v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net income (loss) $ 3,086 $ 118,152
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,585 3,109
Amortization of share-based compensation 1,529 1,728
Impairment charges 219 228
Loss on extinguishment of debt 2,933 0
Deferred income taxes, net 2,394 (110,192)
Payment of withholding taxes on share-based awards 363 115
Other adjustments, net 3 13
Changes in operating assets and liabilities:    
Restricted cash (173) 25,856
Receivables 1,327 1,467
Land and other inventories (46,457) (53,981)
Prepaid expenses and other assets (4,022) 1,969
Accounts payable, estimated development liability, and accrued and other liabilities (6,599) (1,320)
Customer deposits 5,689 5,507
Net cash used in operating activities (36,123) (7,349)
Investing Activities    
Investment in property and equipment (1,256) (269)
Proceeds from sales of property and equipment 5 11
Business acquisitions (41,053) 10
Investment in unconsolidated entities (17) (20)
Net cash used in investing activities (42,321) (268)
Financing Activities    
Proceeds from issuance of debt 400,000  
Gross proceeds from Senior Secured Credit Facility 30,000 35,000
Payments of Senior Secured Credit Facility (30,000)  
Debt issuance costs (8,091)  
Principal payments of senior debt (47,248) (46,793)
Payment of withholding taxes on share-based awards (363) (115)
Other financing activities, net (2,419) (4,277)
Net cash used in financing activities 341,879 (16,185)
Decrease in cash and cash equivalents 263,435 (23,802)
Cash and cash equivalents at beginning of year 67,792 46,898
Cash and cash equivalents at end of year 331,227 23,096
Supplemental cash flow information:    
Interest paid, net 1,530 1,523
Income taxes paid 580 $ 610
Supplemental non-cash invvesting activity:    
Accrual of contingent consideration $ 1,818