Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
ASSETS:
Cash, cash equivalents and restricted cash	$ 776,378	$ 821,570
Mortgage loans held for sale	238,583	283,540
Inventory	3,204,705	3,091,862
Property and equipment - net	33,569	34,513
Investment in joint venture arrangements	70,727	65,334
Operating lease right-of-use assets	57,428	53,895
Deferred Income Tax Assets, Net	13,451	13,451
Goodwill	16,400	16,400
Other assets	173,982	169,231
Total assets	4,585,223	4,549,796
LIABILITIES:
Accounts payable	228,909	198,579
Customer deposits	78,687	69,327
Operating lease liabilities	58,960	55,365
Other liabilities	260,289	281,019
Community development district obligations	11,736	12,839
Obligation for consolidated inventory not owned	17,010	11,809
Notes payable bank - homebuilding operations	0
Notes payable bank - financial service operations	227,957	286,159
Senior notes due 2028 - net	397,846	397,653
Senior notes due 2030 - net	297,495	297,369
TOTAL LIABILITIES	1,578,889	1,610,119
Commitments and contingencies (Note 6)	0	0
SHAREHOLDERS' EQUITY:
Common shares - $0.01 par value; authorized 58,000,000 shares at both March 31, 2025 and December 31, 2024; issued 30,137,141 shares at both March 31, 2025 and December 31, 2024	301	301
Additional paid-in capital	342,367	348,705
Retained earnings	2,976,310	2,865,073
Treasury shares - at cost - 3,364,519 and 3,074,118 shares at March 31, 2025 and December 31, 2024, respectively	(312,644)	(274,402)
TOTAL SHAREHOLDERS' EQUITY	3,006,334	2,939,677
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 4,585,223	$ 4,549,796