Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Operating activities
Net income	$ 34,467	$ 26,732
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	4,215	3,512
Stock-based compensation expense	5,058	3,865
Deferred income taxes	(3,807)	(4,004)
Gain on disposition of assets	(468)	(106)
Changes in assets and liabilities:
Cash held in escrow	(15,932)	(13,667)
Accounts receivable	389	(2,095)
Inventories	(85,560)	(156,544)
Prepaid expenses and other assets	(11,189)	1,668
Accounts payable	7,172	(8,766)
Accrued expenses and other liabilities	4,255	2,502
Net cash used in operating activities	(61,400)	(146,903)
Investing activities
Purchases of property and equipment	(6,375)	(4,204)
Proceeds from sale of assets	1,302	1,441
Proceeds from secured note receivable	73	76
Net cash used in investing activities	(5,000)	(2,687)
Financing activities
Borrowings under revolving credit facilities	145,000	135,000
Payments on revolving credit facilities	(90,000)	(55,000)
Proceeds from issuance of senior notes		58,956
Proceeds from issuances of insurance premium notes	11,612	448
Principal payments on notes payable	(7,582)	(6,815)
Debt issuance costs	(1,156)	(2,817)
Repurchases of common stock upon vesting of restricted stock awards	(1,014)	(859)
Repurchases of common stock under our stock repurchase program	(2,393)
Net cash provided by financing activities	54,467	128,913
Net increase (decrease) in cash and cash equivalents	(11,933)	(20,677)
Cash and cash equivalents, Beginning of period	29,287	33,462
Cash and cash equivalents, End of period	17,354	12,785
Non-cash investing and financing information
Note receivable from sale of Tuscany golf course		3,000
Supplemental cash flow disclosure
Cash paid for income taxes	$ 20,557	$ 18,439