XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 45,915 $ 37,568
Accounts receivable 15,641 17,325
Real estate inventory 676,917 531,228
Pre-acquisition costs and deposits 11,450 7,001
Property and equipment, net 2,037 2,108
Other assets 4,603 11,238
Goodwill and intangible assets, net 12,049 12,234
Total assets 768,612 618,702
LIABILITIES AND EQUITY    
Accounts payable 18,572 24,020
Accrued expenses and other liabilities 62,779 40,006
Deferred tax liabilities, net 1,774 2,726
Notes payable 354,932 304,561
Total liabilities 438,057 371,313
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common stock, par value $0.01, 250,000,000 shares authorized, 22,282,514 shares issued and 21,282,514 shares outstanding as of September 30, 2016 and 21,270,389 shares issued and 20,270,389 shares outstanding as of December 31, 2015 223 213
Additional paid-in capital 206,905 175,575
Retained earnings 139,977 88,151
Treasury stock, at cost, 1,000,000 shares (16,550) (16,550)
Total equity 330,555 247,389
Total liabilities and equity $ 768,612 $ 618,702