CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income before allocation to non-controlling interests	$ 91,531	$ 71,768
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in income of unconsolidated entities	(4,156)	(3,087)
Stock compensation expense	6,850	5,917
Distributions of earnings from unconsolidated entities	3,496	1,673
Depreciation and amortization	2,097	1,974
Debt issuance costs amortization	1,909	1,933
Contingent consideration	613	2,349
Deferred income taxes	(6,291)	(969)
Changes in operating assets and liabilities:
Real estate inventory and land deposits	(200,801)	(62,906)
Mortgages held for sale, prepaid expenses and other assets	132,989	43,734
Customer deposits	70,867	47,049
Accounts payable, accrued expenses and other liabilities	(641)	(21,584)
Income taxes payable	1,507	(22,185)
Net cash provided by operating activities	99,970	65,666
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(915)	(187)
Payments for business acquisitions	0	(52,819)
Distributions of capital from unconsolidated entities	3,295	1,656
Investments of capital into unconsolidated entities	(23,604)	(21,638)
Net cash (used in) investing activities	(21,224)	(72,988)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in loans payable and other borrowings	8,643	36,631
Repayments of loans payable and other borrowings	(8,047)	(30,529)
Borrowings on revolving credit facility	0	240,000
Payments on revolving credit facility	0	(140,000)
Borrowings on mortgage warehouse	388,353	527,027
Repayment on mortgage warehouse	(523,767)	(592,372)
Payment of contingent consideration	0	(3,100)
Proceeds from stock option exercises	4,734	0
Proceeds from issuance of shares from secondary offerings	882,306
Repurchase of shares from principal equity holders	(884,303)	0
Repurchase of common stock, net	0	(24,710)
Payment of taxes related to net share settlement of equity awards	(289)	0
Distributions to (contributions from) non-controlling interests of consolidated joint ventures, net	(100)	86
Net cash (used in) provided by financing activities	(132,470)	13,033
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS	(53,724)	5,711
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — Beginning of period	301,812	127,468
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — End of period	248,088	133,179
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid, net	(46,133)	(58,144)
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:
Change in loans payable issued to sellers in connection with land purchase contracts	31,305	22,708
Change in inventory not owned	(2,249)	(7,309)
Original accrual of contingent consideration for business combinations	$ 0	$ 380