Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
OPERATING ACTIVITIES:
Net income	$ 430,256	$ 360,083
Production Related Impairments or Charges	3,240
Adjustments to reconcile net income to net cash used in operating activities:
Equity in loss (income) from joint venture arrangements	0	(34)
Mortgage loan originations	(1,923,219)	(1,588,199)
Proceeds from the sale of mortgage loans	1,856,834	1,622,683
Fair value adjustment of mortgage loans held for sale	(98)	874
Servicing Asset at Fair Value, Additions	(3,845)	(4,312)
Amortization of mortgage servicing rights	954	1,269
Depreciation	10,511	9,565
Amortization of debt issue costs	2,425	2,056
Gain on sale of mortgage servicing rights	(2,613)	(990)
Stock-based compensation expense	10,859	7,006
Excess tax benefits on equity compensation	(4,612)	(4,807)
Change in assets and liabilities:
Inventory	(335,062)	108,627
Other assets	(33,366)	2,149
Accounts payable	52,030	22,340
Customer deposits	2,215	1,557
Accrued compensation	(4,322)	(7,187)
Other liabilities	13,154	(35,450)
Net cash (used in) provided by operating activities	75,341	497,230
INVESTING ACTIVITIES:
Purchase of property and equipment	(6,350)	(4,613)
Investment in joint venture arrangements	(45,920)	(19,726)
Net proceeds from sale of mortgage servicing rights	7,233	10,207
Net cash provided by (used in) investing activities	(45,037)	(14,132)
FINANCING ACTIVITIES:
Net proceeds from (repayment of) bank borrowings - financial services operations	69,597	(45,122)
Payments for repurchase of common stock	(125,819)	(40,259)
Debt issue costs	0	(159)
Proceeds from exercise of stock options	13,034	27,152
Net cash (used in) provided by financing activities	(43,188)	(58,388)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	(12,884)	424,710
Cash, cash equivalents and restricted cash-Period Start	732,804	311,542
Cash, cash equivalents and restricted cash-Period End	719,920	736,252
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest — net of amount capitalized	7,426	9,376
Income taxes	131,959	112,375
NON-CASH TRANSACTIONS DURING THE PERIOD
Community development district infrastructure	(4,166)	(8,551)
Consolidated inventory not owned	(15,384)	6,147
Distribution of single-family lots from joint venture arrangements	$ 27,234	$ 26,448