Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
OPERATING ACTIVITIES:
Net income	$ 56,609	$ 51,763	$ 50,789
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Inventory valuation adjustments and abandoned land transaction write-offs	3,992	3,638	2,410
Impairment of investment in unconsolidated joint ventures	0	0	1,047
Equity in income of unconsolidated joint ventures	(640)	(498)	(347)
Mortgage loan originations	(969,690)	(807,986)	(677,418)
Proceeds from the sale of mortgage loans	939,080	773,189	669,625
Fair value adjustment of mortgage loans held for sale	3,591	590	(3,191)
Capitalization of originated mortgage servicing rights	(5,569)	(4,726)	(4,009)
Amortization of mortgage servicing rights	1,652	1,010	775
Depreciation	8,552	6,612	5,175
Amortization of debt discount and debt issue costs	3,402	3,306	3,121
Loss on early extinguishment of debt, including transaction costs	0	(2,883)	0
Original issue discount	0	(3,126)	0
Stock-based compensation expense	5,315	3,942	3,215
Deferred Income Tax Expense	31,311	32,526	25,790
Deferred tax asset valuation allowance	0	0	(9,291)
Change in assets and liabilities:
Inventory	(83,775)	(159,011)	(209,318)
Other assets	(13,643)	(6,296)	(5,286)
Accounts payable	16,334	9,827	5,112
Customer deposits	2,589	3,458	497
Accrued compensation	4,853	1,861	1,182
Other liabilities	30,234	4,673	7,618
Net cash used in operating activities	34,197	(82,365)	(132,504)
INVESTING ACTIVITIES:
Purchase of property and equipment	(13,106)	(3,659)	(2,946)
Acquisition, net of cash acquired	0	(23,950)	0
Return of capital from unconsolidated joint ventures	3,207	1,226	1,523
Investment in unconsolidated joint ventures	(21,746)	(18,162)	(20,415)
Net proceeds from sale of mortgage servicing rights	0	3,065	2,135
Net cash provided by (used in) investing activities	(31,645)	(41,480)	(19,703)
FINANCING ACTIVITIES:
Repayment of senior notes, including transaction costs	0	(226,874)	0
Net proceeds from issuance of senior notes	0	300,000	0
Proceeds from bank borrowings - homebuilding operations	351,500	417,300	192,600
Repayment of bank borrowings - homebuilding operations	(355,000)	(403,500)	(162,600)
Net proceeds from bank borrowings - financial services operations	29,247	38,269	5,350
(Principal repayment of) proceeds from notes payable-other and CDD bond obligations	(2,026)	(1,077)	1,728
Dividends paid on preferred shares	(4,875)	(4,875)	(4,875)
Debt issue costs	(240)	(5,818)	(2,081)
Proceeds from exercise of stock options	182	1,035	1,944
Excess tax deficiency from stock-based payment arrangements	0	0
Net cash provided by financing activities	18,788	114,460	32,066
Net increase (decrease) in cash and cash equivalents	21,340	(9,385)	(120,141)
Cash and cash equivalents balance at beginning of period	13,101	22,486	142,627
Cash and cash equivalents balance at end of period	34,441	13,101	22,486
Cash paid during the year for:
Interest — net of amount capitalized	6,597	15,173	9,730
Income taxes	2,271	2,308	2,386
NON-CASH TRANSACTIONS DURING THE PERIOD:
Community development district infrastructure	(542)	(1,553)	(559)
Consolidated inventory not owned	1,521	5,399	(1,167)
Distribution of single-family lots from joint venture arrangements	$ 28,130	$ 8,236	$ 25,689