Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
OPERATING ACTIVITIES:
Net income	$ 159,791	$ 85,807
Adjustments to reconcile net income to net cash used in operating activities:
Equity in loss (income) from joint venture arrangements	(307)	(118)
Mortgage loan originations	(1,287,426)	(959,022)
Proceeds from the sale of mortgage loans	1,301,713	997,369
Fair value adjustment of mortgage loans held for sale	911	2,982
Servicing Asset at Fair Value, Period Increase (Decrease)	507	0
Capitalization of originated mortgage servicing rights	(4,119)	(3,366)
Amortization of mortgage servicing rights	1,847	1,112
Depreciation	9,298	8,655
Amortization of debt discount and debt issue costs	1,869	2,029
Gain (Loss) on Extinguishment of Debt	950	0
Stock-based compensation expense	4,915	4,086
Deferred income tax expense	426	1,494
Change in assets and liabilities:
Inventory	(62,524)	(156,073)
Other assets	(18,493)	(3,952)
Accounts payable	51,555	38,017
Customer deposits	32,170	4,195
Accrued compensation	(4,990)	(11,629)
Other liabilities	9,133	(10,609)
Net cash (used in) provided by operating activities	197,226	977
INVESTING ACTIVITIES:
Purchase of property and equipment	(8,465)	(2,626)
Return of capital from joint venture arrangements	1,213	438
Investment in joint venture arrangements	(24,075)	(23,522)
Net cash provided by (used in) investing activities	(31,327)	(25,710)
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	568,900
Principal repayments of bank borrowings - homebuilding operations	(372,800)	(496,400)
Net repayment of bank borrowings - financial services operations	(785)	(44,574)
Proceeds from (principal repayments of) notes payable-other and CDD bond obligations	(503)	(429)
Payments for repurchase of common stock	(1,912)	(5,150)
Debt issue costs	(8,524)	(40)
Proceeds from exercise of stock options	8,254	14,348
Net cash (used in) provided by financing activities	30,530	36,655
Net increase (decrease) in cash, cash equivalents and restricted cash	196,429	11,922
Cash, cash equivalents and restricted cash-Period Start	6,083	21,529
Cash, cash equivalents and restricted cash-Period End	202,512	33,451
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest — net of amount capitalized	15,644	23,034
Income taxes	39,510	26,578
NON-CASH TRANSACTIONS DURING THE PERIOD
Community development district infrastructure	(3,639)	1,936
Consolidated inventory not owned	(7,570)	(12,621)
Distribution of single-family lots from joint venture arrangements	$ 27,016	$ 11,515