CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income before allocation to non-controlling interests	$ 146,224	$ 130,452
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in income of unconsolidated entities	(6,943)	(4,734)
Stock compensation expense	10,227	8,959
Distributions of earnings from unconsolidated entities	4,666	2,538
Depreciation and amortization	2,994	3,000
Debt issuance costs amortization	2,864	2,888
Contingent consideration	766	3,520
Deferred income taxes	(9,032)	(969)
Changes in operating assets and liabilities:
Real estate inventory and land deposits	(243,343)	(103,758)
Mortgages held for sale, prepaid expenses and other assets	141,813	76,281
Customer deposits	74,031	44,780
Accounts payable, accrued expenses and other liabilities	4,017	(9,415)
Income taxes payable	4,491	(11,119)
Net cash provided by operating activities	132,775	142,423
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(1,843)	(934)
Payments for business acquisitions	0	(52,819)
Distributions of capital from unconsolidated entities	4,223	3,546
Investments of capital into unconsolidated entities	(28,854)	(24,509)
Net cash (used in) investing activities	(26,474)	(74,716)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in loans payable and other borrowings	8,644	55,720
Repayments of loans payable and other borrowings	(11,305)	(65,075)
Borrowings on revolving credit facility	0	255,000
Payments on revolving credit facility	0	(155,000)
Borrowings on mortgage warehouse	567,922	782,001
Repayment on mortgage warehouse	(705,194)	(874,279)
Payment of contingent consideration	0	(3,100)
Proceeds from stock option exercises	4,791	0
Proceeds from issuance of shares from secondary offerings	882,306	0
Repurchase of shares from principal equity holders	(884,403)	0
Repurchase of common stock, net	(4,098)	(28,543)
Payment of taxes related to net share settlement of equity awards	(307)	0
Distributions to non-controlling interests of consolidated joint ventures, net	(292)	(60)
Net cash (used in) financing activities	(141,936)	(33,336)
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS	(35,635)	34,371
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — Beginning of period	301,812	127,468
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — End of period	266,177	161,839
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid, net	(70,172)	(78,786)
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:
Change in loans payable issued to sellers in connection with land purchase contracts	55,151	55,720
Change in inventory not owned	(3,145)	(7,309)
Original accrual of contingent consideration for business combinations	$ 0	$ 380