Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
OPERATING ACTIVITIES:
Net income	$ 86,254	$ 47,969
Adjustments to reconcile net income to net cash used in operating activities:
Equity in loss (income) from joint venture arrangements	(55)	(66)
Mortgage loan originations	(773,970)	(570,989)
Proceeds from the sale of mortgage loans	766,105	615,714
Fair value adjustment of mortgage loans held for sale	(427)	1,017
Servicing Asset at Fair Value, Period Increase (Decrease)	422	0
Capitalization of originated mortgage servicing rights	(2,233)	(1,588)
Amortization of mortgage servicing rights	1,159	657
Depreciation	6,037	5,698
Amortization of debt discount and debt issue costs	1,228	1,352
Gain (Loss) on Extinguishment of Debt	950	0
Stock-based compensation expense	2,726	2,594
Deferred income tax expense	253	888
Change in assets and liabilities:
Inventory	(51,603)	(89,853)
Other assets	(20,753)	240
Accounts payable	44,062	22,560
Customer deposits	15,067	5,993
Accrued compensation	(16,699)	(18,486)
Other liabilities	24,303	(13,083)
Net cash (used in) provided by operating activities	82,826	10,617
INVESTING ACTIVITIES:
Purchase of property and equipment	(1,976)	(1,599)
Return of capital from joint venture arrangements	363	150
Investment in joint venture arrangements	(19,089)	(15,281)
Net cash provided by (used in) investing activities	(20,702)	(16,730)
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	306,800	374,500
Principal repayments of bank borrowings - homebuilding operations	(372,800)	(317,600)
Net repayment of bank borrowings - financial services operations	(2,720)	(49,165)
Proceeds from (principal repayments of) notes payable-other and CDD bond obligations	1,213	(845)
Payments for repurchase of common stock	(1,912)	(5,150)
Debt issue costs	(8,410)	(40)
Proceeds from exercise of stock options	3,645	3,277
Net cash (used in) provided by financing activities	25,816	4,977
Net increase (decrease) in cash, cash equivalents and restricted cash	87,940	(1,136)
Cash, cash equivalents and restricted cash-Period Start	6,083	21,529
Cash, cash equivalents and restricted cash-Period End	94,023	20,393
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest — net of amount capitalized	6,114	10,585
Income taxes	1,862	13,557
NON-CASH TRANSACTIONS DURING THE PERIOD
Community development district infrastructure	(1,971)	(1,526)
Consolidated inventory not owned	3,101	(6,199)
Distribution of single-family lots from joint venture arrangements	$ 11,522	$ 9,723