Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
OPERATING ACTIVITIES:
Net income	$ 103,066	$ 91,839
Adjustments to reconcile net income to net cash used in operating activities:
Equity in loss (income) from joint venture arrangements	(7)	(16)
Mortgage loan originations	(494,461)	(479,781)
Proceeds from the sale of mortgage loans	514,346	549,025
Fair value adjustment of mortgage loans held for sale	(3,975)	5,956
Servicing Asset at Fair Value, Additions	(1,390)	(3,583)
Amortization of mortgage servicing rights	523	300
Depreciation	3,214	3,244
Amortization of debt issue costs	660	644
Loss on sale of mortgage servicing rights	0	176
Stock-based compensation expense	2,023	1,831
Change in assets and liabilities:
Inventory	175,316	(129,295)
Other assets	(4,564)	(25,025)
Accounts payable	(20,171)	36,882
Customer deposits	4,682	23,818
Accrued compensation	(38,969)	(31,746)
Other liabilities	11,206	25,057
Net cash (used in) provided by operating activities	251,499	69,326
INVESTING ACTIVITIES:
Purchase of property and equipment	(2,079)	(1,205)
Investment in joint venture arrangements	(2,714)	(5,429)
Net cash provided by (used in) investing activities	(4,793)	(6,634)
FINANCING ACTIVITIES:
Net repayment of bank borrowings - financial services operations	(22,123)	(62,510)
Proceeds from (principal repayments of) notes payable-other and CDD bond obligations	0	(2,677)
Payments for repurchase of common stock	0	(15,393)
Debt issue costs	0	(80)
Proceeds from exercise of stock options	6,439	206
Net cash (used in) provided by financing activities	(15,684)	(80,454)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	231,022	(17,762)
Cash, cash equivalents and restricted cash-Period Start	311,542	236,368
Cash, cash equivalents and restricted cash-Period End	542,564	218,606
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest — net of amount capitalized	6,176	7,895
Income taxes	838	993
NON-CASH TRANSACTIONS DURING THE PERIOD
Community development district infrastructure	(2,641)	(3,323)
Consolidated inventory not owned	2,600	60
Distribution of single-family lots from joint venture arrangements	$ 5,244	$ 5,257