Supplemental Guarantor Information (Tables)
|
12 Months Ended |
Dec. 31, 2018 |
Supplemental Guarantor Information [Abstract] |
|
Supplemental Condensed Consolidated Balance Sheet |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Condensed Consolidated Balance Sheet
|
|
|
As of December 31, 2018 (in thousands)
|
|
|
|
|
|
Guarantor
|
|
Non Guarantor
|
|
Elimination
|
|
Consolidated
|
|
|
Century
|
|
Subsidiaries
|
|
Subsidiaries
|
|
Entries
|
|
Century
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$
|
2,183
|
|
|
2,101
|
|
|
28,618
|
|
|
|
|
$
|
32,902
|
Cash held in escrow
|
|
|
—
|
|
|
24,344
|
|
|
—
|
|
|
|
|
|
24,344
|
Accounts receivable
|
|
|
6,117
|
|
|
7,424
|
|
|
(77)
|
|
|
|
|
|
13,464
|
Investment in consolidated subsidiaries
|
|
|
1,827,456
|
|
|
—
|
|
|
—
|
|
|
(1,827,456)
|
|
|
—
|
Inventories
|
|
|
—
|
|
|
1,848,243
|
|
|
—
|
|
|
|
|
|
1,848,243
|
Mortgage loans held for sale
|
|
|
—
|
|
|
—
|
|
|
114,074
|
|
|
|
|
|
114,074
|
Prepaid expenses and other assets
|
|
|
51,177
|
|
|
85,224
|
|
|
2,316
|
|
|
|
|
|
138,717
|
Deferred tax assets, net
|
|
|
13,763
|
|
|
—
|
|
|
—
|
|
|
|
|
|
13,763
|
Property and equipment, net
|
|
|
13,274
|
|
|
18,989
|
|
|
995
|
|
|
|
|
|
33,258
|
Amortizable intangible assets, net
|
|
|
—
|
|
|
5,095
|
|
|
—
|
|
|
|
|
|
5,095
|
Goodwill
|
|
|
—
|
|
|
30,395
|
|
|
—
|
|
|
|
|
|
30,395
|
Total assets
|
|
$
|
1,913,970
|
|
$
|
2,021,815
|
|
$
|
145,926
|
|
$
|
(1,827,456)
|
|
$
|
2,254,255
|
Liabilities and stockholders’ equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$
|
623
|
|
|
88,627
|
|
|
657
|
|
|
—
|
|
$
|
89,907
|
Accrued expenses and other liabilities
|
|
|
75,506
|
|
|
131,548
|
|
|
6,103
|
|
|
—
|
|
|
213,157
|
Notes payable
|
|
|
775,982
|
|
|
8,795
|
|
|
—
|
|
|
—
|
|
|
784,777
|
Revolving line of credit
|
|
|
202,500
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
202,500
|
Mortgage repurchase facilities
|
|
|
—
|
|
|
—
|
|
|
104,555
|
|
|
—
|
|
|
104,555
|
Total liabilities
|
|
|
1,054,611
|
|
|
228,970
|
|
|
111,315
|
|
|
—
|
|
|
1,394,896
|
Stockholders’ equity:
|
|
|
859,359
|
|
|
1,792,845
|
|
|
34,611
|
|
|
(1,827,456)
|
|
|
859,359
|
Total liabilities and stockholders’ equity
|
|
$
|
1,913,970
|
|
$
|
2,021,815
|
|
$
|
145,926
|
|
$
|
(1,827,456)
|
|
$
|
2,254,255
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Condensed Consolidated Balance Sheet
|
|
|
As of December 31, 2017 (in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Guarantor
|
|
Non Guarantor
|
|
Elimination
|
|
Consolidated
|
|
|
Century
|
|
Subsidiaries
|
|
Subsidiaries
|
|
Entries
|
|
Century
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$
|
56,234
|
|
$
|
23,399
|
|
$
|
9,199
|
|
$
|
—
|
|
$
|
88,832
|
Cash held in escrow
|
|
|
—
|
|
|
37,088
|
|
|
635
|
|
|
—
|
|
|
37,723
|
Accounts receivable
|
|
|
3,124
|
|
|
9,944
|
|
|
(69)
|
|
|
—
|
|
|
12,999
|
Investment in consolidated subsidiaries
|
|
|
1,434,619
|
|
|
—
|
|
|
—
|
|
|
(1,434,619)
|
|
|
—
|
Inventories
|
|
|
—
|
|
|
1,390,354
|
|
|
—
|
|
|
—
|
|
|
1,390,354
|
Mortgage loans held for sale
|
|
|
—
|
|
|
—
|
|
|
52,327
|
|
|
—
|
|
|
52,327
|
Prepaid expenses and other assets
|
|
|
3,028
|
|
|
57,273
|
|
|
511
|
|
|
—
|
|
|
60,812
|
Deferred tax assets, net
|
|
|
5,555
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
5,555
|
Property and equipment, net
|
|
|
11,694
|
|
|
15,683
|
|
|
534
|
|
|
—
|
|
|
27,911
|
Investment in unconsolidated subsidiaries
|
|
|
28,208
|
|
|
—
|
|
|
—
|
|
|
|
|
|
28,208
|
Amortizable intangible assets, net
|
|
|
—
|
|
|
2,938
|
|
|
—
|
|
|
—
|
|
|
2,938
|
Goodwill
|
|
|
—
|
|
|
27,363
|
|
|
—
|
|
|
—
|
|
|
27,363
|
Total assets
|
|
$
|
1,542,462
|
|
$
|
1,564,042
|
|
$
|
63,137
|
|
$
|
(1,434,619)
|
|
$
|
1,735,022
|
Liabilities and stockholders’ equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$
|
1,452
|
|
$
|
23,057
|
|
$
|
322
|
|
$
|
—
|
|
$
|
24,831
|
Accrued expenses and other liabilities
|
|
|
31,814
|
|
|
117,070
|
|
|
1,472
|
|
|
—
|
|
|
150,356
|
Deferred tax liability
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
Notes payable
|
|
|
773,963
|
|
|
2,320
|
|
|
—
|
|
|
—
|
|
|
776,283
|
Revolving line of credit
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
Mortgage repurchase facilities
|
|
|
—
|
|
|
—
|
|
|
48,319
|
|
|
—
|
|
|
48,319
|
Total liabilities
|
|
|
807,229
|
|
|
142,447
|
|
|
50,113
|
|
|
—
|
|
|
999,789
|
Stockholders’ equity:
|
|
|
735,233
|
|
|
1,421,595
|
|
|
13,024
|
|
|
(1,434,619)
|
|
|
735,233
|
Total liabilities and stockholders’ equity
|
|
$
|
1,542,462
|
|
$
|
1,564,042
|
|
$
|
63,137
|
|
$
|
(1,434,619)
|
|
$
|
1,735,022
|
|
Supplemental Condensed Consolidated Statement Of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Condensed Consolidated Statement of Operations
|
|
For the Year Ended December 31, 2018 (in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Guarantor
|
|
Non Guarantor
|
|
Elimination
|
|
Consolidated
|
|
|
Century
|
|
Subsidiaries
|
|
Subsidiaries
|
|
Entries
|
|
CCS
|
Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Homebuilding revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home sales revenues
|
|
$
|
—
|
|
$
|
2,110,058
|
|
$
|
—
|
|
$
|
—
|
|
$
|
2,110,058
|
Land sales and other revenues
|
|
|
—
|
|
|
5,631
|
|
|
—
|
|
|
—
|
|
|
5,631
|
|
|
|
—
|
|
|
2,115,689
|
|
|
—
|
|
|
—
|
|
|
2,115,689
|
Financial services revenue
|
|
|
—
|
|
|
—
|
|
|
31,724
|
|
|
—
|
|
|
31,724
|
Total revenues
|
|
|
—
|
|
|
2,115,689
|
|
|
31,724
|
|
|
—
|
|
|
2,147,413
|
Homebuilding cost of revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of homes sales revenues
|
|
|
—
|
|
|
(1,741,619)
|
|
|
—
|
|
|
—
|
|
|
(1,741,619)
|
Cost of land sales and other revenues
|
|
|
—
|
|
|
(3,832)
|
|
|
—
|
|
|
—
|
|
|
(3,832)
|
|
|
|
—
|
|
|
(1,745,451)
|
|
|
—
|
|
|
—
|
|
|
(1,745,451)
|
Financial services costs
|
|
|
—
|
|
|
—
|
|
|
(22,958)
|
|
|
—
|
|
|
(22,958)
|
Selling, general and administrative
|
|
|
(70,578)
|
|
|
(193,403)
|
|
|
—
|
|
|
—
|
|
|
(263,981)
|
Acquisition expense
|
|
|
(437)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(437)
|
Equity in earnings from consolidated subsidiaries
|
|
|
138,746
|
|
|
—
|
|
|
—
|
|
|
(138,746)
|
|
|
—
|
Equity in income of unconsolidated subsidiaries
|
|
|
14,849
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
14,849
|
Other income (expense)
|
|
|
(299)
|
|
|
(606)
|
|
|
—
|
|
|
—
|
|
|
(905)
|
Income before income tax expense
|
|
|
82,281
|
|
|
176,229
|
|
|
8,766
|
|
|
(138,746)
|
|
|
128,530
|
Income tax expense
|
|
|
14,174
|
|
|
(44,057)
|
|
|
(2,192)
|
|
|
—
|
|
|
(32,075)
|
Net income
|
|
$
|
96,455
|
|
$
|
132,172
|
|
$
|
6,574
|
|
$
|
(138,746)
|
|
$
|
96,455
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Condensed Consolidated Statement of Operations
|
|
For the Year Ended December 31, 2017 (in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Guarantor
|
|
Non Guarantor
|
|
Elimination
|
|
Consolidated
|
|
|
Century
|
|
Subsidiaries
|
|
Subsidiaries
|
|
Entries
|
|
Century
|
Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Homebuilding revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home sales revenues
|
|
$
|
—
|
|
$
|
1,405,443
|
|
$
|
—
|
|
$
|
—
|
|
$
|
1,405,443
|
Land sales and other revenues
|
|
|
—
|
|
|
8,503
|
|
|
—
|
|
|
—
|
|
|
8,503
|
|
|
|
—
|
|
|
1,413,946
|
|
|
—
|
|
|
—
|
|
|
1,413,946
|
Financial services revenue
|
|
|
—
|
|
|
—
|
|
|
9,853
|
|
|
—
|
|
|
9,853
|
Total revenues
|
|
|
—
|
|
|
1,413,946
|
|
|
9,853
|
|
|
—
|
|
|
1,423,799
|
Homebuilding cost of revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of homes sales revenues
|
|
|
—
|
|
|
(1,153,359)
|
|
|
—
|
|
|
—
|
|
|
(1,153,359)
|
Cost of land sales and other revenues
|
|
|
—
|
|
|
(6,516)
|
|
|
—
|
|
|
—
|
|
|
(6,516)
|
|
|
|
—
|
|
|
(1,159,875)
|
|
|
—
|
|
|
—
|
|
|
(1,159,875)
|
Financial services costs
|
|
|
—
|
|
|
—
|
|
|
(8,664)
|
|
|
—
|
|
|
(8,664)
|
Selling, general and administrative
|
|
|
(49,072)
|
|
|
(127,232)
|
|
|
—
|
|
|
—
|
|
|
(176,304)
|
Acquisition expense
|
|
|
(9,905)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(9,905)
|
Equity in earnings from consolidated subsidiaries
|
|
|
84,425
|
|
|
—
|
|
|
—
|
|
|
(84,425)
|
|
|
—
|
Equity in income from unconsolidated subsidiaries
|
|
|
12,176
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
12,176
|
Other income (expense)
|
|
|
1,080
|
|
|
1,820
|
|
|
37
|
|
|
—
|
|
|
2,937
|
Income before income tax expense
|
|
|
38,704
|
|
|
128,659
|
|
|
1,226
|
|
|
(84,425)
|
|
|
84,164
|
Income tax expense
|
|
|
11,591
|
|
|
(45,031)
|
|
|
(429)
|
|
|
—
|
|
|
(33,869)
|
Net income
|
|
$
|
50,295
|
|
$
|
83,628
|
|
$
|
797
|
|
$
|
(84,425)
|
|
$
|
50,295
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Condensed Consolidated Statement of Operations
|
|
For the Year Ended December 31, 2016 (in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Guarantor
|
|
Non Guarantor
|
|
Elimination
|
|
Consolidated
|
|
|
Century
|
|
Subsidiaries
|
|
Subsidiaries
|
|
Entries
|
|
Century
|
Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Homebuilding revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home sales revenues
|
|
$
|
—
|
|
$
|
978,733
|
|
$
|
—
|
|
$
|
—
|
|
$
|
978,733
|
Land sales and other revenues
|
|
|
—
|
|
|
15,707
|
|
|
—
|
|
|
—
|
|
|
15,707
|
|
|
|
—
|
|
|
994,440
|
|
|
—
|
|
|
—
|
|
|
994,440
|
Financial services revenue
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
Total revenues
|
|
|
—
|
|
|
994,440
|
|
|
—
|
|
|
—
|
|
|
994,440
|
Homebuilding cost of revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of homes sales revenues
|
|
|
—
|
|
|
(786,127)
|
|
|
—
|
|
|
—
|
|
|
(786,127)
|
Cost of land sales and other revenues
|
|
|
—
|
|
|
(14,217)
|
|
|
—
|
|
|
—
|
|
|
(14,217)
|
|
|
|
—
|
|
|
(800,344)
|
|
|
—
|
|
|
—
|
|
|
(800,344)
|
Financial services costs
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
Selling, general and administrative
|
|
|
(25,674)
|
|
|
(96,235)
|
|
|
(315)
|
|
|
—
|
|
|
(122,224)
|
Acquisition expense
|
|
|
(490)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(490)
|
Equity in earnings from consolidated subsidiaries
|
|
|
64,297
|
|
|
—
|
|
|
—
|
|
|
(64,297)
|
|
|
—
|
Equity in income from unconsolidated subsidiaries
|
|
|
191
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
191
|
Other income (expense)
|
|
|
34
|
|
|
1,542
|
|
|
—
|
|
|
—
|
|
|
1,576
|
Income before income tax expense
|
|
|
38,358
|
|
|
99,403
|
|
|
(315)
|
|
|
(64,297)
|
|
|
73,149
|
Income tax expense
|
|
|
11,182
|
|
|
(34,791)
|
|
|
—
|
|
|
—
|
|
|
(23,609)
|
Net income
|
|
$
|
49,540
|
|
$
|
64,612
|
|
$
|
(315)
|
|
$
|
(64,297)
|
|
$
|
49,540
|
|
Supplemental Condensed Consolidated Statement Of Cash Flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Condensed Consolidated Statement of Cash Flows
|
|
|
For the Year Ended December 31, 2018 (in thousands)
|
|
|
|
|
|
Guarantor
|
|
Non Guarantor
|
|
Elimination
|
|
Consolidated
|
|
|
Century
|
|
Subsidiaries
|
|
Subsidiaries
|
|
Entries
|
|
Century
|
Net cash provided by/(used in) operating activities
|
|
$
|
(74,074)
|
|
$
|
(71,532)
|
|
$
|
(49,972)
|
|
$
|
—
|
|
$
|
(195,578)
|
Net cash used in investing activities
|
|
$
|
(98,523)
|
|
$
|
(170,862)
|
|
$
|
(461)
|
|
$
|
226,310
|
|
$
|
(43,536)
|
Financing activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrowings under revolving credit facilities
|
|
$
|
721,000
|
|
$
|
—
|
|
$
|
—
|
|
$
|
—
|
|
$
|
721,000
|
Payments on revolving credit facilities
|
|
|
(518,500)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(518,500)
|
Net proceeds on mortgage repurchase facility
|
|
|
—
|
|
|
—
|
|
|
56,236
|
|
|
—
|
|
|
56,236
|
Proceeds from insurance notes payable
|
|
|
—
|
|
|
11,839
|
|
|
—
|
|
|
—
|
|
|
11,839
|
Extinguishments of debt assumed in business combination
|
|
|
(94,231)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(94,231)
|
Principal payments on notes payable
|
|
|
(9)
|
|
|
(5,362)
|
|
|
—
|
|
|
—
|
|
|
(5,371)
|
Debt issuance costs
|
|
|
(3,642)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(3,642)
|
Issuance of common stock - taxes for vesting
|
|
|
(5,484)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(5,484)
|
Repurchases of common stock under our stock repurchase program
|
|
|
30,947
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
30,947
|
Repurchases of common stock upon vesting of stock based compensation
|
|
|
(10,952)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(10,952)
|
Payments from (and advances to) parent/subsidiary
|
|
|
(583)
|
|
|
211,879
|
|
|
15,014
|
|
|
(226,310)
|
|
|
—
|
Net cash provided by (used in) financing activities
|
|
$
|
118,546
|
|
$
|
218,356
|
|
$
|
71,250
|
|
$
|
(226,310)
|
|
$
|
181,842
|
Net increase (decrease)
|
|
$
|
(54,051)
|
|
$
|
(24,038)
|
|
$
|
20,817
|
|
$
|
—
|
|
$
|
(57,272)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents and restricted cash
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning of period
|
|
$
|
56,234
|
|
$
|
28,044
|
|
$
|
9,435
|
|
$
|
—
|
|
$
|
93,713
|
End of period
|
|
$
|
2,183
|
|
$
|
4,006
|
|
$
|
30,252
|
|
$
|
—
|
|
$
|
36,441
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$
|
2,183
|
|
$
|
2,101
|
|
$
|
28,618
|
|
$
|
—
|
|
$
|
32,902
|
Restricted Cash
|
|
|
—
|
|
|
1,905
|
|
|
1,634
|
|
|
—
|
|
|
3,539
|
Cash and cash equivalents and restricted cash
|
|
$
|
2,183
|
|
$
|
4,006
|
|
$
|
30,252
|
|
$
|
—
|
|
$
|
36,441
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Condensed Consolidated Statement of Cash Flows
|
|
|
For the Year Ended December 31, 2017 (in thousands)
|
|
|
|
|
|
Guarantor
|
|
Non Guarantor
|
|
Elimination
|
|
Consolidated
|
|
|
Century
|
|
Subsidiaries
|
|
Subsidiaries
|
|
Entries
|
|
Century
|
Net cash provided by/(used in) operating activities
|
|
$
|
(27,787)
|
|
$
|
(33,169)
|
|
$
|
(50,316)
|
|
$
|
—
|
|
$
|
(111,272)
|
Net cash used in investing activities
|
|
$
|
(456,299)
|
|
$
|
(118,583)
|
|
$
|
(513)
|
|
$
|
440,949
|
|
$
|
(134,446)
|
Financing activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
—
|
Borrowings under revolving credit facilities
|
|
$
|
175,000
|
|
$
|
—
|
|
$
|
—
|
|
$
|
—
|
|
$
|
175,000
|
Payments on revolving credit facilities
|
|
|
(370,000)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(370,000)
|
Proceeds from issuance of senior notes
|
|
|
527,500
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
527,500
|
Proceeds from insurance notes payable
|
|
|
—
|
|
|
2,320
|
|
|
—
|
|
|
—
|
|
|
2,320
|
Extinguishments of debt assumed in business combination
|
|
|
—
|
|
|
(151,919)
|
|
|
—
|
|
|
—
|
|
|
(151,919)
|
Principal payments on notes payable
|
|
|
—
|
|
|
(6,998)
|
|
|
—
|
|
|
—
|
|
|
(6,998)
|
Debt issuance costs
|
|
|
(8,579)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(8,579)
|
Repurchases of common stock upon vesting of restricted stock awards
|
|
|
(5,231)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(5,231)
|
Payments from (and advances to) parent/subsidiary
|
|
|
108,930
|
|
|
326,242
|
|
|
5,777
|
|
|
(440,949)
|
|
|
—
|
Net proceeds from mortgage repurchase facilities
|
|
|
—
|
|
|
—
|
|
|
48,320
|
|
|
—
|
|
|
48,320
|
Net proceeds from issuances of common stock
|
|
|
98,063
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
98,063
|
Net cash provided by financing activities
|
|
|
525,683
|
|
$
|
169,645
|
|
$
|
54,097
|
|
$
|
(440,949)
|
|
|
308,476
|
Net increase (decrease)
|
|
|
41,597
|
|
$
|
17,893
|
|
$
|
3,268
|
|
$
|
—
|
|
|
62,758
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents and restricted cash
|
|
$
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning of period
|
|
$
|
14,637
|
|
$
|
10,151
|
|
$
|
6,167
|
|
$
|
—
|
|
$
|
30,955
|
End of period
|
|
|
56,234
|
|
$
|
28,044
|
|
$
|
9,435
|
|
$
|
—
|
|
|
93,713
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$
|
56,234
|
|
$
|
23,399
|
|
$
|
9,199
|
|
$
|
—
|
|
$
|
88,832
|
Restricted Cash
|
|
|
—
|
|
|
4,645
|
|
|
236
|
|
|
—
|
|
|
4,881
|
Cash and cash equivalents and Restricted cash
|
|
$
|
56,234
|
|
$
|
28,044
|
|
$
|
9,435
|
|
$
|
—
|
|
$
|
93,713
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Condensed Consolidated Statement of Cash Flows
|
|
|
For the Year Ended December 31, 2016 (in thousands)
|
|
|
|
|
|
Guarantor
|
|
Non Guarantor
|
|
Elimination
|
|
Consolidated
|
|
|
Century
|
|
Subsidiaries
|
|
Subsidiaries
|
|
Entries
|
|
Century
|
Net cash used in operating activities
|
|
$
|
(16,138)
|
|
|
(27,978)
|
|
|
(575)
|
|
|
—
|
|
|
(44,691)
|
Net cash used in investing activities
|
|
|
(58,032)
|
|
|
(5,585)
|
|
|
(23)
|
|
|
40,439
|
|
|
(23,201)
|
Financing activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrowings under revolving credit facilities
|
|
$
|
220,000
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
220,000
|
Payments on revolving credit facilities
|
|
|
(160,000)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(160,000)
|
Proceeds from issuance of senior notes
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
Proceeds from insurance premium notes and other
|
|
|
—
|
|
|
11,612
|
|
|
—
|
|
|
—
|
|
|
11,612
|
Repurchases of common stock under our stock repurchase program
|
|
|
(2,393)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(2,393)
|
Principal payments on notes payable
|
|
|
—
|
|
|
(9,217)
|
|
|
—
|
|
|
—
|
|
|
(9,217)
|
Debt issuance costs
|
|
|
(1,156)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1,156)
|
Repurchases of common stock upon vesting of restricted stock awards
|
|
|
(1,015)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1,015)
|
Payments from (and advances to) parent/subsidiary
|
|
|
—
|
|
|
33,674
|
|
|
6,765
|
|
|
(40,439)
|
|
|
—
|
Net proceeds from mortgage credit facility
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
Net proceeds from issuances of common stock
|
|
|
11,369
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
11,369
|
Net cash provided by financing activities
|
|
$
|
66,805
|
|
|
36,069
|
|
|
6,765
|
|
|
(40,439)
|
|
|
69,200
|
Net decrease in cash and cash equivalents
|
|
$
|
(7,365)
|
|
|
2,506
|
|
|
6,167
|
|
|
—
|
|
|
1,308
|
Cash and cash equivalents
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning of period
|
|
$
|
22,002
|
|
|
7,645
|
|
|
—
|
|
|
—
|
|
|
29,647
|
End of period
|
|
$
|
14,637
|
|
|
10,151
|
|
|
6,167
|
|
|
—
|
|
|
30,955
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
|
14,637
|
|
|
8,646
|
|
|
6,167
|
|
|
—
|
|
|
29,450
|
Restricted Cash
|
|
|
—
|
|
|
1,505
|
|
|
—
|
|
|
—
|
|
|
1,505
|
Cash and cash equivalents and restricted cash
|
|
|
14,637
|
|
|
10,151
|
|
|
6,167
|
|
|
—
|
|
|
30,955
|
|