Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
OPERATING ACTIVITIES:
Net income	$ 107,663	$ 72,081	$ 56,609
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Inventory valuation adjustments and abandoned land transaction write-offs	5,809	7,681	3,992
Equity in income from joint venture arrangements	(312)	(539)	(640)
Mortgage loan originations	(1,200,474)	(1,078,520)	(969,690)
Proceeds from the sale of mortgage loans	1,206,167	1,064,635	939,080
Fair value adjustment of mortgage loans held for sale	(3,764)	(3,675)	3,591
Capitalization of originated mortgage servicing rights	(4,550)	(5,005)	(5,569)
Amortization of mortgage servicing rights	784	1,069	1,652
Gain on sale of mortgage servicing rights	(1,224)	(654)	0
Depreciation	10,956	9,630	8,552
Amortization of debt discount and debt issue costs	2,791	3,475	3,402
Stock-based compensation expense	5,974	6,044	5,315
Deferred Income Tax Expense	4,957	12,437	31,311
Change in assets and liabilities:
Inventory	(157,573)	(168,622)	(83,775)
Other assets	2,044	(186)	(13,643)
Accounts payable	3,750	14,021	16,334
Customer deposits	1,521	4,222	2,589
Accrued compensation	3,486	2,338	4,853
Other liabilities	9,403	6,384	30,234
Net cash (used in) provided by operating activities	(2,592)	(53,184)	34,197
INVESTING ACTIVITIES:
Purchase of property and equipment	(8,141)	(8,799)	(13,106)
Acquisition, net of cash acquired	(100,960)	0	0
Return of capital from joint venture arrangements	676	3,518	3,207
Investment in joint venture arrangements	(31,867)	(12,088)	(21,746)
Net proceeds from sale of mortgage servicing rights	6,335	8,212	0
Net cash provided by (used in) investing activities	(133,957)	(9,157)	(31,645)
FINANCING ACTIVITIES:
Proceeds from issuance of senior notes	0	250,000	0
Proceeds from issuance of convertible senior subordinated notes	(65,941)	0	0
Proceeds from bank borrowings - homebuilding operations	666,600	398,300	351,500
Repayments of bank borrowings - homebuilding operations	(549,200)	(438,600)	(355,000)
Net proceeds from bank borrowings - financial services operations	(15,027)	15,300	29,247
Proceeds from (principal repayment of) notes payable-other and community development district bond obligations	(4,638)	4,161	(2,026)
Redemption of preferred shares	0	(50,420)	0
Dividends paid on preferred shares	0	(3,656)	(4,875)
Payments for Repurchase of Common Stock	(25,709)	0	0
Debt issue costs	(248)	(6,707)	(240)
Proceeds from exercise of stock options	538	11,225	182
Net cash provided by financing activities	6,375	179,603	18,788
Net increase (decrease) in cash, cash equivalents and restricted cash	(130,174)	117,262	21,340
Cash, cash equivalents and restricted cash balance at beginning of period	151,703	34,441	13,101
Cash, cash equivalents and restricted cash balance at end of period	21,529	151,703	34,441
Cash paid during the year for:
Interest — net of amount capitalized	17,793	10,168	6,597
Income taxes	25,279	36,802	2,271
NON-CASH TRANSACTIONS DURING THE PERIOD:
Community development district infrastructure	(657)	12,573	(542)
Consolidated inventory not owned	(2,237)	14,017	1,521
Distribution of single-family lots from joint venture arrangements	16,158	16,600	28,130
Common stock issued for conversion of convertible notes	$ 20,309	$ 57,500	$ 0