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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (47,741) $ (25,972)
Adjustments to reconcile net loss to net cash used in operating activities:    
Equity in loss (earnings) from unconsolidated entities 389 (8,563)
Depreciation and amortization 3,034 13,371
Gain on distribution from indirect Legacy Interest in Great Park Venture—related party 0 (978)
Share-based compensation 4,764 2,439
Changes in operating assets and liabilities:    
Inventories (89,880) (112,007)
Related party assets 2,029 12,007
Other assets (602) 1,246
Accounts payable and other liabilities (14,521) 1,884
Related party liabilities 8,997 (1,261)
Net cash used in operating activities (133,531) (117,834)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Distribution from indirect Legacy Interest in Great Park Venture—related party 0 1,020
Purchase of properties and equipment (62) (137)
Net cash provided by investing activities 1,387 77,983
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of financing costs 0 (686)
Related party reimbursement obligation (2,327) (15,860)
Reacquisition of share-based compensation awards for tax-withholding purposes (2,736) (2,047)
Tax distributions to noncontrolling interests (435) (3,183)
Net cash used in financing activities (5,498) (21,776)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (137,642) (61,627)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—Beginning of period 266,792 299,474
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—End of period 129,150 237,847
Great Park Venture    
Adjustments to reconcile net loss to net cash used in operating activities:    
Equity in loss (earnings) from unconsolidated entities 1,094 (7,952)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Return of investment 0 76,623
Valencia Landbank Venture    
Adjustments to reconcile net loss to net cash used in operating activities:    
Equity in loss (earnings) from unconsolidated entities (500) (100)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Return of investment 1,544 477
Contribution to Valencia Landbank Venture $ (95) $ 0