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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS:    
Cash, cash equivalents and restricted cash $ 36,360 $ 151,703
Mortgage loans held for sale 115,189 171,580
Inventory 1,751,525 1,414,574
Property and equipment - net 28,691 26,816
Investment in joint venture arrangements 24,568 20,525
Deferred income tax asset 16,925 18,438
Goodwill 16,400 0
Other assets 68,677 61,135
Total assets 2,058,335 1,864,771
LIABILITIES:    
Accounts payable 148,421 117,233
Customer deposits 40,448 26,378
Other liabilities 116,651 131,534
Community development district obligations 16,101 13,049
Obligation for consolidated inventory not owned 21,897 21,545
Notes payable bank - homebuilding operations 222,700 0
Notes payable bank - financial service operations 104,026 168,195
Notes payable - other 8,838 10,576
Convertible senior subordinated notes due 2018 - net 0 86,132
Senior notes due 2021 - net 297,608 296,780
Senior notes due 2025 - net 246,441 246,051
TOTAL LIABILITIES 1,223,131 1,117,473
Commitments and contingencies (Note 6) 0 0
SHAREHOLDERS' EQUITY:    
Common shares - $.01 par value; authorized 58,000,000 shares at both September 30, 2018 and December 31, 2017; issued 30,137,141 and 29,508,626 shares at September 30, 2018 and December 31, 2017, respectively 301 295
Additional paid-in capital 328,511 306,483
Retained earnings 548,585 473,329
Treasury shares - at cost - 2,003,778 and 1,651,874 shares at September 30, 2018 and December 31, 2017, respectively (42,193) (32,809)
TOTAL SHAREHOLDERS' EQUITY 835,204 747,298
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,058,335 $ 1,864,771