Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
OPERATING ACTIVITIES:
Net income	$ 192,473	$ 86,254
Adjustments to reconcile net income to net cash used in operating activities:
Equity in loss (income) from joint venture arrangements	(195)	(55)
Mortgage loan originations	(1,088,033)	(773,970)
Proceeds from the sale of mortgage loans	1,149,308	766,105
Fair value adjustment of mortgage loans held for sale	258	(427)
Servicing Asset at Fair Value, Period Increase (Decrease)	(162)	422
Capitalization of originated mortgage servicing rights	(9,784)	(2,233)
Amortization of mortgage servicing rights	583	1,159
Depreciation	6,357	6,037
Amortization of debt discount and debt issue costs	1,294	1,228
Gain (Loss) on Sale of Investments	177	0
Gain (Loss) on Extinguishment of Debt	0	950
Stock-based compensation expense	4,405	2,726
Deferred income tax expense	0	253
Change in assets and liabilities:
Inventory	(133,286)	(51,603)
Other assets	(3,277)	(20,753)
Accounts payable	36,241	44,062
Customer deposits	37,104	15,067
Accrued compensation	(11,882)	(16,699)
Other liabilities	(7,780)	24,303
Net cash (used in) provided by operating activities	173,801	82,826
INVESTING ACTIVITIES:
Purchase of property and equipment	(1,036)	(1,976)
Return of capital from joint venture arrangements	1,050	363
Investment in joint venture arrangements	(17,101)	(19,089)
Net proceeds from sale of mortgage servicing rights	4,324	0
Net cash provided by (used in) investing activities	(12,763)	(20,702)
FINANCING ACTIVITIES:
Repayments of senior notes due 2021	0	(300,000)
Net proceeds from issuance of senior notes	0	400,000
Proceeds from bank borrowings - homebuilding operations	0	306,800
Principal repayments of bank borrowings - homebuilding operations	0	(372,800)
Net repayment of bank borrowings - financial services operations	(58,515)	(2,720)
Proceeds from (principal repayments of) notes payable-other and CDD bond obligations	54	1,213
Payments for repurchase of common stock	0	(1,912)
Debt issue costs	(2,211)	(8,410)
Proceeds from exercise of stock options	10,630	3,645
Net cash (used in) provided by financing activities	(50,042)	25,816
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	110,996	87,940
Cash, cash equivalents and restricted cash-Period Start	260,810	6,083
Cash, cash equivalents and restricted cash-Period End	371,806	94,023
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest — net of amount capitalized	420	6,114
Income taxes	60,523	1,862
NON-CASH TRANSACTIONS DURING THE PERIOD
Community development district infrastructure	8,611	(1,971)
Consolidated inventory not owned	2,567	3,101
Distribution of single-family lots from joint venture arrangements	$ 18,086	$ 11,522