Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income before allocation to non-controlling interests		$ 130,452	$ 162,660
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in income of unconsolidated entities		(4,734)	(1,408)
Stock compensation expense		8,959	5,723
Loss on extinguishment of debt		0	33,317
Distributions of earnings from unconsolidated entities		2,538	1,879
Depreciation and amortization		3,000	2,927
Debt issuance costs amortization		2,888	3,486
Net income from discontinued operations		0	(56,662)
Gain on foreign currency forward		0	(29,983)
Contingent consideration		3,520	7,916
Deferred income taxes		(969)	5,849
Changes in operating assets and liabilities:
Real estate inventory and land deposits		(103,758)	(430,964)
Mortgages held for sale, prepaid expenses and other assets		76,281	2,086
Customer deposits		44,780	29,728
Accounts payable, accrued expenses and other liabilities		(9,415)	11,642
Income taxes payable		(11,119)	(19,909)
Net cash provided by (used in) operating activities		142,423	(271,713)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment		(934)	(1,753)
Payments for business acquisitions		(52,819)	(220,899)
Distribution from unconsolidated entities		3,546	6,857
Change in restricted cash		(40)	30
Investments of capital into unconsolidated entities		(24,509)	(23,397)
Proceeds from sale of discontinued operations		0	268,853
Proceeds from settlement of foreign currency forward		0	29,983
Net cash (used in) provided by investing activities		(74,756)	59,674
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in loans payable and other borrowings		55,720	33,081
Repayments of loans payable and other borrowings		(65,075)	(35,008)
Borrowings on revolving credit facility		255,000	325,000
Payments on revolving credit facility		(155,000)	(135,000)
Borrowings on mortgage warehouse		782,001	595,451
Repayment on mortgage warehouse		(874,279)	(682,073)
Proceeds from the issuance of senior notes		0	350,000
Repayments on senior notes		0	(513,608)
Repurchase of common stock		(28,543)	0
Payment of deferred financing costs		0	(4,538)
Payment of contingent consideration		(3,100)	(3,050)
Distributions to non-controlling interests of consolidated joint ventures, net		(60)	(1,651)
Net cash used in financing activities		(33,336)	(71,396)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		0	(20,491)
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS		34,331	(303,926)
CASH AND CASH EQUIVALENTS - Beginning of period	[1]	126,188	462,205
CASH AND CASH EQUIVALENTS — End of period		160,519	158,279
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid, net		(78,786)	(81,664)
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:
Change in loans payable issued to sellers in connection with land purchase contracts		55,720	11,943
Original accrual of contingent consideration for business combinations		380	3,200
Non-cash portion of loss on debt extinguishment		$ 0	$ 5,102

[1] Cash and cash equivalents shown here includes the cash of Monarch Corporation. At December 31, 2014, cash held at Monarch was $227,988.