Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
OPERATING ACTIVITIES:
Net income	$ 31,746	$ 17,723
Adjustments to reconcile net income to net cash used in operating activities:
Equity in loss (income) from joint venture arrangements	(52)	121
Mortgage loan originations	(345,950)	(251,200)
Proceeds from the sale of mortgage loans	348,725	299,823
Fair value adjustment of mortgage loans held for sale	(3,739)	1,363
Servicing Asset at Fair Value, Period Increase (Decrease)	1,000	0
Capitalization of originated mortgage servicing rights	(1,307)	(803)
Amortization of mortgage servicing rights	564	300
Depreciation	3,035	2,841
Amortization of debt discount and debt issue costs	625	676
Gain (Loss) on Extinguishment of Debt	950	0
Stock-based compensation expense	973	912
Deferred income tax expense	91	335
Change in assets and liabilities:
Inventory	(45,078)	(60,737)
Other assets	(20,532)	2,225
Accounts payable	25,230	1,424
Customer deposits	10,637	4,281
Accrued compensation	(26,952)	(24,835)
Other liabilities	(4,193)	(17,082)
Net cash (used in) provided by operating activities	(24,227)	(22,633)
INVESTING ACTIVITIES:
Purchase of property and equipment	(451)	(460)
Return of capital from joint venture arrangements	363	0
Investment in joint venture arrangements	(6,458)	(6,041)
Net cash provided by (used in) investing activities	(6,546)	(6,501)
FINANCING ACTIVITIES:
Repayments of senior notes due 2021	(300,000)	0
Net proceeds from issuance of senior notes	400,000	0
Proceeds from bank borrowings - homebuilding operations	194,300	218,100
Principal repayments of bank borrowings - homebuilding operations	(253,400)	(116,700)
Net repayment of bank borrowings - financial services operations	8,151	(49,142)
Proceeds from (principal repayments of) notes payable-other and CDD bond obligations	1,718	0
Payments for repurchase of common stock	(1,912)	(5,150)
Debt issue costs	(6,165)	0
Proceeds from exercise of stock options	3,182	2,428
Net cash (used in) provided by financing activities	45,874	49,536
Net increase (decrease) in cash, cash equivalents and restricted cash	15,101	20,402
Cash, cash equivalents and restricted cash-Period Start	6,083	21,529
Cash, cash equivalents and restricted cash-Period End	21,184	41,931
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest — net of amount capitalized	12,501	14,460
Income taxes	408	362
NON-CASH TRANSACTIONS DURING THE PERIOD
Community development district infrastructure	(617)	(664)
Consolidated inventory not owned	6,350	(3,388)
Distribution of single-family lots from joint venture arrangements	$ 3,726	$ 1,054