CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)/income before allocation to non-controlling interests	$ (29,556)	$ 51,281
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:
Equity in income of unconsolidated entities	(2,426)	(2,319)
Stock compensation expense	17,002	3,417
Distributions of earnings from unconsolidated entities	1,489	2,435
Depreciation and amortization	8,601	7,765
Operating lease expense	3,752	2,065
Debt issuance costs/premium amortization	(406)	(71)
Land held for sale write-downs	4,347	0
Changes in operating assets and liabilities:
Real estate inventory and land deposits	73,261	(133,111)
Mortgages held for sale, prepaid expenses and other assets	1,535	42,670
Customer deposits	32,516	11,470
Accounts payable, accrued expenses and other liabilities	(37,422)	(13,896)
Income taxes payable	(592)	0
Net cash provided by/(used in) operating activities	72,101	(28,294)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(6,031)	(6,194)
Payments for business acquisitions, net of cash acquired	(209,446)	0
Distributions of capital from unconsolidated entities	6,713	3,180
Investments of capital into unconsolidated entities	(3,042)	(1,089)
Net cash used in investing activities	(211,806)	(4,103)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in loans payable and other borrowings	18,205	2,066
Repayments of loans payable and other borrowings	(32,726)	(13,078)
Borrowings on revolving credit facility	695,000	35,000
Repayments on revolving credit facility	(210,000)	0
Borrowings on mortgage warehouse	432,488	159,522
Repayment on mortgage warehouse	(446,555)	(230,761)
Repayments on senior notes	(50,000)	0
Payment of deferred financing costs	(3)	0
Proceeds from stock option exercises	4,548	39
Payment of principle portion of finance lease	(1,325)	0
Repurchase of common stock, net	(90,163)	(77,839)
Payment of taxes related to net share settlement of equity awards	(7,075)	(1,493)
Changes and distributions to non-controlling interests of consolidated joint ventures, net	10,171	888
Net cash provided by/(used in) financing activities	322,565	(125,656)
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	182,860	(158,053)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — Beginning of period	328,572	331,859
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — End of period	511,432	173,806
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid, net	325	(1)
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:
Change in loans payable issued to sellers in connection with land purchase contracts	20,189	11,120
Change in inventory not owned	(22,281)	(366)
Issuance of common stock in connection with business acquisition	867,284	0
Net non-cash contributions from non-controlling interests	6,697	0
Non-cash portion of loss on debt extinguishment	1,723	0
Beginning operating lease right of use liabilities due to adoption of ASU 2016-02	$ 0	$ 30,331