CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income before allocation to non-controlling interests	$ 178,461	$ 102,443
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Equity in income of unconsolidated entities	(1,831)	(5,661)
Stock compensation expense	6,863	5,682
Distributions of earnings from unconsolidated entities	2,058	3,162
Depreciation and amortization	8,841	9,636
Operating lease expense	6,913	3,969
Debt issuance costs amortization	191	118
Changes in operating assets and liabilities:
Real estate inventory and land deposits	(286,828)	(356,519)
Mortgages held for sale, prepaid expenses and other assets	171,618	(85,270)
Customer deposits	55,211	110,581
Accounts payable, accrued expenses and other liabilities	(138,247)	34,208
Income taxes payable	54,211	33,343
Net cash provided by/(used in) operating activities	57,461	(144,308)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(5,389)	(7,824)
Distributions of capital from unconsolidated entities	0	7,451
Investments of capital into unconsolidated entities	(2,052)	(13,102)
Net cash used in investing activities	(7,441)	(13,475)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in loans payable and other borrowings	18,287	36,868
Repayments on loans payable and other borrowings	(26,688)	(27,580)
Borrowings on revolving credit facilities	32,548	0
Repayments on revolving credit facilities	(64,077)	0
Borrowings on mortgage warehouse facilities	562,024	697,398
Repayments on mortgage warehouse facilities	(775,249)	(643,854)
Proceeds from stock option exercises	2,356	6,320
Payment of principle portion of finance lease	(1,332)	(1,325)
Repurchase of common stock, net	(58,029)	(38,418)
Payment of taxes related to net share settlement of equity awards	(3,621)	(5,288)
Cash and distributions to non-controlling interests of consolidated joint ventures, net	(1,752)	(6,971)
Net cash (used in)/provided by financing activities	(315,533)	17,150
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(265,513)	(140,633)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — Beginning of period	836,340	534,109
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — End of period	570,827	393,476
SUPPLEMENTAL CASH FLOW INFORMATION:
Income tax (payments)/refund, net	(228)	4,592
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:
Change in loans payable issued to sellers in connection with land purchase contracts	59,830	82,378
Change in inventory not owned	(11,896)	(64,916)
Net non-cash distributions from non-controlling interests	$ 0	$ (990)