Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating activities
Net income	$ 59,636	$ 70,261
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	9,793	8,803
Stock-based compensation expense	11,391	10,135
Loss on debt extinguishment	10,832
Deferred income taxes	(514)	(804)
Distributions from unconsolidated subsidiaries		7,432
Equity in income of unconsolidated subsidiaries		(14,849)
(Gain) loss on disposition of assets	846	1,399
Changes in assets and liabilities:
Cash held in escrow	(6,018)	6,077
Accounts receivable	(4,465)	(13,324)
Inventories	(215,771)	(243,355)
Prepaid expenses and other assets	33,346	(32,640)
Accounts payable	(11,212)	3,267
Accrued expenses and other liabilities	(53,901)	(9,285)
Mortgage loans held for sale	17,073	(10,114)
Net cash provided by (used in) operating activities	(148,964)	(216,997)
Investing activities
Purchases of property and equipment	(11,633)	(11,893)
Business combinations, net of acquired cash		(28,036)
Other investing activities	78	272
Net cash provided by (used in) investing activities	(11,555)	(39,657)
Financing activities
Borrowings under revolving credit facilities	1,184,800	520,000
Payments on revolving credit facilities	(1,108,500)	(284,000)
Proceeds from issuance of senior notes due 2027	500,000
Extinguishment of senior notes due 2022	(391,942)
Proceeds from issuance of insurance premium notes and other	12,629	11,838
Principal payments on insurance notes payable and other	(19,275)	(2,173)
Extinguishments of debt assumed in business combination		(94,231)
Debt issuance costs	(6,075)	(3,521)
Net payments on mortgage repurchase facilities	(26,757)	9,008
Net proceeds from issuances of common stock	25,817	31,230
Repurchases of common stock upon vesting of stock based compensation	(3,588)	(5,483)
Repurchases of common stock under our stock repurchase program	(1,439)
Net cash provided by (used in) financing activities	165,670	182,668
Net increase (decrease)	5,151	(73,986)
Cash and cash equivalents and Restricted cash, Beginning of period	36,441	93,713
Cash and cash equivalents and Restricted cash, End of period	41,592	19,727
Supplemental cash flow disclosure
Cash paid for income taxes	20,722	39,326
Cash and cash equivalents and Restricted cash
Cash and cash equivalents	38,508	15,927
Restricted cash (Note 6)	$ 3,084	$ 3,800