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Restatement of Previously Issued Consolidated Financial Statements | 12 Months Ended
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Dec. 31, 2022
Accounting Changes and Error Corrections [Abstract] |
Restatement of Previously Issued Consolidated Financial Statements | Restatement of Previously Issued Consolidated Financial Statements During the quarter ended June 30, 2023, the Company identified and corrected an error related to the classification of cash outflows associated with the purchase of manufactured homes in the Consolidated Statements of Cash Flows. Previously, the Company classified these cash outflows within investing activities in the Consolidated Statements of Cash Flows. Based on the predominance principle in ASC 230-10-45-22, the Company determined that all of the cash flows associated with the purchase and sale of manufactured homes should be classified within operating activities in the Consolidated Statements of Cash Flows. There was no impact to the Consolidated Statements of Income and Comprehensive Income, Consolidated Balance Sheets, or Consolidated Statements of Changes in Equity for any periods presented. The Company is correcting this misclassification by restating its Consolidated Statements of Cash Flows through this Annual Report on Form 10-K/A. The impact on the line items within the previously reported Consolidated Statements of Cash Flows for the years ended December 31, 2022, 2021 and 2020 previously filed in the Annual Report on Form 10-K for the year ended December 31, 2022 are as follows (in thousands):
| Year Ended December 31, 2022 |  | Year Ended December 31, 2021 |  | Year Ended December 31, 2020
Operating Activities | As Reported | Adjustment | As Restated |  | As Reported | Adjustment | As Restated |  | As Reported | Adjustment | As Restated
Manufactured homes, net | $ | — |  | (27,419) |  | $ | (27,419) |  |  | $ | — |  | (4,963) |  | $ | (4,963) |  |  | $ | — |  | (10,280) |  | $ | (10,280) |
Other assets, net | $ | 92,458 |  | (96,103) |  | $ | (3,645) |  |  | $ | 53,913 |  | (81,062) |  | $ | (27,149) |  |  | $ | 34,048 |  | (38,845) |  | $ | (4,797) |
Net cash provided by operating activities | $ | 599,336 |  | (123,522) |  | $ | 475,814 |  |  | $ | 595,052 |  | (86,025) |  | $ | 509,027 |  |  | $ | 466,537 |  | (49,125) |  | $ | 417,412 |
Investing Activities |  |  |  |  |  |  |  |  |  |  |
Capital improvements | $ | (372,799) |  | 123,522 |  | $ | (249,277) |  |  | $ | (290,290) |  | 86,025 |  | $ | (204,265) |  |  | $ | (217,082) |  | 49,125 |  | $ | (167,957) |
Net cash used in investing activities | $ | (525,589) |  | 123,522 |  | $ | (402,067) |  |  | $ | (914,455) |  | 86,025 |  | $ | (828,430) |  |  | $ | (450,379) |  | 49,125 |  | $ | (401,254) |
Cash and restricted cash, end of year | $ | 22,347 |  | — | $ | 22,347 |  |  | $ | 123,398 |  | — | $ | 123,398 |  |  | $ | 24,060 |  | — | $ | 24,060 |
In addition, capital improvements in our Home Sales and Rental Operations segment shown in Note 18. Reportable Segments and our presentation of capital activity on Schedule III - Real Estate and Accumulated Depreciation have been updated to reflect the restatement to our Consolidated Statements of Cash Flows.

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- Definition The entire disclosure for reporting error correction. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794 + Details
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