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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities    
Net income $ 66,497 $ 33,720
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,099 13,959
Share-based compensation expense 6,456 3,362
Gain from sale of land, property and equipment (74) (34,202)
Other (1,484) 1,259
Changes in operating assets and liabilities:    
Inventories (29,053) 13,873
Customer deposits 33,966 58,287
Operating lease assets and liabilities, net 3,151 1,156
Other assets and liabilities (9,239) (4,997)
Accounts payable and accrued liabilities 6,679 13,404
Net cash provided by operating activities 88,998 99,821
Cash Flows from Investing Activities    
Capital expenditures (28,060) (7,205)
Proceeds from sale of land, property and equipment 78 74,399
Net cash (used in) provided by investing activities (27,982) 67,194
Cash Flows from Financing Activities    
Proceeds from borrowings under revolving credit facility 0 43,800
Payments of borrowings under revolving credit facility 0 (43,800)
Net change in borrowings under revolving credit facility 0 0
Dividends paid (13,010) (10,271)
Common stock repurchased (19,493) (19,708)
Other (2,894) (876)
Net cash used in financing activities (35,397) (30,855)
Increase in cash, cash equivalents and restricted cash equivalents during the period 25,619 136,160
Cash, cash equivalents and restricted cash equivalents at beginning of period 206,771 82,402
Cash, cash equivalents and restricted cash equivalents at end of period $ 232,390 $ 218,562