CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income	$ 226,437	$ 188,671
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	12,026	16,120
Equity in income of unconsolidated entities, net	(134)	(6,610)
Deferred income taxes, net	1	3,136
Amortization of stock-based compensation	11,023	8,162
Charges for impairments and lot option abandonments	1,897	445
Returns on investments in unconsolidated entities, net	2,253	7,135
Changes in assets and liabilities:
Real estate inventories	(435,219)	(173,740)
Receivables	(28,434)	(27,797)
Other assets	687	(7,996)
Accounts payable	28,088	61,453
Accrued expenses and other liabilities	13,544	28,325
Net cash (used in) provided by operating activities	(167,831)	97,304
Cash flows from investing activities:
Purchases of property and equipment	(28,620)	(8,946)
(Investments in) distributions from unconsolidated entities, net	(15,322)	480
Net cash used in investing activities	(43,942)	(8,466)
Cash flows from financing activities:
Borrowings from debt	25,000	0
Repayment of debt	(25,504)	0
Distributions to noncontrolling interests	(1,780)	0
Debt issuance costs	(2,408)	(3,570)
Proceeds from issuance of common stock under share-based awards	30	2,834
Minimum tax withholding paid on behalf of employees for share-based awards	(9,092)	(4,636)
Share repurchases	(185,877)	(148,278)
Net cash used in financing activities	(199,631)	(153,650)
Net decrease in cash and cash equivalents	(411,404)	(64,812)
Cash and cash equivalents–beginning of period	681,528	621,295
Cash and cash equivalents–end of period	$ 270,124	$ 556,483