Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2022 | |
Cover [Abstract] | |
Document Type | PRE 14A |
Amendment Flag | false |
Entity Registrant Name | Century Communities, Inc. |
Entity Central Index Key | 0001576940 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Pay vs Performance Disclosure [Table] | |||
Pay vs Performance [Table Text Block] | Pay Versus Performance Table As required by Section 953(a) of the Dodd-Frank Act and Item 402(v) of SEC Regulation S-K, we are providing the following information about the relationship between “compensation actually paid” to our NEOs, within the meaning of such rules, and certain financial performance measures of our Company. The table below provides information regarding compensation actually paid to our Co-CEOs, our two co-principal executive officers (“PEOs”), and our CFO, our only other non-PEO named executive officer, during each of the past three fiscal years, as well as total stockholder return, net income and adjusted pre-tax income information for each of the past three fiscal years. For further information regarding our pay for performance philosophy and how we align executive compensation with our performance, see “Compensation Discussion and Analysis.” Year Summary Compensation Table Total for PEO (1) ($) Compensation Actually Paid to PEO (2)(3) ($) Average Summary Table Total for Non-PEO Named Executive Officers (4) ($) Average Actually Paid to Non-PEO Named Executive Officers (5)(6) ($) Value of Initial Fixed Net Income (9) ($) Adjusted Pre-Tax Income (10) ($) Total Shareholder Return (7) ($) Peer Group Total Shareholder Return (8) ($) 2022 11,243,467 4,167,973 5,909,713 2,764,958 187 125 525.1 mil. 724.4 mil. 2021 6,753,672 21,042,937 3,975,157 10,204,341 477 289 498.5 mil. 665.7 mil. 2020 8,399,383 17,932,272 3,744,745 7,909,240 141 132 206.2 mil. 281.5 mil. (1) Amounts reported represent the Summary Compensation Table total for Dale Francescon, one of our Co-CEOs, for each of the years presented. Because the Summary Compensation Table total for Robert J. Francescon, our other Co-CEO, for each of the years presented is either the same or substantially the same as the Summary Compensation Table total for Mr. Dale Francescon for each of the years presented and to ease the presentation of the information in the table, this information is not included in a separate column to this table. The Summary Compensation Table totals for Robert J. Francescon are $11,243,467, $6,752,940 and $8,398,651 for 2022, 2021 and 2020, respectively. See “Executive Compensation—Summary Compensation Table.” (2) Amounts reported represent compensation actually paid to Dale Francescon, one of our Co-CEOs, for each of the years presented. Because the compensation actually paid to Robert J. Francescon, our other Co-CEO, for each of the years presented is substantially the same as compensation actually paid to Mr. Dale Francescon for each of the years presented and to ease the presentation of the information in the table, this information is not included in a separate column to this table. The compensation actually paid to Robert J. Francescon is $4,167,973, $21,042,205 and $17,931,540 for 2022, 2021 and 2020, respectively. The dollar amounts in this column do not reflect the actual amount of compensation awarded to, earned by or paid to either Dale Francescon or Robert J. Francescon during the applicable year. (3) Compensation actually paid to PEO consists of the following amounts deducted from or added to the Summary Compensation Table total for each of our Co-CEOs for each of the years presented: Dale Francescon Robert J. Francescon Summary Compensation Table Total for 2022 $ 11,243,467 $ 11,243,467 Deduct (a) (4,540,509 ) (4,540,509 ) Add Year-end fair value of equity awards granted during the year that are outstanding and unvested (b) 3,686,475 3,686,475 Add Change in fair value of equity awards granted in prior years that are outstanding and unvested (c) (2,639,730 ) (2,639,730 ) Add Change in fair value of equity awards granted in prior years that vested during the year (d) (3,654,245 ) (3,654,245 ) Add Value of dividend equivalents accrued on equity awards during the year (e) 72,515 72,515 Compensation Actually Paid for 2022 $ 4,167,973 $ 4,167,973 Dale Francescon Robert J. Francescon Summary Compensation Table Total for 2021 $ 6,753,672 $ 6,752,940 Deduct (a) (2,816,154 ) (2,816,154 ) Add Year-end fair value of equity awards granted during the year that are outstanding and unvested (b) 6,603,353 6,603,353 Add Change in fair value of equity awards granted in prior years that are outstanding and unvested (c) 4,827,105 4,827,105 Add Change in fair value of equity awards granted in prior years that vested during the year (d) 5,648,216 5,648,216 Add Value of dividend equivalents accrued on equity awards during the year (e) 26,745 26,745 Compensation Actually Paid for 2021 $ 21,042,937 $ 21,042,205 Summary Compensation Table Total for 2020 $ 8,399,383 $ 8,398,651 Deduct (a) (4,557,972 ) (4,557,972 ) Add Year-end fair value of equity awards granted during the year that are outstanding and unvested (b) 9,466,162 9,466,162 Add Change in fair value of equity awards granted in prior years that are outstanding and unvested (c) 2,607,063 2,607,063 Add Change in fair value of equity awards granted in prior years that vested during the year (d) 2,017,635 2,017,635 Add Value of dividend equivalents accrued on equity awards during the year (e) 0 0 Compensation Actually Paid for 2020 $ 17,932,272 $ 17,931,540 (a) Represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year. No option awards were granted during any of the years presented. (b) Represents the year-end value of equity awards granted during the applicable year that are outstanding and unvested as of the end of such applicable year. (c) Represents the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any equity awards granted in prior years that are outstanding and unvested as of the end of such applicable year. (d) Represents the amount of change as of the vesting date (from the end of the prior fiscal year) in fair value of any equity awards granted in prior years that vested during the applicable year. (e) Represents the dollar value of any dividends or other earnings paid on equity awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. Since we do not have a pension plan, all of the foregoing adjustments are equity award adjustments for each applicable year and include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of such applicable year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any equity awards granted in prior years that are outstanding and unvested as of the end of such applicable year; (iii) for equity awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for equity awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for equity awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on equity awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for such applicable year. Adjustments as provided in clauses (iii) and (v) are inapplicable for all of the years presented in the table. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The value of RSU awards is based on the fair value as of the end of the covered year or change in fair value during the covered year, in each case based on the closing sale price of our common stock, as reported by the NYSE. The value of PSU awards is based on the fair value as of the end of the covered year or change in fair value during the covered year, in each case based on the same methodology as used in our consolidated financial statements included in our most recent annual report on Form 10-K for the year ended December 31, 2022. (4) Since David Messenger, our CFO, is our only other non-PEO named executive officer, the amounts in this column represent the Summary Compensation Table total for Mr. Messenger for each of the years presented. (5) Since David Messenger, our CFO, is our only other non-PEO named executive officer, the amounts in this column represent the compensation actually paid to Mr. Messenger for each of the years presented. The dollar amounts in this column do not reflect the actual amount of compensation awarded to, earned by or paid to Dale Messenger during the applicable year. (6) Average compensation actually paid to non-PEO named executive officers consists of the following amounts deducted from and added to the Summary Compensation Table total for our CFO for each of the years presented: David Messenger Summary Compensation Table Total for 2022 $ 5,909,713 Deduct (a) (2,134,065 ) Add Year-end fair value of equity awards granted during the year that are outstanding and unvested (b) 1,732,664 Add Change in fair value of equity awards granted in prior years that are outstanding and unvested (c) (1,050,011 ) Add Change in fair value of equity awards granted in prior years that vested during the year (d) (1,728,200 ) Add Value of dividend equivalents accrued on equity awards during the year (e) 34,857 Compensation Actually Paid for 2022 $ 2,764,958 Summary Compensation Table Total for 2021 $ 3,975,157 Deduct Stock-based awards (a) (1,267,262 ) Add Year-end fair value of equity awards granted during the year that are outstanding and unvested (b) 2,513,327 Add Change in fair value of equity awards granted in prior years that are outstanding and unvested (c) 2,340,534 Add Change in fair value of equity awards granted in prior years that vested during the year (d) 2,628,763 Add Value of dividend equivalents accrued on equity awards during the year (e) 13,823 Compensation Actually Paid for 2021 $ 10,204,341 Summary Compensation Table Total for 2020 $ 3,744,745 Deduct Stock-based awards (a) (2,091,584 ) Add Year-end fair value of equity awards granted during the year that are outstanding and unvested (b) 4,138,297 Add Change in fair value of equity awards granted in prior years that are outstanding and unvested (c) 1,252,883 Add Change in fair value of equity awards granted in prior years that vested during the year (d) 864,898 Add Value of dividend equivalents accrued on equity awards during the year (e) 0 Compensation Actually Paid for 2020 $ 7,909,240 (a) Represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year. No option awards were granted during any of the years presented (b) Represents the year-end value of equity awards granted during the applicable year that are outstanding and unvested as of the end of such applicable year. (c) Represents the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any equity awards granted in prior years that are outstanding and unvested as of the end of such applicable year. (d) Represents the amount of change as of the vesting date (from the end of the prior fiscal year) in fair value of any equity awards granted in prior years that vested during the applicable year. (e) Represents the dollar value of any dividends or other earnings paid on equity awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for such applicable year. Since we do not have a pension plan, all of the foregoing adjustments are equity award adjustments for each applicable year and include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of such applicable year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any equity awards granted in prior years that are outstanding and unvested as of the end of such applicable year; (iii) for equity awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for equity awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for equity awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on equity awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for such applicable year. Adjustments as provided in clauses (iii) and (v) are inapplicable for all of the years presented in the table. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The value of RSU awards is based on the fair value as of the end of the covered year or change in fair value during the covered year, in each case based on the closing sale price of our common stock, as reported by the NYSE. The value of PSU awards is based on the fair value as of the end of the covered year or change in fair value during the covered year, in each case based on the same methodology as used in our consolidated financial statements included in our most recent annual report on Form 10-K for the year ended December 31, 2022. (7) The total shareholder return is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between our stock price at the end and the beginning of the measurement period by our stock price at the beginning of the measurement period. (8) The peer group total shareholder return is based on the industry peer group we use for purposes of our stock performance graph in our most annual report on Form 10-K for the year ended December 31, 2022 and consists of the following companies: Beazer Homes USA, Inc., Hovnanian Enterprises, Inc., KB Home, LGI Homes, Inc., M.D.C. Holdings, Inc., M/I Homes, Inc., Meritage Home Corporation, Taylor Morrison Home Corporation, and Tri Pointe Homes, Inc. The peer group cumulative total shareholder return is calculated using the same methodology as described in note (7) above, with the returns of each component company of this group weighted according to the respective company’s stock market capitalization at the beginning of each period for which a return is indicated. (9) Amounts reported represent the amount of net income reflected in our audited consolidated financial statements for the applicable year. (10) Amounts reported represent the amount of adjusted pre-tax income, which is a non-GAAP financial measure that is calculated by excluding executive bonus expense, acquisition-related expenses, purchase price adjustments, loss from debt extinguishment, impairments, abandonment of land contracts, discontinued operations and certain other nonrecurring expenses from net income before income taxes, as applicable during any particular year. While we use several financial and non-financial performance measures for purposes of evaluating performance for our compensation programs, we have determined that adjusted pre-tax income is the financial performance measure that, in our assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) that we use to link compensation actually paid to our NEOs, for the most recently completed fiscal year, to our performance. | ||
Company Selected Measure Name | Adjusted Pre-Tax Income | ||
Named Executive Officers, Footnote [Text Block] | (4) Since David Messenger, our CFO, is our only other non-PEO named executive officer, the amounts in this column represent the Summary Compensation Table total for Mr. Messenger for each of the years presented. (5) Since David Messenger, our CFO, is our only other non-PEO named executive officer, the amounts in this column represent the compensation actually paid to Mr. Messenger for each of the years presented. The dollar amounts in this column do not reflect the actual amount of compensation awarded to, earned by or paid to Dale Messenger during the applicable year. | ||
Peer Group Issuers, Footnote [Text Block] | (8) The peer group total shareholder return is based on the industry peer group we use for purposes of our stock performance graph in our most annual report on Form 10-K for the year ended December 31, 2022 and consists of the following companies: Beazer Homes USA, Inc., Hovnanian Enterprises, Inc., KB Home, LGI Homes, Inc., M.D.C. Holdings, Inc., M/I Homes, Inc., Meritage Home Corporation, Taylor Morrison Home Corporation, and Tri Pointe Homes, Inc. The peer group cumulative total shareholder return is calculated using the same methodology as described in note (7) above, with the returns of each component company of this group weighted according to the respective company’s stock market capitalization at the beginning of each period for which a return is indicated. | ||
Adjustment To PEO Compensation, Footnote [Text Block] | (1) Amounts reported represent the Summary Compensation Table total for Dale Francescon, one of our Co-CEOs, for each of the years presented. Because the Summary Compensation Table total for Robert J. Francescon, our other Co-CEO, for each of the years presented is either the same or substantially the same as the Summary Compensation Table total for Mr. Dale Francescon for each of the years presented and to ease the presentation of the information in the table, this information is not included in a separate column to this table. The Summary Compensation Table totals for Robert J. Francescon are $11,243,467, $6,752,940 and $8,398,651 for 2022, 2021 and 2020, respectively. See “Executive Compensation—Summary Compensation Table.” (2) Amounts reported represent compensation actually paid to Dale Francescon, one of our Co-CEOs, for each of the years presented. Because the compensation actually paid to Robert J. Francescon, our other Co-CEO, for each of the years presented is substantially the same as compensation actually paid to Mr. Dale Francescon for each of the years presented and to ease the presentation of the information in the table, this information is not included in a separate column to this table. The compensation actually paid to Robert J. Francescon is $4,167,973, $21,042,205 and $17,931,540 for 2022, 2021 and 2020, respectively. The dollar amounts in this column do not reflect the actual amount of compensation awarded to, earned by or paid to either Dale Francescon or Robert J. Francescon during the applicable year. (3) Compensation actually paid to PEO consists of the following amounts deducted from or added to the Summary Compensation Table total for each of our Co-CEOs for each of the years presented: Dale Francescon Robert J. Francescon Summary Compensation Table Total for 2022 $ 11,243,467 $ 11,243,467 Deduct (a) (4,540,509 ) (4,540,509 ) Add Year-end fair value of equity awards granted during the year that are outstanding and unvested (b) 3,686,475 3,686,475 Add Change in fair value of equity awards granted in prior years that are outstanding and unvested (c) (2,639,730 ) (2,639,730 ) Add Change in fair value of equity awards granted in prior years that vested during the year (d) (3,654,245 ) (3,654,245 ) Add Value of dividend equivalents accrued on equity awards during the year (e) 72,515 72,515 Compensation Actually Paid for 2022 $ 4,167,973 $ 4,167,973 Dale Francescon Robert J. Francescon Summary Compensation Table Total for 2021 $ 6,753,672 $ 6,752,940 Deduct (a) (2,816,154 ) (2,816,154 ) Add Year-end fair value of equity awards granted during the year that are outstanding and unvested (b) 6,603,353 6,603,353 Add Change in fair value of equity awards granted in prior years that are outstanding and unvested (c) 4,827,105 4,827,105 Add Change in fair value of equity awards granted in prior years that vested during the year (d) 5,648,216 5,648,216 Add Value of dividend equivalents accrued on equity awards during the year (e) 26,745 26,745 Compensation Actually Paid for 2021 $ 21,042,937 $ 21,042,205 Summary Compensation Table Total for 2020 $ 8,399,383 $ 8,398,651 Deduct (a) (4,557,972 ) (4,557,972 ) Add Year-end fair value of equity awards granted during the year that are outstanding and unvested (b) 9,466,162 9,466,162 Add Change in fair value of equity awards granted in prior years that are outstanding and unvested (c) 2,607,063 2,607,063 Add Change in fair value of equity awards granted in prior years that vested during the year (d) 2,017,635 2,017,635 Add Value of dividend equivalents accrued on equity awards during the year (e) 0 0 Compensation Actually Paid for 2020 $ 17,932,272 $ 17,931,540 (a) Represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year. No option awards were granted during any of the years presented. (b) Represents the year-end value of equity awards granted during the applicable year that are outstanding and unvested as of the end of such applicable year. (c) Represents the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any equity awards granted in prior years that are outstanding and unvested as of the end of such applicable year. (d) Represents the amount of change as of the vesting date (from the end of the prior fiscal year) in fair value of any equity awards granted in prior years that vested during the applicable year. (e) Represents the dollar value of any dividends or other earnings paid on equity awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. Since we do not have a pension plan, all of the foregoing adjustments are equity award adjustments for each applicable year and include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of such applicable year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any equity awards granted in prior years that are outstanding and unvested as of the end of such applicable year; (iii) for equity awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for equity awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for equity awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on equity awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for such applicable year. Adjustments as provided in clauses (iii) and (v) are inapplicable for all of the years presented in the table. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The value of RSU awards is based on the fair value as of the end of the covered year or change in fair value during the covered year, in each case based on the closing sale price of our common stock, as reported by the NYSE. The value of PSU awards is based on the fair value as of the end of the covered year or change in fair value during the covered year, in each case based on the same methodology as used in our consolidated financial statements included in our most recent annual report on Form 10-K for the year ended December 31, 2022. | ||
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | (4) Since David Messenger, our CFO, is our only other non-PEO named executive officer, the amounts in this column represent the Summary Compensation Table total for Mr. Messenger for each of the years presented. (5) Since David Messenger, our CFO, is our only other non-PEO named executive officer, the amounts in this column represent the compensation actually paid to Mr. Messenger for each of the years presented. The dollar amounts in this column do not reflect the actual amount of compensation awarded to, earned by or paid to Dale Messenger during the applicable year. (6) Average compensation actually paid to non-PEO named executive officers consists of the following amounts deducted from and added to the Summary Compensation Table total for our CFO for each of the years presented: David Messenger Summary Compensation Table Total for 2022 $ 5,909,713 Deduct (a) (2,134,065 ) Add Year-end fair value of equity awards granted during the year that are outstanding and unvested (b) 1,732,664 Add Change in fair value of equity awards granted in prior years that are outstanding and unvested (c) (1,050,011 ) Add Change in fair value of equity awards granted in prior years that vested during the year (d) (1,728,200 ) Add Value of dividend equivalents accrued on equity awards during the year (e) 34,857 Compensation Actually Paid for 2022 $ 2,764,958 Summary Compensation Table Total for 2021 $ 3,975,157 Deduct Stock-based awards (a) (1,267,262 ) Add Year-end fair value of equity awards granted during the year that are outstanding and unvested (b) 2,513,327 Add Change in fair value of equity awards granted in prior years that are outstanding and unvested (c) 2,340,534 Add Change in fair value of equity awards granted in prior years that vested during the year (d) 2,628,763 Add Value of dividend equivalents accrued on equity awards during the year (e) 13,823 Compensation Actually Paid for 2021 $ 10,204,341 Summary Compensation Table Total for 2020 $ 3,744,745 Deduct Stock-based awards (a) (2,091,584 ) Add Year-end fair value of equity awards granted during the year that are outstanding and unvested (b) 4,138,297 Add Change in fair value of equity awards granted in prior years that are outstanding and unvested (c) 1,252,883 Add Change in fair value of equity awards granted in prior years that vested during the year (d) 864,898 Add Value of dividend equivalents accrued on equity awards during the year (e) 0 Compensation Actually Paid for 2020 $ 7,909,240 (a) Represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year. No option awards were granted during any of the years presented (b) Represents the year-end value of equity awards granted during the applicable year that are outstanding and unvested as of the end of such applicable year. (c) Represents the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any equity awards granted in prior years that are outstanding and unvested as of the end of such applicable year. (d) Represents the amount of change as of the vesting date (from the end of the prior fiscal year) in fair value of any equity awards granted in prior years that vested during the applicable year. (e) Represents the dollar value of any dividends or other earnings paid on equity awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for such applicable year. Since we do not have a pension plan, all of the foregoing adjustments are equity award adjustments for each applicable year and include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of such applicable year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any equity awards granted in prior years that are outstanding and unvested as of the end of such applicable year; (iii) for equity awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for equity awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for equity awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on equity awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for such applicable year. Adjustments as provided in clauses (iii) and (v) are inapplicable for all of the years presented in the table. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The value of RSU awards is based on the fair value as of the end of the covered year or change in fair value during the covered year, in each case based on the closing sale price of our common stock, as reported by the NYSE. The value of PSU awards is based on the fair value as of the end of the covered year or change in fair value during the covered year, in each case based on the same methodology as used in our consolidated financial statements included in our most recent annual report on Form 10-K for the year ended December 31, 2022. | ||
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | Compensation Actually Paid and Company TSR | ||
Compensation Actually Paid vs. Net Income [Text Block] | Compensation Actually Paid and Net Income and Adjusted Pre-Tax Income | ||
Compensation Actually Paid vs. Company Selected Measure [Text Block] | Compensation Actually Paid and Net Income and Adjusted Pre-Tax Income | ||
Total Shareholder Return Vs Peer Group [Text Block] | Century TSR and Peer Group TSR The following graph compares the cumulative total stockholder return (assuming reinvestment of dividends) on $100 invested in each of our common stock and an industry peer group for the three-year period from December 31, 2019 to December 31, 2022. The industry peer group is the same peer group that we use for purposes of our stock performance graph in our most annual report on Form 10-K for the year ended December 31, 2022 and consists of the following companies: Beazer Homes USA, Inc., Hovnanian Enterprises, Inc., KB Home, LGI Homes, Inc., M.D.C. Holdings, Inc., M/I Homes, Inc., Meritage Home Corporation, Taylor Morrison Home Corporation, and Tri Pointe Homes, Inc. Our cumulative TSR consistently outperformed the industry peer group’s cumulative TSR during the three years presented in the table. | ||
Tabular List [Table Text Block] | Financial Performance Measures We used the following financial performance measures during 2022 to link compensation actually paid to our named executive officers to company performance: Dale Francescon Robert J. Francescon David Messenger Adjusted Pre-Tax Income Adjusted Pre-Tax Income Adjusted Pre-Tax Income Adjusted EBITDA Adjusted EBITDA Adjusted EBITDA Revenue Revenue Revenue Closings Closings Closings Individual Performance | ||
Total Shareholder Return Amount | $ 187 | $ 477 | $ 141 |
Peer Group Total Shareholder Return Amount | 125 | 289 | 132 |
Net Income (Loss) | $ 525,100,000 | $ 498,500,000 | $ 206,200,000 |
Company Selected Measure Amount | 724,400,000 | 665,700,000 | 281,500,000 |
Measure [Axis]: 1 | |||
Pay vs Performance Disclosure [Table] | |||
Non-GAAP Measure Description [Text Block] | (10) Amounts reported represent the amount of adjusted pre-tax income, which is a non-GAAP financial measure that is calculated by excluding executive bonus expense, acquisition-related expenses, purchase price adjustments, loss from debt extinguishment, impairments, abandonment of land contracts, discontinued operations and certain other nonrecurring expenses from net income before income taxes, as applicable during any particular year. While we use several financial and non-financial performance measures for purposes of evaluating performance for our compensation programs, we have determined that adjusted pre-tax income is the financial performance measure that, in our assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) that we use to link compensation actually paid to our NEOs, for the most recently completed fiscal year, to our performance. | ||
Dale Francescon [Member] | |||
Pay vs Performance Disclosure [Table] | |||
PEO Total Compensation Amount | $ 11,243,467 | $ 6,753,672 | $ 8,399,383 |
PEO Actually Paid Compensation Amount | $ 4,167,973 | 21,042,937 | 17,932,272 |
PEO Name | Dale Francescon | ||
Dale Francescon [Member] | Measure [Axis]: 1 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Adjusted Pre-Tax Income | ||
Dale Francescon [Member] | Measure [Axis]: 2 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Adjusted EBITDA | ||
Dale Francescon [Member] | Measure [Axis]: 3 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Revenue | ||
Dale Francescon [Member] | Measure [Axis]: 4 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Closings | ||
Robert J. Francescon [Member] | |||
Pay vs Performance Disclosure [Table] | |||
PEO Total Compensation Amount | $ 11,243,467 | 6,752,940 | 8,398,651 |
PEO Actually Paid Compensation Amount | $ 4,167,973 | 21,042,205 | 17,931,540 |
PEO Name | Robert J. Francescon | ||
Robert J. Francescon [Member] | Measure [Axis]: 1 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Adjusted Pre-Tax Income | ||
Robert J. Francescon [Member] | Measure [Axis]: 2 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Adjusted EBITDA | ||
Robert J. Francescon [Member] | Measure [Axis]: 3 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Revenue | ||
Robert J. Francescon [Member] | Measure [Axis]: 4 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Closings | ||
David Messenger [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Non-PEO NEO Average Total Compensation Amount | $ 5,909,713 | 3,975,157 | 3,744,745 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 2,764,958 | 10,204,341 | 7,909,240 |
David Messenger [Member] | Measure [Axis]: 1 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Adjusted Pre-Tax Income | ||
David Messenger [Member] | Measure [Axis]: 2 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Adjusted EBITDA | ||
David Messenger [Member] | Measure [Axis]: 3 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Revenue | ||
David Messenger [Member] | Measure [Axis]: 4 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Closings | ||
David Messenger [Member] | Measure [Axis]: 5 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Individual Performance | ||
PEO [Member] | Dale Francescon [Member] | Adjustment to Stock-based Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ (4,540,509) | (2,816,154) | (4,557,972) |
PEO [Member] | Dale Francescon [Member] | Adjustment to Year-end Fair Value of Equity Awards Granted During the Year that are Outstanding and Unvested [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 3,686,475 | 6,603,353 | 9,466,162 |
PEO [Member] | Dale Francescon [Member] | Adjustment to Change in Fair Value of Equity Awards Granted in Prior Years that are Outstanding and Unvested [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (2,639,730) | 4,827,105 | 2,607,063 |
PEO [Member] | Dale Francescon [Member] | Adjustment to Change in Fair Value of Equity Awards Granted in Prior Years that Vested During the Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (3,654,245) | 5,648,216 | 2,017,635 |
PEO [Member] | Dale Francescon [Member] | Adjustment to Value of Dividend Equivalents Accrued on Equity Awards During the Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 72,515 | 26,745 | 0 |
PEO [Member] | Robert J. Francescon [Member] | Adjustment to Stock-based Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (4,540,509) | (2,816,154) | (4,557,972) |
PEO [Member] | Robert J. Francescon [Member] | Adjustment to Year-end Fair Value of Equity Awards Granted During the Year that are Outstanding and Unvested [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 3,686,475 | 6,603,353 | 9,466,162 |
PEO [Member] | Robert J. Francescon [Member] | Adjustment to Change in Fair Value of Equity Awards Granted in Prior Years that are Outstanding and Unvested [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (2,639,730) | 4,827,105 | 2,607,063 |
PEO [Member] | Robert J. Francescon [Member] | Adjustment to Change in Fair Value of Equity Awards Granted in Prior Years that Vested During the Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (3,654,245) | 5,648,216 | 2,017,635 |
PEO [Member] | Robert J. Francescon [Member] | Adjustment to Value of Dividend Equivalents Accrued on Equity Awards During the Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 72,515 | 26,745 | 0 |
Non-PEO NEO [Member] | David Messenger [Member] | Adjustment to Stock-based Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (2,134,065) | (1,267,262) | (2,091,584) |
Non-PEO NEO [Member] | David Messenger [Member] | Adjustment to Year-end Fair Value of Equity Awards Granted During the Year that are Outstanding and Unvested [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 1,732,664 | 2,513,327 | 4,138,297 |
Non-PEO NEO [Member] | David Messenger [Member] | Adjustment to Change in Fair Value of Equity Awards Granted in Prior Years that are Outstanding and Unvested [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (1,050,011) | 2,340,534 | 1,252,883 |
Non-PEO NEO [Member] | David Messenger [Member] | Adjustment to Change in Fair Value of Equity Awards Granted in Prior Years that Vested During the Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (1,728,200) | 2,628,763 | 864,898 |
Non-PEO NEO [Member] | David Messenger [Member] | Adjustment to Value of Dividend Equivalents Accrued on Equity Awards During the Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ 34,857 | $ 13,823 | $ 0 |