Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

The following table sets forth the fair values and methods used for measuring the fair values of financial instruments on a recurring basis:

		Fair Value
Financial Instrument	Hierarchy	March 31, 2021		December 31, 2020
		(Dollars in thousands)
Mortgage loans held-for-sale, net	Level 2	$	230,789	$	232,556

Gain on Securities

The following table reconciles the net gain recognized during the three months ended March 31, 2021 and 2020 on equity securities to the unrealized gain recognized during the periods on equity securities still held at the reporting date.

	Three Months Ended March 31,
	2021		2020
	(Dollars in thousands)
Net loss recognized during the period on equity securities	$	—	$	(13,268)
Less: Net gain recognized during the period on equity securities sold during the period	—		609
Unrealized loss recognized during the reporting period on equity securities still held at the reporting date	$	—	$	(13,877)

Fair Value of Senior Notes

The estimated values of the senior notes in the following table are based on Level 2 inputs, which primarily reflect estimated prices for our senior notes that were provided by multiple sources.

	March 31, 2021				December 31, 2020
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(Dollars in thousands)
$250 million 5.500% Senior Notes due January 2024, net	$	249,292	$	275,306	$	249,233	$	275,463
$300 million 3.850% Senior Notes due January 2030, net	297,518		314,825		297,458		331,384
$350 million 2.500% Senior Notes due January 2031, net	346,916		332,168		—		—
$500 million 6.000% Senior Notes due January 2043, net	490,749		628,353		490,700		667,288
Total	$	1,384,475	$	1,550,652	$	1,037,391	$	1,274,135