Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS:
Cash, cash equivalents and restricted cash	$ 202,512	$ 6,083
Mortgage loans held for sale	140,046	155,244
Inventory	1,843,409	1,769,507
Property and equipment - net	25,696	22,118
Investment in joint venture arrangements	34,038	37,885
Operating lease right-of-use assets	52,574	18,415
Deferred Income Tax Assets, Net	9,205	9,631
Goodwill	16,400	16,400
Other assets	96,675	70,311
Total assets	2,420,555	2,105,594
LIABILITIES:
Accounts payable	176,581	125,026
Customer deposits	66,632	34,462
Operating lease liabilities	52,666	18,415
Other liabilities	156,390	147,937
Community development district obligations	9,892	13,531
Obligation for consolidated inventory not owned	364	7,934
Notes payable bank - homebuilding operations	0	66,000
Notes payable bank - financial service operations	136,119	136,904
Notes payable - other	5,325	5,828
Senior notes due 2021 - net	0	298,988
Senior notes due 2025 - net	247,483	247,092
Senior notes due 2028 - net	394,363	0
TOTAL LIABILITIES	1,245,815	1,102,117
Commitments and contingencies (Note 6)	0	0
SHAREHOLDERS' EQUITY:
Common shares - $0.01 par value; authorized 58,000,000 shares at both September 30, 2020 and December 31, 2019; issued 30,137,141 shares at both September 30, 2020 and December 31, 2019	301	301
Additional paid-in capital	336,623	332,861
Retained earnings	868,370	708,579
Treasury shares - at cost - 1,391,492 and 1,750,685 shares at September 30, 2020 and December 31, 2019, respectively	(30,554)	(38,264)
TOTAL SHAREHOLDERS' EQUITY	1,174,740	1,003,477
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 2,420,555	$ 2,105,594