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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 193,111 $ 296,724
Cash held in escrow 52,488 56,569
Accounts receivable 53,878 52,797
Inventories 3,058,317 2,830,645
Mortgage loans held for sale 162,742 203,558
Prepaid expenses and other assets 345,637 250,535
Property and equipment, net 34,044 31,688
Deferred tax assets, net 18,778 20,856
Goodwill 30,395 30,395
Total assets 3,949,390 3,773,767
Liabilities:    
Accounts payable 161,054 106,926
Accrued expenses and other liabilities 282,283 299,588
Notes payable 1,051,294 1,019,412
Revolving line of credit
Mortgage repurchase facilities 162,094 197,626
Total liabilities 1,656,725 1,623,552
Stockholders' equity:    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding
Common stock, $0.01 par value, 100,000,000 shares authorized, 31,773,033 and 31,772,791 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 318 318
Additional paid-in capital 582,334 584,803
Retained earnings 1,710,013 1,565,094
Total stockholders' equity 2,292,665 2,150,215
Total liabilities and stockholders' equity $ 3,949,390 $ 3,773,767