Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS:
Cash and cash equivalents	$ 31,755	$ 10,205
Restricted cash	2,566	2,896
Mortgage loans held for sale	94,438	127,001
Inventory	1,153,537	1,112,042
Property and equipment - net	22,740	12,897
Investments in unconsolidated joint ventures	25,693	36,967
Deferred income taxes	55,860	67,404
Other assets	50,123	46,142
Total assets	1,436,712	1,415,554
LIABILITIES:
Accounts payable	81,594	86,878
Customer deposits	23,467	19,567
Other liabilities	74,345	93,670
Community development district (“CDD”) obligations	832	1,018
Obligation for consolidated inventory not owned	4,921	6,007
Notes payable bank - homebuilding operations	114,500	43,800
Notes payable bank - financial service operations	87,186	123,648
Notes payable - other	8,805	8,441
Convertible senior subordinated notes due 2017 - net	56,662	56,518
Convertible senior subordinated notes due 2018 - net	84,891	84,714
Senior notes due 2021 - net	294,904	294,727
TOTAL LIABILITIES	832,107	818,988
Commitments and contingencies	0	0
SHAREHOLDERS' EQUITY:
Preferred shares - $.01 par value; authorized 2,000,000 shares; 2,000 shares issued and outstanding at both March 31, 2016 and December 31, 2015	48,163	48,163
Common shares - $.01 par value; authorized 58,000,000 shares at both March 31, 2016 and December 31, 2015; issued 27,092,723 shares at both March 31, 2016 and December 31, 2015	271	271
Additional paid-in capital	240,977	241,239
Retained earnings	363,397	355,427
Treasury shares - at cost - 2,427,018 and 2,443,679 shares at March 31, 2016 and December 31, 2015, respectively	(48,203)	(48,534)
TOTAL SHAREHOLDERS' EQUITY	604,605	596,566
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,436,712	$ 1,415,554