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Supplemental Guarantor Information (Tables) | 12 Months Ended
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Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract] |
Condensed Consolidating Balance Sheet | Condensed Consolidating Balance Sheet (in thousands):
| December 31, 2018
| Issuer |  | Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated TRI Pointe Group, Inc.
Assets |  |  |  |  |  |  |
Cash and cash equivalents | $ | 148,129 |  |  | $ | 129,567 |  |  | $ | — |  |  | $ | 277,696 |
Receivables | 16,589 |  |  | 35,003 |  |  | — |  |  | 51,592 |
Intercompany receivables | 758,501 |  |  | — |  |  | (758,501 | ) |  | — |
Real estate inventories | 812,799 |  |  | 2,403,260 |  |  | — |  |  | 3,216,059 |
Investments in unconsolidated entities | — |  |  | 5,410 |  |  | — |  |  | 5,410 |
Goodwill and other intangible assets, net | 156,604 |  |  | 3,823 |  |  | — |  |  | 160,427 |
Investments in subsidiaries | 1,672,635 |  |  | — |  |  | (1,672,635 | ) |  | — |
Deferred tax assets, net | 14,822 |  |  | 52,946 |  |  | — |  |  | 67,768 |
Other assets | 12,984 |  |  | 92,267 |  |  | — |  |  | 105,251 |
Total Assets | $ | 3,593,063 |  |  | $ | 2,722,276 |  |  | $ | (2,431,136 | ) |  | $ | 3,884,203 |
Liabilities |  |  |  |  |  |  |
Accounts payable | $ | 13,433 |  |  | $ | 67,880 |  |  | $ | — |  |  | $ | 81,313 |
Intercompany payables | — |  |  | 758,501 |  |  | (758,501 | ) |  | — |
Accrued expenses and other liabilities | 111,902 |  |  | 223,247 |  |  | — |  |  | 335,149 |
Senior notes, net | 1,410,804 |  |  | — |  |  | — |  |  | 1,410,804 |
Total Liabilities | 1,536,139 |  |  | 1,049,628 |  |  | (758,501 | ) |  | 1,827,266 |
Equity |  |  |  |  |  |  |
Total stockholders’ equity | 2,056,924 |  |  | 1,672,635 |  |  | (1,672,635 | ) |  | 2,056,924 |
Noncontrolling interests | — |  |  | 13 |  |  | — |  |  | 13 |
Total Equity | 2,056,924 |  |  | 1,672,648 |  |  | (1,672,635 | ) |  | 2,056,937 |
Total Liabilities and Equity | $ | 3,593,063 |  |  | $ | 2,722,276 |  |  | $ | (2,431,136 | ) |  | $ | 3,884,203 |
Condensed Consolidating Balance Sheet (in thousands):
| December 31, 2017
| Issuer |  | Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated TRI Pointe Group, Inc.
Assets |  |  |  |  |  |  |
Cash and cash equivalents | $ | 176,684 |  |  | $ | 106,230 |  |  | $ | — |  |  | $ | 282,914 |
Receivables | 56,021 |  |  | 69,579 |  |  | — |  |  | 125,600 |
Intercompany receivables | 794,550 |  |  | — |  |  | (794,550 | ) |  | — |
Real estate inventories | 855,727 |  |  | 2,249,826 |  |  | — |  |  | 3,105,553 |
Investments in unconsolidated entities | — |  |  | 5,870 |  |  | — |  |  | 5,870 |
Goodwill and other intangible assets, net | 156,604 |  |  | 4,357 |  |  | — |  |  | 160,961 |
Investments in subsidiaries | 1,448,690 |  |  | — |  |  | (1,448,690 | ) |  | — |
Deferred tax assets, net | 10,892 |  |  | 65,521 |  |  | — |  |  | 76,413 |
Other assets | 3,465 |  |  | 44,605 |  |  | — |  |  | 48,070 |
Total Assets | $ | 3,502,633 |  |  | $ | 2,545,988 |  |  | $ | (2,243,240 | ) |  | $ | 3,805,381 |
Liabilities |  |  |  |  |  |  |
Accounts payable | $ | 9,364 |  |  | $ | 63,506 |  |  | $ | — |  |  | $ | 72,870 |
Intercompany payables | — |  |  | 794,550 |  |  | (794,550 | ) |  | — |
Accrued expenses and other liabilities | 92,245 |  |  | 238,637 |  |  | — |  |  | 330,882 |
Senior notes, net | 1,471,302 |  |  | — |  |  | — |  |  | 1,471,302 |
Total Liabilities | 1,572,911 |  |  | 1,096,693 |  |  | (794,550 | ) |  | 1,875,054 |
Equity |  |  |  |  |  |  |
Total stockholders’ equity | 1,929,722 |  |  | 1,448,690 |  |  | (1,448,690 | ) |  | 1,929,722 |
Noncontrolling interests | — |  |  | 605 |  |  | — |  |  | 605 |
Total Equity | 1,929,722 |  |  | 1,449,295 |  |  | (1,448,690 | ) |  | 1,930,327 |
Total Liabilities and Equity | $ | 3,502,633 |  |  | $ | 2,545,988 |  |  | $ | (2,243,240 | ) |  | $ | 3,805,381 |
Condensed Consolidating Statement of Operations | Condensed Consolidating Statement of Operations (in thousands):
| Year Ended December 31, 2018
| Issuer |  | Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated TRI Pointe Group, Inc.
Homebuilding: |  |  |  |  |  |  |
Home sales revenue | $ | 1,073,592 |  |  | $ | 2,170,495 |  |  | $ | — |  |  | $ | 3,244,087 |
Land and lot sales revenue | — |  |  | 8,758 |  |  | — |  |  | 8,758 |
Other operations revenue | — |  |  | 8,164 |  |  | — |  |  | 8,164 |
Total revenues | 1,073,592 |  |  | 2,187,417 |  |  | — |  |  | 3,261,009 |
Cost of home sales | 877,928 |  |  | 1,658,971 |  |  | — |  |  | 2,536,899 |
Cost of land and lot sales | 17,500 |  |  | 7,935 |  |  | — |  |  | 25,435 |
Other operations expense | — |  |  | 3,174 |  |  | — |  |  | 3,174 |
Sales and marketing | 48,593 |  |  | 138,674 |  |  | — |  |  | 187,267 |
General and administrative | 78,669 |  |  | 76,361 |  |  | — |  |  | 155,030 |
Homebuilding income from operations | 50,902 |  |  | 302,302 |  |  | — |  |  | 353,204 |
Equity in loss of unconsolidated entities | — |  |  | (393 | ) |  | — |  |  | (393 | )
Other (loss) income, net | (623 | ) |  | 204 |  |  | — |  |  | (419 | )
Homebuilding income before taxes | 50,279 |  |  | 302,113 |  |  | — |  |  | 352,392 |
Financial Services: |  |  |  |  |  |  |
Revenues | — |  |  | 1,738 |  |  | — |  |  | 1,738 |
Expenses | — |  |  | 582 |  |  | — |  |  | 582 |
Equity in income of unconsolidated entities | — |  |  | 8,517 |  |  | — |  |  | 8,517 |
Financial services income before taxes | — |  |  | 9,673 |  |  | — |  |  | 9,673 |
Income before taxes | 50,279 |  |  | 311,786 |  |  | — |  |  | 362,065 |
Provision for income taxes | (13,084 | ) |  | (77,468 | ) |  | — |  |  | (90,552 | )
Equity of net income (loss) of subsidiaries | 232,716 |  |  | — |  |  | (232,716 | ) |  | — |
Net income (loss) | 269,911 |  |  | 234,318 |  |  | (232,716 | ) |  | 271,513 |
Net income attributable to noncontrolling interests | — |  |  | (1,602 | ) |  | — |  |  | (1,602 | )
Net income (loss) available to common stockholders | $ | 269,911 |  |  | $ | 232,716 |  |  | $ | (232,716 | ) |  | $ | 269,911 |
Condensed Consolidating Statement of Operations (in thousands):
| Year Ended December 31, 2017
| Issuer |  | Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated TRI Pointe Group, Inc.
Homebuilding: |  |  |  |  |  |  |
Home sales revenue | $ | 927,247 |  |  | $ | 1,805,052 |  |  | $ | — |  |  | $ | 2,732,299 |
Land and lot sales revenue | — |  |  | 74,269 |  |  | — |  |  | 74,269 |
Other operations revenue | — |  |  | 2,333 |  |  | — |  |  | 2,333 |
Total revenues | 927,247 |  |  | 1,881,654 |  |  | — |  |  | 2,808,901 |
Cost of home sales | 780,732 |  |  | 1,392,519 |  |  | — |  |  | 2,173,251 |
Cost of land and lot sales | — |  |  | 14,888 |  |  | — |  |  | 14,888 |
Other operations expense | — |  |  | 2,298 |  |  | — |  |  | 2,298 |
Sales and marketing | 34,286 |  |  | 102,780 |  |  | — |  |  | 137,066 |
General and administrative | 67,006 |  |  | 70,758 |  |  | — |  |  | 137,764 |
Homebuilding income from operations | 45,223 |  |  | 298,411 |  |  | — |  |  | 343,634 |
Equity in loss of unconsolidated entities | — |  |  | (11,433 | ) |  | — |  |  | (11,433 | )
Other income, net | 38 |  |  | 113 |  |  | — |  |  | 151 |
Homebuilding income before taxes | 45,261 |  |  | 287,091 |  |  | — |  |  | 332,352 |
Financial Services: |  |  |  |  |  |  |
Revenues | — |  |  | 1,371 |  |  | — |  |  | 1,371 |
Expenses | — |  |  | 331 |  |  | — |  |  | 331 |
Equity in income of unconsolidated entities | — |  |  | 6,426 |  |  | — |  |  | 6,426 |
Financial services income before taxes | — |  |  | 7,466 |  |  | — |  |  | 7,466 |
Income before taxes | 45,261 |  |  | 294,557 |  |  | — |  |  | 339,818 |
Provision for income taxes | (22,501 | ) |  | (129,766 | ) |  | — |  |  | (152,267 | )
Equity of net income (loss) of subsidiaries | 164,431 |  |  | — |  |  | (164,431 | ) |  | — |
Net income (loss) | 187,191 |  |  | 164,791 |  |  | (164,431 | ) |  | 187,551 |
Net income attributable to noncontrolling interests | — |  |  | (360 | ) |  | — |  |  | (360 | )
Net income (loss) available to common stockholders | $ | 187,191 |  |  | $ | 164,431 |  |  | $ | (164,431 | ) |  | $ | 187,191 |
Condensed Consolidating Statement of Operations (in thousands):
| Year Ended December 31, 2016
| Issuer |  | Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated TRI Pointe Group, Inc.
Homebuilding: |  |  |  |  |  |  |
Home sales revenue | $ | 723,186 |  |  | $ | 1,606,150 |  |  | $ | — |  |  | $ | 2,329,336 |
Land and lot sales revenue | — |  |  | 72,272 |  |  | — |  |  | 72,272 |
Other operations revenue | — |  |  | 2,314 |  |  | — |  |  | 2,314 |
Total revenues | 723,186 |  |  | 1,680,736 |  |  | — |  |  | 2,403,922 |
Cost of home sales | 607,316 |  |  | 1,229,011 |  |  | — |  |  | 1,836,327 |
Cost of land and lot sales | — |  |  | 17,367 |  |  | — |  |  | 17,367 |
Other operations expense | — |  |  | 2,247 |  |  | — |  |  | 2,247 |
Sales and marketing | 29,092 |  |  | 98,811 |  |  | — |  |  | 127,903 |
General and administrative | 59,327 |  |  | 64,792 |  |  | — |  |  | 124,119 |
Homebuilding income from operations | 27,451 |  |  | 268,508 |  |  | — |  |  | 295,959 |
Equity in income of unconsolidated entities | — |  |  | 179 |  |  | — |  |  | 179 |
Other (loss) income, net | 149 |  |  | 163 |  |  | — |  |  | 312 |
Homebuilding income before taxes | 27,600 |  |  | 268,850 |  |  | — |  |  | 296,450 |
Financial Services: |  |  |  |  |  |  |
Revenues | — |  |  | 1,220 |  |  | — |  |  | 1,220 |
Expenses | — |  |  | 253 |  |  | — |  |  | 253 |
Equity in income of unconsolidated entities | — |  |  | 4,810 |  |  | — |  |  | 4,810 |
Financial services income before taxes | — |  |  | 5,777 |  |  | — |  |  | 5,777 |
Income before taxes | 27,600 |  |  | 274,627 |  |  | — |  |  | 302,227 |
Provision for income taxes | (11,322 | ) |  | (94,772 | ) |  | — |  |  | (106,094 | )
Equity of net income (loss) of subsidiaries | 178,893 |  |  | — |  |  | (178,893 | ) |  | — |
Net income (loss) | 195,171 |  |  | 179,855 |  |  | (178,893 | ) |  | 196,133 |
Net income attributable to noncontrolling interests | — |  |  | (962 | ) |  | — |  |  | (962 | )
Net income (loss) available to common stockholders | $ | 195,171 |  |  | $ | 178,893 |  |  | $ | (178,893 | ) |  | $ | 195,171 |
Condensed Consolidating Statement of Cash Flows | Condensed Consolidating Statement of Cash Flows (in thousands):
| Year Ended December 31, 2018
| Issuer |  | Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated TRI Pointe Group, Inc.
Cash flows from operating activities: |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 156,976 |  |  | $ | 153,686 |  |  | $ | — |  |  | $ | 310,662 |
Cash flows from investing activities: |  |  |  |  |  |  |
Purchases of property and equipment | (8,038 | ) |  | (23,613 | ) |  | — |  |  | (31,651 | )
Proceeds from sale of property and equipment | — |  |  | 8 |  |  | — |  |  | 8 |
Investments in unconsolidated entities | — |  |  | (2,274 | ) |  | — |  |  | (2,274 | )
Intercompany | 40,781 |  |  | — |  |  | (40,781 | ) |  | — |
Net cash paid for acquisition | — |  |  | (61,495 | ) |  | — |  |  | (61,495 | )
Net cash provided by (used in) investing activities | 32,743 |  |  | (87,374 | ) |  | (40,781 | ) |  | (95,412 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |
Borrowings from debt | 125,000 |  |  | — |  |  | — |  |  | 125,000 |
Repayment of debt | (193,105 | ) |  | — |  |  | — |  |  | (193,105 | )
Debt issuance costs | — |  |  | — |  |  | — |  |  | — |
Distributions to noncontrolling interests | — |  |  | (2,194 | ) |  | — |  |  | (2,194 | )
Proceeds from issuance of common stock under share-based awards | 1,943 |  |  | — |  |  | — |  |  | 1,943 |
Minimum tax withholding paid on behalf of employees for share-based awards | (6,049 | ) |  | — |  |  | — |  |  | (6,049 | )
Share repurchases | (146,063 | ) |  | — |  |  | — |  |  | (146,063 | )
Intercompany | — |  |  | (40,781 | ) |  | 40,781 |  |  | — |
Net cash (used in) provided by financing activities | (218,274 | ) |  | (42,975 | ) |  | 40,781 |  |  | (220,468 | )
Net (decrease) increase in cash and cash equivalents | (28,555 | ) |  | 23,337 |  |  | — |  |  | (5,218 | )
Cash and cash equivalents - beginning of year | 176,684 |  |  | 106,230 |  |  | — |  |  | 282,914 |
Cash and cash equivalents - end of year | $ | 148,129 |  |  | $ | 129,567 |  |  | $ | — |  |  | $ | 277,696 |
Condensed Consolidating Statement of Cash Flows (in thousands):
| Year Ended December 31, 2017
| Issuer |  | Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated TRI Pointe Group, Inc.
Cash flows from operating activities: |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 73,208 |  |  | $ | 28,466 |  |  | $ | — |  |  | $ | 101,674 |
Cash flows from investing activities: |  |  |  |  |  |  |
Purchases of property and equipment | (1,424 | ) |  | (1,181 | ) |  | — |  |  | (2,605 | )
Proceeds from sale of property and equipment | — |  |  | 6 |  |  | — |  |  | 6 |
Investments in unconsolidated entities | — |  |  | (980 | ) |  | — |  |  | (980 | )
Intercompany | (14,163 | ) |  | — |  |  | 14,163 |  |  | — |
Net cash (used in) provided by investing activities | (15,587 | ) |  | (2,155 | ) |  | 14,163 |  |  | (3,579 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |
Borrowings from debt | 500,000 |  |  | — |  |  | — |  |  | 500,000 |
Repayment of debt | (413,726 | ) |  | — |  |  | — |  |  | (413,726 | )
Debt issuance costs | (5,957 | ) |  | — |  |  | — |  |  | (5,957 | )
Distributions to noncontrolling interests | — |  |  | (1,333 | ) |  | — |  |  | (1,333 | )
Proceeds from issuance of common stock under share-based awards | 12,291 |  |  | — |  |  | — |  |  | 12,291 |
Minimum tax withholding paid on behalf of employees for share-based awards | (2,896 | ) |  | — |  |  | — |  |  | (2,896 | )
Share repurchases | (112,217 | ) |  | — |  |  | — |  |  | (112,217 | )
Intercompany | — |  |  | 14,163 |  |  | (14,163 | ) |  | — |
Net cash (used in) provided by financing activities | (22,505 | ) |  | 12,830 |  |  | (14,163 | ) |  | (23,838 | )
Net increase in cash and cash equivalents | 35,116 |  |  | 39,141 |  |  | — |  |  | 74,257 |
Cash and cash equivalents - beginning of year | 141,568 |  |  | 67,089 |  |  | — |  |  | 208,657 |
Cash and cash equivalents - end of year | $ | 176,684 |  |  | $ | 106,230 |  |  | $ | — |  |  | $ | 282,914 |
Condensed Consolidating Statement of Cash Flows (in thousands):
| Year Ended December 31, 2016
| Issuer |  | Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated TRI Pointe Group, Inc.
Cash flows from operating activities: |  |  |  |  |  |  |
Net cash (used in) provided by operating activities | $ | (179,397 | ) |  | $ | 21,087 |  |  | $ | — |  |  | $ | (158,310 | )
Cash flows from investing activities: |  |  |  |  |  |  |
Purchases of property and equipment | (1,603 | ) |  | (2,382 | ) |  | — |  |  | (3,985 | )
Proceeds from sale of property and equipment | — |  |  | 9 |  |  | — |  |  | 9 |
Investments in unconsolidated entities | — |  |  | (32 | ) |  | — |  |  | (32 | )
Intercompany | 12,102 |  |  | — |  |  | (12,102 | ) |  | — |
Net cash provided by (used in) investing activities | 10,499 |  |  | (2,405 | ) |  | (12,102 | ) |  | (4,008 | )
Cash flows from financing activities: |  |  |  |  |  |  |
Borrowings from debt | 541,069 |  |  | — |  |  | — |  |  | 541,069 |
Repayment of debt | (330,458 | ) |  | (400 | ) |  | — |  |  | (330,858 | )
Debt issuance costs | (5,062 | ) |  | — |  |  | — |  |  | (5,062 | )
Repayment of debt payable to Weyerhaeuser | — |  |  | (2,442 | ) |  | — |  |  | (2,442 | )
Decrease in book overdrafts | — |  |  | 1,955 |  |  | — |  |  | 1,955 |
Distributions to Weyerhaeuser | — |  |  | (5,318 | ) |  | — |  |  | (5,318 | )
Proceeds from issuance of common stock under share-based awards | 587 |  |  | — |  |  | — |  |  | 587 |
Minimum tax withholding paid on behalf of employees for share-based awards | (1,359 | ) |  | — |  |  | — |  |  | (1,359 | )
Share repurchases | (42,082 | ) |  | — |  |  | — |  |  | (42,082 | )
Intercompany | — |  |  | (12,102 | ) |  | 12,102 |  |  | — |
Net cash provided by (used in) financing activities | 162,695 |  |  | (18,307 | ) |  | 12,102 |  |  | 156,490 |
Net (decrease) increase in cash and cash equivalents | (6,203 | ) |  | 375 |  |  | — |  |  | (5,828 | )
Cash and cash equivalents - beginning of year | 147,771 |  |  | 66,714 |  |  | — |  |  | 214,485 |
Cash and cash equivalents - end of year | $ | 141,568 |  |  | $ | 67,089 |  |  | $ | — |  |  | $ | 208,657 |

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