Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
ASSETS:
Cash and cash equivalents	$ 22,310	$ 10,205
Restricted cash	998	2,896
Mortgage loans held for sale	95,545	127,001
Inventory	1,225,153	1,112,042
Property and equipment - net	21,792	12,897
Investments in unconsolidated joint ventures	26,528	36,967
Deferred income taxes	39,944	67,404
Other assets	64,967	46,142
Total assets	1,497,237	1,415,554
LIABILITIES:
Accounts payable	110,179	86,878
Customer deposits	26,439	19,567
Other liabilities	99,969	93,670
Community development district (“CDD”) obligations	551	1,018
Obligation for consolidated inventory not owned	5,862	6,007
Notes payable bank - homebuilding operations	85,000	43,800
Notes payable bank - financial service operations	91,483	123,648
Notes payable - other	8,566	8,441
Convertible senior subordinated notes due 2017 - net	56,949	56,518
Convertible senior subordinated notes due 2018 - net	85,246	84,714
Senior notes due 2021 - net	295,401	294,727
TOTAL LIABILITIES	865,645	818,988
Commitments and contingencies (Note 6)	0	0
SHAREHOLDERS' EQUITY:
Preferred shares - $.01 par value; authorized 2,000,000 shares; 2,000 shares issued and outstanding at both September 30, 2016 and December 31, 2015	48,163	48,163
Common shares - $.01 par value; authorized 58,000,000 shares at both September 30, 2016 and December 31, 2015; issued 27,092,723 shares at both September 30, 2016 and December 31, 2015	271	271
Additional paid-in capital	243,481	241,239
Retained earnings	387,818	355,427
Treasury shares - at cost - 2,423,890 and 2,443,679 shares at September 30, 2016 and December 31, 2015, respectively	(48,141)	(48,534)
TOTAL SHAREHOLDERS' EQUITY	631,592	596,566
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,497,237	$ 1,415,554