unconsolidated entities | |||||||||
5,300 | 755 | 286 | 0 | 0 | - | - | - | - | - |
Issuance of notes receivable | |||||||||
- | - | - | - | - | 1,600 | 4,201 | 17,788 | - | - |
Repayments of notes receivable | |||||||||
- | - | - | - | - | 9,156 | 11,917 | 32,317 | - | - |
Purchase of property and equipment | |||||||||
2,569 | 3,211 | 149 | 458 | 307 | 520 | 98 | 491 | 2,843 | 4,576 |
Net cash used in investing activities | |||||||||
-7,869 | -30,827 | -435 | -458 | 2,461 | 12,617 | 10,786 | 2,521 | -2,843 | -4,576 |
Net Cash Provided by (Used in) Financing Activities [Abstract] | |||||||||
Cash received as part of reverse recapitalization | |||||||||
- | - | - | - | - | 31,916 | 0 | 0 | - | - |
Borrowings from lines of credit | |||||||||
224,000 | 165,000 | 88,500 | 63,000 | 86,000 | 19,000 | 39,000 | 28,203 | - | - |
Proceeds from Issuance of Senior Long-term Debt | |||||||||
75,000 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from sale of stock | |||||||||
- | - | - | - | - | - | - | - | 46,000 | 0 |
Proceeds from issuance of debt | |||||||||
- | - | - | - | - | - | - | - | - | 27,514 |
Repayment of debt | |||||||||
- | - | - | - | - | - | - | - | 54,078 | 30,600 |
Repayment of notes payable and capital leases | |||||||||
- | - | - | - | - | - | - | - | 3,201 | 1,074 |
Payment of equity offering costs | |||||||||
- | - | - | - | - | - | - | - | 1,621 | 1,857 |
Payments of Debt Issuance Costs | |||||||||
1,974 | 870 | 809 | 326 | - | - | - | - | 113 | 955 |
Proceeds from notes payable | |||||||||
- | - | - | 2,660 | 3,206 | 7,989 | 21,462 | 22,876 | - | - |
Repayments of Lines of Credit | |||||||||
260,000 | 70,000 | 56,500 | 35,500 | 52,561 | 22,147 | 28,336 | 24,609 | - | - |
Repayments of notes payable | |||||||||
0 | 10,226 | 1,022 | 1,870 | 5,199 | 22,434 | 16,309 | 5,152 | - | - |
Payment for Contingent Consideration Liability, Financing Activities | |||||||||
514 | 0 | 0 | - | - | - | - | - | - | - |
Repayment of term loan facility | |||||||||
- | - | - | - | 150,000 | 0 | 0 | - | - | - |
Proceeds from equity offering, net of issuance costs | |||||||||
- | - | - | - | 169,942 | 0 | 0 | - | - | - |
Payment, Tax Withholding, Share-based Payment Arrangement | |||||||||
544 | 412 | 586 | 0 | 0 | - | - | - | - | - |
Payments for Repurchase of Common Stock | |||||||||
2,186 | 981 | 0 | 0 | - | - | - | - | - | - |
Contributions from controlling interests | |||||||||
- | - | - | - | - | - | 57,286 | 41,500 | - | - |
Contributions from noncontrolling interests | |||||||||
3,600 | 5 | 438 | 2,928 | 87 | 787 | 1,756 | 1,215 | - | - |
Distributions to controlling interests | |||||||||
- | - | - | - | - | 13,121 | 19,478 | 1,028 | - | - |
Payments to Noncontrolling Interests | |||||||||
10,993 | 10,747 | 10,896 | 9,755 | 7,723 | 11,793 | 6,749 | 2,790 | - | - |
Proceeds from (Payments for) Other Financing Activities | |||||||||
-527 | 0 | 0 | - | - | - | - | - | - | - |
Net cash provided by (used in) financing activities | |||||||||
25,862 | 71,769 | 19,125 | 21,137 | 43,752 | -9,803 | 48,632 | 60,215 | -13,013 | -6,972 |
Net increase (decrease) in cash and cash equivalents and restricted cash | |||||||||
-4,070 | 1,466 | 687 | 15,827 | 799 | - | - | - | - | - |
Supplemental Cash Flow Information [Abstract] | |||||||||
Interest Paid, Excluding Capitalized Interest, Operating Activities | |||||||||
0 | 0 | 0 | 0 | 2,764 | 1,433 | 497 | 346 | - | - |
Cash paid for income taxes, net of refunds | |||||||||
14,313 | 4,611 | 2,941 | 1,503 | 1,339 | 636 | 665 | 138 | 5 | 5 |
Cash paid for interest | |||||||||
- | - | - | - | - | - | - | - | 6,870 | 7,643 |
Supplemental disclosure of noncash investing and financing activities: | |||||||||
Decrease in land not owned under option contracts | |||||||||
- | - | - | - | -8,935 | -7,279 | 0 | 0 | - | - |
Additions to property, plant and equipment unpaid during the period | |||||||||
- | - | - | - | - | - | - | - | 22 | 83 |
Accrued debt issuance costs | |||||||||
- | - | - | - | 52 | 235 | 0 | 0 | - | - |
Out-of-period equity adjustment | |||||||||
- | - | - | - | 1,933 | 0 | 0 | - | - | - |
Equity issuance related to investment in unconsolidated entity | |||||||||
0 | 0 | 14,622 | 0 | 0 | - | - | - | - | - |
Additions to equity offering and debt issuance costs unpaid during period | |||||||||
- | - | - | - | - | - | - | - | - | 1,078 |
Issuance of common stock in exchange for debt | |||||||||
- | - | - | - | - | - | - | - | 11,601 | 0 |