CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Operating activities
Net income	$ 12,588	$ (9,296)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	2,056	449
Net change in deferred income taxes	199	(195)
Stock based compensation expense	3,181	1,676
Equity in earnings of unconsolidated joint ventures	(932)	(249)
Distributions from unconsolidated joint ventures	3,575	359
Loss on extinguishment of debt	0	21,828
Net changes in operating assets and liabilities:
Receivables	(2,226)	382
Escrow proceeds receivable	1,767	(1,612)
Real estate inventories	79,895	(22,633)
Other assets	(1,275)	(1,447)
Accounts payable	20,739	(1,533)
Accrued expenses	(21,539)	(29,110)
Net cash provided by (used in) operating activities	98,028	(41,381)
Investing activities
Cash paid for acquisitions, net of cash acquired	475,221	0
Purchases of property and equipment	(2,442)	(2)
Net cash used in investing activities	(477,663)	(2)
Financing activities
Proceeds from borrowings on notes payable	20,194	25,350
Principal payments on notes payable	(29,179)	(20,780)
Proceeds from borrowings on Revolver	110,000	105,000
Payments on Revolver	(25,000)	(77,000)
Principal payments on subordinated amortizing notes	0	(1,869)
Payment of deferred loan costs	(5,877)	(6,840)
Shares remitted to, or withheld by the Company for employee tax withholding	(4,696)	(1,380)
Cash received for lease transaction	0	19,848
Payments to repurchase common stock	(5,000)	0
Noncontrolling interest contributions	4,062	1,467
Noncontrolling interest distributions	(17,106)	(7,340)
Net cash provided by financing activities	247,398	38,279
Net decrease in cash and cash equivalents	(132,237)	(3,104)
Cash and cash equivalents — beginning of period	182,710	42,612
Cash and cash equivalents — end of period	50,473	39,508
Supplemental disclosures:
Cash paid during the period for income taxes	104	9,800
Supplemental disclosures of non-cash investing and financing activities:
Right-of-use assets obtained in exchange for new operating lease liabilities	1,696	4,650
Accrued deferred loan costs	879	1,270
Inventory reclassified to Other assets upon adoption of ASC 606	5,365	0
Non-cash additions to Real estate inventories - not owned and Liabilities from inventories not owned	87,896	0
8 1/2% Senior Notes due November 15, 2020
Financing activities
Redemption premium of 8.5% Senior Notes	0	(19,645)
Principal payments of 8.5% Senior Notes	0	(425,000)
5 3/4% Senior Notes due April 15, 2019
Financing activities
Redemption premium of 8.5% Senior Notes	(150,000)
Principal payments of 8.5% Senior Notes	(150,000)	0
5 7/8% Senior Notes due January 31, 2025
Financing activities
Proceeds from issuance of 7% senior notes	0	446,468
6% Senior Notes due 2023
Financing activities
Proceeds from issuance of 7% senior notes	$ 350,000	$ 0