CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating activities
Net income	$ 47,074	$ 71,638
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	2,356	5,779
Net change in deferred income taxes	987	(364)
Stock based compensation expense	6,961	7,593
Equity in income of unconsolidated joint ventures	(2,643)	(1,996)
Distributions from unconsolidated joint ventures	5,068	4,896
Loss on extinguishment of debt	1,433	0
Net changes in operating assets and liabilities:
Receivables	667	1,271
Escrow proceeds receivable	(2,764)	2,949
Real estate inventories - owned	110,570	(303,149)
Real estate inventories - not owned	(100,035)	0
Mortgages held for sale	(120,524)	0
Financial services assets - other	(17,944)	0
Other assets, net	205	(4,149)
Accounts payable	(13,561)	26,790
Accrued expenses	(71,363)	3,746
Financial services liabilities - other	14,582	0
Liabilities from real estate inventories not owned	0	0
Net cash used in operating activities	(138,931)	(184,996)
Investing activities
Cash paid for acquisitions, net of cash acquired	(4,575)	(475,221)
Purchases of property and equipment	(1,511)	(7,500)
Net cash used in investing activities	(6,086)	(482,721)
Financing activities
Proceeds from borrowings on notes payable	108,933	151,551
Principal payments on notes payable	(122,971)	(82,971)
Proceeds from borrowings on revolver	537,000	407,446
Payments on revolver	(432,000)	(187,446)
Borrowings under warehouse facilities, net	109,035	0
Payment of principal portion of finance lease liabilities	(1,264)	0
Payment of deferred loan costs	(5,787)	(10,757)
Proceeds from stock options exercised	(12)	0
Shares remitted to, or withheld by the Company for employee tax withholding	(2,356)	(4,954)
Payments to repurchase common stock	0	(11,234)
Cash contributions from members of consolidated entities	2,854	126,088
Cash distributions to members of consolidated entities	(36,485)	(51,934)
Net cash provided by financing activities	153,356	535,789
Net increase (decrease) in cash and cash equivalents	8,339	(131,928)
Cash and cash equivalents — beginning of period	33,779	182,710
Cash and cash equivalents — end of period	42,118	50,782
Supplemental disclosures:
Cash paid for taxes	32,970	169
Supplemental disclosures of non-cash investing and financing activities:
Right-of-use assets obtained in exchange for new operating lease liabilities	5,923	5,640
Right-of-use assets obtained in exchange for new finance lease liabilities	18,858	0
Accrued deferred loan costs	47	869
Accrued holdback on purchase of South Pacific Financial Corporation	5,000	0
Inventory reclassified to Other assets upon adoption of ASC 606	0	5,365
Non-cash additions to Real estate inventories - not owned and Liabilities from inventories not owned	(100,035)	15,546
5 3/4% Senior Notes due April 15, 2019
Financing activities
Principal payments of Senior Notes	0	(150,000)
5.875% Senior Notes due January 31, 2025
Financing activities
Principal payments of Senior Notes	(3,591)	0
Payments on revolver		(187,446)
7% Senior Notes due August 15, 2022
Financing activities
Principal payments of Senior Notes	(300,000)	0
6% Senior Notes due September 1, 2023
Financing activities
Proceeds from issuance of senior notes	0	350,000
6.625% Senior Notes Due 2027
Financing activities
Proceeds from issuance of senior notes	$ 300,000	$ 0