Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
OPERATING ACTIVITIES:
Net income	$ 51,763	$ 50,789	$ 151,423
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Inventory valuation adjustments and abandoned land transaction write-offs	3,638	2,410	5,805
Impairment of investment in unconsolidated joint ventures	0	1,047	0
Equity in income of unconsolidated joint ventures	(498)	(347)	(306)
Mortgage loan originations	(807,986)	(677,418)	(627,509)
Proceeds from the sale of mortgage loans	773,189	669,625	614,726
Fair value adjustment of mortgage loans held for sale	590	(3,191)	2,094
Capitalization of originated mortgage servicing rights	(4,726)	(4,009)	0
Amortization of mortgage servicing rights	1,010	775	0
Depreciation	6,612	5,175	4,973
Amortization of debt discount and debt issue costs	3,306	3,121	3,338
Loss on early extinguishment of debt, including transaction costs	2,883	0	1,726
Original issue discount	(3,126)	0	0
Stock-based compensation expense	3,942	3,215	2,344
Deferred Income Tax Expense	32,526	25,790	15,547
Deferred tax asset valuation allowance	0	(9,291)	(126,458)
Change in assets and liabilities:
Cash held in escrow	206	(171)	(37)
Inventory	(159,011)	(209,318)	(156,708)
Other assets	(6,296)	(5,286)	(10,219)
Accounts payable	9,827	5,112	22,536
Customer deposits	3,458	497	1,023
Accrued compensation	1,861	1,182	9,753
Other liabilities	4,673	7,618	11,975
Net cash used in operating activities	(82,159)	(132,675)	(73,974)
INVESTING ACTIVITIES:
Change in restricted cash	3,849	7,122	(5,185)
Purchase of property and equipment	(3,659)	(2,946)	(2,382)
Acquisition, net of cash acquired	(23,950)	0	0
Return of capital from unconsolidated joint ventures	1,226	1,523	1,522
Investment in unconsolidated joint ventures	(18,162)	(20,415)	(29,509)
Net proceeds from sale of mortgage servicing rights	3,065	2,135	0
Net cash provided by (used in) investing activities	(37,631)	(12,581)	(35,554)
FINANCING ACTIVITIES:
Repayment of senior notes, including transaction costs	(226,874)	0	0
Net proceeds from issuance of senior notes	300,000	0	0
Proceeds from issuance of convertible senior subordinated notes	0	0	86,250
Net proceeds from issuance of common shares	0	0	54,617
Proceeds from bank borrowings - homebuilding operations	417,300	192,600	0
Repayment of bank borrowings - homebuilding operations	(403,500)	(162,600)	0
Net proceeds from bank borrowings - financial services operations	38,269	5,350	12,072
(Principal repayment of) proceeds from notes payable-other and CDD bond obligations	(1,077)	1,728	(3,315)
Dividends paid on preferred shares	(4,875)	(4,875)	(3,656)
Redemption of preferred shares	0	0	(50,352)
Debt issue costs	(5,818)	(2,081)	(5,501)
Proceeds from exercise of stock options	1,035	1,944	2,640
Net cash provided by financing activities	114,460	32,066	92,755
Net increase (decrease) in cash and cash equivalents	(5,330)	(113,190)	(16,773)
Cash and cash equivalents balance at beginning of period	15,535	128,725	145,498
Cash and cash equivalents balance at end of period	10,205	15,535	128,725
Cash paid during the year for:
Interest — net of amount capitalized	15,173	9,730	11,834
Income taxes	2,308	2,386	765
NON-CASH TRANSACTIONS DURING THE PERIOD:
Community development district infrastructure	(1,553)	(559)	(1,504)
Consolidated inventory not owned	5,399	(1,167)	(17,330)
Distribution of single-family lots from unconsolidated joint ventures	$ 8,236	$ 25,689	$ 4,800