Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS:
Cash, cash equivalents and restricted cash	$ 21,184	$ 6,083
Mortgage loans held for sale	156,208	155,244
Inventory	1,822,531	1,769,507
Property and equipment - net	21,046	22,118
Investment in joint venture arrangements	40,306	37,885
Operating lease right-of-use assets	20,075	18,415
Deferred income tax asset	9,540	9,631
Goodwill	16,400	16,400
Other assets	91,673	70,311
Total assets	2,198,963	2,105,594
LIABILITIES:
Accounts payable	150,256	125,026
Customer deposits	45,099	34,462
Operating lease liabilities	20,075	18,415
Other liabilities	117,942	147,937
Community development district obligations	12,914	13,531
Obligation for consolidated inventory not owned	14,284	7,934
Notes payable bank - homebuilding operations	6,900	66,000
Notes payable bank - financial service operations	145,055	136,904
Notes payable - other	7,546	5,828
Senior notes due 2021 - net	0	298,988
Senior notes due 2025 - net	247,222	247,092
Senior notes due 2028 - net	393,989	0
TOTAL LIABILITIES	1,161,282	1,102,117
Commitments and contingencies (Note 6)	0	0
SHAREHOLDERS' EQUITY:
Common shares - $.01 par value; authorized 58,000,000 shares at both March 31, 2020 and December 31, 2019; issued 30,137,141 shares at both March 31, 2020 and December 31, 2019	301	301
Additional paid-in capital	332,490	332,861
Retained earnings	740,325	708,579
Treasury shares - at cost - 1,613,812 and 1,750,685 shares at March 31, 2020 and December 31, 2019, respectively	(35,435)	(38,264)
TOTAL SHAREHOLDERS' EQUITY	1,037,681	1,003,477
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 2,198,963	$ 2,105,594